Originally Posted by
dark_horse
Did I hear correctly that PayPal are not regulated by the FSA, or has that now been fixed?
A quick google search brings up this charming website
http://www.screw-paypal.com/ 
Is says....
PayPal (Europe):
Ltd. is authorised and regulated by the Financial Services Authority in
the United Kingdom as an electronic money institution. PayPal FSA
Register Number: 226056
Edit: Just searched that number on
http://www.fsa.gov.uk/register/firmSearchForm.do and the result says:
Current status: No longer Authorised
Effective Date: 04/07/2007
I wish people would update their websites!