I&#x27;d switch to square, but since I don&#x27;t have a debit card I can&#x27;t use it. I can still use paypal (and annoy my friends in the process.)<p>EDIT:<p>To answer your question, paypal still exists for the same reasons banks exist when people hate them, and for similar reasons to why you&#x27;d hire a tour company or local guide when visiting a different country. They are embedded -- they offer increased access via established agreements with more financial entities. They have more mastery of the regulatory landscape than their competitors (especially startups).<p>Finance is in many ways very traditional business, and paypal has invested in traditional parts of business. I&#x27;d bet they employ more lawyers than any other payment startup out there, for example.