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If you look at their financials, they’re clearly making money. In 2025 they had 33B in revenue with a net income of 5.2B

PayPal is sort of the Facebook of digital payments: they stopped being directly relevant years ago, but own many of the things that you or someone you know continue to use. Venmo being the obvious one, but also Braintree, Xoom, Honey, Bill Me Later, etc.

Doesn't PayPal confiscate your money if you forget to withdraw it in time?

It's a bank in Europe

According to Wikipedia they hold $80 billion in assets.

They also hold a lot of financial data of its users, which is certainly worth more than anything that could ever make sense to my pleb brain.