The key issues that determine the applicability of section 75 are identified very clearly in Office of Fair Trading v Lloyds TSB Bank Plc and others EWCA Civ and the Bank of Scotland v Alfred Truman (a firm) EWHC 583 (QB). They only would have recourse in the courts, but in any event they cannot because PayPal is incorporated in Luxembourg and, since the UK has left the EU, is now no longer within the jurisdiction of any UK Courts. This leaves consumers with no recourse to pursue their complaint with the Financial Ombudsman Service. In India, as of January 2010, PayPal has no cross-border money transfer authorization. Prior to the move, PayPal had been registered in the United Kingdom (UK) as PayPal (Europe) Ltd, an entity which was licensed as an Electronic Money Issuer with the UK’s Financial Services Authority (FSA) from 2004. In the United States, PayPal is licensed as a money transmitter, on a state-by-state basis.