PayPal payment system in Russia, Ukraine and Belarus: reviews

Electronic payment terminals over the past few years have been widely used throughout the world. But not all of them are as popular as the PayPal payment system . What is this you will learn from this article.

brief information

Payment system PayPal was organized in 1999 by the Kiev Max Levchim, who emigrated to the United States. This is a way of making electronic payments, through which you can transfer funds to other accounts, pay for goods and services on the Internet and withdraw money to your bank account. The system also provides a number of additional services: from recharging the mobile phone account to creating a virtual terminal on the site. To date, it has 164 million users around the world, which are successfully serviced in 200 branches and can convert electronic money into 26 different currencies.

Opening an account and linking a card

Registration in the system is free of charge. First, the user needs to choose one and three types of accounts: "Personal", "Premium" or "Business". The purpose of each is clear from the title. Through the "Personal account" individuals can pay their purchases in online stores. "Premium" is recommended to sellers with small turns to receive payment for goods. The "Business" account offers great opportunities for large companies. Individuals need to indicate their e-mail, password, citizenship, address and telephone number for registration, and for legal entities - information about the company.

The next step is to attach a credit card such as Visa, MasterCard, Discover, American Express to your account. During this procedure, $ 1.95 will be debited from the account, and three days after checking the relevance of the cardholder's data and the user's data, the money will be returned to the account. During the operation, the system generates a special code, which you will need to enter into your account profile. After three unsuccessful attempts, the card will be rejected. To re-apply the card to the account, you will need to contact the site administration. After registration, users will have access to the services of the service. Functional capabilities of the system are different for each country.

PayPal in Russia: Prospects and Problems of Development

PayPal payment system in Russia since September 17, 2013 began to work with rubles. Now the Russians when paying for purchases in the online store through PayPal it is enough just to specify the account number and choose the option of writing off the funds: from the card or from a virtual account. Users can conduct transactions between accounts and display Russian currency on a card of any local bank. Now it's up to Russian shops. The faster they connect this service to their sites, the more transactions will pass through PayPal. Representatives of the company are already negotiating with several large Russian online stores about the implementation of the system.

However, users still have problems. Perhaps, the only service where the security service quickly responds to the message about an erroneous transfer is the PayPal payment system. Feedback from users is confirmed. On the Internet, there is even a detailed instruction on attaching a card to withdraw funds. It is very important during the card binding procedure to indicate the BIC of the regional bank. Further guidance to the action is given to the user by e-mail.

Payment system PayPal - is primarily the ability to make electronic payments. Although the site administration takes all steps to improve the security of translations, there are still complaints about unauthorized access to the account. There are complaints that after a while after the purchase, SMS from the bank begins to come with information on withdrawal of funds from the card that was connected to the virtual account. In such cases, it is recommended to immediately open a dispute marked as unauthorized transaction. PayPal quickly responds to messages of this kind.

Belarus is a new segment of the market

06/17/2014 the list of the countries of service has replenished. PayPal payment system in Belarus now allows users to make payments not only through account cards linked to the account, but also through electronic money in the account. Legal entities will be able to use electronic money as soon as any Belarusian bank assumes obligations to pay off electronic money emitted by PayPal.

How not to become a victim of scammers

This news was delighted not only by account holders, but also by scammers. They sent an e-mail message allegedly on behalf of the administration of PayPal with the requirement to immediately update the data in the payment system. When clicking on a link from a message and entering its data, the user automatically lost access to the account and money. In order not to fall for such tricks, you need to carefully look at the sender's address. E-mail service security service ends with "@ paypal.com".

In the meantime, users are actively discussing the question of how to tie the MTBank and BPSsberbank cards to the account in the system. There are only two options: wait until the bank activates this option, or use the Russian account. Until recently, the owners of virtual accounts from Belarus in their accounts as the country of origin indicated Russia.

What to expect Ukrainians

Payment system PayPal in Ukraine has a number of restrictions. The most important of them is that Ukrainians can not withdraw money to their bank card. The fact is that the service has not yet received a license in Ukraine. According to Jonathan Romley, the vice president of the Avarla campaign, which helps world brands master the Ukrainian market, the service should not be rushed to launch in the territory of Ukraine. And it's not just about licensing. PrivatBank controls half of the market for such services. If he does not want to cooperate with PayPal, then the service will automatically lose a huge market share. But competition is not always an obstacle to market development. For example, in Russia "Yandek.Money" did not prevent PayPal from entering the market.

Opening an account and withdrawing funds for Ukrainians

You can often find advice to open an account in the system immediately in dollars, even if you need to make a purchase in a Chinese online store. If there is a need to return money to your account, you will first have to convert to dollars, and only then through the intermediaries to display on the card. Residents of Ukraine are trying to solve the problem of withdrawing funds in the same way as Belarusians did in their time: order a Payoneer card with an account in an American bank, but issued on a Ukrainian passport, and then bind this card to a PayPal account. Those who do not want 3 months to wait for a card or risk their money in this way, use the services of numerous intermediaries who convert money into WMZ - the equivalent of dollars in the Webmoney payment system.

Buy on eBay - pay via PayPal

In 2002, the payment system bought an eBay auction for $ 1.5 billion. Most of the purchases on the site are made through PayPal. The commission from the buyer is not charged, and the seller for the transaction will pay 2.4-3.4% + $ 0.3. But users from the CIS countries often have problems. For example, if the seller did not specify a method for delivering goods to a particular country (Ukraine), the terminal simply does not give the buyer the opportunity to make a transaction. And here is an example of another situation. Often residents of CIS countries use intermediaries to register at the auction, which provide their services for payment and delivery of goods. In order not to pay an additional commission for a money transfer, users register on the auction site with a delivery address in the US, and try to pay for the goods from the citizen's account of Ukraine. Such transactions are also blocked by the system. There are two ways out: pay the commission to the intermediary so that payments pass through his account, or ask the seller to issue an invoice with delivery to Ukraine and agree to any shipping cost. The second option hits the wallet much more than the first.