Paypal cons. What is PayPal? Secrets, features and advantages of working with PayPal for residents of Russia and the CIS

PayPal is one of the best payment instruments (payment systems) on the Internet. PayPal is designed for paying bills and purchases, as well as sending and receiving money online by individuals and legal entities.

Millions of people around the world use PayPal. To pay, you only need to have an email address and password, which is very convenient.

The features of this payment system and its advantages include:

  1. It is possible to pay for goods without commission.
  2. Paypal guarantees that the item will be delivered(the money will become available to the seller only after confirmation of delivery).
  3. Paypal allows you to start a “dispute” with the seller about problems with your order.

History of creation

PayPal Inc. was founded through a merger of other companies in 2000. An aggressive policy of attracting users (paying up to $20 per user) led to the fact that in April 2000, 1 million sellers on eBay accepted payment using PayPal.

The founders of the business are Ken Howery, Luke Nozek, Max Levchin (born in Kyiv in 1975, moved to the USA, where he graduated from the University of Illinois), Elon Musk (also known as the founder of SpaceX and Tesla Motors) and Peter Thiel. In 2002, eBay acquired Paypal for $1.5 billion.

In 2011, Paypal changed its status for users in Russia. It has become possible to top up your Paypal account using a bank card, and since September 2013, you can use rubles and withdraw funds from Paypal without commission to your account in a Russian bank.

Registration with Paypal is described in detail in this article. Before starting your free registration, you need to know the following:

  • All countries in this payment system are divided into groups. Russia belongs to a group in which a one-time payment can currently be up to 15,000 rubles, and the monthly payment limit is 40,000 rubles.
  • For CIS countries, the group level is lower and the limits are smaller.
  • Before registering, you need to pay attention to the fact that you can top up your account only from a plastic card attached to it.

Registration begins with selecting the country and interface language. Next, you need to determine the type of account in Paypal:

  • For business (i.e. for sellers).
  • For buyers.

Then real personal data is entered in a special form. Paypal's verification methods will most likely render your account inaccessible due to incorrect or fictitious information, so please enter your real information.

Unblocking is possible only upon receipt of a letter with further instructions. They try to fake such letters for phishing and theft of funds, so you should carry out all your actions from the Paypal website, and not from links in the letter.

The login to enter the system is your e-mail. It is recommended to create a separate mailbox for working with Paypal, which will reduce the likelihood of attacks on your Paypal account using the mailbox name. To restore access to your Paypal account, it is optimal to use a mobile phone, so Paypal requests your number during registration.

It is not necessary to link a plastic card when registering with Paypal; this can be done later. In any case, the link will require entering card data, including the confirmation code from the back of the plastic card.

Confirmation of the right to an account is done after a letter from Paypal arrives at the specified email address. Confirmation of the linked card is a separate procedure. And only after its completion, the card becomes linked and can be used in this system. Checking the card is done as follows:

  • A small amount (up to $2) is withdrawn from it, which will then be returned to the card or Paypal account.
  • Confirmation by the user of this withdrawal serves as verification of the card linked to the account.

Paypal commission

Before describing, let's list the commissions:

  1. Payment for purchases in Russia is free. Commission of 4% only when converting rubles into foreign currency for purchases abroad (if the seller does not agree to pay the commission).
  2. In case of personal money transfer in Russia using a PayPal account, no commission is charged.
  3. A commission of 3.4% of the transferred amount plus 10 rubles is charged. for each transaction when using a bank card. But it is possible to choose who pays the commission: the one who sends the transfer or the one who receives it.
  4. When transferring money abroad, an additional commission from 0.4% to 1.5% (depending on the country of destination) is charged to the previous points.

You can save on commissions if currency conversion is performed at the bank that issued the card.

What is a Dispute in Paypal?

This payment system gives 45 days for the possible initiation of a “dispute” with the seller regarding improper execution of the order (including product quality or non-delivery). This means high protection against fraud, and if Paypal was used for a purchase on eBay, a guarantee of the entire transaction.

When a “dispute” is opened, the seller’s account will be blocked and the money will be returned over time, and if the unscrupulous seller disappears, Paypal itself will issue a refund.

Secrets and features of using Paypal

When using this payment system, the quality of the customer-oriented interface is impressive. To purchase goods in an online store or at an eBay auction, you must indicate that payment is made using Paypal and enter your Paypal registration data (login and password). Confirmation of payment, after carefully reviewing the information provided on the screen for this purchase, will result in the payment being processed.

For greater security, you can make payments from the Paypal website. To do this, on the “Send Funds” tab, you must fill out the form without errors with information about the recipient and the payment amount. The recipient is also identified by his login (his email).

On the next page you can check everything and, if necessary, enter a discount code, change the conversion method, write a message to the recipient with private information. Further, after sending (the “Send funds” button) and refreshing the page (it may take a long time), the payment will be completed.

Changing the conversion method (so that instead of Paypal, this action is assigned to the bank that issued the card) can be easily configured in the profile, including for all subsequent operations.

It remains to consider how to top up your Paypal account and how to transfer money to Paypal. Replenishment of the account is possible only from a linked plastic card, by exchanging other electronic money or as a result of receiving funds by the seller. How to profitably exchange electronic money, read here.

In Russia, sellers focus mainly on domestic electronic money and payment systems. But over time, the number of merchants accepting payments via Paypal will only grow. Perhaps this will be facilitated by a device such as “PayPal Here” (introduced in March 2012). It allows you to pay with a plastic card via a smartphone on the iOS or Android platform. PayPal commission – 2.7% of the payment.

Paypal is especially relevant in Russia for paying for goods in foreign online stores or at auctions on eBay. In this area there is practically no alternative. Gradually, more and more of our compatriots are trying to pay for purchases using Paypal.

So the world’s most popular online shopping system will deservedly receive its market share in Russia. This article is intended to answer the question of what Paypal is and talk about its features and advantages.

A person planning to make electronic payments in Europe and the USA often has questions about the PayPal payment system: what it is and what advantages it gives to its clients. He should know that there are many advantages that PayPal provides - although there are no less features that distinguish it from other services. And to register in the system, you just need to provide your real personal data and link at least one payment card to your e-wallet. In some cases, you may be required to submit documents. After this, it provides access to all its capabilities.

Pros and cons of PayPal

Among the advantages that the PayPal system provides, it is worth noting the following capabilities and functions:

Among the disadvantages of the service are strict limits on the transfer amount (both maximum and minimum) and a high probability of account blocking if technical support suspects the client of fraud. In addition, in PayPal it is almost impossible to exchange for the currency of other electronic wallets (only through special exchange offices).

The commission for PayPal transfers is quite large - for residents of Russia its size is 3.9% + 10 rubles, for Ukrainians and Belarusians - 3.4% + 0.3 dollars.

And another problem for the client is the restriction of direct withdrawal of funds to bank accounts of some countries, including the Russian Federation and Ukraine - there are no banks where you can transfer money from PayPal. And the user has to either link the card or use the services of exchangers again.

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Exchange and withdrawal operations in the PayPal system

Knowing what PayPal is and how to use it, you can perform the following operations:

Another way to withdraw money in PayPal is to transfer it to a linked bank card. The payment instrument, which will take a few minutes to link, is actually the PayPal account itself (see). Payment for goods or services withdrawn to an electronic wallet in the system goes to this card.

There is also an option to transfer money from a PayPal account to PayPal, which uses the function of sending payments from a system account. To use it, the recipient must also be registered with PayPal.

Ways to top up your PayPal wallet

When replenishing an electronic wallet in the system, you can use it in different ways. At the same time, each one needs a payment instrument number. The way to find out the PayPal wallet account number is to determine the e-mail to which the account is registered. The email address represents the details that are indicated when making a transaction.

You can also use the option of replenishing your PayPal account through the terminal. When using devices of Russian payment systems, funds are withdrawn to the linked card. Abroad, direct replenishment of your wallet is also possible. The linked payment card can belong to any system. For example, to Qiwi Wallet or Privatbank.

The way to top up your PayPal account from your phone is also related to bank cards. By replenishing them, the service client withdraws funds to the PayPal electronic wallet. Although there are other possibilities - for example, withdrawal directly through special sites that cooperate with mobile operators.

The method of sending money to PayPal to another person may involve the use of exchangers or the same transfers to linked cards. The first option is usually more profitable, the second is the fastest.

Problems with making an exchange

If a user has such a problem when PayPal does not work, you should use one of the following methods:

  • temporarily disable antivirus programs;
  • clear your browsing history;

If these methods do not help, you should contact technical support.

Not everyone knows what PayPal is and how to use it. The economy does not stand still. Many goods and services can be obtained on the Internet. For secure payments, for the convenience of all participants in business relations, this electronic payment system was specially developed.

What is PayPal?

The main thing in payments via the Internet is security guarantees. A person should know that his money will not go in an unknown direction, and he will not become a victim of fraud. The PayPal payment system is a system through which you can send and receive financial transfers. Its main feature is ensuring the protection of the rights of sellers and buyers. The company is a kind of electronic bank, as it performs almost the same functions on the Internet.

PayPal - pros and cons

In the era of booming technological development, such a system has simply become a necessity. Like any product, the PayPal service has both advantages and disadvantages. Using the payment system, you can even buy a car in a matter of seconds without leaving your home or pay utility bills. All this makes human life much easier. Let's look at the pros and cons of this system in more detail.

PayPal benefits

PayPal wallet has a huge number of advantages, among which the following must be highlighted:

  • To work with this system, you do not need additional PC software: you can manage your personal account from any browser and any PC;
  • a high level of security is a huge plus: the client’s identity is carefully checked;
  • an additional security measure is to link a credit card to a virtual account: this operation is necessary to confirm the client’s identity;
  • in case of an unsuccessful money transaction, the user receives his money back.

Cons of PayPal

Any system has its unpleasant sides. PayPal account is no exception, because it has restrictions on working in post-Soviet countries. Until recently, in Russia it was difficult to withdraw money from an account. Increased security measures, on the one hand, are good, but the system independently blocks accounts at the slightest suspicion, without warnings or explanations. You cannot convert money into other electronic currencies.

What is PayPal and how to use it?

PayPal has a very simple interface. Before you start, you need to study the system in detail and register. Then link a real card to the virtual account. Many domestic sellers are expanding internationally, and in Europe they have been freely using this payment system for a long time, so the pressing issue remains the correct use of this device.

How to register with PayPal?

To create a PayPal wallet, you first need to go through the registration process. You only need to provide real information. Otherwise, there is a high probability that your account will be blocked in the future. Detailed instructions include the following:

  • indicate the country, select the interface language;
  • select the account type: corporate (for companies) or personal (for use by one person);
  • then enter all personal data;
  • Upon completion of registration, a confirmation email will be sent to you.

How to top up your PayPal account?

The second important question: how to top up PayPal. To avoid problems with replenishment, you need to link a credit card, then it will be easier to perform operations. You can top up with cash through the terminal; for this you will also need to create an . And then we link the virtual card to the account. So, there are two ways to get money into your personal account in the system:

  • transfer money from another PayPal account;
  • receive payment for goods or services offered.

How to withdraw money from PayPal?

A pressing issue for many post-Soviet countries has become the withdrawal of money from PayPal. There is a way to withdraw money through another person. For example, you need to withdraw money and buy him some goods. Then you make an exchange: he pays you in cash, and you pay for his goods in the store from your account. This method allows you not to spend a single extra penny. One of your relatives or friends will become your intermediary to receive money in this way. What is PayPal and what other withdrawal options are there?

  1. Withdraw money from the company's office. There are not so many such offices, so only some citizens will be so lucky, but in general, this is an ideal way with minimal commissions.
  2. Withdraw money to a bank card. To begin with, you will need to withdraw small amounts of money twice and wait a couple of days. Withdraw via or Qiwi. In this case, these wallets will act as intermediaries. The operations will be carried out faster, but you will have to pay a commission.

How to pay via PayPal?

Another important point of interest to users is how to pay via PayPal. If you need to buy an item in an online store, and this payment method is indicated there, then you just need to select it and enter your login and email address. The money will be withdrawn from the card linked to the account or from the balance on the virtual account itself. Payment fees are paid by the recipient, not the sender.

What PayPal is and what it is needed for is very clear. From all of the above, it turns out that this is a system for paying for purchases and services that contributes to the development of the economy in countries where it can be used to its fullest. The only drawback is the difficulties with withdrawing money in the post-Soviet space. Technologies are developing and, most likely, in another couple of years, and anywhere on Earth it will become possible to fully use the capabilities of the system. In any case, using such a service is convenient and profitable.

Paying through PayPal for purchases in foreign stores protects you 100% from scammers. You can be sure that the money will not go elsewhere, and you will be left without goods. Customer purchases are protected in such a way that until the buyer confirms receipt of the goods, money is not credited to the seller's account. In case of incidents, the buyer receives his money back. The company is registered in the states as a money transfer company. It carries out all banking operations and is subject to a unified taxation system, and its work is regulated by all basic laws.

As you know, today, the global web is ready to offer many users an excellent chance to earn decent money, so, as statistics show, many do not want to miss this chance. But in order to start earning money, naturally, this process must be approached comprehensively and responsibly, and you definitely cannot do without a virtual electronic wallet, where the money will begin to flow.

Payment systemsPayPal. Features, advantages, disadvantages

Now you must understand that when earning money or making purchases online, in any case, you will need to use paypal transfer, because this is a necessity. Please note that the payment system is foreign, but this does not mean that it is unknown in our country, it is especially popular, which is important.

This is explained by the fact that it is really convenient to use, for example, to pay for purchases that are actively made by users via the Internet. It is important to add that such a payment system is ideal for that category of people who cannot live without traveling and vacationing, since with its help it is possible to make payments with great ease in the countries of America and Europe, respectively.

To create a PayPal wallet, you will need to go to the payment system website, and then register, making sure for yourself that there is nothing complicated about it. If the English version opens in front of you, then you need to click on the checkbox, selecting the Russian language, everything is easy and simple.

First of all, I would like to note that this system is reliable, easy to use, in addition, you can withdraw money to the card with great ease, you will also be pleased with the insignificant, small commission for transactions, which is especially pleasing.

As already mentioned, you can create a wallet without much difficulty, making sure that this system is really popular all over the world where there is the Internet. As for the shortcomings of the system, you should know that there are not many of them, but still, some people have found them, for example, users claim that money is withdrawn to the card only in national currency, in addition, there are regular complaints that the system has deceived users , or closed the account completely.

So, carefully study all the pros and cons of the PayPal payment system in order to make a smart, right decision.

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All areas and industries must have their own leader. It is he who demonstrates by his example the correctness of the chosen direction and the optimal combination of important advantages. Among operators of electronic payment systems, such a leader today is PayPal.

What is PayPal?

PayPal is an electronic payment system with which you can make purchases, pay bills, and accept transfers.
for any other currency on our website.

When was PayPal founded? Who is its owner?

The company of the same name was founded in 2000. To create it, it was necessary to merge two other companies - X.COM and Confinity. 24 employees of the newly formed company became the first clients of PayPal Inc. The convenience of electronic payments, the speed of transactions and loyal conditions for newly connected clients in just a few months allowed us to attract hundreds of thousands of new users to the system. And the start of servicing the already popular eBay auction predetermined the future success of the service.

The record growth in popularity of this payment system led to the fact that already in 2002 the owner of PayPal Inc. became the eBay company.

Where does PayPal stand today?

In which currencies can you make money transactions with PayPal?

PayPal offers payments in 26 types of national currencies.

Among the most popular: euro and US dollar, pound sterling and Japanese yen, Canadian dollar, Swiss franc, shekels, Mexican and Philippine pesos, Hong Kong and Singapore dollars, Thai baht and Russian rubles.

What are the commissions in the system?

Commissions for countries of the former Soviet Union differ in amounts.

Anyone can become a client of the PayPal payment system. And you don’t need any special knowledge or documents for this.

The registration process in the system is step by step as follows: - on the main page of the official PayPal website you need to go to the “Sign Up” form;

- indicate your country of residence;

- select “Personal” account type;

- fill in all the proposed fields;

- confirm your consent by ticking the appropriate box;

We can talk about the huge number of advantages of the system based on its popularity in the world. PayPal users see the following points as the most important for themselves: - an excellent level of financial protection;

- record prevalence - thanks to PayPal you can use your own electronic account in almost any country in the world;

- high speed of operations;

- simplicity and accessibility of the Russified interface, which any computer and Internet user can work with;



 

- the ability to conduct transactions with the account using a mobile phone;