PayPal (Pay Pel) is the largest electronic payment system, which is a division of Ebay (USA). With the help of this system, you can receive and send electronic payments over the Internet by e-mail or mobile phone. An account created in the PayPal system is tied to a plastic card or bank account, which allows you to withdraw money without the participation of intermediaries.
PayPal money is real currency and is accepted by over 90% of the world's internet merchants. The account opened in the system makes it possible to make purchases in online stores, participate in online auctions. A big advantage of PayPal is the insurance of transactions from unreliable sellers: if the goods are not shipped, PayPal will return the money transferred to the supplier.
The PayPal system has a multi-currency platform and provides an established package of services for each country, depending on its status with restrictions and admissions. Until recently, the package of the Russian branch of PayPal included services only for depositing funds into an account and paying using the online purchase system. Most often, PayPal was used by Russian buyers for purchases on resources such as eBay or AliExpress.
However, the service of withdrawing the received funds from the system was not available to the Russians. But recently, Russia was given a higher status and the ability not only to pay for goods, but also to make transactions to withdraw funds from PayPal to a card.
Now in Russia, clients of the system can not only create a wallet and open an account, but also link a credit card and send payments. Registration, opening an account in the system, sending payments are free. Commissions are usually taken from the recipient of the money, the average percentage is 1.9% of the payment amount.
This percentage depends on the recipient country, account type, etc. Currency conversion is carried out using PayPal or the bank making the payment. PayPal commission for transactions with currency - 2.5%.
How to use PayPal in Russia: registering with PayPal
To start using PayPal, register in the system. This is a free service, no separate payments are required. There are two types of accounts: for individuals and for companies.
An account for individuals makes it possible to pay for goods without specifying the name of the company. A corporate account for companies will allow you to conduct transactions from a legal entity.
Select the option you want and click the "Open an account" button. You will need to enter a bank card number, personal data, come up with a password. When registering, you must indicate your official data, if there is an error or even a pseudonym in them, then when checked by the system, the account will be considered fake and blocked.
After selecting the country and user status, you will need to enter an e-mail address, password and postal address, and you will also need to link the card to Paypal. You can use the payment service only through an associated debit bank card, it must be opened in the name of the person who is registering.
It is to this card that you will subsequently withdraw money from the system. You need to enter its number, expiration date and code located on the back of the card. The account in the system is created automatically. The transaction note will contain a four-digit number, which is the key to activate your PayPal account. Enter this code and activate your account. After that, the system will start checking the card. In this case, a small amount of money ($ 1.95) will be blocked on the account. After the cardholder confirms that the withdrawal is made with his consent, the card is considered confirmed and the funds are returned to the bank account.
You can now make payments. Subsequently, the client will have the opportunity to move to the next payment level in the system.
Using Paypal: Paying for Purchases and Receiving Payments
After selecting purchases and receiving a page with a description of the product and methods of payment, click the "Pay with PayPal" button. Enter the email address and password used on the system. Click on the "Login" button. Confirm the purchase and the operation of debiting funds from the bank account.
The most convenient thing about this system is that the interface is as client-oriented as possible, it is really friendly. The simple design is intuitive, the required language is set during registration, so there is no difficulty for a Russian-speaking user without knowledge of English. Setting up PayPal allows you to send money in just a few clicks.
Top up your PayPal account
Separately in the system, you can transfer money to PayPal. The system connects to the linked card and takes the required amount from it. To send money to another user of the system, you only need his identifier, e-mail address. Take into account the peculiarity of the system: citizens of Russia can send money in mutual settlements only in rubles, with other countries the calculation will be in dollars or euros.
Money is transferred from the system to the card almost instantly. It is not necessary to register a commercial account to transfer money within the monthly withdrawal limit set by PayPal. This is only necessary if you are not within the limit and you need a large turnover of funds.
PayPal features: security and limits
The limit of the funds installed in the system that can be used depends on the level of the current verification of your account. If you use an unconfirmed account, you will be able to perform transactions in PayPal for up to 15 thousand rubles or its currency equivalent per day. The limit for the movement of funds on the account per month is 40 thousand rubles.
Such restrictions are imposed on users by the system for security reasons. To expand the limit, you need to complete the account verification procedure.
The system offers two types of verification:
- Simplified verification. After passing it, the cash turnover limit increases to 60 thousand rubles per day, and up to 200 thousand rubles per month.
- Full verification significantly expands the user's capabilities. There is an opportunity to transfer in a single payment up to 550 thousand rubles.
How to go through full account verification
To obtain the maximum possible financial freedom in the system, you must fully verify your identity. For complete identification, the PayPal user is required to provide the following up-to-date information:
- complete passport data;
- Telephone number;
- your choice of state registration number: TIN, insurance number of your personal bank account, number of the compulsory health insurance policy.
Paypal fees
When transferring funds, the PayPal service deducts a commission from the client's account, depending on the amount of the transferred amount. In order to avoid misunderstandings, the full amount of the payment, together with the commission, must be clarified before the transaction.
Without a commission in PayPal, you can pay for something in rubles within Russia or make a money transfer within the country if you use funds from your PayPal internal account for this. If the system takes funds for the transfer from a bank card, then a commission is charged in the amount of 3.4% of the transfer amount and an additional 10 rubles for each transaction.
When you withdraw funds abroad, you will be charged an additional commission. Depending on the country where you want to transfer money, the commission will be from 0.4 to 1.5%. The system has the ability to select the payer of the commission, it can be paid not by the sender, but by the recipient of the money. Before any transaction, the system will offer you to familiarize yourself with the order of current commission fees.
Additional guarantees for the security of transactions
PayPal provides for payment blocking until the buyer confirms receipt of the goods to ensure the security of customer accounts and in the fight against fraudulent schemes. Only after that, the seller is given access to the transferred funds. Most of the reviews on PayPal confirm the need for this approach. If the buyer does not receive the goods or there are claims to the goods, he can challenge the transaction within 45 days. The claim is reviewed by PayPal staff.
Withdraw money to PayPal
Today in Russia it is possible to withdraw money from the system to a bank card account. To do this, select the "Withdraw funds" item in the menu, the system will show the card linked to the account. The operation will take from 5 to 7 days, a notification is sent to the client's email.
