Electronic money appeared recently. Every day there are more and more opportunities for their use. The first and most active application systems were electronic payment systems. PayPal is considered one of the earliest, although it was not the first.
The owners of the resource, while no one really knew what PayPal is, decided to sell it to the eBay online auction. And it was a win-win option. After all, all purchases on eBay made through PayPal are not subject to an additional commission.
In addition, the payment system has developed one of the most effective principles of information security. Due to this, all payments made through PayPal are not only encrypted, but also insured in case of purchase of low-quality goods or goods that do not correspond to the expected type. In other words, if you do not like what the courier company delivered, you can not contact eBay. Just contact PayPal for a refund.
E-commerce in Russia
Electronic systems are not limited to a list of 10 companies that you may be aware of. Every year hundreds of electronic payment systems are born. The same amount every year does not withstand competition.
In Russia, over a decade and a half, only a few companies have stood the competition. Among them, the most popular were WebMoney, Yandex.Money and RBK Money. But their disadvantage is still the impossibility of paying bills of Chinese or American online stores. And if there is such an opportunity, then transactions are subject to large commissions.
PayPal entering the Russian market
Due to the fact that the system operates in more than 190 countries (which is 85% of all states and 95% of the world’s territories), it is international. The ability to convert and transact 24 currencies makes it unique.
Unfortunately, PayPal in Russia does not have a full package of services due to the recent entry into the market, namely in 2013. But due to the high demand in 2016, it is planned to sign an agreement for the supply of goods through the “Russian Post”, which will significantly reduce the cost of delivery and allow you to order medium as well as small batches of goods.
Advantages over programs available in the CIS
When choosing an electronic payment system, it is always worth first of all to pay attention to exactly what is the purpose of registration. If you just need to get paid for Internet activities, especially on Russian or CIS websites, then the already considered popular resources will be more than useful and convenient for you.
What is PayPal:
- Consumer protection and purchase insurance.
- An international system that allows you to make financial actions around the world with a minimum commission.
- PayPal money is official electronic money. Currency WebMoney - title units that can be equated to stocks and bonds. They have their own cost, but since no electronic debit system is approved in the CIS, except PayPal, only this company can give guarantees.
- The card and bank details are filled in only once, together with the CVV2 code. PayPal transfer does not require additional information, except for the confirmation of a one-time SMS password.
- Instant payment and withdrawal of funds.
Sign up for PayPal
In order to successfully make purchases, issue and pay bills, you need to create your PayPal wallet. To register, simply enter your Email and create a password.
In general, the entire authorization process is very similar to creating an account in WebMoney - even easier. Each step is accompanied by hints, and the web interface is concise and clear.
There will be no redirects, so all you need is a reliable email address. It does not matter where your mailbox is located, on Yandex on or Gmail - this will not affect the activation process.
Next, you need to determine which card to attach to the wallet. If your card is not supported by the system, which is very likely, then PayPal simply will not tie it to your wallet. If so, do not despair, because you can easily find a list of all the banks with which the system collaborates in your country. This list is constantly updated and updated.
If you prefer any bank, then take an interest in his nearest branch about plans for cooperation with electronic systems.
Making a purchase with PayPal
This system works as a support for so many Internet resources. For example: buying and selling goods in online stores, paying on international survey sites or receiving funds for the work done by a freelancer, and so on. If you have previously encountered payment through the Internet banking of your bank, then the same rules apply here.
An important difference is that to pay for any product you need to know not the account details or the card of the recipient, but just an email address. If you corresponded by Email, then before sending money, it is better to clarify the email address to which the recipient's PayPal account is linked. Do not forget about it!
A freelancer can be transferred to a PayPal account in a completely similar way.
Withdrawal of funds to an attached account
First of all, it is worth noting that according to the level of access to services, all countries and, accordingly, customers are divided into three types:
- full access to all functions;
- buying and selling through the system;
- only purchase (i.e. only payment).
If the first and second types allow you to cash out the money you earned, then in the third case it is possible to cash in kind, so to speak, that is, through the purchase of another product on eBay. All CIS countries, except Russia, can only make purchases and dispute the seller’s incorrectness in case of defective goods. That is, money can be spent and receive a refund either full or partial (depending on the conditions of purchase).
Since 2015, PayPal in Russia allows you to withdraw funds to your personal bank account with preliminary conversion, if this account is opened in rubles. Conversion occurs mainly from the euro or the US dollar.
How to tie an account
It’s worth mentioning right away that attaching an account and a card are two different possibilities. Usually the account holder has only one card, but there are cases when one of the spouses makes two cards in one account so that the other can use it. This is just a special case, but there is a need for separation, and PayPal fulfilled this condition in favor of customers.
As at the very beginning, when registering, when you indicated and confirmed your debit card, the same procedure must be carried out with the account of the second card. After all the relevant confirmations and test payments that are returned to your account, you can continue to work, transfer your funds to any other PayPal account or spend everything on a new collection of sports sneakers, for example.
Paypal here
Situations are completely different. A laptop can also not always be dragged along, but you need to work through the system. In order to transfer funds and make a purchase, there is absolutely no need to carry a computer with you. Just install PayPal Here on your phone.
What is PayPal Here? This is a program that can be downloaded from Google Play or the Apple Appstore to make instant payments. Since 2015, PayPal Here has released a special card reader that can be connected to the phone through the headphone jack.
Thus, the phone turns into a portable terminal.
Deviations while trying to snap a map
Earlier, you already managed to find out that there may be cases when the card is not suitable for registration in PayPal. The reasons for this may be different, and they will probably be reported to you from the bank by phone or statement.But the most common and primitive ones are, firstly, the limit on online purchases (most likely, it is zero, because during registration, in order to check the card account PayPal blocks $ 1, which then, of course, returns back), and in -second, the limit for online purchases may be exceeded.
Both the first and the second are solved in 5 minutes with one call to the technical support of your bank.
Paypal versus webmoney
You have already figured out what PayPal is: successfully passed registration, verification and other procedures. But before that, everything was done in the WebMoney system.
How possible is it to withdraw funds to PayPal with WebMoney and vice versa? The answer is very inspiring, because the circulation of funds between these systems is completely real in both directions. To do this, just create an appropriate application in WM Keeper for exchanging WebMoney title units for equivalent electronic currency in a PayPal wallet.
Application as usual will be processed within 24 hours. This is the only time that PayPal payment will take longer than a few minutes.
What can I buy with PayPal?
A system that covers the whole world simply has to be universal in all corners of the Internet. Unfortunately, many companies cannot afford such cooperation, because, in fact, PayPal is (was until 2015) the property of eBay, while its direct competitors are AliExpress and others. Therefore, many competing companies do not have the right to use this resource.
Despite this, a large number of ads registered on AliExpress offer an option such as PayPal payment. Since the company received independence from eBay only in 2015, it has not yet managed to acquire mass production on other resources. But, given the low survivability of any electronic payment system, the prospects for PayPal are even greater.
As previously reported, the prospect of PayPal in Russia and throughout the CIS is clear and cloudless. Entering the European market and approving the system at the legislative level as recommended for financial transactions only strengthened our positions and allowed us to develop work in the direction of the Near and Far East, as well as the vastness of the Russian Federation.
Following this, it is planned (in 2017) to update PayPal in Ukraine, Belarus and Kazakhstan. And consequently, such changes will entail the rapid development of medium and small businesses, which will lead to positive changes in the economy of the whole country.
Summarize
In this short article, we discussed in detail one of the most famous international payment systems that are constantly used in different countries of the world, including the Russian Federation, Ukraine, Belarus and the United States of America. Also, the article dealt with purchases made using this system, about the main problems that an inexperienced user might have, and about quick ways to solve such nuances. By the way, we also touched on the topic of special applications for various mobile phone operating systems, thanks to which you can use PayPal anytime, anywhere.
If you were looking for detailed information about the best international payment system in the world, you found it. The article presented to you contains information confirmed by official sources, including the official PayPal website.
