PayPal payment system is one of the leading in the international market. The largest foreign online stores accept payment through it, and in the last few years it has officially entrenched in Russia. Next, we will analyze how work is carried out between the two payment giants PayPal and Yandex.Money.
Is it possible to replenish PayPal with Yandex.Money?
It should be noted right away that the recharge operation will not work directly, as integration between services is not provided. But there is a workaround to replenish with Yandex.Money PayPal, which is very popular among users of both systems. Through a personal account of Yandex.Money service, you need to create a virtual card (the balance of the electronic wallet and virtual card are the same) and link it to the PayPal payment system in the same way as a regular bank card. Making a virtual card is instant.
Creating a Yandex.Money virtual card
To order a card you need:
- Log in / register on the official Yandex.Money portal.
- Go to the "Wallet Management" tab.
- Go to the "Bank Cards" section.
- The item "Virtual Card".
- Press the “Release” key.
- The card is ready.
After the virtual card is created, an SMS message with the card number, validity period and CVC code will be sent to the user's phone. Now you can attach a Yandex.Money virtual card to your PayPal account.
Linking Yandex.Money card to PayPal
In order to link a bank card to PayPal, you must perform the following steps:
1. On the main page, find the "Account" section and go to it.
2. Click on the Add Bank Card icon.
3. At this stage, it is required to fill out the registration form indicating the personal information of the card holder:
- type of bank card;
- number;
- card validity period indicated on the front side;
- security code located on the back side next to the magnetic strip.
4. Select an account verification method.
5. A window will appear for additional verification of the entered information and selection of the confirmed card. Before clicking on the “Continue” button, make sure that there are at least five dollars in the account, because PayPal writes off the conditional amount to confirm the card (it will be returned later). If there are funds on the card, click "Next."
6. After that, a window will appear in which you want to enter the verification code from the SMS message or letter sent to the user's email.
7. The virtual card is attached.
Transfer from PayPal to Yandex.Money
There is no direct withdrawal of funds either: this is due to the fact that the Yandex.Money system does not cooperate with foreign organizations. But due to the fact that both services are very popular among users, a way out of the situation was found. There are several possibilities to transfer earned funds from PayPal to Yandex.Money:
- using the Yandex.Money card;
- online exchangers;
- in transit.
Bank card
You can transfer money to both a virtual and a plastic Yandex.Money card. If you haven’t opened it yet, you can place it in your Yandex user account. When the card is ready, it should be linked to the PayPal account according to the scheme described above.
To transfer to a linked Yandex.Money card:
- Go to the "Account" section.
- Press the "Withdraw funds" key and select the linked card.
- Money successfully withdrawn.
The minimum transfer amount is $ 10. The withdrawal period is from 2 to 7 days.
Exchange Services
If the user does not have a bank card, then you can transfer money from PayPal to Yandex.Money using online exchangers. They are intended for the exchange of funds of various payment systems. Consider the BestChange website as an example:
- Go to the website.
- On the main page you need to choose where and where you are going to transfer funds.
- Next, you should choose the exchange rate suitable for you (the table is located on the right).
- After that, you will be automatically transferred to the page where you need to specify account numbers.
- Confirm the operation.
In addition to the specified site, there are many similar resources that will help you in choosing the best online exchanger.
The dates for different categories of users are different: new customers will be able to receive a transfer in the amount of $ 15 to $ 50 in 1-2 days, an amount of more than 2 thousand dollars will be credited to the account within 46 days. Time for regular customers is reduced to 12 hours.
In transit
The next effective way to withdraw money from PayPal through Yandex.Money is to transfer in transit through any other payment systems. Transfers made in this way are the most disadvantageous due to the payment of additional fees. But at the same time it is quite convenient and simple, especially for those who are not available to other ways.
For the transit system, you can use any service available for working with PayPal and Yandex.Money". Suppose we are working with a Sberbank card. To translate, follow these steps:
- Link a Sberbank bank card to your PayPal account.
- Transfer the necessary amount to it.
- The terms of the transfer are individual and depend on the payment system you have chosen.
What is more profitable
Summing up, we can say that it is most profitable to carry out financial transactions for crediting and withdrawing funds between Yandex.Money and PayPal using an attached bank card. When using this method, commission fees are not charged at all. When transferring funds through online exchangers, the size of the commission starts from 320 rubles. It is completely unprofitable to carry out financial transactions through several payment systems, because interest is paid for each operation.