PAYPAL in Ukraine: how to accept and withdraw money?

Despite the fact that there are many financial organizations in Ukraine, not all are ready to offer such a wide range of services that you don’t have to look for additional tools and payment systems. For those who do not have enough basic options when opening bank accounts, an alternative option is offered - PAYPAL - this is an electronic payment system through which it is easy to make absolutely any international transfers.

PayPal is an American company created over 25 years ago. Today it is difficult to overestimate its popularity, since the services of this payment service are already used by more than 100 million people around the world. High efficiency in solving all financial problems is observed when using PAYPAL for individuals and businesses. Market coverage in more than 200 countries, 26 different currencies - that's what PAYPAL is. Despite the fact that initially the service did not charge transaction fees, and today they are still provided for, this platform steadily holds a leading position among all existing similar options in different countries.

Main features of PAYPAL

Before deciding how to top up PAYPAL, how to get money on PAYPAL, you need to study general information about the service, functions, pros, cons, commissions and other conditions.

What is PAYPAL and how does it work?

From a technical point of view, it is easy to understand PAYPAL - what it is. PayPal is an online platform where you can create an electronic wallet for receiving and sending money in different currencies.

The company not only launched a functional service, but also pays great attention to security. It was on this service that an innovative method of protecting payments through captcha was first introduced, which eventually began to be used for other purposes on various resources.

Convenience and comfort of users is always a priority. There are several ways to use PAYPAL:

• mobile app;

• web version.

Moreover, the mobile application is developed for compact digital devices on different operating systems (Android, iOS).

It’s not difficult to understand how PAYPAL works in Ukraine, how to accept and withdraw money. It is enough to create a personal account in the system and, if necessary, link a bank card, which will be constantly used for financial payments.

Instructions on how to use PAYPAL begin with creating an account. To complete this procedure, you must adhere to the following sequence of actions:

• open the main page of the site or download the mobile application, click on the create an account button;

• decide on the type of account - there are several options to choose from, which determine the conditions, how to withdraw money from PAYPAL, how to top up PAYPAL from a card;

• enter your email address;

• indicate your phone number;

• confirm with access codes your desire to create an electronic wallet in this payment system.

On average, the whole process takes 2-3 minutes, after which you can immediately top up PAYPAL.

Advantages of using PAYPAL in Ukraine

The PayPal payment system is naturally so popular. This is due to the following advantages:

• global market coverage;

• ease of use of the service;

• high level of security;

• ease of integration into different resources;

• automatic conversion mode.

Separately, the simple and convenient interface is noted, with which there are no problems when you need to withdraw money from PAYPAL or make a payment to another user.

Accepting payments via PAYPAL in Ukraine

Before you fund your PAYPAL account, you need to understand the technical aspects of accepting payments. To seamlessly and instantly receive money transfers from any country, you need to synchronize your contacts on your device or add a user by finding him through a special search bar. Once your data is synchronized, selecting a recipient or invoicing via PAYPAL will be quick and easy.

Withdrawing funds from PAYPAL in Ukraine

The system offers several types of accounts, the functionality of which, in principle, does not change the algorithm for how to top up PayPal. The following options are offered:

• Buy now buttons - a function for one-time payments;

• Donate buttons - with this type of account it will not be possible to specify a delivery address, but you can force the payment amount to be set or leave it as default;

• Subscribe buttons are a special option to accept regular payments.

How to withdraw money from PayPal - indicate your account details, Visa or MasterCard bank card number, confirm the payment with a verification code.

Fees and exchange rates in PAYPAL

Initially, no commission was charged in the PayPal payment system. Today, a dynamic system for regulating the size of the commission has been developed, which depends on the following conditions:

• sender's country;

• recipient country;

• currency in which the payment is made.

The commission range is from 0.4% of the transaction amount to 4%.

Conclusion

PAYPAL is a functional and convenient payment service with high levels of security and reliability. The functionality of the platform provides ample opportunities for both individuals and businesses. Having a choice of several alternative options, users usually prefer PayPal, as they are confident in the reliability of this platform.