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Opening an account in PayPal payment system (USA)
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Paypal is a large international payment system created in the USA in 1998. Paypal serves more than 200 million customers around the world, providing convenient and simple functions for electronic payments, transfers and mass payouts. The company keeps up with the times, therefore it is loyal to the cryptocurrency and already provides unlimited operations with digital assets for users from the USA.
Today, residents of more than 200 countries of the world, including Ukraine, can use the services of the PayPal payment system from 2022. But it is worth remembering that each country has its own rules, tariffs and restrictions (check with our lawyers for detailed information).
- in Paypal it is possible to open a corporate account in dollars;
- Mastercard payment and virtual cards;
- different countries have different tariffs;
- conversion and payment of Bitcoin, Ethereum, Litecoin or Bitcoin Cash cryptocurrency via PayPal is available;
- Paypal is the main partner of global marketplaces, integrates online payments;
- payments in more than 100 currencies in more than 200 markets;
- personal accounts and withdrawal of funds are fully available for Ukrainians;
- temporarily there are no commissions for transfers for residents of Ukraine.
Paypal works with different categories of clients, ranging from individuals to international companies from around the world. Restrictions apply only to countries that are under sanctions.
Settlement and processing accounts.
Accounts in the Paypal payment system are opened remotely, registration and identification of the client takes place online through a personal account.
Please note that according to international account opening standards, each payment system is required to adhere to the KYC procedure, therefore it will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons. In order to avoid such negative consequences, please contact specialized lawyers for a preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in the American payment system PayPal.