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PayPal

2016-06-28 00:00:00

PayPal is ranked among the most popular electronic payment systems. It is used by citizens of many countries. However, it cannot be said that this payment system is available in all states. Analysts distinguish between three levels of PayPal accessibility . The degree of accessibility depends on where the user lives.

  • Level 1 provides for a wide range of possibilities: EPS customers can conduct all financial transactions;
  • at level 2, the possibilities are somewhat limited: users can only make money transfers (receive and send money);
  • Level 3 only allows you to pay for goods or services.

In some countries, PayPal does not officially work, however, during registration, the user can cheat a little and indicate one of the states where the payment system operates legally, for example, Russia.

 

About the main features of the PayPal EPS

PayPal has certain advantages over similar servers. Due to the wide popularity of payment systems, system customers have almost unlimited possibilities: PayPal money is accepted in almost all virtual outlets and auctions.

This payment system is easy to use. The interface is intuitive (even a person who does not have special Internet skills can figure it out) and is available in many languages of the world, including Russian. The user can create a financial transaction template. Bank card details are stored in the "memory" of the system.

The payment system works very quickly: all payments are made within a few minutes. If the accounts of the sender and the recipient are opened in different currencies, then the conversion is carried out automatically.

For registration and maintenance of a personal account, customers pay nothing. Transferring money to a PayPal account is also free of charge (a commission for a transaction, conversion or transfer of funds from one country to another may be taken by the financial institution in which the bank account was opened).

 

What do you need to work in PayPal ?

To conduct financial transactions through this server, users must issue one of these cards: Mastercard Standard , VISA Classic , American express . At the same time, funds must be credited to the card account - at least three conventional units. This amount will be needed to authorize the card. Visa payment document Electron won't work.

During registration, the system will ask for an email address. It must be active. A link will be sent to your email to confirm your registration. It is better to use a service with a two-level authorization system.

Make sure that the types of currencies on the card and in the PayPal payment are identical. This will avoid conversion losses.

All transactions on the service are carried out by credit cards, therefore, regardless of the amount that is on the account, the balance in the EPS will be zero. Work in PayPal is carried out in this way: first, the card account is replenished, and then payment for goods or services is made through an electronic payment system.

 

How to register in the PayPal EPS ?

In order to become a PayPal user , you must register in the system. You can do this on the official website of the company www.paypal.com . On the main page (at the very top) is the Sign key Up ("registration"). You need to select the state and interface language. The next step is to determine the status. For the CIS countries, only "sales and purchases on the Internet" and "for individuals" are available. Click the button " Open a PayPal account ".

A registration form will open in front of you - you need to fill it out. In special columns, you should enter an e-mail (required when logging in), password (it is better to choose complex codes consisting of letters and numbers), last name, first name and patronymic (in full), residential address, mobile number (used if there will be problems with transactions or e-account), date of birth. All data must be provided in English.

At the next stage, you need to familiarize yourself with the rules for working in the system and accept them by pressing the “Agree, open an account” button.

Next, another form opens, which also needs to be filled out. Here you should indicate the card number, the day, month and year when the card will expire, as well as a number consisting of 3 (in some cases 4) digits - this number is indicated on the back of the card.

 

Email address verification

After all the registration steps have been completed, an e-mail will be sent with a link to confirm the e-mail address. The message must be activated by clicking on the link ("Click to activate the account"). By clicking the mouse button, you will go to one of the pages of the site. The system will ask you to enter the password you chose when opening your account.

It is also possible to confirm an e-mail in a personal account. To do this, click on the link "Confirm e-mail address" (the link can be found in the "List of tasks" section) and enter the confirmation code specified in the notification.

 

Payment card verification procedure

It is desirable that bank cards linked to PayPal be verified (checked by the system). This is essential for smooth operation. In addition, bank card verification is a guarantee of the user's financial security. This procedure allows you to confirm that the holder of the payment document is a specific person. Verification will allow you to raise the limits: you will be able to make financial transactions for larger amounts than users with unverified cards.

The procedure for checking a bank card is simple. About 2 dollars will be withdrawn from the account (the money will be returned a little later). After the payment is made, a payment receipt will appear in the transaction archive, in which a 4-digit code is indicated - it must be entered in a special field on the payment system website. You can find out the code by phone, by calling the banking customer support center, online through Internet banking or from the card account transaction statement.

It is better to go through the card verification procedure immediately after registering in the system. If this is not done, then the possibilities of working in a payment system will be minimized, for example, strict restrictions on the amount of cash flow.

What will verification give?

  • limit increase;
  • the ability to accept payments from all PayPal users ;
  • verified accounts are blocked only in the most extreme cases.

 

Credit cards from PayPal

EPS PayPal offers cards that users can use to receive credit. Cards are issued quite quickly (it will take one and a half to two months to make). You can replenish the balance everywhere, even in the most remote regions of the country. The card issuer is the international payment system MasterCard .

PayPal credit card is free of charge. The company offers credit cards with various amounts. However, the cards of this EPS have their drawbacks. One of them is high interest rates. For using the loan, the client will have to pay about 60% per annum.

However, this problem is completely solvable: a card of some domestic banks, for example, the main financial organization in Russia, Sberbank, can be linked to the payment system. Domestic Bank offers its customers a wide range of payment documents that can be synchronized with the PayPal system . This is the best option: here the percentages are lower, and there are more opportunities.

Most users make their choice on a credit card from Sberbank Molodezhnaya. The client receives a decent amount (150,000 Russian rubles), and the interest rate is more than 2 times lower than that of foreign creditors - only 24% per annum. Moreover, the cardholder can use credit funds for 50 days and not pay interest.

It is worth paying attention to American credit cards. Express from Russian Standard Bank. They also sync with PayPal . The conditions for these credit cards are quite acceptable for Russian citizens.

Convenient for working with PayPal and virtual cards. True, the payment system does not issue its own documents of a similar type. But you can link an online card of another bank or electronic payment service to the EPS. With the help of a virtual card, you can make purchases in online stores (both domestic and foreign).

 

Tariffs

  • Conversion in the pair Russian ruble / US dollar - 3.4% +0.30 dollars;
  • payments within Russia - 3.9% + 10 Russian rubles;
  • automatic conversion - 2.5%;
  • withdrawal of Russian rubles to a bank account - free of charge.