It is an electronic payment system with the longest history of existence and the largest number of users worldwide. Nine out of ten online stores make payments exclusively through PayPal.

PayPal's electronic payment system links a virtual account to a credit card or bank account - it is the only system that actually transfers money, not electronic payment units.

The basic principle of this system is safety. The system guarantees the safety of accounts, but creates a lot of inconveniences for users because the slightest suspicion of unfair actions of the client causes instant blocking of the account.

Payment system history

The world's oldest electronic payment system was founded in 1998 in the United States by economist Peter Thiel, entrepreneur Luc Nosek and Russian-born programmer Max Levchin.

Confinity was created to deliver remittances through mobile devices... The market demand for such a product was colossal and Confinity immediately received a huge investment of about US $ 4.5 million from Nokia Ventures and Deutsche Bank.

In 1999, Confinity merged with X.com, an Internet financial services company. The new name of the company is PayPal Ink.

The official PayPal website started working with clients in February 2000. The Internet is booming, there are many paid services and virtual stores. The electronic payment system attracts huge investments - $ 23 million. Already in June of the same year, PayPal has 1.5 million customers and a daily turnover of US $ 2 million per day. It is also important to understand

In February 2002, the corporation issues shares on the US securities market for a total of $ 900 million.

In October 2002, eBay Inc acquired the payment system for $ 1.5 billion.

PayPal today

Today PayPal is the world's largest electronic payment system; in 2006, transactions in the amount of 11 billion US dollars were made in the system - it currently has no competitors.

• 9/10 of all online stores make their payments via PayPal.
• PayPal has over 20 different nominations, including Best Financial Website (2006) and UK's Most Popular Financial Portal (2009).
• PayPal covers 190 countries. The peculiarity of the system is that in each country the services of the payment system are different. The entire range of EPS services is available only to users from the USA, Western Europe, Canada, China and Australia.
• In 2007, payment system services became available to clients from the CIS countries: Russia, Armenia, Kazakhstan, Azerbaijan and Ukraine.
• The company's website offers customers a choice of languages: English, Chinese, Spanish, French and Russian.

Payment currencies in PayPal

At the time the company was founded, payments in the system were carried out only in USD-dollars. Today, payments in the system are made in a wide range of currencies: euro, Canadian, New Zealand, Singaporean and Australian dollar, pound sterling, yen, yuan, Czech, Danish and Norwegian krone, Polish zloty, Swiss franc, etc. dozens of different ways, but only a few are available in Russia so far.

What is the financial activity of this system?

The PayPal customer binds a bank account or card to an electronic identifier - this is his email address. After registering in the system, the client can make electronic payments.

The minimum amount for a transaction in this payment system is $ 1. Clients of the system from the CIS countries can have a limited amount of not more than 500 US dollars on their accounts.

PayPal users in America can instantly send money to PayPal via SMS. This service will soon be available worldwide.

PayPal is the only one in the world that deals with real "real" money, so the security system instantly reacts to the slightest violation of the rules for transferring funds.

The funds that the client enters into the payment system are deposited in the accounts of Wells Fargo Bank. Insurance company SafeWeb Insurance insures the risk of clients for withdrawals from an account without authorization over 100 thousand USD-dollars.

The administration of the payment system recognizes as trustworthy only verified client accounts when all bank account details are entered in full. Such accounts have minimal restrictions on the part of PayPal's security service, which regularly blocks suspicious accounts.

This system even has its own Wall of Shame on the network, where users of the system share their indignation at the actions of the security service to freeze accounts.

PayPal services and accounts

1. Electronic payment (sending). Transfer of funds from a personal PayPal account, bank or card account verified in the system.
2. Request to debtors to transfer funds. The user sends letters to debtors in which he calls for payment.
3. Placement of payment instruments on the website. The service is available to owners of Premier and Business accounts.
4. Auction payments.

• an automated mailing list that asks for a payment;
• you can pay with PayPal for purchases made in online auctions.

The electronic payment system offers its customers a choice of three types of accounts.

1. Personal account... Account for personal use - transfers to relatives, clients, payment for purchases only within the system. The limited invoice amount is $ 500 per month. An unverified account opened in Russia or Ukraine is limited to $ 100 per month. An account opened in the USA has no restrictions.
2. Premier account... Designed for the turnover of amounts exceeding the personal account limit. Allows you to pay PayPal to your account from credit cards, it is possible to integrate the account with the site.
3. Business account (Business)... Opens for the implementation of financial activities of companies. Has the details of the company, its logo and functions on its behalf. To open a business account, a company must have a taxpayer registration number.

Russians use a limited set of services of this system:

1. Making electronic payments via PayPal from bank and card accounts.
2. Acceptance of payments - the service is available only from 2011. Amounts received in an electronic PayPal account cannot be withdrawn to a bank account or card. The money can only be spent to pay for Internet purchases.

Payments are made in rubles, all information is in Russian-language format.

To become a client of the PayPal electronic payment system, it is enough to go through a simple registration procedure in the system. The email address will become the identifier.

The security system requires the introduction of complete information about the client. Verification of the account in the system is carried out only after the complete introduction of all information about the account. At the time of verification, an amount of about $ 3 must be present on the card - a membership fee for verification of $ 1.95 and a symbolic amount of $ 1, which will be returned after registering an account in the system.

In Russia, there is a service - the sale of a virtual Paypal card with a certain amount on the account, for example, in the QIWI terminals. Such a card does not require entering personal account data into the system. It is not recommended to keep large amounts on such a card - unverified card data are quickly calculated and blocked by the Paypal security system. In this case, it will be impossible to receive the money remaining on the card.

Advantages and Disadvantages of PayPal

The main advantages of the system are:

• reliability and high level security;
• ubiquitous prevalence;
• ease of use - the identifier is the email address;
• quick and easy calculations;
• the system withdraws money directly from a bank (or card) account.

Disadvantages:

1. System users in Russia and the CIS countries have limited limit personal account - about USD 500. From the range of services of the system, only payments within the system and payments for online purchases are actually available.
2. The money in the accounts of the system is not converted into electronic currencies.
3. The security system has the unlimited right to block electronic accounts.

So, let's summarize and highlight the basic principles of this system:

1. PayPal is an electronic payment system.
2. This system is the oldest and most widespread in the world.
3. System users have the opportunity to make money payments directly from their bank account linked to their account in the PayPal payment system. The system transfers real money, not electronic counterparts. The funds are kept in the bank.
4. 9 out of 10 online stores around the world make payments using PayPal. The system is distributed in 190 countries.
5. Russian users of the system (like most of the CIS countries) through PayPal can only make payments within the system and in online stores. The amount on the account is limited to USD 500.

The brainchild of Ilona Mask, partner of the largest trading platforms(eBay, Asos, Airbnb, Netflix, Spotify, Ozon.ru, Rambler.Kassa), a service used by over 200 million people in over 200 countries. The experts of this payment platform answered 8 important questions, told what are the main differences between the service and why you can trust it.

If I want to buy an iPhone from an online store, but I feel a catch, will PayPal back me up?

The very presence of the PayPal button on the website of an online store is a certain indicator of the quality and conscientiousness of the seller.

If you bought an iPhone through PayPal, but it turns out to be broken or fake, the support team will try to resolve the conflict. When the buyer is dissatisfied with the quality of the product, he can contact the seller through a special form or write and even call him. If the seller does not agree, you can open a dispute within 180 calendar days from the date of the payment. If the dispute cannot be resolved, you can translate the dispute into a claim. This can be done within 20 calendar days from the date the dispute was opened. As a result, if you prove that the seller cheated you, you can appeal the transaction and get your money back.

To make money on a new iPhone, you have to take a part-time job. Can I receive money through PayPal as a freelancer and be sure that I will not be scammed?

PayPal strives to minimize the financial risk of people selling their services through the Merchant Protection Program. It applies to both tangible goods - that is, clothing, electronics, toys, auto parts, and intangible ones. If you earn extra money by writing texts, developing websites or conducting online master classes, then the PayPal platform can be your assistant. Create an account and accept payment for your work through it. In the event of a dispute, a letter sent with a completed order may become proof of the service you have provided.

Is it difficult to withdraw money from PayPal and turn it into cash?

It’s very simple. You just need to link your bank account to your PayPal account via Personal Area PayPal. When withdrawing funds, the money is credited to the account within 4-5 business days. The main thing is that the bank account should be in rubles.

Is PayPal Free? And then how does the company make money?

Individuals who shop online use PayPal for free. And the company's main source of income is the commission that it takes from stores for each online transaction, as well as commission for personal transfers from a linked bank card, or when sending international personal payments.

What else can PayPal do?

Another handy function is One touch- Allows you to shop faster and avoid multiple PayPal data entry without compromising security. Today it is available on desktops, but it is being actively developed on mobile devices.

PayPal also has a free return service. You can use it to return the item to the seller and refund the return shipping costs. It is valid for purchases around the world when the goods are sent by any delivery services, and the return costs are covered within 1,500 rubles.

Can hackers hack my PayPal account?

In the event that PayPal specialists see unusual activity in your account, they can block the account until the circumstances are clarified. In doing so, they usually contact the account holder directly and ask to confirm the dubious transaction. The likelihood of fraudsters gaining access to your PayPal account is extremely low.

Speaking of phishing, PayPal advises users to follow standard Internet security rules: when receiving an email, make sure that the sender is who they claim to be, do not follow links in suspicious messages, never give your password to anyone and tell about suspicious cases at [email protected]

What safety rules should I follow?

Be wary of everyone emails that you receive. Attackers will try to deceive you, but they are given details - addresses that differ from the originals by a couple of letters, grammatical errors, and the like. Be vigilant if the letter contains a sentence that sounds too good to be true.

In contact with

All spheres and industries have their own leader. It is he who, by his example, demonstrates the correctness of the chosen direction and the optimal combination of important advantages. Today PayPal is such a leader among the operators of electronic payment systems.

What is PayPal?

PayPal is an electronic payment system with which you can make purchases, pay bills, and accept transfers.
for any other currency you can on our website.

When was PayPal founded? Who is its owner?

The company of the same name was founded in 2000. To create it, it was necessary to merge two other companies - X.COM and Confinity. 24 employees of the newly formed company and became the first customers of PayPal Inc. The convenience of electronic payments, the speed of transactions and loyal conditions for newly connected customers in just a few months allowed to attract hundreds of thousands of new users to the system. And the beginning of the service of the then popular eBay auction predetermined the future success of the service. Record growth in popularity of this payment system led to the fact that in 2002 the owner of PayPal Inc. became the eBay company.

Where is PayPal today?

PayPal is currently represented in more than two hundred countries, and the system itself has over 137 million registered users.

What currencies can I use for PayPal transactions?

PayPal offers to make payments in 26 types of national currencies. Among the most popular are: Euro and US dollar, pound sterling and Japanese yen, Canadian dollar, Swiss franc, shekels, Mexican and Philippine pesos, Hong Kong and Singapore dollars, Thai baht and Russian rubles.

What are the commissions in the system?

Commissions for the countries of the former Soviet Union differ in amounts. When making internal PayPal dollar transfers from Ukraine, Belarus and Moldova, 3.4% plus 0.3 c.u. are deducted from users. In Russia, transfers in dollars, like other foreign currencies, are prohibited. Russian commission for internal transfers is 3.9% plus 10 rubles. When transferring funds abroad, the commission is from 0.4 to 1.5% and depends on the specific country where the payment is sent. The operation of transferring funds abroad from a Russian bank card costs users an additional 3.4% plus 10 rubles. Receiving currency funds from abroad and sending them to other countries is allowed for users of all countries - Russia, Ukraine, Belarus and Moldova. Commissions are provided for recipients as well. Thus, Russian sellers (recipients of payment) are forced to pay from 2.9 to 3.9% plus 10 rubles for each transaction. More detailed conditions commissions for recipients are described on the official PayPal website. For Ukrainian users, payment for purchases on the Internet remains free, and for sellers, from 2.4% to 3.4%, plus 0.3 US dollars, is deducted from each operation. Payments by bank card in personal payments in Ukraine costs 3.4% plus 0.3 US dollars. In this case, the commission can be paid by both the recipient and the sender.

Who can use PayPal?

Anyone can become a client of the PayPal payment system. And this does not require any special knowledge or documents. The registration process in the system looks like this step by step: - on home page the official PayPal website, you need to go to the "Sign Up" form; - indicate the country of residence; - select "Personal" account type; - fill in all the proposed fields; - confirm your consent by ticking the appropriate field; - enter the details of the personal credit card from which payments will be made (if it is absent, this step can be skipped); - follow the link that will come to the one you specified during registration email; - confirm your credit card by going to the corresponding link on the website (this step will charge $ 1.95 from your card). After that, a small amount will be credited to your card, and a four-digit number will be indicated in the additions to the transfer. You will need to enter it on PayPal.com. Please note that a test transfer from PayPal may not be performed immediately, but within the next few days.

Are there any restrictions on PayPal?

Of course, a number of restrictions apply to all PayPal customers. But there are special conditions and depending on the country. So, in Russia, the following restrictions have been in effect for anonymous payments recently: - anonymous users cannot withdraw money; - cannot carry out transfers for a total amount of over 40 thousand rubles per month; - the amount of a one-time transfer should not exceed 15 thousand rubles. Users who passed simple check identification, they can make transactions in the amount of up to 200 thousand rubles per month, and for identified clients there is an opportunity to withdraw up to 5 thousand US dollars from the account every day. Withdrawal of funds from a PayPal account in Ukraine can be carried out not in cash, but by paying for goods and services around the world - at auctions, in online stores, to pay for communications, the Internet.

Does PayPal have any downsides?

The disadvantages of the PayPal system can be considered: - the ability to block an account without explaining the reasons (of course, blocking can be challenged, but this will take time); - the impossibility of converting currencies (for example, from the ruble to dollars, from dollars to pounds sterling, and so on); - significant restrictions for users from the countries of the former USSR (however, this drawback refers, rather, to the legislation of these countries).

What are the benefits of PayPal?

A huge number of advantages of the system can be said based on its popularity in the world. The most important for themselves, PayPal users see the following points: - excellent level of financial protection; - Record prevalence - thanks to PayPal, you can use your own electronic account in almost any country in the world; - high speed of operations; - simplicity and accessibility of the russified interface, which any computer and Internet user can work with; - the ability to conduct transactions with the account using a mobile; - thorough verification of sellers as additional protection from fraud.

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Konstantin

It is impossible to convert funds, but it is possible to transfer from a ruble wallet to a dollar wallet without a commission, according to Paypal tariffs, that is, if you transfer 1 dollar from a ruble account to a dollar account, then rubles will be debited, and dollars will come, and if you withdraw dollars to ruble card, then they are automatically converted into rubles at the rate of your bank.

As you know, today, the global web is ready to offer many users a great chance to earn decent cash Thus, as statistics show, many do not want to miss this chance. But in order to start earning, of course, this process should be approached comprehensively and responsibly and without a virtual electronic wallet, where the money will begin to flow, you definitely cannot do it.

Payment systemsPayPal... Features, advantages, disadvantages

Now you should understand that making money, or making purchases on the network, in any case, you will need to use paypal transfer, because this is a necessity. Please note that the payment system is foreign, but this does not mean that it is unknown in our country, it is very popular, which is important.

This is due to the fact that it is really convenient to use it, for example, to pay for purchases that are actively made by users via the Internet. It is important to add that such a payment system is ideal for that category of people who cannot live without travel, recreation, since with its help it is possible to make payments with particular ease in the countries of America and Europe, respectively.

To create a PayPal wallet, you need to go to the website of the payment system, and then register, making sure personally that there is nothing complicated about it. In the event that the English version has opened in front of you, then you need to click on the checkbox, choosing the Russian language, everything is easy and simple.

First of all, I would like to note that this system is reliable, easy to use, in addition, you can withdraw money to the card with particular ease, you will also be pleased with the insignificant, small commission for transactions, which is especially pleasing.

As already mentioned, you can create a wallet without much difficulty, making sure that really this system popular all over the world where there is Internet. As for the shortcomings of the system, you should know that there are not very many of them, but still, some people found them, for example, users claim that the withdrawal of money to the card occurs only in national currency, in addition, there are regular complaints that the system has deceived users , or, completely closed the account.

So, carefully study all the pros and cons of the PayPal payment system in order to make an intelligent, correct decision.