PayPal Allows Ukrainian Accounts to Send and Receive Money.
PayPal said it is permitting the War-facing Ukrainian accounts to use the payment gateway option either by sending money or receiving it from their relatives, families, and known. The payment can be received and sent all over the world by just linking their debit/credit cards like Visa to their gateway ID.
Highlights
- PayPal wrote a letter on 17 March to Ukraine’s Minister.
- PayPal is expanding its services for Ukrainian accounts.
- Ukrainians can use their PayPal accounts to credit and debit cards.
Also Read: Ukraine Now Launched a Website to Accept Cryptocurrency Donations.
Technology Companies where banning the Russian Ties with it, on the same plane they are helping Ukraine to make their life at ease. Several tech giants companies like Netflix, Apple, and Google imposed sanctions and restrictions on Russia, banned their services to Russia, now PayPal also showed its presence in the current situation of Russia- Ukraine War.
PayPal announced in a letter to Ukraine Minister of Digital Transformation sent on 17th March that told about the expansion of its services for Ukrainians that will enable them to send and receive money from any part of the world to their relatives, families, and friends.
The giant Payments Company says Ukrainians now will be able to transfer money from their PayPal accounts to their credit and debit cards as well as to external bank accounts by linking an eligible Visa or Master Card or credit card.
The letter can be read as “we believe this service will be helpful for people in Ukraine to receive money from their friends and relatives around the world,” the company wrote in a letter given to the Ukrainian Digital Transformation Minister Mykhailo Fedorov.
Adding more “it will also help Ukrainian refugees in other countries, so they can receive money to use or withdraw in their current location.”
The company also alleviates the charges for both sending and receiving money, for both senders and recipients. The changes also applied to platforms like Xoom. The users can send and receive the currency in the form of Euros, US dollars, Canadian dollars, and British pounds. The company also said in a blog post, the service is available till the end of June.
Also Read: Ukraine Usages Clearview AI Facial Recognition Technology to Identify Russians Death