PayPal is one of the largest payment systems in the world, second only to leaders like VISA and MASTERCARD. Founded in 1998 in the USA, it initially served as a money transfer system. In Ukraine, system officially started operating on March 17, 2022, amid the full-scale war.
Features of PayPal in Ukraine
Before officially launching in Ukraine in March 2022, PayPal existed here only in “send only” mode. Clients could create accounts, fund them from bank cards, and make payments in online stores.
Today, Ukrainians can access significantly more services, such as:
- Instant P2P transfers using card details, phone numbers, and even the recipient’s email.
- Withdrawing money to bank cards.
- Making payments in online stores.
Although the system supports over two dozen currencies, the Ukrainian hryvnia is not among them. This is advantageous for payments in foreign online stores, as the funds are automatically converted when withdrawn to Ukrainian cards.
Registration in PayPal in Ukraine
For many users in Ukraine, registering in PayPal has become an essential part of online payments and financial transactions. This service provides Ukrainians with the possibility of secure and convenient money transfers, online purchases, and receiving payments for services.
To start using PayPal, follow these steps:
- Visit the website.
- Find the registration button in the upper right corner (most sites place it there, so your hand will reach for it automatically).
- Fill out the simple form, providing your full name, country of residence, and email address.
- Enter your phone number and confirm it via SMS.
- Create a secure password.
- Provide your physical address with postal code and date of birth.
- Read (or at least glance at) the “User Agreement.”
- Link your bank card by entering the card number, expiration date, and CVV.
- Complete your first transaction in the system.
For added convenience, there is a mobile app. The payment system will offer to install it immediately after registration.
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How to Fund a PayPal Account in Ukraine
Once your PayPal account is created, funding it is a matter of seconds. Log into your account on a PC or smartphone and follow these steps:
- In the “Wallet” tab, find the “Add Money” button.
- Select the source of the funds, for example, a card.
- Enter the amount to add.
- Confirm the transaction.
Then, just wait for the funds to be credited.
How to Withdraw Money from PayPal in Ukraine
Withdrawing money is also straightforward. Log into your account and then:
- In the “Wallet” tab, find and select the “Withdraw Money” button.
- Choose the withdrawal method – card or bank account.
- Enter the amount to withdraw.
- Confirm the transaction.
Now, wait for the funds to arrive. The money will be received in hryvnias, with automatic conversion.
How to Register PayPal – Video
To better understand how PayPal works, watch this short YouTube video:
Conclusions
PayPal is an extremely popular payment system worldwide. Ukrainians gained access to it in 2022, though not with full functionality. Today, we can use personal accounts, transfer money, and withdraw to Ukrainian bank cards. The ability to open corporate accounts would significantly ease business operations.
Frequently Asked Questions about PayPal in Ukraine
Currently, PayPal allows Ukrainians to transfer money without fees. However, fees apply when sending to foreigners, depending on the currency type. There are also fees for conversion.
It only takes a few minutes to receive money from PayPal to a card, unless there are delays on the bank’s side.
Yes, you can register as a Ukrainian citizen and transfer without fees even if you are abroad. Just indicate your Ukrainian address during registration.
