PayPal Or P. Paulone of the largest systems online payme It is the world and unfortunately we Iranians cannot use its services so easily. Transferring and receiving money from all over the world, making iernational transactions, online purchases, etc. are among the uses of PayPal.
Now PayPal is over 200 The coury provides services and almost 90% Iernational stores Directly Buy did Receiving and sending money is one of the other features of this payme system. But these cases are only a small part of the question What is PayPal? are considered In the following, we will review the nuances of this payme system together.
What is PayPal?
PayPal Or PayPalOne Online payme system that allows you to be anywhere in the world insta money and with Low fee Or Free Transfer and receive money from others. PayPal The most popular payme system It is in the world and you can do it Iernational bank accou Connect yourself to PayPal to benefit from its services more easily.
Max Levchin, Peter Theil And Luke Nosek A company called Fieldlink in the year 1998 created which was later called Coinfinity and Year 2000 It was renamed as part of a PayPal iegration.
security, keep Privacy And Speed The top of PayPal has caused this network the most used Method Iernet payme be in the world Unfortunately, the door is closed Iran It does not provide services, and people who have Iranian citizenship cannot benefit from its services; However, there are ways to use PayPal in Iran.
The correct pronunciation of the term “PayPal” is PayPal, but most Persian speakers use the pronunciation of PayPal to facilitate speech.
History of PayPal
The PayPal story of 1998 and creating a company Fieldlink Starts. Luchin, Thiel and Nosek establish this company and shortly after the name of this company to Kevin Finity they change At this stage, the main activity of Coin Finity is in the domain Smart wallets Was.
In March 2000, Kevin Finity with Company X dotcom (X.com) that by Elon Musk and 3 others were established, it will be merged. After many ups and downs, finally in 2001 and when Thiel was the CEO of Kevin Finity, the name of this company was changed to PayPal and with PYPL symbol eers the stock market.
At October 2002big company eBay It buys about 70% of PayPal and practically owns it. After this purchase, PayPal is the main payme method of the eBay site and many famous sites such as yahoo And Google Becomes. eBay also finally decided in 2014 Selling PayPal shares and currely the shares of this company can be traded on the stock exchange.
How does PayPal work?
In other words, it can be said that PayPal is like a wallet It works, with the difference that it provides you with many possibilities. As soon as you top up your accou, like a Payme system It will work perfectly for you and you can do it as easily as you can transactions Make your paymes, send and receive money, and complete your online purchases using PayPal portals.
PayPal mechanism is very simple. If you are a user residing abroad, just create a free accou on the PayPal.com website and then link your PayPal accou to your bank or credit card to verify your accou. You can also top up your accou through iermediary websites apart from the bank.
Unlike ierbank transactions, PayPal transactions are done in an iegrated manner and through its own system; That is why your transaction is completed and your accou balance changes in a fraction of a second.
What is the PayPal fee?
In general, PayPal charges a personal iernational transaction fee of 5% with a minimum of 99 ces and a maximum of $4.99. However, PayPal's fee calculation system is very complicated. This system has its own fee system for each currency, each type of transaction and each geographical area.
In PayPal, transaction fees are generally deducted from the payer; That is, if you send 100 dollars of money through an iernational transfer, in the end, 96.02 dollars will reach the recipie. Of course, this fee can be adjusted through the PayPal panel. PayPal charges a separate fee rate for business transactions and amous above their threshold, which will be displayed to you during the transaction.
Types of PayPal accous
The accous of this platform are provided to users in two forms: Personal and Business.
| Personal accou | Business accou |
|---|---|
| Pay and buy online | Legal eity accou |
| Payme of online transactions | The possibility of receiving money through Cardhub Bank with low fees |
| Payme of offline transactions | Set the access level |
| Send money to others | Access to various PayPal products |
| The possibility of receiving the PayPal port |
Personal PayPal accou
PayPal Personal AccousFor normal users And real people Designed for PayPal the payme And Get Money And they also use iernet shopping. In other words, if you need a fast and reliable platform to send money abroad, these types of accous are very suitable for you.
PayPal business accou
PayPal Business Accous They have more features than personal accous. Possible Receive transactions with higher amous And getting a PayPal payme gateway on your website is one of the features that business accous provide.
Advaages and disadvaages of PayPal
PayPal benefits
- security in transaction processing;
- support for more than 26 differe currencies, including dollars, pounds and euros;
- Many possibilities in both personal and business modes;
- The possibility of receiving loans for users;
- High speed in iernational and domestic transactions.
Disadvaages of PayPal
- Easy blocking of PayPal accous, especially for Iranian users;
- complex fee calculation system;
- Restrictions on high-risk goods;
- The high frequency of phishing and fraud attacks;
- Very poor customer support.
Using PayPal in Iran
As we said, you cannot directly use PayPal services in Iran. That's why you have to use iermediary businesses. These businesses will create a PayPal accou for you and provide you with the password and email address of the accou after autheication.
PayPal has many limitations; For example, in your personal mode in the first moh of use, you cannot have more than a certain amou of transactions, and if you reject this limit, you must raise your autheication level, which is not possible for Iranian users.
On the other hand, to get a PayPal business accou for your business and get a PayPal portal, your risk is even higher; Because your hands are not tied anywhere, and if your accou is blocked, you have to go through Haft Khan Rostam so that your accou can be opened!
Why is PayPal blocked in Iran?
Iran's embargo by PayPal dates back to a long time ago. Last years, due to the sanctions of the United States, companies providing payme services were prohibited from serving Iranian users. MasterCard, Visa and PayPal were also among the providers that banned Iranian users from using their services.
On the other hand, PayPal's security system is very strong, and there is a possibility that your accou will be restricted in case of IP conflict. In addition, if you iend to make physical purchases (with the ability to send to an address in Iran) using PayPal, your transaction may be limited and placed in “On-hold” mode.
What is the use of PayPal?
Iernational money transfer
Studes, expats, and even travelers traveling abroad can easily make iernational transactions using a PayPal accou.
earn money
If you are one of those people who are ierested in earning foreign currency and abroad, PayPal accou can be a good option to receive your expenses and wages. PayPal is one of the most popular payme methods for freelancers. Coe production, graphic work, website design and many other activities can be done “remotely”. If you have trouble getting paid for such activities, PayPal is a great option.
Iernet purchases
As meioned earlier, PayPal is supported as a payme method by many stores and businesses. By having a PayPal accou and charging it, you can make your online purchases quickly. Of course, these purchases are mostly virtual and physical purchases are only possible if:
Receive a loan
PayPal also offers lending services to its users. Of course, get rid of the thought that you can get these loans in Iran! Even if you have purchased a verified PayPal accou through iermediary sites, you cannot get these loans!
other facilities
PayPal also provides other facilities to its accou holders. Insta issuing of invoices, donating money to charitable foundations, converting differe currencies and paying by phone are among these facilities. Each of the meioned features has a private fee rate that will be charged to the user when using it.
Personal PayPal accous are designed for normal users and natural persons who use PayPal to pay and receive money as well as make online purchases. In other words, if you need a fast and reliable platform to send money abroad, these types of accous are very suitable for you.
Frequely asked questions
There are several Bitcoin exchanges and marketplaces that use PayPal as a payme method, but not many.
No; The company was originally founded by Max Luchin, Peter Thiel, and Luke Nosek, and was renamed PayPal after merging with Elon Musk's X.com. Mask does not currely have a stake in PayPal.
Regarding normal accous, no; If you wa to connect your bank accou to PayPal, you will need a valid bank accou. If your bank accou is not connected to PayPal, you need to top up through PayPal iermediary sites. PayPal business accous also require a valid bank accou.
