PayPal Drops Transaction Fees For Ukrainian Citizens

March 18, 2022 Business, Ukraine

The Verge reports:

PayPal is expanding the services available to its Ukrainian users and waiving fees to help with humanitarian efforts in the country during Russia’s ongoing invasion.

According to a news release, Ukrainians will be able to send and receive peer-to-peer PayPal or Xoom payments, and the company won’t apply its normal fees to either side of the transaction.

PayPal also says that it’s giving Ukrainians the ability to transfer money out of their accounts onto Mastercard and Visa cards. Citizens who have fled the country will also be able to access these features if they set up a Ukrainian PayPal account.

Read the full article. The system allows Ukrainians to send and receive transfers in US and Canadian dollars, British pounds, and Euros.

PayPal is making more features freely available to Ukrainians https://t.co/6RAHP27v2A pic.twitter.com/wXbaw8Y22E

— The Verge (@verge) March 18, 2022