PayPal Review: Is It Good To Receive Payments From EUR To PLN?



PayPal is an international payment system that allows you to make money transfers and online payments on the Internet. It can be used to transfer EUR to PLN among other currencies. But how to use it, and is it really good? Let’s find out.

What is this system, and how did it come about

The developers sought to create a system that would allow securely sending payments over the network. At that time, against the background of competitors, their service stood out due to a small percentage of transactions and high data protection.

Paypal reached Russia in October 2011 - at this stage it became possible to receive payments. Withdrawing funds from the system to the accounts of Russian banks became available only in 2013. Such a late debut is due to its low popularity in the Russian market, because at that time such systems as Yandex.Money and WebMoney were very popular.

The account in the system contains the Paypal balance, and also a bank card and account are linked to the account. A balance and a card are needed to pay for goods in online stores and for money transfers to people, and an account is needed to withdraw funds from the system.

Why is Paypal so attractive to users?

This is an international payment system - it allows you to make money transactions between Russia and other countries (there is a built-in currency converter, it works with 23 national currencies).

It allows you to secure your bank card data. To make purchases in online stores, you do not need to enter them directly - just enter the login and password from the system, and the payment will be made through it.

The system guarantees that the goods will be delivered. Because only after confirmation of receipt of the goods by the user, the money will go to the seller's account. If the goods are not delivered (or arrive in an improper form), you can contact Paypal's technical support, and she will either make sure that the money comes from the other side, or she herself compensates for the costs incurred by the user. None of the Russian payment systems offer anything like this.

On many foreign online stores, as well as on some sites for making money on the Internet, the system is the only way to pay and withdraw money.

However, regarding currency conversion, it is 3% more expensive than its competitors TransferWise or Revolut, that are free currency conversion services with nearly no fee – and at least they make it transparent.

How is registration in Paypal

In order to successfully register in the system, you must go through the following steps:

  • Email - to confirm your account and receive notifications (about operations, project news, and so on).
  • Mobile phone number - to verify your account.
  • Personal data of the user (series and number of the passport, TIN or SNILS, address of residence). This information is necessary for the full use of the system.

There are two types of wallets:

  1. Private. Suitable for individuals to pay for purchases, as well as send and receive transfers from other people.
  2. Corporate. Designed for merchants who plan to accept payments through Paypal.

After successful registration, a letter from the system will be sent to the e-mail, the user must click on Confirm my email address.

Linking and confirming a bank card

Linking a bank card to Paypal is necessary to make secure payments on the Internet through a card. That is, when paying for something, you do not need to enter data from the card, it is enough to specify the Paypal wallet as a payment method.

Complete linking of a bank card to Paypal is divided into two stages: filling in card details; binding confirmation.

You will need to fill in the card details - its number, type, validity period and security code. It should be noted right away that the MIR card cannot be tied, it is not supported.

After adding Paypal will send a notification about the successful operation, and one ruble will be debited from the card as a check that all the data is correct. This money will then be returned back to the card.

In the same way, you can add several cards and then it is very easy to switch between them when necessary.

Any bank card will need to be verified. This will increase the user's security level, confirm his identity, limit the risk of using stolen cards and forged documents (confirmation is carried out by obtaining a code from the statement, to which only the owner has access) and will remove restrictions on the withdrawal and transfer of funds. The card can be confirmed in the Account section.

The bank account must be linked to the system if the user plans to withdraw funds from Paypal. It should be noted that since 2013, withdrawals have been available to the accounts of Russian banks without commission. Linking a bank account looks much the same as a card - first you need to specify the data, then confirm it.

In order to confirm the linking of the account to Paypal, you will need to go to your personal account of the bank to which the account belongs and find two receipts from Paypal in the history of transactions. It will literally be a penny, for example, 0.01 rubles and 0.02 rubles. These will be the confirmation codes - 001 and 002.

What about the interface?

Paypal's advantage is that this payment system has a very clear and intuitive interface.

After the user enters his data to enter his personal account, he goes to the home page, where he can see brief information about the state of the account, about the latest transactions, and in addition can send and transfer funds from the same page.

At the very top there is a quick access panel that displays sections of your personal account for the convenience of users. To get to the home page, you must click on the Browse button.

By clicking on the History button on the quick access panel, the user enters the section where you can find out all the information on the latest transactions.

By clicking on the Money transfers button, you can go to a page where you can send and request funds, as well as check your contacts. In turn, in the Contacts menu, you can see all those people from whom the user requested funds, or those to whom he sent them.

If you click on the More button, three tabs will open: 1) send a gift; 2) send an invoice for payment; 3) create a PayPal.Me page.

Send a gift is the same transfer of funds, but with the difference that Paypal offers beautiful postcards for this.

Send invoice for payment is a function for sending invoices to customers (relevant for sellers and those who use Paypal to conduct business). It allows individuals to issue invoices for payment to other individuals, but for this the buyer must also have a Paypal wallet.

“Create a PayPal.Me Page” is a personal page where you can place your own photo or company logo, and then the buyers who transfer money will accurately identify you.

In the Help tab, you can get answers to your questions. All the necessary information is collected on the frequently asked questions, but if, nevertheless, the answer to the question is not found, then you can contact the technical support service with it.

In the Contact us section, you can find solutions to various problems (password recovery, payment disputes, etc.), as well as contact technical support by phone or email.

The security section describes in detail the issues related to fraud, controversial situations and cases when the goods from the seller did not reach or came in an improper form.

Setting up a personal account in Paypal

In the Account section, the user will see five blocks:

  • Profile. In this block, you can change your name, manage the PayPal.Me page, set your profile photo;
  • Account parameters. In this block there are settings for the language, time zone, passport data. Here you can also change your personal account to a corporate one and close it.
  • Address. In this block, you can add a new address.
  • Email address. In this block, you can add a new email address, or update the old one.
  • Telephone. In this block, you can also change the phone number if necessary.

In the Security setting, a large selection of parameters is available, using which you can significantly increase the security of your account in this payment system. You can create a new password, add two-step verification.

In the Payments setting, you can set up automatic payments and the source of funds for online purchases.

Automatic payments allow you to pay for monthly subscriptions.

In Preferred source of funds you can choose where to withdraw funds from when making online purchases. This can be a Paypal main account, a bank card or an account.

Paypal account replenishment

A feature of the Paypal wallet is that after linking the card, the user can use it for monetary transactions, ignoring the replenishment of the internal account. That is, when paying for something, money is withdrawn immediately from the card.

But if you need to make a transaction (transfer or payment) without using a bank card, then you first need to top up your Paypal internal account. This can be done in two ways:

  • using internet exchangers;
  • in salons Euroset and Svyaznoy.

Replenishment through online exchangers

Online exchange services allow you to transfer money from one e-wallet or bank card to Paypal. The user only needs to familiarize himself with the course, pay the amount (some services put restrictions on the minimum amount) and wait until the service transfers funds to Paypal.

Top-up in Euroset and Svyaznoy salons (via terminal)

There are two ways: with the help of the cashier or through the terminal in the salon. The second option is much more convenient, because the first time the seller will have to enter data on their own and print a receipt, which will have to be signed.

To deposit money through the terminal, you must complete the following steps:

  1. In the terminal, select the section Electronic money - PayPal wallet.
  2. The second step is to enter the email address to which the wallet is registered.
  3. It remains to deposit money, here you should pay attention to the size of the commission, in some terminals it may not be available when you deposit a certain amount. Usually this information is displayed on the screen and the user can review it before depositing money.

Payment for purchases from Paypal account

The most important thing is to figure out how to shop with Paypal. In fact, you can do this in two ways:

  1. Paypal account;
  2. From a bank card.

One of the advantages of Paypal is that you can make purchases without any internal wallet fees.

Paypal account payment

Before starting any action, you should make sure that the site has the ability to pay using the Paypal electronic wallet. If there is, and the user has already decided what he wants to buy, the browser may require authorization for Paypal, you will need to enter a username and password. Next, you need to choose a payment method, you need to select an account and click on the payment confirmation button.

After the performed actions, you can go to the personal account of the electronic wallet, and the purchase will be immediately displayed in the history of transactions.

Payment by credit card

As an example, you can consider the option of buying on an overseas site eBay. For example, a user has selected an item that costs $ 1.29 (Canadian dollar). The site automatically shows that this is approximately 66 Russian rubles, and this information corresponds to the current exchange rate.

After filling in all the necessary data for the purchase, you need to choose Paypal by the payment method. The browser will ask you to log in - enter your username and password from the electronic wallet. After that, the user will see that it is possible to pay either from a Paypal account or from a bank card, as well as the current exchange rate. If the user is satisfied with everything, then you need to click on the Confirm and pay button.

But it is worth paying attention to the fact that in this case, instead of 66 rubles, the user paid 70 rubles, despite the fact that eBay showed a rate less than the world one, but it turned out a little more expensive than it should have been. The thing is that Paypal has an internal commission for currency conversion. Currency conversion is only possible when making a purchase.

Transferring money from Paypal

How to send funds within Paypal

You can send funds from Paypal account or bank card. For sending, you need to indicate the name, nickname, email address or mobile phone number of the addressee. The translation can be either personal or for payment for goods in the store. The transfer itself is easy to do, but first you need to deal with the fees.

  • There is no commission for personal transfers within the country when using a Paypal account;
  • When using a bank card, a commission is taken in the amount of 3.4% of the total amount + 10 rubles;
  • When transferring abroad, a commission is taken from 0.4% to 1.5%, the size of the commission in this case depends on the country of payment.

It is also worth knowing that when transferring to the store's account, additional funds may be charged to pay for the goods, but the seller sets these rules on his own.

To complete this operation, follow these steps:

  1. Select the section Money transfers - Send.
  2. You must specify the addressee, this can be his e-mail address in the system.
  3. At this stage, the amount of the shipment and the currency are indicated. You can immediately convert rubles into dollars or vice versa, without conversion, since it will be carried out automatically when the transaction is made. Additionally, you can add a note or attach a postcard from Paypal. If everything is correct, you need to click on the Continue button.
  4. You need to select Send funds to friends and family, that is, personal transfers.
  5. The user will see that the system will offer two ways to send money - from a Paypal account, or from a bank card. In this case, it is better to choose an account. All that remains is to confirm the operation. If everything is correct, you must click on the Send funds button.

You can go to the history of transactions, and see that this transfer is immediately displayed.

Request for funds

To request funds, as in the case of a transfer, you need to know the name and nickname. The email or phone number you are going to ask for money. In order to do this, you need to follow these steps:

  1. Go to the section Money transfers - Request, you will need to enter data.
  2. Next, you need to specify the amount and currency. It is worth knowing that you can request funds from twenty people at the same time, but no more. You can also specify a comment.
  3. The possibility of splitting the account is available. For example, you dined with a friend and paid, and later you can send him an invoice, which will be divided exactly in half, or as it is convenient for the person who sent this invoice. After the transfer request is sent, it remains to wait. Until the second party confirms the operation.

Sending funds from Paypal to other payment systems (Yandex. Money, Web money)

Unfortunately, linking Paypal wallet with Yandex. Money, Web money and Qiwi, as well as any other payment system, is impossible, since you can withdraw money to Paypal only by account number.

However, there is a way to send money to other systems, and it is exactly the same as replenishment through online exchangers (but in the opposite order).

Create a PayPal.Me page

PayPal.Me is a personal page on the Internet that a user can create in just one click. It is designed for personalized payment, so that the sender of the money can see the photo or the logo of the company, and be sure that he is transferring money to exactly whoever he wants, and not to someone else. You can also use this page to collect funds anonymously. That is, users do not need to recognize mail for translation - it will be enough to make a couple of clicks on this page.

In order to create this page, you need to follow these simple steps:

  1. Open the tab Money transfers - More - Create a PayPal.Me page.
  2. Next, you need to click Create PayPal.Me Profile. If desired, the user can add his own photo or a photo with the company logo.
  3. You can choose the title of the page - as a personal name. If it is free, a green checkmark will appear on the right.
  4. At the last stage, you can see what happened, put a tick in the consent box and click on “Confirm and create.

Withdrawing funds from Paypal account

There is only one official way to withdraw funds from Paypal - to a bank account, but provided that it is linked and confirmed. The commission for withdrawal from the main account is not charged (unless the bank itself has established a commission), and funds are withdrawn in 3 - 5 working days, but at the same time, Paypal's certificate says that it usually takes 1 working day. At the same time, funds sent on weekends and holidays may be delayed. The minimum transfer amount is 300 rubles.

It is worth paying attention to the fact that Paypal's rules say that the administration can stop or postpone the payment in case of any problem.

Buyer and Seller Protection Program

One of Paypal's specialties is user protection programs, which are designed to protect them from online fraud and help in various situations. That is, if you paid for the goods through this system, and the seller threw you, then Paypal promises to solve this situation in your favor. This also works for the sellers.

Buyer protection program

The customer protection program helps users who are not satisfied with the product (it is damaged, does not correspond to the presentation, etc.), paid for through Paypal.

Not all items can be returned. These items are not covered by the Buyer Protection Program:

  • Real estate;
  • Power-driven vehicles and industrial equipment;
  • Custom-made items that differ significantly from the description;
  • Goods that are cash equivalents, such as gift cards and certificates;
  • Products that violate Paypal's business principles;
  • Goods, the sale of which was not registered on the Internet;
  • Personal transfers to friends and family members;
  • Any goods, even not received or not corresponding to the description, if a dispute over them was opened after 180 calendar days from the date of purchase;
  • Goods subject to normal wear and tear, the condition of which has been described in detail by the seller.

Paypal cannot provide support in the event of a product breakdown during the warranty period. The Buyer Protection Program is also not responsible for the lack of warranty for the product or problems with the registration of the product. Protection extends directly to the purchased product.

Also, the program will not work in the following cases:

  • The seller described the product in detail, but you just didn't like it;
  • You have not opened a dispute within 180 calendar days from the date of purchase of the product;
  • You have an outstanding bill.

Seller Protection Program

The Seller Protection Program helps in cases when they come across an unscrupulous buyer. Paypal warns sellers that they must describe the features of the goods as accurately as possible, and in disputed cases, provide various evidence (for example, the dispatch of the goods).

The program does not apply to the following cases:

  • Claims or refunds in cases where the product differs significantly from the description (for example, you described the product as new, but sent the product that was in use);
  • Products delivered using digital technologies, including licenses for digital content and media content;
  • Goods that are cash equivalents, such as gift cards and certificates;
  • Goods delivered by the seller personally;
  • Goods that were not paid in a lump sum;
  • Claims addressed personally to the seller or the trading platform;
  • Goods, the sale of which is prohibited by the User Agreement;
  • Lack of confirmation of sending or delivery of goods in accordance with the Agreement by the user;
  • Donations, bulk payments, or personal transfers.

What if the buyer cheated on the seller?

  • Explore useful links (help prevent disputes and chargebacks, resolve disputes, claims and problems with chargebacks, help prevent fraudulent orders;
  • Contact a resolution center and open a case;
  • Contact support.

What currencies and cards are supported

Visa, MasterCard, American Express, Maestro are suitable for binding, as mentioned above, the MIR card is not supported. When it comes to virtual cards, they are often rejected for security reasons.

PayPal is an international payment system that operates almost all over the world and processes 25 national currencies. Supported currencies:

  1. Russian ruble;
  2. U.S. dollar;
  3. Euro;
  4. Polish zloty;
  5. British pound sterling;
  6. Japanese yen;
  7. Canadian dollar;
  8. Czech crown;
  9. Swedish krona;
  10. Swiss frank;
  11. Danish crown;
  12. Norwegian krone;
  13. Hong Kong dollar, etc.

However, for travel purposes or international money transfer and currency conversions, it might be wiser to consider low fees alternatives such as TransferWise or Revolut, that are tailored for these solutions at the best cost.

★★★☆☆ PayPal Review: Is It Good To Receive Payments From EUR To PLN? It is convenient to convert from euros to zlotys, just like into any other currencies, since the conversion takes place automatically according to the current exchange rate.





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