PayPal Stops Accepting New Users In Russia

Share post:

Cross-border payment platform, PayPal has stopped accepting new users in Russia.

Following Russia’s invasion of Ukraine and the Ukrainian government’s pleas, PayPal has taken several steps to sanction Russia. This includes blocking some users and some of the country’s biggest banks from conducting cross-border transactions.

According to a PayPal spokesperson who confirmed the new decision, the company is still navigating the implications of sanctions.

PayPal is supporting users in Ukraine via cross-border transactions and its Xoom service for international money transfers.

“Since this crisis began, PayPal has actively worked to enable donations to non-profit fundraising efforts in support of Ukrainian humanitarian relief efforts,” the company stated in a statement.

PayPal has however refused Ukraine’s call to help raise funds for the Armed Forces of Ukraine. This is because the organization’s policy does not support using funds for firearms and ammunition.

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

FTC says Microsoft’s layoffs at Activision Blizzard may threaten merger approval

The FTC has expressed dissatisfaction with Microsoft's layoffs at Activision Blizzard, challenging the integrity of the Microsoft-Activision deal....

Delaware court voids Musks $56 billion dollar compensation

Tesla's stock experienced a notable downturn following a Delaware court's decision to void CEO Elon Musk's massive $56...

IT World Canada strikes partnership with Canadian Cybersecurity Network

Goal is to make it easier for infosec pros to access each organization

Microsoft overtakes Apple as world’s most valuable company

In a notable shift in the tech industry, Microsoft has recently overtaken Apple to become the world's most...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways