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.



Related articles

Apple enforces return-to-office policy

In an effort to enforce its return-to-office policy, tech giant Apple is reportedly tracking in-person employee attendance via...

Accenture to cut 19,000 jobs

Accenture Plc announced its plan to cut 2.5% of its workforce, equivalent to 19,000 jobs, after lowering its...

Indeed to cut 2,200 jobs

Indeed, a job search platform based in the United States, announced the elimination of approximately 2,200 jobs, or...

Google former employees demand public commitments from CEO

Google is facing criticism as laid-off employees' band together to demand public commitments from Alphabet CEO Sundar Pichai. Over...

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