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PayPal allowed to withdraw money and will block electronic wallets of Russians from March 18

On March 12, 2022, PayPal allowed Russian users to withdraw money. The electronic payment system announced that it will block the electronic wallets of Russians from March 18 and suspend work in the Russian Federation.

Users have already begun to receive notifications from PayPal about the suspension of services for sending and receiving payments in Russia, as well as a request to withdraw money from the account while it is possible.

On March 5, PayPal closed the registration of new users from the Russian Federation. At the time, the company clarified that withdrawals would be available “for a certain period of time,” with account balances distributed in accordance with laws and regulations.

On March 12, the American online platform eBay suspended the sale of goods in the Russian Federation and blocked all transactions towards Russian sellers. They are now set to "On Vacation". eBay explained that it took such measures due to the cessation of foreign payment systems (VISA and Mactercard) and international delivery services (DHL, FedEx and UPS) in Russia.

PayPal allowed to withdraw money and will block electronic wallets of Russians from March 18