How to buy and sell with PayPal in Argentina

Due to sanitary measures to reduce the wave of infections by COVID-19, Argentines had to adopt new ways to link and work, and also to consume and entertain themselves, among which PayPal Argentina appears.

In this way, it is that PayPal Argentina enters the daily life of Argentines: an easy and safe way to send and receive online payments regardless of that it is from websites, cellular applications or any virtual store in the country or in the outside.

In which countries do PayPal do?

It is available in more than 200 countries and regions.To find out if PayPal is available in a specific place you can enter this site and select the country in the drop -down menu for more information about the products that can be purchased in that country.

Buy with PayPal Argentina

Paying safely, easily and reliably is the main objective of the PayPal platform.

Through PayPal Argentina, you can buy without card on websites abroad without having to share your financial information;and sell and receive online payments through your website, application or email.

So how to pay with PayPal?When buying a product in an online store, look for the PayPal button, start session with the email and password associated with the platform and finish the payment.

PAYPAL ARGENTINA: COMMISSION VALUE

If the operations are between two accounts based in Argentina, PayPal does not charge commissions to the buyer.

However, if the purchase implies a currency conversion, for example, from dollars to pesos, there is a commission of 4.5%.Another commission, of 3.5%, corresponds when a transfer is made between two own accounts, in different currencies.

The PayPal Argentina system allows you to send or receive money.For some years the number of Argentines registered in sites such as Workana or Freelancer in search of job opportunities abroad has increased.

So, to collect the fees, PayPal appears as a good option.It should be clarified that both parties (that is, who offers the work and who is going to pay for it) must be registered in Paypal for this to work.

Once this requirement is completed, the question is simple.Freelancer must choose the PayPal option.I to create a link, which can be web, by mobile phone or even social networks.When you enter your email and your key, the contractor will be able to make the payment.

Attention: As a consequence of exchange restrictions, all PayPal operations in Argentina will be converted to Argentine pesos, to the current contribution 72 business hours after authorized payment.

To withdraw funds from an account, PayPal associated in Argentina with the Macro bank and with Fintech Nubi.In this case, the commission is 75 pesos for each extraction.From accounts in the United States, it is 2.5%, in dollars.

Transaction limits in PayPal in Argentina

In Argentina, the maximum amount of retirement for a single transaction is $ 30.000.But if you want to change the currency, for example, in dollars: the maximum in PayPal Argentina is US $ 10.000.

Why buy with PayPal?

Buying and selling through the PayPal Argentina platform offers you several advantages.We share some of them:

PayPal refund service

If you made a purchase but you changed my mind and you want to recover your funds, you have to get in touch with the seller and ask you to cancel your purchase made with PayPal Argentina.

For this, look in movements and click on the transaction in PayPal.There you will find the details of the purchase with the name and email of the seller and even the seller's customer service phone number.

It is possible to request a refund up to 180 days after having paid a product and within five business days you will be reimburse.

In the event that the seller does not agreeagreed.

Free account in PayPal

The first step to use this PayPal Argentina system is to open a free account.

There are two options in PayPal: staff or company.

In the case of the personal account, after providing some data, you will have to opt for a user and a password.Then, the PayPal platform will send an email message to validate the new user's mail.

Credit cards accepted PayPal in Argentina

With associating your PayPal account to a credit card payment form, you will no longer have to enter it.You can pay with PayPal from Argentina anywhere in the world only with your email and password.

The cards operating with PayPal are several, the only requirement is to complete the data of a verification number or security code to use it.Among the main international credit cards you accept, are:

Next, we share the step by step to associate PayPal Argentina with a debit or credit card:

The card must have enabled the possibility of making online and international payments;The billing address must coincide with the address of the address included in PayPal;have at least one dollar balance on the card;And, in case of presenting the "Electronic use Only" legend, keeping in mind that your card is not compatible with the PayPal platform.

Why is it better to associate several credit cards with PayPal?

The advantage of the association of more than one card is that, when buying, the user can choose the one that suits him.

As the payment method is registered on PayPal servers, certain sensitive data is not necessary to enter, such as the card security code, every time a purchase is made.Reach with email and PayPal's password.

This also serves to send money to another person who has PayPal account.For the details of these transactions, visit the page.

Another advantage is buyer protection through which PayPal guarantees the reimbursement of money if the product never reaches the buyer's home or does not meet the promised characteristics on the seller's website.This protection is available for a period of 180 days after the purchase.

PayPal's story

PayPal's story began in 1998, when Max Levchin and Peter Thiel created the Confinity platform, with the purpose of facilitating electronic payments.On the opposite sidewalk they had Elon Musk, who dreamed with a true digital bank.

Thiel, Levchin and then Ken Howery and Luke Nosek were lucky because Musk, who at 26 had charged US $21 million for the sale of ZIP2 to Compaq, became a member.

At that time, the online sales giant EBAY had developed an electronic payment system.Thiel, Musk and his partners realized that Ebay was his "number one enemy".

But PayPal, the name that Confinity acquired in 2001, won the battle since it was acquired by EBAY in US $ 1.500 million.And Musk was already the new CEO.

Changes for the blockchain

The Computer Data Block chain ("Blockchain") and cryptoactive such as Bitcoin will change the infrastructure of the global payment system, according to Sri Shivananda, senior vice president and technology director (CTO acronym in English) of PayPal.

In a press conference at the end of May remotely with media in Latin America, in which Iprofessional participated, the technological head of this company of about 1.800 million users estimated that in the last 20 years there were improvements in the forms of payments, although he observed that cryptoactives will be responsible for innovation in these transactions.

In this regard, he compared the development of Bitcoin and Blockchain with the beginnings of the Internet, when communication between devices developed with the TCP/IP protocols."The underlying internet protocol is HTTPS, but when you investigate more in HTTPs you will find a family of deeper level protocols, which is TCP-IP," he explained.

With cryptoactive and their base technology, the block chain happens similar to the beginnings of the TCP/IP protocol.

For Shivananda, "it is a new paradigm and everyone around the planet, consumers, companies like us, governments are trying to understand how the system of this new paradigm works, not only from a technological perspective but from a point of vieweconomic".

Given this new paradigm, Shivananda warned the need for consumers, shops, companies and governments to learn these technologies and then define their position in this regard.

In that sense, he acknowledged that "patients should bemore conveniently and also to reach those people who are completely excluded from the system we have ".

PayPal allows its users to make payments with cryptocurrencies since 2020.It also allows the purchase, storage and sale of cryptocurrencies through PayPal and its venmo mobile payment service.

These products are offered only in the United States, although the platform has plans to convert them global.In this regard, Shivananda clarified that the company is to support the introduction of digital currencies of central banks as forms of money.

"We believe they have the potential to help us in our mission to democratize financial services," he said.

He said that the company is very interested in integrating these technologies into its platform: "It is a paradigm and a change in technology that will help us meet our mission of democratizing financial services and making financial inclusion possible for millions of people who do notThey are included in today's system, "he said.

Guru Bhat, Vice President of PayPal's client, who highlighted the impact of the Cornavirus pandemic on digital adoption and risks due to the increase in cyber attacks in this context, participated in the same conference..

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Bhat said that an additional reason for concern is the level of disinvestment in cybersecurity, which can be very expensive when it comes to financial services.