Paypal urges Russians to withdraw funds from their accounts by March 18

Paypal urges Russians to withdraw funds from their accounts by March 18

The American payment system PayPal will block all electronic wallets of Russians. This will happen on March 18, according to Telegram, reports SmartNews.

Earlier it was reported that PayPal suspended its work in Russia. Once the decision is made, withdrawals will remain available “for a certain period of time,” the company’s management said. Account balances were supposed to be distributed in accordance with laws and regulations.

PayPal is the largest debit payment system. It allows users to pay for purchases and send money without revealing bank card details and other personal information. The company was founded in 1998 in the USA and processes more than four billion transactions annually. Its services are used by more than 200 million people worldwide.