PayPal is an online payments and money transfer service. It provides its users with the possibility of receiving and sending money globally, in more than 193 countries worldwide.
PayPal, electronic payment system provides its users with the service of money transfer, money transfer to another account, purchase and sale.
Use of PayPal service
Prior registration is required for PayPal service use. Registration procedure is quick and simple and may be done on the website: www.paypal.com. An e-mail address and a credit or debit card are required to register. The registration process is initiated by clicking on ˝Sign up/Open an account˝. Follow the instructions, enter all the required information accurately and make sure you read the User Agreement.
When a card is added, PayPal verifies the validity of the card and authorises the amount of USD 1.00. In addition.
PayPal will send a four-digit ˝Expanded User Number˝, a PayPal code, to the bank.
The PayPal code may be checked through Internet banking in the transaction description or credit/debit card statement. After the validity of the four-digit code has been verified, PayPal will repay the charged amount.. If an invalid verification code is entered three times, card registration on PayPal will be disabled. In that case, contact PayPal for assistance with how to add the same card again.
Any Mastercard or Visa cards issued by Raiffeisenbank Austria d.d. (RBA) can be used for PayPal payments. Funds from a PayPal account may be withdrawn to Visa and Visa Electron cards only.
RBA cards Paying through PayPal Payments to PayPal account Withdrawal of funds from PayPal to a card Mastercard credit card Yes Yes No Business Mastercard credit card Yes Yes No Visa Classic credit card Yes Yes Yes Visa Iris Fashion credit card Yes Yes Yes Visa Gold credit card Yes Yes Yes Visa Platinum credit card Yes Yes Yes Debit Mastercard Yes Yes No Visa EUR debit card Yes Yes Yes Visa USD debit card Yes Yes Yes Mastercard Business debit card Yes Yes No
PayPal will use its own exchange rate to convert the currency of the point of sale (USD etc.) in EUR. After funds have been withdrawn from PayPal, it will take a few days for the amount to show in your account (card) balance.
For further information or assistance in case of any issues related to your PayPal account, please refer to the PayPal website.