{"id":888,"date":"2022-03-06T14:59:18","date_gmt":"2022-03-06T14:59:18","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/06\/paypal-pauses-service-in-russia-citing-violent-military-aggression\/"},"modified":"2022-03-06T14:59:19","modified_gmt":"2022-03-06T14:59:19","slug":"paypal-pauses-service-in-russia-citing-violent-military-aggression","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/06\/paypal-pauses-service-in-russia-citing-violent-military-aggression\/","title":{"rendered":"PayPal pauses service in Russia, citing \u2018violent military aggression\u2019"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/5\/22962848\/paypal-pauses-service-russia-ukraine-invasion<\/a>
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PayPal is suspending its services in Russia in response to the country\u2019s \u201cviolent military aggression in Ukraine,\u201d according to a report from Reuters<\/em><\/a>. Ukraine\u2019s vice prime minister Mykhailo Fedorov tweeted out<\/a> a letter from PayPal CEO Dan Schulman, confirming the company\u2019s decision to shut down its operations in Russia.<\/p>\n

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We received a letter from @Dan_Schulman<\/a>, CEO PayPal. So now it\u2019s official: PayPal shuts down its services in Russia citing Ukraine aggression. Thank you @PayPal<\/a> for your supporting! Hope that soon you will open it in for pic.twitter.com\/RaJxEMSLQe<\/a><\/p>\n

\u2014 Mykhailo Fedorov (@FedorovMykhailo) March 5, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n

\u201cUnder the current circumstances, we are suspending PayPal services in Russia,\u201d Shulman says in the letter. \u201cWe are also doing all that we can to support our staff in the region during this deeply difficult time.\u201d<\/p>\n

As Reuters<\/em> notes, PayPal had been available in Russia for cross-border payments only. It stopped accepting new Russian users<\/a> earlier this week but has now made the sweeping decision to halt its services altogether \u2014 a measure that also includes the PayPal-owned money transfer service, Xoom. PayPal spokesperson Aidan Kelly told The Verge<\/em> that PayPal will still \u201ccontinue work to process customer withdraws for a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations.\u201d<\/p>\n

With the financial sanctions put in place<\/a> by the US, UK, European Union, and many others, some Russian users may not have been able to use their bank cards to make payments through PayPal regardless. The sanctions have already cut off some users from Apple Pay and Google Pay<\/a>, as they target Russia\u2019s largest financial institutions, barring bank customers from making card payments to businesses and services registered in countries that imposed sanctions.<\/p>\n

Update March 5th 1:36PM ET: <\/strong><\/em>Updated to add a statement from a PayPal spokesperson.<\/em><\/p>\n<\/div>\n


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Source: https:\/\/www.theverge.com\/2022\/3\/5\/22962848\/paypal-pauses-service-russia-ukraine-invasion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: PayPal is suspending its services in Russia in response to the country\u2019s \u201cviolent military aggression in Ukraine,\u201d according to a report from Reuters. Ukraine\u2019s vice prime minister Mykhailo Fedorov tweeted out a letter from PayPal CEO Dan Schulman, confirming the company\u2019s decision to shut down its operations in Russia. We received a letter from […]<\/p>\n","protected":false},"author":1,"featured_media":889,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,8],"tags":[16],"class_list":["post-888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","category-technology","tag-policy"],"yoast_head":"\nPayPal pauses service in Russia, citing \u2018violent military aggression\u2019 - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/03\/06\/paypal-pauses-service-in-russia-citing-violent-military-aggression\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal pauses service in Russia, citing \u2018violent military aggression\u2019 - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: PayPal is suspending its services in Russia in response to the country\u2019s \u201cviolent military aggression in Ukraine,\u201d according to a report from Reuters. 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