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Home Is PayPal available in Serbia/Does PayPal work in Serbia?
10 May 2023 By PAYCEC
Yes, Paypal is working in Serbia. PayPal is now available in Serbia as of April 10, 2013. While PayPal provides services for online money transfers and online payments, customers in Serbia can only use it for online shopping because the money transfer service is not yet available.
To use Paypal in Serbia, you must open a PayPal user account. The first step is to create a PayPal account through their website. Individuals can open a personal account, while legal entities can open a business account.
Withdrawing money from a linked foreign currency account is straightforward. One must pay from the PayPal account and ensure that the exchange rate for currency conversion to euros is verified beforehand. After receiving the funds, users do not need to withdraw them immediately. Instead, they can accumulate the funds by transferring them to the linked and verified Visa card. The transfer process takes a maximum of seven days to complete.
Payment justification for legal businesses is equally simple, provided you operate correctly and respect the law. The amount paid to the foreign currency account is justified using a PayPal account payment report. Contact your Serbian financial firm for further information.
The commission for PayPal account services is not trivial, averaging around 3.5% of the transaction value. A set cost of $ 4 is also waived for each withdrawal and transfer to Visa.
Is it safe to use PayPal?
It is not necessary to leave additional information about one or more bank accounts or credit cards when opening an account. As a result, it is one of the most secure methods of conducting online transactions.
The PayPal protection system has been perfected and calibrated to a high level, allowing customers to file a complaint in the short term and protecting vendors from illegitimate complaints.
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