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Showing posts from March, 2022

PayPal pauses service in Russia, due to ‘violent military aggression’

PayPal is suspending its services in Russia in response to the country’s “violent military aggression in Ukraine,” according to a report from  Reuters . Ukraine’s vice prime minister Mykhailo Fedorov  tweeted out  a letter from PayPal CEO Dan Schulman, confirming the company’s decision to shut down its operations in Russia. “Under the current circumstances, we are suspending PayPal services in Russia,” Shulman says in the letter. “We are also doing all that we can to support our staff in the region during this deeply difficult time.” As  Reuters  notes, PayPal had been available in Russia for cross-border payments only. It  stopped accepting new Russian users  earlier this week but has now made the sweeping decision to halt its services altogether — a measure that also includes the PayPal-owned money transfer service, Xoom. PayPal spokesperson Aidan Kelly told  The Verge  that PayPal will still “continue work to process customer withdraws for a period of ti...