PayPal Temporarily Waives Fees for Ukrainian Customers

As the crisis in Ukraine deepens, there is an ever growing need to help people in the region access critical humanitarian funds. PayPal is rolling out an expansion of its services available in Ukraine to provide its customers with ways to send money quickly and securely to friends, family, and loved ones.

Andrew Wood Interview: CMC Markets 2021 Technology Drive

Services Now Available to Help Ukrainian Customers with Humanitarian Assistance

• Friends & Family P2P Payments: New and existing Ukrainian PayPal account holders will be able to send and receive peer-to-peer (P2P) payments from friends and family and to transfer funds from their Ukrainian PayPal Wallet to an eligible Mastercard or Visa debit or credit card.
  

• Transfer Funds from PayPal Wallet: Ukrainian customers who receive money from friends and family in their Ukrainian PayPal Wallet will be able to transfer these funds to their bank account by linking an eligible Mastercard or Visa debit card, or to an eligible Mastercard or Visa credit card.

• ​Waiving of PayPal's Fees: In an effort to provide customers access to critical funds, PayPal will be temporarily waiving its own fees for customers sending funds to Ukrainian PayPal accounts or receiving funds into Ukrainian PayPal accounts. Xoom, PayPal's international remittance service, is also waiving transaction fees for payments sent to recipients in Ukraine. Fees charged by a customer's card issuer or bank may still apply.

Expansion of these services to PayPal's customers will begin to be made available today. Ukrainian customers will be able to send and receive funds from their Ukrainian PayPal Wallet in USD, CAD, GBP and EUR. Once a customer transfers their funds from their PayPal Wallet to an eligible debit or credit card, the money will be available in the currency associated with that card. Exchange rates and fees charged by a customer's card issuer or bank account may still apply.

PayPal will provide these new services and fee waivers to its customers through June 30, 2022.