The Paypal headquarters is located in the United States of America, and it is an international electronic company that allows for online funds and payments operations. PayPal is mainly operating as an acquisition (an institution to process direct debit card payments, cards and credit cards).

Through Paypal, payments can be processed for sellers online, auction sites, and many trade users for a small use fee.

Paypal fees usually depend on options, including: the method of payment used, the currencies concerned, the amount of money in the treatment and the concerned country.
Paypal has become very important for the world of e -commerce and online shopping as well as the free business world.
In this article, we answer a set of questions related to Paypal, including:

What is PayPal?

Paypal is one of the most famous and most important electronic banks, which is simply a Web site that allows users to transfer money online, they can transfer and receive money and transfer it to a bank account if they want to do so, and they can also shop with this money on the Internet through electronic stores that allow the Paypal to be used as a way to pay .
With Paypal, you do not need to go to the bank to transfer or receive money, you can do it and more through a lamb Only a credit card to link it to the Paypal account.

Peter Thil, Max Even, Eileon Misk and Luke Nossic have established Payp Pal, and in 2002 EBY owned all the shares of Paypal, Paypal developed greatly and became the first in the field of online payment.
It has more than 254 million users around the world, accepts 26 different currencies, and provides services in 203 diversified markets, and the headquarters of Paypal is located in the United States of America, specifically in California.

Is Paypal a traditional bank like any bank?

Although Paypal provides all the services of the Traditional Bank, Paypal is not a bank, although the company is subject to many rules and regulations governing financial institutions in the United States of America, it has not been classified as a bank.

Each bank participates in the so -called partial banking reserve, as they only keep a small part of the deposits that customers deposit, the rest is lended to, on the other hand, with Paypal all its deposits in commercial current accounts that carry benefits and do not spend any of them.

So Paypal is not a traditional bank, but it is an electronic bank, its basic function is to transfer and receive money online, by linking it to a traditional bank account or credit card, according to the laws and conditions for each country.
As you will know shortly, the use of Paypal may differ from one country to another, and it is not available in all countries as well.

Arab countries that accept dealing in Paypal

Although Paypal is a global company, financial policies differ from one country to another, and accordingly, there are countries that can send and receive money through Paypal, and there are countries that can only send, and a third cannot send or receive.

As for the Arab countries, the situation is as follows:
1. Arab countries can send and receive money via Paypal:

* Egypt
* Oman Authority
* Saudi Arabia
* Kuwait
* Qatar
* Algeria
* Jordan
* the two seas
* The United Arab Emirates

2. Arab countries can only send money via Paypal:

* Yemen
* Somalia
* Djibouti
* Comoros
* Mauritania

3. Arab countries that cannot send or receive via Paypal:

* Palestine
* Libya
* Sudan
* Syria
* Lebanon
* Iraq

Important notes regarding the countries available in Paypal:

1. The division above applies to the time of writing the article, but perhaps this differs in the future, for example, Paypal is activated in Lebanon in the future.

Paypal fees

1. Open a Paypal account completely free, meaning there is no fees to record a PayPal account.

2. Personal payments: including free friends and family payments, provided that your PayPal balance or your bank account is used to send these payments.
If you are using your credit card, the recipient will download the associated fees, however, as a sender, you can mention that you will pay these fees.

3. Commercial payments: If you purchased something online, the recipient will download the associated fees.

What are the advantages of Paypal?

PayPal provides an easy and fast way to send and receive money online, you can transfer money abroad to family, friends, online stores and auction sites such as EBY ..

All you need to send money to your family or friends or shopping by Paypal is the email address of the recipient, by registering your credit card or your bank account in your Paypal account.

You can send payments using the option to send money and request them, then the money will be transferred to the recipient’s account, and then it can then convert them into a bank account or use them for payment.

You can also shop online and pay through PayPal if the electronic store from which you shop depends on PayPal as a way to pay.

All you have to do is choose PayPal, and the store will ask you to log in to your Paypal account and confirm payment, and you will enjoy complete safety, your financial information will not be visible to sellers or stores online.

Here are the most important features of Paypal:

1. Receiving money online on Paypal
Anyone can send you money to you using your e -mail.

2. There is a set of advantages for financial transactions Via Paypal and from it.

* The presence of more than 232 million registered accounts, Paypal allows customers to send, keep and receive money with 24 currencies around the world in 190 markets.
* In 2009, Paypal launched a “student account” for adolescents, explaining that his goal is to provide tools for teenagers to teach them how to spend money wisely … Parents can create this account and transfer money to it, and give their teenage children a direct discount card.
* You can Paypal start your business from anywhere in the world.
* Provides protection and safety for merchants.
* Paypal advantages are easy and forward, the company has grown because of this and its annual revenues have increased.
3. The easy preparation and customization options that Paypal provides

Prices for sellers are fully customized and options and buttons are available, and the user can also make them, and these customization options do not require more than a simple version and paste of existing symbols.

4. The brand name
Customers are still hesitant when it comes to payment online because they are unable to see their money moving in front of their eyes, so the brand name that Pay Pal is enhanced by customer confidence.

Paypal guarantees that the e -store and the supplier will not get the customer’s credit card and bank account details, and this increases customer confidence.

5. Pricing policy

Most of the online payment services support itself through monthly or regular payments by customers, but in Paypal do not pay only when selling, in this way you are protected from the risk of having to pay the service fees despite the lack of sales, and so the Paypal is it Your friend is good and not good times.

6. A possible huge customer base

When using Paypal as a online payment for your business, every user on the Internet becomes a potential customer, as each buyer is targeted regardless of whether he wants to use Paypal or credit card, providing an alternative payment method that makes it flexible and attractive to buyers.

7. Ease of implementation

For sellers and small companies, Paypal is a gift, the merge of a payment portal to be able to conduct business online is an expensive proposal, and it has no financial meaning for small companies, so what is the benefit of connecting to the Internet to earn more money if the payment portal becomes costly?

As for Paypal, it does not need much investment in terms of money, time and energy, and it can facilitate financial transactions, there are no monthly preparation fees or fees.

8. Multiple calculations options

You can choose between a personal account and commercial account, and one person can have multiple accounts in multiple categories, all of these accounts have different privileges and have different rules, for example a personal account has no transactions fees when it comes to transferring money between PayPal users.

9. The ability to accept international payments and cards

As we mentioned at the beginning of the article, Paypal accepts the payment of more than 23 currencies. International payments often bear the currency conversion fees, for the amounts that amount to 100,000, Paypal receives a original percentage of 3.9% with symbolic fees that differ from country to country.

The ability to accept payment through credit cards and the payment card is also a great advantage, payments from a commercial account or a major account to another completely free, transaction fees from credit card and nominal discount cards are also 3.9 %.

10. Tracking transactions

You can consider Paypal a sincere and honest accountant, where you can access all incoming transactions issued by a mouse click, where you find the account accurately in the payments received and the payments that were conducted, date and the tab for the last activity.

There are complete data that gives you the details of all transactions, and you can download more than a year of data and information.

11. Merging payments with Ebay

It is an expected advantage after Paypal joined EBY, business accounts and Premier accounts provide many tools to improve integration with EBY, and thus the sale and purchase on this giant site becomes easier, and there is news that EBay will only deal through Paypal, and thus it will become the method The only payment.

What are the negatives of Paypal?

With all these positives there are a group of negatives in Paypal, including:

1. Hidden fees
PayPal provides some services free of charge and some for a symbolic fee, and the fees imposed on some payments may be exorbitant.

Personal account owners do not bear the fees for transactions during a procedure or receiving payments from other accounts, but they have limits or restrictions on the amount of money they can transfer, while these restrictions are not present in relation to commercial accounts or major accounts.

2. Strict rules and closed accounts
Due to security threats and terrorist attacks; The United States of America has strict rules that restrict transactions through PayPal until the slightest doubt can lead to the closure of a Paypal account.

Restore the account again takes a lot of time to conduct the investigation and give a clear idea of the account, and thus the money is reserved or disabled for a long period of time.

3. Customer service is bad

In addition to closing the account and additional strict policy there is a very difficult customer service, there are no numbers available easily on the website, even when you find the numbers seem to be not present to them.

There were complaints about receiving emails only automatic responses, even when one can find representatives on the line, they do not provide much help, because they mention that the problems are completely outside their control.

There are also reports of bank accounts that are automatically deducted without the account owner’s knowledge, and there is no way to correct this.

4. There is no arbitration from a third party

She stumbles in strict rules and frustrates customer service, and when you make a decision

Regarding arbitration, you find yourself again in a larger frustration, the account is frozen and PayPal policies are fully controlled in your money throughout the arbitration period, and there is no room for external arbitration.

So everything that the stalled customer can do is only waiting, the investigation continues and there are no documents provided to the user.

5. The currency basket is not comprehensive enough

Although Paypal provides dealing with 23 currencies, it excludes some important currencies, for example, Paypal does not accept payment through Indian Rsa, although India is a growing economy and a fertile market, and thus customers in India find it difficult to pay on Paypal.

How to create an account on Paypal

You can follow the following steps to create a Paypal account:

1. Go to the official Paypal website and then click on Sign Up.
2. See below the page, then choose the flag of your country and the language.

3. Choose the type of account you want, Paypal provides two types of accounts, the first is a business account, the first for people and the second for companies, so that Paypal is allowed for more than one person to deal at the account of business.

4. Click Continue, Paypal will be asked for some information, such as name and e -mail, fill in the required information and then click Follow, Paypal will see another form of information required to be registered, finish it, then click on approval and create an account.

5. Go to your e -mail, you will find that Paypal sends you a message to activate your account, click on Active, then you will move to Paypal, as the site asks you to answer two questions that you can use when needed, especially when losing your password.

Activate an account on Paypal

1. To activate your Paypal account, a confirmation message must be reached to your e -mail, in addition to adding a credit card to the Paypal account.

To add a transition card to Paypal and then click on a credit addition, then fill a form with a set of card related data including its type, number and expiration date, then the card will be saved on your account with a $ 2 discount.

2. Contact the bank’s customer service from which you have issued your credit card and learned about the last financial process number.

After getting the four -numbers operation number, click on the wallet at the top of the Paypal site, then choose the card and then enter the Paypal code in the designated place.

To obtain a detailed explanation with illustrations about creating a Paypal account, activating and using it

In conclusion: In this article, we presented you with a set of important information about Paypal, its advantages and disadvantages, the countries in which it works and the steps to create an account on Paypal.