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Discover how PayPal works in Argentina: complete guide
If you're a freelancer or a small entrepreneur in Argentina looking to expand your business abroad, you've probably already heard about PayPal This platform is presented as a solution for receiving payments from anywhere in the world.
But, How does PayPal work in Argentina? What should you keep in mind? What are the fees and limitations? Don't worry, in this article we clear up all your doubts and more
What is PayPal?
PayPal is an online payment service that allows you to send and receive money from different parts of the world It is one of the tools most used by freelancers who want to receive payments from abroad in a simple and convenient way.
However, in Argentina it is also used for:
Online payments: you can buy from national and international online stores that accept PayPal.
Send money: to family and friends, both in Argentina and abroad.
How does PayPal work in Argentina?
PayPal works 100% online, you just have to log in to the app or web to create your account and take advantage of the services.
Opening a PayPal account for the first time is completely free, and you can do it by following this link. Once you've completed all your information and have your account active, you'll be able to send and receive money globally
What do you need to create a PayPal Argentina account?
To create your account PayPal in Argentina and use it, you'll need to enter the following information:
Personal data: first name, last name, date of birth, mailing address, and phone number
A valid email address: it is your identifier on the platform.
A payment method: you can link a credit or debit card to your account to make payments. If you don't intend to buy anything with PayPal, you can leave this step for later by clicking “I'll do it later”.
How do you link a bank account to PayPal?
Once you have your PayPal account, you can link a bank account (whether from Argentina or the United States) to withdraw the money you have on the platform in a simple way. The step-by-step process is as follows:
Log in to your PayPal account
Go to the “My Wallet” section
Click on “Link a bank account”
Specify the CBU, your full name, and click on “Link bank account”
Important: The bank account has to be under the same name as the PayPal account holder.
If you link an Argentine bank account, you'll receive your payments in pesos. If you'd prefer, you can also link the dollar account we offer through belo, which works like a U.S. account for receiving payments in digital dollars
How to receive money through PayPal Argentina?
With PayPal, you'll receive money when someone sends a payment to your email address or cell phone number Once this happens, the platform will notify you and the funds will be credited as balance in the PayPal wallet.
It is important to clarify that at all times you can send a payment request or create an invoice from the same platform To do this, just go to the “Send and request money” > “Request”.
How to send money with PayPal Argentina?
There are two types of transfers you can make with PayPal: send money to another person or transfer funds to your bank account (useful for withdrawing what you earned, for example). Below, we explain how to do both:
To send money to another person:
Log in to your PayPal account.
In the main menu, select «Send and request money».
Within that section, click on «Send».
Enter the email address, phone number or name of the person you are going to send the money to, and press «Next».
Specify the amount to transfer, select the currency, and, if you want, you can add a message for the recipient.
Indicate whether the payment is for a friend or family member or if it is a payment for a product or service.
Choose whether you want to use your PayPal balance or a linked card as the funding source, and then press «Next».
Review all the details of the transaction and, if everything is correct, confirm the transfer by clicking «Send money».
Payments to other PayPal accounts are usually completed in seconds.
To transfer funds to your bank account:
Log in to your PayPal account.
Go to the «My Wallet» section.
Click on «Transfer money» and select «Transfer to bank account».
Choose whether you want to send the money to a bank account or to a linked card.
Specify the amount you want to transfer.
Review the transfer details and accept to complete the operation.
Withdrawals to your local bank account can take between 1 to 5 business days.
Want a faster and more flexible option?
With the dollar account we offer from the belo app, you can withdraw your PayPal balance quickly and easily. We provide you with a U.S. account number and routing number, which you can connect to PayPal to withdraw your money, without converting it to pesos.
The credit is usually instant, and the funds arrive in your wallet as USDC balance, which you can then convert to pesos or use directly to pay, save, and transfer.
Go to this article to learn more details about how to withdraw your money from PayPal and use it instantly in Argentina with the belo app.
I want to withdraw money from PayPal with belo
PayPal Argentina fees
Remember that the platform charges fees for:
Receiving payments for a purchase.
Receiving or sending payments from outside your country or region.
Currency exchange.
The amounts may vary, so it is important that you check the official PayPal page for the most up-to-date and accurate information However, it could be said that the fee is approximately 3.5% for a transfer between two own accounts, in different currencies.
