PayPal is an online payment platform to send and receive money. It is used worldwide to transact to or from abroad, both to buy and to sell. Now, using PayPal in Argentina has its peculiarities and we will tell you about them here.
It is one of the leading platforms worldwide, with more than 200 million active users. Sending money or receiving payments is done in interaction with foreign businesses or websites.
In this sense, when operating with PayPal Argentina, some doubts arise regarding the exchange rate, commissions or financial management in general.
Both when sending money (for example, making a purchase transaction or transferring money from the platform to your bank account), and receiving it (depositing funds in your PayPal account or accepting a transfer from another account), there are several points to consider.
For all this, we developed this guide on how to use PayPal in Argentina. We are going to take a complete tour and tell you how to create an account, how it works and what PayPal Argentina commissions must be calculated. Let us begin!
What is Paypal?
PayPal is a payment platform for sending and receiving money online. In other words, it is a through which users can both buy and sell products or offer services and pay or charge for them.
Transactions can be made through multiple cards, as long as they are enabled for international payments. Among the main credit cards that the platform accepts to operate, are:
- Visa
- American Express
- Teacher
- MasterCard
- Diners Club
Let’s move on to learn all about PayPal Argentina!
How does PayPal work in Argentina? account types
There are two ways to use the platform and these are reflected in the types of accounts you can create.
In the next section we will see how to create a PayPal account. Before that, we want to tell you how PayPal works in Argentina depending on the user profile you have.
Personal account
This is the type of account for shopping and sending payments. And, how to use PayPal Argentina with a personal account? With this profile you will be able to:
- Buy where they offer this means of payment.
- Pay using only your email and password.
- Be covered by PayPal Buyer Protection, if your transaction qualifies.
- Do without your card data in each purchase you make.
business account
With this account the objective is to sell and receive payments. Let’s see how PayPal works in Argentina in this case and what the platform allows you to do:
- at an international level offering this means of payment and accepting the main credit cards worldwide.
- Receive money through your , application or e-mail.
- Avoid monthly or opening commissions.
These are the two ways PayPal works in Argentina. With this information, are you thinking of creating a PayPal account to start using the platform? Next, we will tell you how to do it.
Create a PayPal account: step by step
Opening a PayPal account requires you to have an email address. With this you will be able to create a profile at no cost. Then, continue to associate your card and bank account to the account, to start operating.
In the next two sections we will tell you how to create a free PayPal Argentina account to start sending and/or receiving money to your linked accounts. Let’s go!
How to open a personal PayPal account
To create a PayPal Argentina Personal account to buy and send payments, follow these instructions:
- Enter the .
- Click on the button that says “Register free of charge” inside the Personal Account box.
- Indicate your phone number and verify it by entering the code that they send you at the time.
- Fill in your first name, last name and email information and generate your password.
- Read and accept the terms and conditions by clicking on “Accept and create account”.
Clever! You already have a PayPal Argentina account. Next, you can associate a credit card (or more) to use the platform by buying a product. If you are not going to make a transaction at the moment, you can leave this step for later.
In case it helps you to see it in audiovisual format, we leave you the video tutorial to create a PayPal Argentina account.
How to open a PayPal Business account
These are the steps to create a PayPal Argentina Business account to sell and receive money:
- Enter the .
- Click on the button that says “Sign up for free” inside the Business Account box.
- Complete the data form with the legal name and surname of your company, your email and generate a password.
- Read and accept the Terms of use and the Privacy Notice.
- Click the “Accept and Submit” button.
Then, you will be able to choose how you want to receive payments and start selling!
This is the ideal profile to perform under a work modality, that is, offering services independently.
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How to use PayPal in Argentina?
There are basically two ways to use PayPal in Argentina: sending or receiving money.
- When buying and sending payments online, you will be able to carry out transactions on foreign websites without sharing your card information, because it is previously loaded in PayPal Argentina.
- To sell or receive payments online, the platform allows you to do it around the world and get the payments on your website, or email.
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In each of these scenarios there are multiple variants. If you are wondering how to withdraw money from PayPal Argentina, what are the PayPal Argentina fees or how the platform works, then you will find all the answers.
How to send money with PayPal Argentina
We have two ways to send money with PayPal. On the one hand, transfer it to someone else’s account, on the other, direct it to your own bank account.
In relation to PayPal Argentina’s commissions, in both cases the platform charges a cost per transaction. Later we will tell you in detail about these percentages.
We are going to know how PayPal works in Argentina in these two scenarios.
Transfer money to another person
- Access the PayPal account.
- Click on “Send and request money”.
- Go to the “Submit” tab.
- Enter the email, phone or name of the person to whom the money is to be transferred. Click on “Next”.
- Indicate the amount of money to send along with your currency. A message can be added.
- Detail the link, that is, if it is a shipment to a friend or relative or if it is a payment to a professional for a service provided, for example.
- Indicate if the money transfer must be from the PayPal balance or a card. Click on “Next”.
- Review all the data entered to avoid inconveniences and click on “Send money” to confirm the operation.
The transfer of money to another person with your PayPal Argentina account is usually credited immediately.
Send money to your account to withdraw funds
- Access the PayPal account.
- Enter the “My Portfolio” section.
- Go to “Transfer money” » “Transfer to bank account”.
- Select if you are going to direct the money to a bank account or to an associated card.
- Indicate the amount.
- Review all the data entered to avoid inconveniences and accept to confirm the operation.
This is one of the ways to withdraw money from PayPal Argentina. If the shipment is made to a bank account, the crediting usually takes between one and five business days.
So far we have learned how to withdraw money from PayPal Argentina and how to send it to another person. Now we are going to see the opposite circuit: when you are receiving the funds.
How to receive money in PayPal Argentina
There are three ways to receive funds in your PayPal account. You can deposit the money yourself, receive a transaction initiated by another user on the platform, and finally get a refund amount.
However, the first operation is not enabled in Argentina, due to certain national restrictions.
Let’s see, then, how to use PayPal Argentina in the other two cases.
Receive a transfer from another account
By indicating your email or phone number associated with your account, another user will be able to order the transfer and you will receive the money.
- Access the PayPal account.
- Go to “Send and request money” » “Request”.
- Write the name, e-mail or telephone number of the person from whom you are requesting the funds.
- Detail the amount that corresponds to pay and the currency.
- Add a reference note and click on “Send”.
- Clever! With this, your contact will receive an email with a link to which they must go to proceed with the payment.
🧾 Professional tip! With PayPal Argentina you can generate an invoice to send to the client to whom you .
This operation is also carried out from “Send and request money” » “Request” and, this time, in the menu on the right you are going to select “Create invoice”. Complete the data of the services provided and their price. The client will receive it by email and pay it through the platform.
receive a refund
If the situation is that you made a purchase and requested a refund of the money, the seller will manage the operation in your account. When that is done, you will receive the funds in your PayPal account. You don’t need to do anything.
It should be clarified that it does not matter if you paid through funds in the account or on your card, in both cases the refunds are always made to the platform account.
Are there PayPal fees in Argentina?
For transactions between two accounts located in Argentina, PayPal does not charge commissions.
PayPal Argentina charges a commission when the operation involves a currency exchange, for example, from dollars to pesos. In this case, the commission is 4.5%.
If a transfer is made between two own accounts in different currencies, there is also a PayPal Argentina commission, but it is 3.5%.
It should be noted that there is an exchange restriction for operations in PayPal Argentina and it is based on the fact that all operations are converted to pesos. For this, the current quote is taken 72 business hours after payment authorization.
Finally, it should be mentioned that there is a limit of $30,000 for Argentine accounts in…
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