Paypal Shuts Down Services In Russia Over Ukraine Invasion
The company’s president Dan Schulman said that his company “stands with the international community” in condemning Russia’s invasion and that “under the current circumstances we are suspending PayPal services in Russia.” A company spokesperson said PayPal would temporarily support withdrawals to ensure “account balances are dispersed in line with applicable laws and regulations.” PayPal’s move also applies to its money transfer tool Xoom. PayPal had only allowed cross-border transactions by users in Russia but stopped accepting new users in the country on Wednesday, Reuters reported....