Online money transfer platform PayPal will not permit transactions between two Argentine accounts from next month.
The company issued a country-specific amendment to its user agreement, stating that from the 9th October: “Argentina resident PayPal users may only send and receive international payments. Domestic payments between two Argentina resident PayPal users is unavailable”.
The amendment later defines ‘Argentina resident’ as “an individual, regardless of actual nationality, that selected Argentina as his/her country at the point of signing up for a PayPal account”. Business groups, partnerships or associations that registered in Argentina will also be affected by the new rule.
PayPal, which is a subsidiary of Ebay, has so far not provided a motive for the decision.
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