![]() ![]() The card and account must be verified, where you PayPal initially tasked with 1.5 euros, which is refunded shortly. Then, you need to have a Visa card that can be used for both offline and online payments. The opening for individuals is through a personal account, and for legal entities through a business account.ĭata to be entered is an email address, data about a physical or legal entity and a currency. The first step is to open a PayPal account, directly from their site. In order to use it, it is necessary to open a PayPal user account. # Opening and use of PayPal account in Serbia PayPal will be able to use it to perform payment transactions only when it is registered in Serbia, and from the NBS receives a license and permit for electronic money issuing in country. In other words, receiving money from customers from abroad and paying suppliers in foreign is legal, and receiving money from buyers from Serbia and paying to suppliers in Serbia through PayPal is not legal. This means that in Serbia, individuals and legal entities can use PayPal for payment, purchase and billing to foreign completely legal, but there are some limitations.ĭomestic physical and legal persons are not permitted to perform payment transactions through PayPal in Serbia because it does not support the dinar as a currency. According to the official statement of the National Bank of Serbia, in Serbia payment transactions with foreign countries via foreign electronic money institutions are permitted. Our Law interprets PayPal as a foreign e-money institution. Hereinafter we will explain how PayPal in our country can be used legally and when not. But, mutual transactions through PayPal among residents in Serbia are not yet enabled. Previously, residents were only allowed to pay in foreign currency – they bought goods and services from abroad. that residents can receive money from abroad, or that in foreign currency they charge their goods and services. In Serbia, it started operating in April 2013, but after two years, the billing was made possible, i.e. PayPal users are called residents, and they can be both individuals and legal entities. ![]() It is one of the most well-known system for payments and billing over the Internet, which has over 203 million open accounts worldwide, and is available in 202 countries and supports 25 different currencies. with headquarters in California, and in Europe it is headquartered in Luxembourg. PayPal is an American company whose main business is the issuance of electronic money and provide services that are associated with payment. The most common topics and questions are: is it enabled in Serbia, how to transfer money to Visa card, how to pay, how to raise money, what is the commission, whether there is a tax. PayPal is a topic that is not yet well-known, so it’s a common topic of bloggers, freelancers, media, entrepreneurs and all the others who are following and impatiently waiting for news and changes. ![]()
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