International payment system PayPal will launch money transfer services in Russia and Ukraine, beginning September 24th. The PayPal commission for transfers to Russia will range from .4% to 1.5% of the transaction (depending on the sending nation), while domestic transactions will cost 1%. Micro payments for electronic goods sold to Russia will be subject to a higher 5.4-6.5% commission. No commission rates have yet been announced for Ukraine. PayPal had previously restricted money transfers to Russia and Ukraine creating difficulties and extra expenses for online retail traders in these countries, who had to pay commissions to use foreign intermediaries. Dmitry Shmakov, Vice President of Chronopay money transfer system, says that the new service means that "more individuals will have an opportunity to use online retail stores such as eBay to sell-buy goods" but that PayPal in these countries still lacks potential services, such as b2b interaction.
http://rt.com/business/news/russia-ukraine-money-services-945/
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