|| Paypal Works Fully?
||Paypal does not work in Example
||Paypal allows receive money, but not to cash it.
I can use it as E-wallet to pay where paypal is accepted
|Bank Transfer, person-to-person transfer (Wester Union or similar)
||Paypal works for inbound and outbound traffic with 2-3 work days for clearing (tested with Commerzbank). No need of further actions except manual withdrawing.
||Wire Transfer, Western Union
||Payments that I receive go to my pending balance for 30 days, I can't use or withdraw them. After 30 days, pending payments go to my available balance, and they will automatically go to my credit card at the beginning of the month. All this process is really long!
||Bank Transfer, Western Union or similar
||Paypal works for inbound and outbound traffic with 24 hrs for clearing (tested with Commerzbank). No need of further action besides manual withdraw. After withdrawing, it may take up to 3 days for money to show up in the balance
||Bank Transfer, Western Union
- Western Union
- Able to send money through their online platform; no longer necessary to visit a local agency.
- They accept credit cards.
- They operate in more than 200 countries across the globe.
- Unfortunately, they have relatively higher fees compared to other platforms.
Incomplete info about Paypal in Latam