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PayPal restrains anonymous payments in Russia

October 17, 2014, 16:09 UTC+3 MOSCOW
The international online payment system limited the maximum amount of a single anonymous payment to 15,000 rubles ($367)
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© AP Photo/Manu Fernandez/Archive

MOSCOW, October 17. /TASS/. International online payment system PayPal has imposed restrictions on e-payments in Russia, including limiting the maximum amount of a single anonymous payment to 15,000 rubles ($367), to comply with amendments to anti-terrorist laws, the system said in a new user agreement published on Friday.

Under the changes that will come into force on November 18, the system also limited the maximum amount of an anonymous account to 15,000 rubles, while the total amount of incoming or outgoing payments within a month must not exceed 40,000 rubles ($980).

PayPal also prohibited companies and individual entrepreneurs from transfer money to anonymous accounts.

The system’s procedure to identify users stipulates the necessity to provide the number of a mobile phone or a passport or some other identifying documents. The service limited the maximum amount of an identified account to 550,000 rubles ($13,465), while the maximum amount of a single payment was also set at 550,000 rubles.

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