PayPal bans domestic transactions in Argentina

Money transfers

PayPal is no longer allowing users in Argentina to transfer money between their own accounts. According to the BBC, the online payment service said that from 9 October, Argentinian PayPal users will only be permitted to send and receive international payments. The move comes after Argentinians began using the service as a way of circumventing government restriction on the purchase of US dollars. Locals were setting up two accounts under different email addresses and transferring money between the two, exchanging local currency pesos for dollars in the process. The new rules mean that only one account per person can be registered within Argentina.

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