Romanians don’t need credit cards anymore to shop with PayPal; instead, they can top-up their PayPal balance directly from their bank accounts, due to a service recently launched PayPal and TrustPay on the Romanian market. For now, eight of the most important Romanian banks are offering to their customers the option to use this service.
PayPal bank top-up feature allows its Romanian users to easily transfer money from their local bank account to PayPal account and pay online. The service is beneficial for PayPal users who prefer to use their bank accounts for paying online and do not want to rely on bank cards. Funds or balance in the PayPal account will enable consumers to shop faster and safer worldwide.
When it comes of the way the service function, PayPal users just needs to log in their accounts and transfer the desired amount (ranging from Euro 3 to Euro 2,000) from the bank account to TrustPay’s bank account. The money will be transfered in users’ PayPal accounts in no longer than 4 hours of the same business day when it comes of partner banks and in no more than 1-2 working days when it comes of other Romanian banks.
We needed the best partners to launch this service on the Romanian market, a very dynamic market, that keeps growing every year and where consumers turn more and more towards online in order to buy the products they desire.
Our partners in making online purchasing easier and faster for our Romanian customers are banks with solid reputation on the market, such as CEC Bank, Banca Comerciala Romana, Banca Transilvania Romania, UniCredit Tiriac Bank, Raiffeisen Bank, VolksBank, Bank Leumi and Alpha Bank.
Bank top-up of PayPal accounts offer Romanian PayPal users the opportunity to securely pay online with PayPal in 193 markets, whether they want to use their bank card or bank account.
Head of Business Development, PayPal Central and Eastern Europe
Online topping up PayPal accounts is free, as neither PayPal nor TrustPay charge any fees. The service was developed and is operated together with TrustPay a.s. – provider of online payment solutions, institution regulated and licensed by the National Bank of Slovakia.
Also, PayPal registered, in the third trimester of the current year, a number of active accounts up by 5M, to 137M. Also, company’ revenues increased 20%, to $1.62BN, while the total payment volume reached $44bn, up 25%. During Q3, PayPal processed 729M transactions .
PayPal is the faster, safer way to pay and get paid online, via mobile devices and in store. The service allows people to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With over 137 million active accounts in 193 markets and 26 currencies around the world, PayPal enables global commerce, processing almost 8 million payments every day. PayPal is an eBay (NASDAQ:EBAY) company. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal.com.