As of July 1st, 2020, PayPal will no longer provide service to customers in Afghanistan, Cuba, Iran, North Korea, Sudan, and Syria. This is due to US economic sanctions against these countries. PayPal has notified affected customers and provided them with instructions on how to withdraw their funds. This is a significant change for PayPal, which has been increasingly expanding its operations into new countries. PayPal has been available in Afghanistan, Cuba, Iran, North Korea, Sudan, and Syria since 2014. However, US economic sanctions against these countries have made it difficult for PayPal to continue doing business there. The US government has been ratcheting up economic sanctions against these countries in recent years. In November 2018, the US Treasury Department imposed sanctions on Iran that made it illegal for US companies to do business with Iran. In August 2019, the US government imposed sanctions on Cuba that made it illegal for US companies to do business with Cuba. PayPal has been working to comply with US sanctions against these countries. In May 2019, PayPal stopped processing payments for Cuban customers. In June 2019, PayPal stopped processing payments for Iranian customers. The US government’s economic sanctions against these countries are having a major impact on PayPal’s business. PayPal is just the latest US company to pull out of these countries due to US sanctions. Other US companies that have pulled out of these countries include Google, Facebook, and Twitter.
Paypal is an online payment system that allows users to send and receive money. Paypal has been in operation since 1998 and is available in 192 countries. Paypal allows users to withdraw money from their account to a bank account, debit card, or credit card. Paypal also allows users to receive money from other paypal users.
In light of recent events, PayPal has decided to withdraw its services from certain countries. This decision was made in order to protect the company and its customers from potential risks. PayPal has not provided any specific details about which countries it will be withdrawing from, but it is likely that these countries will be ones where there is a high risk of fraud or political instability. This move will inconvenience some users, but PayPal believes that it is necessary in order to keep its customers safe.