PayPal Community

It's more likely that they might even terminate the current option to just pay through PayPall.   With this new legislation basically they will be limited in the way they currently use the money that we pay through PayPal, because the funds will have to be "kept in separate accounts in the National Bank, or in commercial banks or savings banks," also now they will have to obtain a permission to operate for our market, that will probably include some kind of fees "The application of the new legal framework is expected to strengthen the competition in the market of payment services by enabling the entry of new payment service providers who will have to obtain the appropriate permission from the National Bank.", and this just might be too much to be bothered with for them so I can see only terminating any payment options with our country as the only option for their corporate management as the only logical solution. I wish I'm wrong and that the processes would go for the better from now on, but I learned from my life experience it's best to prepare for the worst, because one day the worst will arrive at your doorstep.  ... View more

Don't bother asking, they made their decision a long time ago. Even when all of the conditions exist (Like local regulation and opportunities), they still chose to ignore any potential expansion to this local market.  I can strongly recommend Payoneer, I've been using it for almost 3 years now on a monthly basis without any problem and even it has a debit card that you can use on any ATM in the country. Also If you need to receive money from a business account from USA you can with Payoneer since it supports Wise and other payment platforms. The only way that I can see PayPal offering the service for receiving money to Macedonia, will be when (or if we ever) join the EU and the open market as a as a member state of the EU. Then they will have to offer it as a part of the internal EU market place regulation, and even then they will probably stretch to the maximum allowed time span to integrate a new member market into their platform. (probably like +7 years from the date we potently enter the EU as full member country). We are just a small worthless market for big corporations and that's why they take the long way around our small market place, by the end of the day it's the overall payment potential of every single individual that's weight in and for them it's a small income that they can easily live without. That's why you'll never see big brands like IKEA, LIDL and others opening their own shops locally when they can cover the small population with their current shops in surrounding countries. Current big brands are present in the country because of franchise brand deals made with them by a local corporation not because they chose to be present in our small local market. So instead of hoping for the best, prepare for the worst and find yourself an alternative to receive money in Macedonia, ... View more

Hi @PayPal_Olivia    Here is the link to the same link in English: http://www.nbrm.mk/ns-newsarticle-soopstenie-29082019-en.nspx This is a Decision on the manner and the terms under which residents that are not authorized banks may open and hold accounts abroad. The amendments allow citizens and companies to open and hold accounts with all foreign electronic payment transactions services that will provide their services for the residents from our country. They will be able to use these accounts solely for commercial purposes or for purchasing and/or selling goods and services electronically. Whether and when citizens and companies will be able to open an account with a particular electronic service and what services they will be able to use (whether only for payment or also for collection), each of the services decides separately, thus making their business decision on the basis of their own analyses and assessments. The National Bank of The Republic of North Macedonia is the governing body that regulates all of the financial sector in the country.   This decision was made around 24-August-2019, that's why people are asking about when PayPal is going to allow for money to be received to Macedonian accounts especially since other electronic payment transactions services like Skrill and other are already making steps toward opening this option to Macedonian users. ... View more