Transferring PayPal to PerfectMoney- What You Should Know |
Posted: May 19, 2017 |
Although still relatively new compared to most of the other payment systems, PerfectMoney has been increasing steadily since its inception and most industry players strongly believe that it will soon be among the most widely used online payment systems in the world within the coming years. The steady growth is attributed to the flexibility and versatility of the payment systems which allows users to execute different types of online transactions in real time, unlike most of the existing payment systems which restrict payments to some specific transactions only. It also offers a high interest rate of up to 4 percent on all account deposits thereby allowing users to grow their money even without actually having to do anything at all. But there is one problem- because of the fact that the payment system has not been here for long and is yet to gain full popularity, there are limited ways to deposit money into your PerfectMoney account, particularly if you want to transfer money from a different payment system. How to Transfer PayPal to PerfectMoney First of all, both PayPal and PerfectMoney maintain very strict policies regarding money laundering and therefore there is no official facility that allows for the transfer of funds from PayPal to PerfectMoney directly. If you want to do so then your best chance would be to work with one of the many online exchangers out there who offer this kind of facility as third parties. Note that you will be charged a small fee by the exchangers as commission for using the facility and this fee will be charged as a percentage of the total amount of money that you wish to transfer between the two accounts. There are two options that users can choose from when trying to transfer funds from PayPal to PerfectMoney and both are explained below; Direct automatic transfers Some exchangers have special, dedicated software that automatically transfer funds between the accounts for the users. All the users have to do is provide the details of both accounts within the software, specify the amount of money and the currency in which they want it transferred then they will be directed to an online checkout page where they can log into their PayPal accounts to complete the transfer. In most cases however the users will first be required to create a separate account with the exchangers before they can be able to transfer the funds. The entire process usually takes a couple of seconds since everything is automated. Manual transfers Majority of the exchangers that transfer PayPal to PerfectMoney for their customers usually do manual transfers instead of automatic ones. In this case the customer requests the transfer and is then given a new PayPal account into which they send the funds that they wish transferred. The new account belongs to the exchangers and once they receive the funds in the account they will then forward the amount minus a small commission to the PerfectMoney accounts of the customers. The process might take a little longer than the automatic transfer but it is just as effective.
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