PayPal To Halt Services in Puerto Rico

Paypal announced to its U.S. customers via email today that it is ending its Puerto Rican service. The message read in part: “Person to person payments will not be made available for payments sent from Puerto Rico”

The move was prompted by a 2% transaction tax instituted by the Puerto Rican government- a form of soft capital control.

https://smaulgld.com/pay-pal-pulls-out-of-puerto-rico/