“Since [exchange controls] were introduced in November 2011, Paypal has been used as an alternative means of obtaining the US currency close to the official exchange rate, which currently stands at about 4.7 pesos per dollar. In September the government established a new 15% tax on all purchases made abroad, affecting credit cards and purchases made on international websites like Amazon and eBay, and transactions made on Paypal. Following local media coverage about complaints over constraints to the Paypal service, the company acknowledged that the blockades were imposed by local banks.”
http://www.bbc.co.uk/news/technology-19605499
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