SaldoAr: This is how you can exchange your PayPal balance for bolivars

Although Paypal suffers from several disadvantages —such as its high commissions and the difficulty in withdrawing funds—, it continues to appear among the main payment methods when making international transactions. Luckily, several fintechs have proposed themselves as intermediaries to exchange Paypal balance for bolivars or some other currency, including SaldoAr. 

The platform –also known as Saldo.com.ar–, serves as a means of exchange to guarantee secure and transparent operations of PayPal and other similar payment gateways. Here we tell you how it works. 

What is Balance.com.ar?

It is an Argentine fintech that offers the service of buying, selling and exchanging digital balances from platforms such as PayPal, Payeer, Payonneer, Skrill, Uphold, Zelle and Wise for Argentine, Colombian, Mexican pesos, euros and bolivars.

According to its founders, Saldo.com.ar was created to help people exchange money faster and with an optimal rate, assuming a viable alternative for those who receive a balance constantly through PayPal and other gateways. payment mentioned.

Users using SaldoAR can also convert their bolivars to a PayPal balance, all without the need to register on the platform. Of course, the price is usually a little lower than the official dollar rate.

In general, the operations are usually made effective within a period ranging from 24 to 48 hours. You can choose the option of bank transfers or mobile payment.

Who can use Saldo.com.ar?

All people who so wish can use SaldoAR without major complexities. Upon entering its website, each user must fill out a form to place the order and determine the amount to be traded.

If you are the owner of the issuing account, for example PayPal, you can not only receive the bolivars in your bank account, but also in that of a third party.

How does Balance.com.ar work?

With more than 10 years offering the money exchange service in Argentina and some LATAM countries, SaldoAR is characterized by having an intuitive platform that facilitates transactions.

If you have doubts about how it works, here we will clarify them. Follow the following path:

#1 Open the browser of your choice and look for the website of SaldoAR (https://saldo.com.ar/) 

#2 Enter your first and last name and email address.

#3 SaldoAR will ask you to enter your email and click on the confirmation email that was sent to you.

#4 Once you do it, you will already be inside the platform.

The design of the web platform is quite practical. The main menu shows the real-time calculator from which you can exchange bolivars for PayPal balance, or vice versa. 

In addition, in one of the tabs you will have a promotions section from which you can opt for discounts of up to 5% in exchange operations. Of course, you must first grow your history and become a level 3, 4 or 5 user.

Steps to exchange PayPal balance for bolivars with SaldoAR

You can do this operation without registering. However, when you are part of the platform, the process is much simpler and more automated. This is what you should do:

1. In the main menu, define the amount of PayPal balance you want to change. For example, if you want to change $100 from PayPal, you will receive 2.149 bolivars in your account, almost 300 bolivars less than the 2.444 bolivars you can get with the BCV rate (24,24, dated 4-4-23).

2. Select your PayPal account and choose the payment method that is most convenient for you. If you decline by bank transfer you must provide the account number, while with mobile payment you will have to choose the bank and telephone number.

3. The third step is to write your WhatsApp number. Once you advance, the platform will probably ask you to send a photo of your identity card or passport to verify your data.

4. Finally, SaldoAR will tell you that the operation is already in process and will send you an email notifying you of the amount you will receive.

5. Based on the experience of other Venezuelan users, you will probably receive the money in one or two days.

Can I exchange my PayPal balance for USDT? 

The answer is a resounding yes. But not only PayPal, you can also convert the balance you have in Wise, Payeer or Payoneer into USDT (Theter), Bitcoin or DAI and send them to your Binance wallet. 

The steps to achieve this are practically the same as to convert those digital dollars into bolivars, the difference is that you must paste your wallet address into SaldoAR and choose the appropriate network for each cryptocurrency.

Assuming you want to convert your PayPal balance to USDT, select the TRON (TRC-20) network and hit pay. 

What is the minimum amount from PayPal to bolivars that I can exchange? (+ other platforms)

As reflected by the platform, the minimum exchange amount from PayPal to bolivars and vice versa is 5 dollars. The same amount also applies to Wise and USDT for bolivars.

For Payoneer, the lowest exchange amount is $50, while Skrill's is $10.

What are the commissions of SaldoAR?

Unlike other platforms of its type, SaldoAR does not establish a variable amount of commission, but it is included in the calculator that shows the conversion in real time. For this reason, it is common for exchange rates to be lower than that of the BCV.

To understand this a bit, imagine you want to exchange $100 from Payoneer to your bank account. The calculator will reflect that a total of 2.216,05 bolivars will arrive in your account, 227 bolivars less ($9,32) than the BCV rate.

If you want to change USDT to bolivars, the 100 dollars will become 2.345,01, a little more than Payoneer or PayPal. 

Advantages and disadvantages of Saldo.com.ar

It is more than clear that SaldoAR is a fintech with multiple solutions to facilitate the exchange of money in LATAM. But like all platforms of its kind, it has some benefits and other conspicuous drawbacks that should be taken into account when joining it. Here we summarize them:

Advantages

• Possibility to change PayPal and Wise balance safely. There is no need to go to informal exchangers on Telegram.

• Easy to use. In a little less than 5 minutes operations can be carried out.

• It serves as an alternative for freelancers who receive recurring payments through PayPal and other platforms.

• Commissions included in the exchange rate.

Disadvantages

• The crediting of funds can take up to 2 days.

For Venezuelan remote workers and people who use PayPal or Wise to receive and send payments, SaldoAR is a fintech that can serve as an ally in converting digital dollars into bolivars transparently. 

In future articles we will show you other platforms similar to SaldoAR that have gained ground in Venezuela.