Thursday, November 12, 2015
Even a €0.99 song from iTunes is what people of Greece can't buy !!
Greece has a lot of problems right now as a result of the debt crisis, but one that you might not have immediately anticipated is that online services that require credit or debit payments to a foreign company are broken.
Let's hope best for the people of Greece .
The Greek government’s imposition of capital controls – which restrict citizens’ ability to take money out of the country – following its failure to make debt repayment, also mean they can’t buy a €0.99 song from iTunes or grab new apps.
Of course, it’s not the biggest issue faced by the country, but it is another source of frustration for put-upon Greeks, and a yet another significant headache for developers and startups there who are already struggling.
PayPal, which is central to a lot of online transactions, is also unusable for most people. Essentially, any feature of an online service that requires a credit card is broken for Greeks.
PayPal said in a statement:
We are carefully monitoring the situation in Greece and progress of negotiations between the Greek government and its lenders.Due to the recent decisions of the Greek authorities on capital controls, funding of PayPal wallet from Greek bank accounts, as well as cross-border transactions funded by any cards or bank accounts are currently not available.
Let's hope best for the people of Greece .
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