Greece is a market where cross-border purchases from overseas sites make up a notable share relative to the size of its domestic e-commerce, and many consumers choose PayPal as a trust mechanism rather than entering their card number directly on an unfamiliar overseas merchant site. Since the 2015 capital controls, electronic payments in general have become part of daily life, and acceptance of wallet-based payments has risen along with it. Service within Europe is provided by the Luxembourg entity PayPal (Europe) S.à r.l.

This is especially effective for merchants that will inevitably be a first encounter for Greek consumers, such as a Korean brand's D2C shopping site. While it can win over customers who trust buyer-protection schemes, dispute filing is correspondingly active as well, so managing shipment tracking information is important.

When a consumer logs into their PayPal account and approves the payment, the approval result is delivered in real time, and PSD2's Strong Customer Authentication (SCA) is handled during PayPal login and device authentication. Since the card number is never exposed to the merchant, this structure reduces drop-off among first-time buyers. Approved funds are received by Hecto Financial in euros (EUR).

Acceptance of PayPal for Greek consumers can be reviewed through Hecto Financial on the basis of a Korean corporate entity. However, some industries, such as digital content and travel, may be subject to additional review under PayPal's merchant policies, so prior consultation is needed along with your industry and transaction volume.

• Business registration country

  Confirm contract eligibility as a Korea-based business

• Sales channels

  The integration approach and priority vary depending on your mix of online sales channels, such as your own store, open marketplaces, and mobile apps

• Product categories

  Advance confirmation is needed as to whether your business falls under PayPal's restricted-industry merchant policies

• EU regulatory compliance

  Confirmation is needed on compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Proceeds from Greek consumers' PayPal payments are received by Hecto Financial in euros (EUR), then converted and settled to the Korean merchant in one of USD, KRW, or JPY as selected at contract. Since PayPal disputes and refunds can be deducted from settlement, be sure to reflect dispute-response deadlines in your operating process.

• Bank of GreeceOfficial information on Greece's payment system and related regulations. If this page's content differs from actual regulations, the official source takes precedence.