VESELIN JEVROSIMOVIC: It is illusionary to expect that PayPal introduces dinar as a payment currency!

- The problem is that it is against the law in Serbia to conduct business in any currency except dinar. To expect from Paypal to introduce dinar as a payment currency is illusionary, which leaves us with the solution of changing our domestic  legislation - Veselin Jevrosimovic wrote in this week's column in the 'Informer'

Veselin Jevrosimovic, the owner of the company Comtrade, wrote about Paypal service in this week's column in the 'Informer' daily news.

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The arrival of the Paypal in Serbia - the possibility of using this world's biggest e-business service and safely exchanging money through the internet - has been an important question for years. It mattered for everyone who used modern technologies as well as for the experts.

Although this may seem as trivial subject, it has shown in many cases that the inability to use Paypal prevented the inclusion of domestic companies into the IT  market worldwide. This service simply became a necessity for conducting a safe business online, and without it is simply impossible to offer your service or product online. We have missed many important opportunities while we waited for Paypal.

When it finally arrived, it turned out that it functioned as a one-way street. It was only possible to use it as a way of paying, not selling. To be honest, it finally worked both ways in the October last year, but only for three days, then the possibility of export was aborted again. The explanation was that our domestic legislation was vague, which was the reason why we waited for the Paypal in the first place. This time, it turned out that the problem was the inability to conduct business in Serbia in any other currency but dinar.

It is illusionary to expect that PayPal introduces dinar as a payment currency so the only solution would be the change of the domestic legislation. In the meantime, everyone that is ready to export knowledge will suffer - software developers, freelancers, entrepreneurs and small businesses. The roll of this group in improving Serbia's economy is not insignificant. It is actually the opposite. The only question is whether we want to help them with launching their ideas, skills and products on the global scene. That would benefit to us all in the long run, for we would have our IT experts recognized, tax income increased and finally, we would prevent the skilled youth from leaving the country''

(Telegraf.rs / Informer)