Mastercard and Visa are also reportedly halting operations there.
PayPal had discontinued domestic services in Russia in mid-2020 but still allowed cross border transactions.
Earlier this week, it suspended the creation of new accounts.
The company is also suspending its international money transfer service Xoom in Russia.
Visa transactions will stop in the coming days, the company told the AP.
Read more:Apple, Microsoft and Other Tech Companies Stop Sales in Russia
