Want to know how to make PayPal in Pakistan? Make sure that you read the whole guide because we have taken into account all the ways that you can make a working PayPal account and brought the best for the best tips for you!
In 2019, one American company which remained in limelight in Pakistan was PayPal. PayPal declined the Pakistani Government offer to initiate its services in Pakistan.
The question is why the Pakistani Government wants PayPal to start its services in Pakistan. To find the answer to that question you can look at some of the stats related to freelancers and SMEs (small and medium).
Pakistan is the fourth largest freelancer community in the world. According to an estimate of Payoneer, Pakistani freelance community bring about $1 billion to Pakistan via other sources.
According to one estimate Pakistan has around 200,000 freelancers and over 7,000 registered SMEs (small and medium). If you look at stats you will see that a lot of people can use the services of PayPal.
PayPal is an American company which provide online payments system to people worldwide. PayPal enables you to pay, send money and accept payments online. PayPal charges a fee in exchange for their services like one-click transactions and password memory.
PayPal is one of the most secure and fastest ways to send and receive money online. PayPal provides its services in 202 markets and it has 286 million active, registered accounts. You can send, receive and hold funds in 25 currencies worldwide if you have a PayPal account.
PayPal was established in December 1998 as Confinity. In March 2000 Confinity was merged with X.com. Elon Musk founded X.com which later changed its name to PayPal in 2001. You can use PayPal on your smartphone. PayPal app is available both in android and IOS.
PayPal is a simple and fast way to send, receive money and buy things online. On many websites, you will see PayPal as the preferred method of payment. There are several benefits of PayPal and some of it is given below:
PayPal enables sellers to accept payments from buyers quickly and easily.
PayPal allows its members to make an instant transfer of money. PayPal members can transfer money from PayPal accounts to bank accounts in less than 24 hours.
PayPal transaction fee is also low and affordable for many people. The fee to use PayPal is 30 cents per transaction, plus 3% of the total amount of the transaction.
PayPal members offer guarantees to buyers and sellers as well. They have a process for disputed transactions so a buyer won’t have to worry when they did not get what they have ordered.
PayPal gives users protection and provides a much better level of account protection as compared to competitors.
PayPal members can easily keep track of all the transactions.
Most e-commerce website uses PayPal as their payment method. So members of PayPal can easily shop on these websites.
We all know that Pakistan E-commerce and the freelance market has huge potential. Small companies in cities like Sialkot and Faisalabad have the potential to set up their brands online and sell their products internationally. All international customers trust PayPal and PayPal research shows exactly that.
With PayPal as your payment gateway can increase sales of your e-commerce website by up to 50 per cent. Trust is one of the important factors in e-commerce and freelancing.
With PayPal, our people can get more business from international customers due to the trust factor in PayPal. People who are running their e-commerce websites and getting work from sites like Fiverr, Upwork and People per hour use the accounts of their relatives who are living abroad. With PayPal, they can easily receive payments from international clients.
Due to no availability of PayPal in Pakistan, people search a lot about “How to make PayPal in Pakistan”. People search about PayPal on Google and ask like questions like
These are the questions that people ask more often so we will try to answer all of them in this article but first, we will tell you about “How to make PayPal in Pakistan”. We are going to answer everyone of them in this article.
To make a PayPal account in Pakistan you need to follow some steps. However, if you have a relative abroad who has a PayPal account then you don’t need to fill sign up form on PayPal.
To create a PayPal account you need to follow some guidelines:
You can create a business account as well and PayPal offers two options in business account category. One is the standard account and other is a pro account. In the standard account, customers must route through PayPal to check out.
In Pro accounts, you get full control over how you want to design the checkout process. The cost of this account is $30 per month. The Standard free business account is best for users who buy and sell a lot of things on eBay.
If you want to receive payment from international clients in Pakistan then you must have to create a Payoneer Account. Payoneer is being accepted in 200+ countries with 150+ currencies making it widely accessible. Here are some steps to create a Payoneer Account.
After successfully creating a Payoneer account, you need to apply for Payoneer Card to receive payments from PayPal. Here are some guidelines:
Congratulations you have successfully created Payoneer account but the process is not over yet. First, your card will be approved which will take 1 to 2 days and your card will be shipped in 3 to 4 weeks.
After receiving the Payoneer card, you must activate it and do that we have to login into our Payoneer account. Here are guidelines for activating Payoneer card:
Congratulations your Payoneer card is activated and ready for use.
You all will be thinking that we have made a Payoneer account and “how we are going to receive payments for international clients or customers as we haven’t linked our bank account to PayPal.
So the next step will be about linking PayPal account with Payoneer account. When you login into your PayPal account you will see that your account status is unverified.
As PayPal does not operate in Pakistan so you will need a bank account from the United States to get verified PayPal Account in Pakistan. This is where your Payoneer account comes into play because it allows you to send or receive funds through PayPal.
Payoneer is an online transaction making company and you can link its account with PayPal easily.
You have Payoneer Debit Master Card which allows you to withdraw funds from any ATM of Bank Alfalah, MCB Bank, Standard Chartered Bank & Faysal Bank.
This is the most important step in “How to make PayPal Account in Pakistan”. Here are some steps to you should follow to link your Payoneer account with PayPal account:
This is the legal way to use PayPal in Pakistan and please don’t fall into the traps of scammers. They will sell you fake PayPal accounts for some Rupees. So try to follow these steps and make a legal PayPal account in Pakistan.
If you can afford to travel to Dubai, USA or any other country where PayPal has its operation then you can create a PayPal account. Just open a bank account in Dubai and simply signup from there.
Xoom is PayPal Service that enables users to electronically transfer funds and allows its users to send money, pay bills and reload mobile phones from the United States and Canada to 131 countries.
Xoom is a money transfer service owned by PayPal which has its operation in Pakistan. When the Pakistan Government was collecting donations for building two dams in October 2018, they used Xoom as well to receive donations from people.
Many people are not familiar with this method and they fall prey to scammers by buying PayPal Account. You can create and access your PayPal in Pakistan. You just have to complete some steps to ensure secure payment into your PayPal account.
Most of the Pakistanis are using PayPal through this method. They use their Payoneer Debit Master card to authenticate the signup and can access their PayPal account from Pakistan.
PayPal is not banned in Pakistan, it’s just PayPal does not operate in Pakistan yet but people are hopeful that PayPal will start its operation in Pakistan.
Now you know all the steps to create PayPal account in Pakistan and you also know how to withdraw funds from PayPal account in Pakistan. If you’re a freelancer or just starting a company that will sell its services or products internationally then Payoneer is your best bet.