You must be wondering how you can make a Paypal account in Pakistan. If you are doing any online work or business or any other work which requires your Paypal account, then it would be a complete guideline for you to create your account on Paypal.
Paypal is not banned in Pakistan. However, it did not yet initiate its operation in Pakistan. The Pakistani government has requested its operation here but has not started yet. If you are a freelancer or doing business online with clients from other countries, you need a Paypal account for your payments.
This article will guide you on “How you can create your PayPal account” and “How you can use it.” Read it keenly, so you do not face any problems.
What is PayPal
Paypal is an American company that offers an online payment system to people worldwide. In 1988, PayPal launched as Confinity. Later, Confinity merged with X.com. Alon Musk founded X.com and changed its name to” PayPal.”
PayPal enables you to receive your payments. You can send and receive money from Paypal quickly from home. You also can buy or purchase anything through PayPal. It is very convenient for those who are doing online freelancing or any business. In return, it costs you only a tiny amount of money.
It is one of the simplest and easiest methods to buy or share anything. Currently, with over 286 million active users, it provides the best facilities to them. It provides its services to 202 markets. Having a Paypal account helps to send 25 different currencies all around the world. IOS and android users can use PayPal easily at any time they want.
Paypal Account Types
There are two types of PayPal accounts currently in operation.
1. Personal Account on PayPal
For which purpose is a personal PayPal account used? A personal account uses to send and receive money or shop between family and friends. It uses for family money sharing. It does not use for business purposes.
2. Business Account on PayPal
- Commerce and freelancers doing an online business can use a business account. They use a business account for online money transactions with their clients from other countries—this type of account suits businesses rather than individuals.
How can I create PayPal Account in Pakistan?
To create a PayPal account, you need to follow these steps :
- First of all, go to paypal.com/pk/home and then open the PayPal website.
- Click on the” Sign up for free” option.
- Now you will see” Business or Personal Account.”
- Click on the requirements and analyse them.
- Then enter your valid Email address.
- Write a strong password for your account.
- Give all the necessary information, and provide a valid residential address of a country where PayPal is active.
- After filling complete information, click ok to proceed it.
- Now you will get an Email in your inbox to confirm your Email address.
- Open the PayPal email and click “Yes, this is my Email.”
- Once you do this task, your account on PayPal will be automatically verified and created.
PayPal also provides a business account, which provides you with an option for a standard business account.
Benefits of PayPal
PayPal is one of the most active and valuable accounts for freelancers. On many platforms, you will see PayPal as the most preferred method for money transactions. It provides an accessible platform for users to send and receive their money from their clients. There are many benefits of PayPal, some of which we will discuss here:
1. Safe Buying
It gives a complete guarantee to its buyers, so they do not have to worry about their payments for the things they have bought. If they do not get their order on time, they know that it will come to them soon at any time, as there is no issue with this method. So they patiently wait for their order and get it at the perfect time.
2. Account Privacy
PayPal always tries its best to give its best protection and security to its users, so they must not worry about their privacy or anything else. PayPal gives much more flexible account protection than other transaction accounts.
3. Flexibility
PayPal provides its users with much flexibility. PayPal users can get their orders instantly and quickly. It does not require unnecessary information and provides a secure platform for getting and sending payments. It does not cost you a large amount of money to create an account or transaction of payments.
4. Speed
PayPal gives its customers complete comfort and ease. You can transfer or receive your money through PayPal anytime and anywhere. If you are a PayPal user and have been using it for a long time, you must know how fast it is. PayPal members can transfer their payments to bank accounts within 24 hours.
5. Much Affordable
PayPal does not cost a hefty fee from its users; it costs only a tiny amount. It is affordable for people. PayPal costs 30 cents per transaction plus 3% of the transaction amount.
6. Record Keeping
PayPal keeps all records of your transactions, so whenever you need to see any previous transaction, you can easily see it in your PayPal account.
Why International Freelancers And Business Persons Need PayPal
Pakistan is the 4th most significant freelancing and E-Commerce country in the world. Many big cities in Pakistan have small companies in E-Commerce and freelancing. Pakistan is earning 1 billion $ through its sources. Like Pakistan, other countries are doing their business and online freelancing. PayPal plays an essential role in online payments.
Whether in any country or anyone, it gives you quick access to your clients and payments. It keeps a record of its clients. It has become a trend to do online business nowadays. People want to do their work from home or any business place. They want their work and their brands on an accessible platform and want to get easy access to their clients, So freelancing and E.Commerce are playing a vital role in this.
International people are working on it just like us and earning their living quickly through these platforms. PayPal plays a role in their earnings. They get their payments and money through PayPal quickly, which makes their life much easier.
Alternative of PayPal
Payoneer is one of the money transaction accounts that helps people transfer their money, just like PayPal. Payoneer is the ideal PayPal alternative used by people in Pakistan. As you know, PayPal is unavailable in Pakistan, so Payoneer is giving its services to PayPal and solving the problems that PayPal is facing.
If you don’t have access to Xoom, Skrill is another good option as a PayPal alternative. Read this Complete Guide to Use Skrill in Pakistan for creating Skrill account.
How can you connect Payoneer with PayPal Account?
You can connect your PayPal account with Payoneer to avoid problems. Follow the following steps :
- Go to the PayPal website and log in to your PayPal Account.
- Enter your Email and password to log in.
- Now, go to the Account summary page and click on the.” Link a Bank” button.
- If you have already given your bank name, then proceed with it. Otherwise, you need a bank account number and routing to proceed.
- Visit the Payoneer Account and activate the option of US payment service, then click on ”Receive Money.”
- Now you will get the Virtual Account number and Routing number.
- Enter this Virtual Account Number and Routing number you have received from your Payoneer account to your PayPal Account.
- When you do this, wait for 3-4 days; add two or three small deposits in your Payoneer account from your PayPal account.
- When you receive this payment, go to the PayPal Account and provide these payments to verify your account.
- Successfully, your account is verified, and now you can withdraw your PayPal amounts on your Payoneer Account.
Is Payoneer allowed in Pakistan?
Yes, Payoneer is accessible in Pakistan. You can use it freely here. So you don’t have to write fake addresses or information; you have to write your information. Payoneer is giving its services to PayPal in Pakistan; you can easily connect your PayPal account and get your transaction through a Payoneer card.
To learn more about Paypal in Pakistan read: Is PayPal Coming to Pakistan
In Pakistan, Payoneer works for the ATMs of these Banks :
- MCB
- Standard Chartered
- Faisal bank
You can ask other banks if they are doing work with Payoneer or not. You can withdraw your money from those banks’ ATMs if they are connected. Payoneer has one more option for your payment. You can also directly withdraw your money to your bank account.
Is Payoneer better than PayPal?
PayPal and Payoneer both work as Online money transfers. But PayPal is a much more extensive network than Payoneer. Both are connected and best in their ways. Both are working as a Money Service Business.
Payoneer is also certified, but PayPal has more traffic than Payoneer. PayPal is giving its services worldwide, and people are more comfortable with it than other networks. Payoneer has faced some issues regarding fraud in the past.
The difference between PayPal and Payoneer is that “PayPal costs 3.5 to 4% on currency transaction, but Payoneer costs only 2 % fee on currency transaction. It is better to use PayPal than Payoneer because it offers more security and features.
Is using PayPal safe?
PayPal has been giving its services to people for money transfers for years. Now it has built its trust in its users and customers. PayPal is generally the best security network to transfer your money online.
No platform is foolproof, but PayPal got an “A Grade ” from the cybersecurity Risk Management Company. So until now, PayPal has been the most secure platform for your payments. You can use it freely without any risk in mind.
Will PayPal refund me if I get scammed?
Sometimes some problems arise on PayPal, such as a fake product may scam you, or you may pay for an item that never arrives to you, or get an order that is different from the one you ordered, then purchases protection will help you. They will compensate you for the product with all costs of taxes.
After 180 days of paying for the product, the customer can request a refund on PayPal. When someone signs up on PayPal, they obey their refund policy rules, and dissatisfied customers will get refunded. PayPal has all types of satisfactory options for its customers, which helps them if they have money transaction problems or scamming.
PayPal will give you your amount by the same method. You will get your money back by the original transaction method, so it has different time limits. If you are getting your money on a Credit card or Debit card, it will take 30 days. The bank account will take up to five days, and the PayPal account balance will take only 24 hours.
How Can I Receive And Withdraw My PayPal Amount?
You can receive your PayPal amount by various methods. Through these methods, you can quickly get your payment at any time, anywhere. Methods that will help you to get your payment are as follows :
You can withdraw your money by using Xoom. Xoom provides you with these options :
- Xoom Homepage
- Request Payment
- Money Transfer Fee
- Cash Withdrawl
- Bank Deposit
- Top-Up Mobile Phones
- Pay Utility Bills
- Transaction Time
- Transaction Frequency
You need an identification card and a valid Xoom transaction number to receive your cash.
Conclusion
Many people think that PayPal is banned in Pakistan, but it is not valid. It is not banned in Pakistan as PayPal will soon start its operation in Pakistan because the Pakistani government has already applied for its operation in Pakistan.
PayPal is an excellent platform for E-Commerce people or freelancers doing online business. It helps people to get their money at the exact time. I hope our full guidelines will help you create your account and give you all the required information about PayPal.
