How to make PayPal in Pakistan?
With the advancement in science and technology, the mode of doing business is also changing by leaps and bounds. From logistics to money handling, every business operation is getting significantly influenced by digitization.
In the past, monetary transactions used to take place through banks, but now online payment methods have taken charge. One of the most common online payment methods in Pakistan is PayPal.
Graana.com, Pakistan’s 1st Online Real Estate Marketplace will tell you how to make PayPal in Pakistan.
What is PayPal?
PayPal is a financial technology company based in America. It is known for operating online payment systems across the globe. In short, PayPal acts as an alternative to traditional monetary transaction methods.
PayPal processes the payments for its clients, and in return, it charges a fee for the transaction – this is how its business model works.
Is PayPal working in Pakistan?
All the freelancers and small business owners in Pakistan always have a question in their mind – does PayPal work in Pakistan?
Unfortunately, currently, PayPal is not operating in Pakistan. However, there are some ways by which you can open your Paypal account in Pakistan.
How to make a PayPal account in Pakistan?
Following are some of the ways by which you can get your PayPal account in Pakistan.
Primary method: how to use PayPal in Pakistan?
PayPal signup in Pakistan is straightforward.
Also, the PayPal withdrawal in Pakistan is very convenient, making it a perfect option for people living in Pakistan.
To create a PayPal account in Pakistan, follow this step-by-step guide.
- First of all, search www.paypal.com/pk/home and open it.
- On the upper right corner of the page, you will see the ‘sign-up’ button.
- After clicking on the signup button, you will see two account options – personal account and business account. If you are a sole proprietor or someone who does not own a business yet, go for a personal account. If you are someone who has a business, you should open a business account.
- After selecting your account type, it is time to enter your credentials. Enter a valid email address that you can link with your account.
- Create a solid password to ensure the safety and security of your account. Try to mix and match alphabets, numbers, and symbols to create a strong password.
- Provide your updated residential address and mailing address. This step is crucial because PayPal will send you relevant information at this address.
- After filling out the information, check the email that you provided and confirm your email address.
- Once you verify your address, your account will be created.
How to open a personal PayPal in Pakistan?
PayPal does not operate in Pakistan. That is why when you are filling out the information for ‘country of residence,’ you do not see Pakistan as a listed country.
However, there are specific methods that you can use to create a PayPal account in Pakistan.
One of the easiest ways to open a PayPal account legally in Pakistan is by entering a valid residential address during the signup process.
Simply ask your trusted family members or friends living abroad to let you use their residential address for the sign-up process. By doing so, you will be able to operate your PayPal account by sitting in Pakistan.
How to open a business PayPal account in Pakistan?
There is another way by which you can operate a PayPal account from Pakistan.
First of all, you need a registered US company under your name.
If you do not have a US company under your name, you can use the credentials of a family member or a friend who is living abroad.
To open a business account, you will need the following information:
- A registered US company.
- A Tax ID / EIN Number.
- A business bank account in the US for the PayPal account verification.
- A US mailing address for your company.
- A US phone number, preferably on roaming.
Advantages of PayPal
PayPal comes with a lot of advantages. Some of the significant pros of using PayPal are:
PayPal is a global network spread across all the major countries. If you are a freelancer or a business owner who wants to expand the business beyond borders, PayPal will be your best friend. Through this payment method, you will be able to collect money from international clients very quickly and easily.
Safety and security:
PayPal provides you with a safe and secure platform where you can conduct monetary transactions. All the transaction details, along with your bank details, are secured by the company.
PayPal is highly flexible and allows you to use multiple bank accounts, debit cards, and credit cards under one account. The service is available 24/7, making it a highly convenient payment method.
PayPal is a very cost-effective method. There is no annual membership fee, service charges, and processing fees for availing of this service. This is an excellent alternative to credit cards and debit cards, where you have to pay annual service charges and regular monthly cutouts.
Things you need to keep in mind before opening your PayPal account
Make sure you follow a legal pathway while opening your PayPal account. Keep in mind the following things to ensure smooth transactions through PayPal.
Ensure that you do not use fake information (residential address, phone number, business details) while creating your account. According to company policy, if they detect any illegal activity on your account, they will immediately block it.
Do not pay for it:
There are a lot of scammers out there who will leave no stone unturned to deprive you of your hard-earned money. They will portray themselves as PayPal exchanger in Pakistan. Do not fall prey to such people and always follow the verified method to get your PayPal account in Pakistan.
Double-check the information:
Make sure you double-check your information before making transactions. Most importantly, ensure you have entered the correct bank details and residential address.
PayPal alternative in Pakistan
By now, you should have a fair understanding of how to create a PayPal account in Pakistan.
If you are still unable to create a PayPal account, you can choose alternative e-payments that work perfectly fine in Pakistan.
One of the most common alternatives to PayPal is the Payoneer account in Pakistan.
How to make a Payoneer account in Pakistan?
Simply log in to the Payoneer website, enter your credentials and sign up. They will send you your personal Payoneer card that you can use to conduct transactions.
How to withdraw money from Paypal in Pakistan?
Most people are confused about how to get money from PayPal in Pakistan.
PayPal asks for your bank account details when you make your account.
When you reach the threshold of the minimum transaction, you can simply log in to your account and request for money withdrawal.
To withdraw money to your bank account, follow these steps:
- Go to Wallet.
- Click Transfer Money.
- Click Withdraw from PayPal to your bank account.
- Select the bank account you’re transferring the money to and click Next.
- Enter the amount and click Next.
- Review your request and confirm the transfer.
The PayPal app in Pakistan also is used to complete the transaction.
Follow these steps to make a PayPal account in Pakistan. We hope these steps will guide you on how to get PayPal in Pakistan. If you are a freelancer or an international seller, you can create a PayPal account to receive money in Pakistan.
It is still unclear when PayPal will be available in Pakistan. Until then, go through the blog and get your PayPal account today.