Paypal In Nepal: – Paypal is the leading and trusted online payment services across the globe. The demand for PayPal is increasing day by day. We can send and receive money via PayPal at any time and everywhere all around the world. But the problem may arise when it comes to Paypal verification.
Some Asian countries including Nepal still can’t verify their PayPal account. As we know here in Nepal, millions of Paypal users are searching for its solution. Before we can verify PayPal using Payoneer MasterCard. But now Paypal no longer works with Payoneer.
By this, we Nepali PayPal users are facing more PayPal verification problem. In this tutorial, I’m going to give you some working tips to verify your PayPal account.
Table of Contents
- What is Paypal?
- Paypal in Nepal
- Why we need Paypal account?
- How to create and verify a Paypal account in Nepal?
- Ways to verify Paypal in Nepal
- Does Paypal work in Nepal?
- Why Paypal service is not available in Nepal?
- Why Paypal doesn’t work in Nepal?
- Why PayPal Is Not Supported in Nepal?
Everything You Want to Know About Paypal Account & Services In Nepal
What is PayPal?
PayPal is an online payment system that supports online money transfers between PayPal users, which simplifies sending and receiving money online anywhere.
PayPal is an American company that operates as a payment gateway for people who work online, suppliers, e-commerce sites and others who charge a small commission for a successful transaction.
Whenever online money transactions are needed, people’s first choice is PayPal because it’s safe for every transaction.
To use these invoice template online free, simply visit the website and select the template that you want to use. You can then customize the template with your own information, such as your company name, logo, and contact information. You can also add details about the invoice, such as the customer’s name, address, and the services or products that you provided.
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Once you have customized the template, you can download it as a PDF or print it out. If you download the invoice as a PDF, you can then email it to your customer.
PayPal in Nepal
Speaking for Nepal, PayPal is not compatible with our country. Sad to say, but reality is reality. There are many different reasons why he was blocked or unsupported in Nepal.
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The policies of Nepal Rastra Bank are one of the main reasons and you can guess, because we know how things are going here in Nepal. It is difficult for people who work online and have to send and receive money online.
Many people work online to earn money and face a problem where their money is blocked, people cannot claim it because of an inadequate banking identity. What are people doing to solve this problem?
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Where there is a problem there is a solution unless it is a crime. You can always choose alternative ways of doing things.
PayPal is a simple website which helps people to purchase and get money online. It helps in making the online transactions easier. PayPal was established in 1998 in the month of December. Max Levchin, Luke Nosek, Ken Howery and Peter Thiel were the founder of this site. So here we discuss All PayPal in Nepal.
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This website began to start a money transfer service at confinity from 1999. Later in the year 2000, confinity got combined with an online banking company called “X.com” which was founded by Elon Musk.
In the same year, the CEO of X.com Company and the founder Musk had a conflict regarding the company, as a result, Harris left the company. After the 4 months of conflict, Musk decided to discontinue other Internet Banking operations of X.com and decided to clearly focus on PayPal money service. Later, the company “X.com” was renamed “PayPal”. The headquarter of this company is located in North San Jose Innovation, California.
Currently, PayPal has about 218 million active registered accounts and runs in 202 markets. The major services of PayPal are it allows the users to make the financial transactions online by giving them the capacity to both the businesses and individuals to transfer funds electronically.
A person having a PayPal account can receive and send money for online action on websites like eBay, or donate money or receive money, purchase or sell goods and services. The best part is it is not even compulsory to have a PayPal account to use some limited services.
PayPal Company hasn’t allowed making PayPal account all the countries. There are certain numbers of countries that come on PayPal’s list of allowed countries and Nepal is one of them. Only limited numbers of countries which are on the company’s list are allowed to open a PayPal account.
Once they create the account, they can start the online transactions like sending money, receiving payments, purchasing goods and services through their account. There are certain rules before you create a PayPal account.
Number one is a person should at least be 18 years old to have a PayPal account which means the people with lower age cannot make the verified PayPal account.
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It’s not that there are no any services for young age people, PayPal Company has student account as well but with only limited features for them. One should be at least 13 years to hold a student PayPal account.
Taking about the PayPal service in Nepal, people here in Nepal cannot make a new verified PayPal account. They have a very few ways to hold the verified account. They can use the verified PayPal account in Nepal by the following procedure.
First, they have to get verified account from United State which can be done only if any of their trustable friends or relatives lives there. In case if a person has a trustable friend living in the united states then that specific friend have to create another student account in the name of his/ her children.
Then that person can give his information in the name of his friend’s child. In this way, one can have a verified PayPal account by living here in Nepal. This verified PayPal can be used for all kind of online transaction i.e. from hotel booking to Shopping and many other things.
For PayPal users in Nepal, certain limitations are set by the policymakers of Nepal Rastra Bank. The limitations are Nepali PayPal users can only send money or buy online, however they cannot receive money.
It means the PayPal users in Nepal cannot accept the money from others, all they can do is buy and spent the money. Another limitation is MasterCard and visa card issued by local banks doesn’t work in PayPal.
The reason for this is because of the policy of Nepal Rastra Bank. Since Nepal is economically weak and developing country, it is annual income is very low as compared with the expenses.
There is a huge difference in between the expenses and income of Nepal. Nepal imports almost 80% of basic needs from other countries whereas the export is very low. So in order to control the outflow of money from Nepal, Nepal Rastra Bank has blocked the international Payments.
The users can use PayPal to pay for an online purchase instead of using credit/debit cards or COD. But this can be done only with the few merchants. It is because PayPal is not accepted by all online merchants. The working Procedure of PayPal is the account of PayPal has an email address and a password associated with it.
The users can the email address and passwords to authorize a payment. It is used for both physical and digital items. Here in Nepal, people mostly use PayPal service to recharge NTC, NCELL, UTL, and ADSL.
There is a specific procedure for it i.e. visiting the site “OnlineRechargeCard.com” and making payment to this site through PayPal. After the payment, the site will provide the recharge pin or make bills paid on behalf of users.
Here in Nepal, there are certain merchants that accept PayPal. One of them is an online bookstore “BetterworldBooks.com”. This is the website where we can buy old books and new books for a fair price and get it shipped for free.
Buyers can choose more than 8 million of used and new books on this site. And the best part is the site does not copy the shipping address from the buyers PayPal address details. There are many online sites like: “Bhatbhatenionline.com”, “meroshopping.com” and much more than that accept PayPal which means we can buy and pay for materials through these sites.
Talking about the People in European countries, there is a wide number of people that use PayPal account and enjoys the services. Since they are very much into technology and most of them their works are done online. In case of Nepal, where people are still unaware of PayPal services.
Many People don’t know the facts like they need PayPal for buying and selling products online, trip making, hotel booking, and enjoying other many services through the net. It is because many Nepalese people are not much into this internet world.
They are not much into this online shopping. Here people prefer to visit the shop directly rather than visiting it on different sites. It is not that no one does online transactions but they are limited in numbers. The good part is this online transaction is growing rapidly nowadays here in Nepal.
Hence, PayPal isn’t very popular here in Nepal and only limited people have a verified PayPal account. Seeing all these conditions we can say that it hasn’t been common in Nepal but can be in coming days.
Why we need Paypal account?
As I already told you, Paypal is one of the most popular online payment services around the earth. Paypal will be very important for you, if you are an online worker or if you want to shop online.
You can buy domain, web hosting packages too. As well many Google Adsense alternatives and Affiliate marketing are paying earnings via Paypal.
The payment threshold for PayPal is very low in comparison to Wire transfer. Due to this many people are knocking the door of Paypal.
These are some of the most important PayPal accounts that have made users connected to it.
Online shopping and personal payments:
you can buy online and make payments online. This saves time and saves financial risk factors.
Receive payments from another PayPal member;
It is the flexibility of PayPal. It is not necessary to go to the bank, complete the form or stay in line.
Credit card security
PayPal’s secure system offers you credit card security. There is no problem with the transaction of financial statements.
PayPal Discounts
Paying or buying with PayPal sometimes offers special discounts. You can also take advantage of discounts from different companies to use PayPal.
HOW TO CREATE AND VERIFY A PAYPAL ACCOUNT IN NEPAL?
PayPal is one of the largest and easiest online payment processors in the world. For online transactions, it is the most common process to use. The era of globalization has also created a more important aspect in the Internet field.
Technology has made us so easy that you can buy, read and work online. The online trend is also working in Nepal, but most users are sad enough for the online payment process. There is also no legal way to open and verify the Nepalese PayPal account or the government has worked for it.
PayPal account in Nepal Most Nepalese use their PayPal accounts from friends and family for the online transaction. Do you think it’s good enough to do it? Sometimes you can create the problem.
Therefore, it is better to use yours even if you have limits. Here is the legal way to verify your PayPal account in Nepal, although it has some limitations. You can follow the PayPal verification tutorial using the Master Payoneer card for free.
Note: Payoneer is an American company that has more than 200 thousand users in more than 200 countries worldwide. You can open your Bank of Americas account and your Payoneer debit card from home after applying the documents required by the company. To verify the account, all you need is the Payoneer MasterCard with some transactions.
FOLLOW ONLY THREE STEPS TO CREATE A PAYPAL ACCOUNT IN NEPAL
Ways to verify PayPal in Nepal
Here are working 4 ways to verify your PayPal account.
#1 FIRST STEP: REGISTER
PayPal has two types of accounts, commercial and personal. For the Nepal user, just offer a personal account. To register, you must complete the e-mail address and password. Here is the PayPal registration page. PayPal in Nepal
#2 SECOND STEP – YOUR INFORMATION
PayPal needs your personal information such as name and surname, date of birth, address, post code and telephone number. Make sure all your information is correct and legal.
#3 THIRD STEP – INFORMATION ON CREDIT OR DEBIT CARD
PayPal needs your credit or debit card number, expiration date, CVV code and your billing address.
We know you don’t have an international debit or credit card, don’t panic. Log in to Payoneer and request MasterCard for free at your address. You will be sent “Payoneer MasterCard provided by Bank of America” ​​to your address within one month.
Payoneer MasterCard is one of the best options to verify your PayPal account. If you register a new account using the referral link, you can receive the $ 25 bonus. You can withdraw the amount after receiving $ 1000 in your Payoneer account.
Join Payoneer Send the requested documents. Apply for the international Master card. Verify that you sign up for PayPal and verify your account with the Payoneer MasterCard card provided by Bank of America.
Alternatives,
1. Nepali Top Bank’s Credit Card
Recently I had a short conversation with PayPal supporters about PayPal verification in Nepal. I mentioned them all the problems with PayPal verification. According to their reply now we can verify PayPal in Nepal using Nepali top bank’s credit card.
Well, they didn’t mention the bank name, but they leave this great news. Also, i asked, “can we load or receive money in our PayPal account after verification”? And the answer was “Sorry for now you can’t load or receive funds in your PayPal account”. In conclusion, we can only verify our PayPal account by this method.
2. Parents and Friends help
If your friends or parents are in a foreign land then you can ask for a help to verify your PayPal account. For this method Your first name or the last name must be same.
Let your name be Sachin Gurung and your friend name is Ram Gurung then you can easily verify your PayPal account with his foreign credit card. But your name is Sachin Gurung and your friend name is ram poudel then you can’t complete the PayPal verification process.
3. Alternative Cards
This method is for those users who want to invest some money in the PayPal verification process. It will only cost 4000-5000 Nepali Rs. There are many MasterCard or credit card available on the market which can verify your PayPal account.
Some of the example are Bitcoin ATM card, Webmoney Atm card,.Rasa Atm card and so on. You can simply order this atm card in your location and verify your PayPal account after card arrivals.
4. Bank account in India
And the last method to verify your PayPal account is by Opening the bank account in India. This one worked well for me. You can open your bank account in SBI bank. And verify your PayPal account after receiving their credit card. Isn’t it interesting.
Note -: Before verification, you must have some fund in your credit card. And once again Paypal no longer supports Payoneer Master card.
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