Opening and verifying a PayPal account is not easy for Nepali users. PayPal, the world’s most used online payment processor is yet to make its full features available to a lot of countries including Nepal. There are a lot of tricks online for people who want to have a PayPal account. But for Nepalese users, it is possible to open paypal account and it is possible to verify Nepalese PayPal account. It also comes with its own limitations.
How to Open PayPal Account in Nepal?
For that you need to have your any trusted person in USA. He/she should have verified account, then under his/her account,they can create a student account for their child, you can be their child and make your student account. Remember that your account can be managed by them so need trusted person.You can apply for Master Card of Paypal, will be delivered to your parents and they will send to you in Nepal. (Paypal will issue cards only for USA based users.)Now you can access your Paypal funds via ATM anytime.It is not really so much expensive but the limit is that maximum per day withdraw from ATM is 10,000 NPR only. This is due to the banking rule of country since international rates are less than our Nepal Rastra Bank. It is said that it comes to cost around 5 to 8 percentage due to ATM feeIn two simple summarized steps, here’s what you have to do Sign up to Payoneer, provide verification, order an international MasterCard and verify it.Sign up to PayPal and verify the card using Payoneer MasterCard. Payoneer MasterCard with some balance for verification.
You can also read our previous article on How to Open Paypal Account in Nepal
Open Paypal Account in Nepal
You can not receive payment in this account because of NRB rules and regulations. Nepalese PayPal account is able to send money only. Your payments are funded by the Payoneer card, so you should have some balance in it. You’ll have to make money online in freelancing websites like oDesk and Elance to be able to spend online.
Payoneer Mastercard as an Alternative to PayPal
Payoneer mastercard helps as a alternative to PayPal in Nepal. With Payoneer mastercard, it is easy to get online payments. It provides easier feature to send money online as well. You will have a plastic card on your hand. You need to provide authentic document to get approved Payoneer account. Payoneer International card will be shipped to your address by postal method. You can also verify your Paypal with Payoneer mastercard.
PayPal Account in Nepal with Payoneer Mastercard
The procedure to open paypal account are:
We use the normal signup page at PayPal.com to create an account. All we need is a Payoneer card at-hand, After You Have a Payoneer Credit Card, Sign up for PayPal using PayPal.com signup page.Ensure that Your country or region is selected as Nepal Choose a Personal account by clicking the Get Started button under it.Fill up the form with your accurate details.For credit card number, use your Payoneer card. All the details are on the card itself.Input the card number.Input the expiration date.Input the CSC or CVC (three-digit) number present at the back of your card. Once you input your Payoneer credit card, PayPal will make two small withdrawals from your Payoneer card. So, you must have a small balance on the card. To see the withdrawal, go to your Payoneer.com Account Activityand click on Transaction History. You might have to wait a few days to see it in your transaction history. Once it appears, you will see two transactions. Note their amount and input it in Paypal. Once the amount is entered, you will have a verified Nepalese PayPal account. Note that the account is useful only to make purchases. It cannot receive payments. You will only be able to send payments funded by your Payoneer card. If you ordered your card directly then you will be charged a fee of 1.8% per transaction by Payoneer. This method of getting a PayPal account is only useful for those who make money online and get payments using Payoneer. This is a way for them to purchase online without revealing their MasterCard number.
If you make dollars online, ask for help from friends and family abroad for PayPal and online payments. It is the best safe method to use PayPal in Nepal.