A Nepali citizen can sign up and create PayPal account from Nepal free of cost, but needs to go through account verification process which is very difficult to verify your PayPal account because it need Bank Account, Visa/Master Card as well as address proof documents.
What is PayPal?
PayPal is an American company operating a worldwide online
payments system that supports online money transfers and serves as an electronic
alternative to traditional paper methods like checks and money orders. PayPal
is one of the world’s largest internet payment companies. The company operates
as a payment processor for online vendors, auction sites and other commercial
users, for which it charges a fee.
PayPal in Nepal
A Nepali citizen can sign up and create PayPal account from
Nepal free of cost, but needs to go through account verification process which
is very difficult to verify your PayPal account because it need Bank Account,
Visa/Master Card as well as address proof documents. In Nepal there are no
any banks which is directly linked with PayPal in Nepal. Using PayPal in Nepal
comes with some of the task that a normal user do not have access to. Task like
verifying the PayPal in Nepal and transferring money to the PayPal account via
local banks is not possible which make PayPal users in Nepal to keep the
account unverified and of no use. Nepal
Rastra Bank needs explanation on every transaction which is made out of the country.
2 Simple Steps to Verify PayPal Account in Nepal
1. Sign up to Payoneer, order Payoneer MasterCard and verify
it.
2. Sign up to PayPal and verify using Payoneer MasterCard.
Requirements to Verify PayPal Account in Nepal
1. Payoneer MasterCard with some balance for verification.
How to Open PayPal Account in Nepal
1. Sign up for PayPal using paypal.com.
2. Ensure that your country or region is selected as Nepal.
3. Choose the account type.
4. Fill up the form with your details.
5. For Credit card number, use your Payoneer Master Card
Details.
6. Enter the Card Details
How to Verify PayPal Account in Nepal
One you complete the sign up process using the Payoneer
Master Card, PayPal will make two small withdrawals from your Payoneer Card.
Now login to your Payoneer account and click on “Transaction History”. You have to wait a few days to see it in your
transaction history.
Once it appears in your transaction history note their
amount and enter it in PayPal. Once the amount is entered, you will have a verified
Nepalese PayPal account.
What are The Limitations of PayPal Account in Nepal?
Nepalese PayPal account can only be used to send payments.
There’s no way of receiving payment in Nepalese PayPal account. Your payments
are funded by the Payoneer MasterCard, so you should have balance in it.
Hello sir very very nice article. I am now able to create a new paypal account and i have verified. Thank you sir. Keep It up ...Thanks a lot
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