Create Paypal Account in Bangladesh:
PayPal is a well-known and trusted online payment network that allows consumers and organizations to securely send and receive money over the internet. PayPal, which was founded in 1998, has grown to become one of the most popular and simple means for performing online transactions.
PayPal’s major goal is to facilitate e-commerce and provide a simple way for consumers to transfer funds online. Users can link their bank accounts, credit cards, or debit cards to their PayPal accounts, creating a digital wallet that can be used for online purchases, bill payments, or money transfers.
PayPal is a widely recognized online payment platform that enables individuals and businesses to send and receive money securely across borders. While PayPal’s availability has expanded over the years, creating a PayPal account in certain countries can still pose a challenge. In this blog, we will guide you through the process of creating a PayPal account in Bangladesh.
How to Open a PayPal Verified Account in Bangladesh
Go to www.paypal.com/cy/home in your browser.
Click “Sign Up” (or go directly to www.paypal.com/cy/webapps/mpp/account-selection).
Account Type: Business Account (You cannot open a personal account because PayPal is not permitted in Bangladesh).
Please provide a valid email address.
Make a strong password.
Provide your contact information (first and last name, business name, phone number, and address).
If you don’t own a business, simply enter your name in the “Business Name” dialog box.
As your business phone number, you can use a Bangladeshi phone number.
The postal code must be provided. You may find your postal code on your NID (National ID) card or by searching on Google.
Accept their ‘User Agreement’ by clicking “Agree and Create Account” and ticking the box.
They now want to hear about your company. First and foremost, select your business kind (I recommend individual).
There are numerous options in the “Product or service keywords” dialog box. For example, if you write ‘Marketing,’ they will offer different keywords from which you might select one.
Set a name (similar to a username) for your PayPal account: Name of the CC Statement (you may use your own name)
Set your Birth Date
You can now select your nationality: Bangladeshi
Set your mailing address. If it is the same as your business address, mark it with a check mark ().
When you click the Submit Button, your account will be ready.
How to Confirm Your Account
Your account is ready, but it has not yet been validated. To be authenticated, you must complete the following procedures.
Verify your email address
Connect a bank account
Type of Account: Business must have an IBAN = International Bank Account Number. The name of the bank account holder and the name of the Paypal business account must be the same.
Your account will be validated if you successfully link a bank account. There will be no withdrawal limit in that situation.
However, if you do not add or link a bank account to your Paypal account, you will be unable to withdraw funds. Rather, you can use your Paypal account to sell or acquire dollars.
Make USD your primary currency.
Fill out all the information on your National ID Card.
Because Paypal is not permitted in Bangladesh, attempt to withdraw/sell your dollars as soon as feasible.
Still having trouble opening a PayPal account in Bangladesh? Please contact us via the “contact us” tab, and we will set up a fully verified account for you.