Due to the policies of the Central Bank of Nepal (Nepal Rastra Bank), creating and receiving money from PayPal in Nepal can be challenging.
However, it’s not impossible. Although PayPal is not officially available in Nepal, we use an alternative method to create PayPal accounts.
Before we create a PayPal account, lets know why exactly we need it?
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Why We Need A PayPal Account?
PayPal is a international online payment platform. It allowed individuals and businesses to send and receive money securely over the internet.
It acts as a digital wallet, allowing users to make transactions without sharing their bank or credit card details directly with merchants or other users. PayPal ensures security by encrypting sensitive financial information, making it a safe option for online payments.
PayPal is especially useful for international transactions. It supports multiple currencies and enables cross-border payments seamlessly.
Many online platforms and retailers accept PayPal, making it widely accessible for both personal and business use.
Overall, We need PayPal for the safe, convenience, smooth online financial transactions and to receive our online income easily.
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Do We Need a Dollar Card to Verify PayPal In Nepal?
It is not compulsory to have a Dollar Card to verify your PayPal account. My PayPal account was banned just by linking a Dollar Card, we will not use one in this tutorial.
How To Create a PayPal Account In Nepal?
There are two types of PayPal accounts: Personal and Business.
In Nepal, you can create a verified Personal PayPal Account by linking a dollar card. But that account only available for secure online purchases or transaction using the linked dollar card, not PayPal balance. It does not support receiving or withdrawing money.
Our aim is to create a account which can receive and withdraw money. So, Business account is the last option. Don't worry you doesn't need to have any business registered.
Personal information hidden due to privacy. {alertInfo}
Let's create a business PayPal account step by step.
Step 1: Visit PayPal.com/cy and tap on "Sign Up."
Step 2: Change the country from Cyprus to Nepal, and choose the "Business Account" option.
Step 3: Fill in your basic account details.
Step 4: You will need to verify your email address. Follow the steps to complete the verification.
Step 5: Select your account type as "Business," and under the business type, choose "Sole Proprietorship."
Step 6: Now, it's time to enter your business details. Refer to the photo for guidance on how to fill them in.
Step 7: Finally, complete the form with your basic personal details.
All set, your account is ready! Once again, verify your email, and I highly recommend to enable Two-Factor Authentication (2FA) for added security.
Although we have successfully created a PayPal account from Nepal, the unfortunate reality is that only 30-40 out of 100 people are able to open a verified account from this process and make transactions. The remaining accounts may be banned. It ultimately depends on luck, so good luck! {alertInfo}
How to Receive Payments If Your Account is Banned?
If your account gets banned after the registration process and you need to receive your online payments into your Nepali bank account, don’t worry — I’m here to help! Just contact me on Instagram, and I’ll provide you with my PayPal address. I will receive the payment on your behalf and then personally transfer the exact amount to your bank or wallet. There may be a small fee, but it’s better than not receiving any amount at all.
But first, try to create your own PayPal account using the steps provided above.
FAQs on PayPal Account In Nepal.
Is PayPal available in Nepal?
No, PayPal is still not officially available in Nepal, but recent news suggests that it may be coming soon.
Can I use PayPal from Nepal?
Yes, you can create and use PayPal from Nepal, although it comes with some limitations. By following the steps provided, you can use PayPal seamlessly.
Is PayPal safe?
Yes, PayPal is safe. It ensures security by encrypting sensitive financial information, making it a secure option for online payments.
Can I transfer money from PayPal to eSewa?
Yes, you can transfer money from PayPal to eSewa using Xoom, a PayPal service. Create a PayPal account using the steps provided and use Xoom for the transfer.
Can I receive money on PayPal in Nepal?
Yes, you can receive money on PayPal in Nepal. However, a standard PayPal account created from Nepal may have restrictions. Follow the steps provided to set up your PayPal account properly.