PayPal is an American Worldwide online payments system. Online money transfers serve as Electronic alternatives to traditional paper methods like checks and money orders.
Its general purpose is online shopping and fund transfer. Its been quite sometime people in foreign have started using Pay Pal for all of their Online shopping as well as fund transfer.
The reason is very easy and safe too. You don’t have to go through all the problem that you face in a bank. It was founded in 1998 and it has been able to reach to a greater height since then.
Being available in so many countries, we people of Nepal also wonder why it isn’t available here. Yes, PayPal which is available in most of the part of the world is not available in Nepal and due to which we don’t get to do online shopping or work as a freelancer for foreign clients.
The reason for Paypal not being available in Nepal is Nepal Rastra Bank (Central Bank) needs details of every International transaction which doesn’t meet the criteria of Paypal as it aims secure anonymous payment and thus PayPal can’t be integrated with any Credit/MasterCard of Nepali banks.
However, you can make a PayPal account if you have a friend,relative’s bank account in foreign. You have to use relatives credit card/bank details who reside in foreign land.
But even if you don’t have access to above alternatives you still have an option to get your Paypal get verified where withdrawing funds is also possible to our Nepali Banks.
Payoneer MasterCard help you solve the problem. Payoneer gives you both MasterCard and US bank account so you can start creating your Paypal account even before the MasterCard is available to you which is delivered in 2/3 days.
You can sign up here for the mastercard:http://www.payoneer.com