What are the options for international payment gateways available with low transaction % & good customer support?Directly transferring funds to bank will cost you a lot because of bank charges so you will receive less money after all the deductions. You can not use Paypal in Pakistan, if you are foreign citizen travelling to Pakistan, you can use it from Pakistan but you have to inform your bank and paypal support about your travelling, or your account will ask for verfication by various methods, and in extreme case account will be blocked, legally you can not use any other person’s paypal account in Pakistan. Wondered why Exports of Pakistani Products are Decreasing? One aspect is definitely the ease for alternative online payment transfer modes in Pakistan.
Can I legally get PayPal account while sitting here?
Legally you can’t get it. You can open up a Paypal account technically, but it’s not allowed in Pakistan. If your any relative live in abroad you can try through him or her for PayPal with help of the following options like Payoneer card. You can operate this account without any issue from Pakistan except to occasionally risk to your money getting stuck. If you need credit/debit card processing you can get merchant account from EasyPay - telenor Bank, UBL, HBL, MCB and JazzCash as well. If you need paypal to paypal transactions then answer is NO.
So there’s no way I can open Paypal account to directly receive money from Pakistan?
Payoneer
You can attach Payoneer Account to Paypal. Funds can be transferred via Paypal > Payoneer > PK Bank Account. Simple, reliable with no overheads. You can open Paypal account on your relative’s home address and phone number in service countries. And use Payoneer to receive it. Should our local banks charge when we receive dollar amount from overseas? Recieving money from payoneer to bank is easy as bank charges 0 amount. Payoneer directly convert $ to PKR and give us rate of 103 something and transfer our money to connected bank within 4-5 working days with no extra charges. Get your Payoneer Account Now for FREE!
Skrill
A similar service to Payoneer is Skrill. They also have mobile wallet payment option which will transfer funds directly to Jazz cash without any charges!
Telenor’s Easy Pay from Easy Paisa or MobiCash from JazzCash?
You can use easypay too, no need to worry about remittance. Can EasyPay also be used to take credit/debit card payments of foreign banks (US, Canada and UK etc)? Yes, you can accept any card as long as it is Visa or Mastercard. Easypay has an external website. If you have a Merchant Account with them you simply redirect to their website with the amount and your account info. Very simple to set up. Doesn’t matter where the buyer is physically. Easypay will process their credit card and move funds into your account. Would you ask if it is possible to transfer Paypal balance money to Jazz cash? No. But you can transfer your Paypal money to direct bank through Xoom.
2Checkout
Selling internationally? You need a merchant account from 2co , they’re the only legal way to accept paypal payments. You still cannot send out vendor disbursements through it you’ll have to stick to conventional wire transfers given that you have all the pre requisites in order. If you have heard to get each product approved by 2CO in order to allow payments received by selling that product. Is that true? Yeah that isn’t an issue. They approve easily. 2checkout supports Paypal and credit card but do not have any sandbox environment for Paypal.
You can try Xoom a Paypal Service
Xoom is just for sending money. Xoom is providing best prices with no charges: Rs. 103 per $.
World Remit or Paymentwall or Transferwise
Use worldremit.com. It’s very useful all around the world for direct deposit to your bank account. World Remit, Paymentwall, Transferwise, Paddle, Fastspring are good and support Pakistan. But it also depends on what you are going to sell. If it is service then fastspring and paddle won’t accept you. If it is digital content or software product then they will let you use their platform but charges are high. Can you have Transferwise account linked with Paypal? PayPal couldn’t be used with TransferWise or Xoom. Both of these requires bank account or Credit/Debit card.
Local Banks
While we were discussing payment gateways that can help in marketplace model, like if buyer purchases, a certain commission gets deducted and rest of the money be paid to vendor. The vendor payment cycle becomes a separate thing. Because of first-mover advantage EasyPasia (Tameer Bank) has penetrated market more than any other competitor e.g U-paisa (Meezan Bank), JazzCash, Zong Timepay (Askari Bank), Warid Mobile Paisa. Easypaisa Virtual Debit Card is really working. UBL, HBL have their IPGs and now Jazzcash too as mentioned above (on the lines of EasyPay). And there’s MCB Lite too. A lot of players also do bank transfers. MCB Lite Card over UBL Wiz Card. MCB Lite Card is also good for online payments.
Protip: Not all Banks charge for remittances. Their intermediate bank in NY may so. If you are having funds deducted on each remittance then it will be some policy of bank try using some other bank. Never use Cybersource or HBL.
Is there any alternative to Paypal which can be legally used in Pakistan?
Just a food for thought: Another possible solution could be Paypal to Dubai then Western Union.
Last Thought: Trading Bitcoin is an option
Just read this: Social Media Banks
