A complete guide to creating a paypal account from bangladesh

A complete guide to creating a paypal account

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About paypal 

PayPal is one of the most popular payment services today. Although it can be used comfortably in most of the countries of the world, there are limitations in different countries including Bangladesh. Today we will inform you about the rules for opening a Paypal account legally in Bangladesh.

In December 1998, Max Levkin, Peter Thiel, and Luke Nosek founded a company called Confinity. At that time it was only used as a digital or modern wallet. This company later became known as Paypal.

In 1999, PayPal introduced an electronic payment system. PayPal quickly became popular all over the world due to its many advantages in international transactions. Paypal can be used comfortably in most countries. However, it is sad but true that not all the benefits of this payment system are available in Bangladesh yet.

So many people think that Paypal account cannot be opened legally in Bangladesh. In doing so, many people try to resort to various immoral methods, including providing false information. Today you can learn about the rules for opening a Paypal account legally in Bangladesh from this article.

Does Bangladesh support PayPal?

Since the government of Bangladesh has not yet approved PayPal, you know that PayPal is not supported in any way from Bangladesh and we use PayPal account from Bangladesh but due to various means they cause us many problems.

Can Paypal be used legally in Bangladesh?

One can often hear the word online or offline, in Bangladesh or Paypal account can not be opened legally. Again, those who have ever visited the PayPal website must have noticed that the ‘Bangladesh’ option is not found when opening a personal account.

In fact, opening a personal PayPal account requires the use of a mobile number with verification. And Bangladesh's mobile number does not support PayPal. However, the issue of mobile number is not necessarily important when creating a business account. So this type of account can be done from Bangladesh. We will try to explain in detail the rules for opening a Paypal account in Bangladesh using the 'Business' option. So keep reading the article without skipping.

In the beginning, there are 2 types of Paypal account to choose from when you sign up for an account on Paypal: Personal account, Business account. However, for businessmen, there is another account type named Paypal Payments Pro. 

Also read : is paypal is available in bangladesh

What is PayPal Personal Account?

PayPal personal account is a limitation, that is, a limit to what you can transact, especially within the personal account, and if you work in different types of online, then we all do this thing, but this is what the personal account is your personal account. The advantage of this is that you are given a set limit so that you can transact up to this amount of money through personal account but not bad or good.

What is PayPal Business Account?

If you have a PayPal Business Account then you can do whatever you want from all over the world and do whatever you want with your PayPal Business Account. This is an advantage if you have a PayPal Business Account. But I will show.

Paypal Payment Pro (Paypal Pro)

Basically, Paypal Pro is a process of underwriting a Business account, so you can get all the benefits of a Business account and have the ability to receive payments through phone, fax, and mail. Paypal pro is the most suitable for big businesses, which commonly have a big number of transactions every day and needs the features of Paypal pro to improve the cash flows. 

Paypal Account Price

There are many of you who go to marketplaces to buy PayPal account from different groups or from different websites and many do not know the value and cost of proper use account and ask us this question. See if you can create your own account. Why buy and those who buy PayPal account are at risk, but the value of a proper use account can range from 1000 to 7000.

To sign up for PayPal:

1. Go to www.paypal.com and click Sign Up.
2. Select Sign Up for a Personal Account.
3. Enter your country, email address, and password.
4. Enter your other personal details.
5. Link your credit card to PayPal (optional).
6. Link your bank account to PayPal (optional).
7. Verify your email address with PayPal.

Rules for opening Paypal account in Bangladesh

Since you will be creating a Paypal account, you will need to log in to PayPal's official website first. Clicking on this link will take you to the main PayPal website. There you will see two options for opening an account. One is PayPal Personal Account, the other is the option to open PayPal Business Account.

Step 1

As PayPal Personal cannot be opened from Bangladesh, so you will click on 'Business Account' option. Then follow your one registration interface. You will need to provide an information form to complete the registration.

You will see 'Enter your email address'. Use the email id you want to open a discount on PayPal, provide it here and sign up. However, you must ensure your full access and security to that email ID.

You will then be asked to set a password. Here you will set a strong password. Do not save passwords on Google in any way, do not use simple and simple passwords. Because, international hackers are sitting in ambush to steal your money from PayPal. Therefore, the general rules of cyber security must be followed.

Step 2

After submitting the password you will be asked about your business. First of all you will want to know the 'Business Contact'. You will provide the legal name according to your correct name i.e. certificate / ID card. First Name will be asked, Last Name will be asked. Here you will provide information by dividing the first part and the last part of your name into two parts respectively.

Then you need to provide Business Details. If you have a website or online platform or an online / offline business, use the name of that organization or business. Use that name to describe two to three lines about the organization / business / website. This is your business details. And if you do not have a business / website, you can describe a few lines of your normal business world as business details.

You will then see the option to provide the business phone number. Enter your correct phone number here. Since there is no drop-out menu like personal PayPal account, any country number including Bangladesh can be used. However, you will use a number that you have access to. The number must be written in international format. No idea about international format? Don't worry. We are telling. +8801 ******** Writing numbers in this format is called international format. The matter is very simple. Isn't that so?

Then you will see the option to give Business Address. Here are two blank lines for writing the address. Enter your full address here. In the first line you can give information like house or holding number, street name, ward or village name, union, post office, police station etc. On the second line you can write the name of the city, the name of the state, the name of the country, etc.

Then you have to enter the name of the city separately in the ‘City’ option. Then you have to select the province. If you can't find Bangladesh here, select another option. Then enter the postal code of your nearest post office in the postal code option.

After completing these, tick the left side of ‘Terms and Conditions’ to make sure PayPal accepts the Terms and Conditions. You can read the whole term and condition if you want. This way you can easily understand if you are breaking any rules while using Paypal. If you have time, you will fall. Many people's Paypal account is restricted or blocked due to not knowing.

Step 3:

After completing this information correctly you will see another information form called ‘Describe your business’. Select 'Individual' as 'Business type' here. You can enter 'Business Service' in the box called Product / Service Keyword. In the blank field named ‘What is your normal sale’ you will select the minimum value. Because, since you have selected ‘Individual’ or Personal Business Type, it would be wise to select the smallest amount from the drop down list in the Cell Value option.

Then ask them to set a date for when your business started. If you don't have a business, you just have to set a date in this room. Then you will see the website link. This is optional. Nothing comes without filling this room. Then click on the ‘Submit’ button.

Step 4:

You will see another information form titled ‘Tell us more about you’. You will be asked to provide your personal information here. Provide your exact date of birth first. Then ‘What is your occupation’ you can select ‘Business’ here, or you can select any other relevant. You will then be asked to provide information regarding the home address. Here you can use the ‘Same as Business’ option. If you want, you can give different address or information here as home address.

If you go through these steps correctly, you will see that your Paypal Business Account has been created. You will see the Paypal account dashboard on the front. On the dashboard you will find all the necessary benefits like your balance, the option to send money to someone, the option to add money to the account, etc.

Paypal Business Account Verification

I have shown you the rules for opening a Paypal account in Bangladesh through the above steps. However, to use the business account, you have to go through a verification process. This is to prevent anyone from committing any crime using fake information or fake profiles.

Verify your phone number. Set up two-factor authentication or two-step verification. This will require you to use the OTP or one-time pin code in addition to the password when logging in to your account. As a result, security will be strengthened. You need to verify the ID by uploading a photo of any one of your national identity card / passport / birth certificate / driving license etc.

You may also want to know more about yourself. Fill them correctly. If you want, you can add your debit card or credit card to PayPal account. This will allow you to easily make card to paypal or paypal to card transactions. You can also add a bank account if you wish.

In that case the bank account needs to be a business account. I personally use Islamic Bank. In this way, all the transactions of the account, card etc. can be controlled from the cellphone mobile app of Islami Bank while sitting at home. If you want, you can open an account at Islami Bank using Selfin app at home.

However, do not provide incorrect information in any case, be it bank account information or personal information. Because, in today's world, it is very easy for PayPal to verify your information. Incorrect information provided may be the reason for your Paypal Business Account Restriction or Block.

In that case you can lose your account balance forever. Paypal business account is not restricted or banned due to account from Bangladesh. PayPal accounts are often banned or restricted for providing unintentional or even intentionally incorrect information. So always provide accurate and true information. There will be no account risk. By reading the article on how to send money to development from paypal, you can know the rules of withdrawing money.

How to withdraw money from PayPal

According to PayPal account opening rules, if you can open a proper business PayPal account, then you do not have to bother to withdraw money. Because you can add your debit card to paypal account or link your paypal card to the bank. But remember that in order to link, your bank account must be a business bank account.

Answers to questions about PayPal account

1: When will the personal PayPal account start in Bangladesh?

A: It cannot be confirmed yet because it depends on our government.

2: Will there be any harm in running personal PayPal account with VPN?

A: Yes, because at any time your money can get stuck in that account and you can never withdraw.

3: Can I take payment from Marketplace with Business PayPal account?

A: Yes you can. This is how employees of all freelancing sectors in our country take payments.

Personal PayPal account service should be launched in our country as soon as possible. This is what will make our country's online marketplace move faster.

Also read : paypal release funds trick 2022

Last word

From today's article you have learned the rules for opening a Paypal account in Bangladesh. Reading the rules described by us, you must understand that we have not adopted any kind of immoral approach. Instead, I have explained the rules for opening a Paypal account in the official system.

Many people try to take the wrong path without knowing it. Again, for the benefit of the hustle and bustle people of our country, many people try to get PayPal account in many ways like VPN, fake foreign number etc. I can't say how much success can be achieved by doing these. But even if one succeeds, one has to end the journey through account ban in the end. As a result, it is no longer possible to withdraw the balance in the Paypal account.

So do not resort to these immoral ways. It is foolish to follow an unethical way to have an official system. However, most of the people try to go the wrong way because they do not know the rules for opening a Paypal account. Which is by no means desirable. We have stated the rules for opening a Paypal account in Bangladesh legally. Once you know this, you must not resort to immoral means.

Dear reader, so far today. We believe that the article titled 'Legal Paypal Account Opening Rules in Bangladesh' will help you in your future endeavors. If you like this article, you can share it. Be sure to leave your feedback in the comments.

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