PayPal in Nepal

What is PayPal?

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders and has been involved in many cases of litigation concerning fraud scams.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.

PayPal in Nepal

PayPal in Nepal is not easy and flexible to use. It is because of the fact that Nepal Central Bank needs an explanation on every money that is coming in and out of the country and hence PayPal cannot be linked to any of our Nepalese Banks. We being a Nepalese can sign up freely in PayPal but need to use a US bank account to get verified. In most of the cases it is fine, as most of the Nepalese (for eg: IT Freelancers) do not require TOP UP but mostly require an easier way to collect there payments from different parts for the world. Do not worry and use PayPal in Nepal freely.