How to make PayPal for your Digital Agency in Pakistan 2024

PayPal is a really hot topic nowadays, as e-commerce business is on the rise due to covid-19, people usually prefer to shop online, and when you are shopping people usually want their payments to be rapid and hassle-free and this is where PayPal comes in. This guide will walk you through all the basics u need to create your PayPal account, how to integrate and some useful tips to help keep things running in a smoother flow.

BRIEF HISTORY OF PAYPAL

Before we get into the WHY PayPal we should know WHAT PayPal is and WHAT benefits are there to utilize this online payment system.

PayPal came into existence in 1998, since their one-click transaction feature became so popular that within a span of 4 years the company’s worth went to 1.5billion dollars.

PayPal works the same way as easypaisa does, but on a larger scale. The easypaisa app works locally in Pakistan. Whereas Paypal has a huge international market and therefore widely favored in many of the famous online stores like amazon , ebay. shopify. It’s a one click payment solution. If we look into the statistics PayPal has 346 million registered users worldwide. Therefore making it the no 1 payment system amongst others and a huge target market for online retailers.

BENEFITS OF USING PAYPAL IN PAKISTAN

PayPal offers a variety of benefits to its customer

Flexible Payments

It gives u the ability to send/receive payments on the go, and it allows its user to transfer money from their personal PayPal account to their bank account within a 24hours period. It doesn’t end here.

Secure Shopping

PayPal has their own refund policy which gives security to its users to avoid online scams. It’s a 180 day period in which you can get the item returned its damaged/faulty, and you’ll get your full refund back.

Transaction Management

It also provides you with a feature that lets you track all the transactions made, and you can forward the auto-generated receipt to the desired customer as well.

Fee Structure

The Standard transfer to a linked bank account is free of cost whereas if u want to Instant transfers with an eligible linked debit card or bank account, PayPal will charge 1% of the amount transferred with a maximum fee of $10.00. For online shop owners, PayPal charges 2.9% + 0.30% per transaction and there is no hidden fee other than that.

WHAT USE PAYPAL HAS IN PAKISTAN

As we know Pakistan freelance and e-commerce industry shows good potential, in order to sell their products online they need a payment system which their target audience relies on and is heavily trusted internationally since who doesn’t want secure payments, this is where PayPal plays a huge role.

Creating a PayPal Account

PayPal has three types of accounts. Personal, Premier, and a Business account.

Personal account

It is a basic account intended for shopping, sending/receiving money between family and friends.

Business Account

This is for people who own their business, it is capable of mass transactions and generate invoices on the go. Keep in mind that there are two types of business accounts.

1. Standard
2. Professional

In standard account PayPal acts as a middle man, and all the checkouts goes through PayPal, whereas in Professional u can design the type of checkout process. As good as this sounds it the professional comes at a whopping 30$ price tag a month.

CREATING YOUR PAYPAL IN PAKISTAN

This is a step by step in depth guide on how to create paypal account in Pakistan.

• Creating your own PayPal is very easy, follow these guidelines
• Click on the PayPal website.
• Now Click on Sign Up for free which is in the middle of the page
• You can either select Personal Account or business depending on your needs. When you’re done click on the next Button.
• Provide your email address and create a password. Consider a strong password, since securing your account comes first
• Provide a valid email address, since that would be used on verification purpose.
• Fill out all the required information asked on the website to create your account
• Since PayPal doesn’t operate in Pakistan, you need to add a valid country in which PayPal operates to make it work (example)(USA)
• When you’re done with all the previous procedures, don’t forget to verify you’re email address or you won’t be able to receive your payments
• Login to your email id which you gave for creating the website, and click on the email sent by PayPal to complete the verification process.

Payoneer Account

To be able to receive payment from your international clients, you need a Payoneer account as well, the reason why Payoneer is necessary is that as we know PayPal doesn’t work in Pakistan and therefore you need a third party payment gateway to be able to secure the payments that come from international clients.

It supports more than 160+ currencies, is accepted in all the major and minor countries throughout the world making it the most viable option to go for.

Below is a step-by-step guide on how you can achieve that.

• Click on the payoneer website
• You need to have a valid email address, you can use the same email address you used to set up PayPal, or u can choose to go for a new one.
• To apply for payoneer account click sign up now
• You need to fill out all the relevant information asked
• Here you enter the email address that for the payoneer account, make sure to take a strong password
• When you’re done You have to enter the basic contact detail. City country, etc.
• Provide with your current cellphone no.
• Once you are done with all the steps then you just have to confirm your email address to be able to enjoy their services.

Payoneer card

Here comes to tricky part now that you have successfully created both the accounts what you need now is a valid bank account (on which you will be redirecting all your online payments).

There are certain criteria’s to be met in order to apply for the card, they are mentioned below:

• A valid bank account.
• IBAN (account number).
• A user name and password.
• A security question (only for account security)
• A valid CNIC and click on the order

After following all the steps you have finally created your Payoneer and PayPal account, the only thing left now is the approval of your Payoneer card, which roughly takes 3 days max. It will also be shipped to the address that you mentioned in the registration phase(make sure to enter your current and valid one). Shipping can take almost 5 weeks or 6 in some cases.

Activation

After getting your hands on the Payoneer card, you need to activate the card, don’t worry we have got you covered on that part as well, just follow the step below in the correct order.

• Login in to your Payoneer account.
• Enter your user name and password.
• Click on “Login”.
• Click on the “View your status and activate your card”.
• Click on Activate.
• Now click on Card Activation.
• Enter your 16 digit card number and choose 4 digits secret pin.
• Now click on agree to the cookies policies.
• Click on the “Activate”

Linking PayPal account with Payoneer card

The final step, now that you have set up both the accounts activated your card. The only step left is to link the Payoneer card with the PayPal account. Right now if you log in to your account u can see that your account is unverified since people don’t work in Pakistan. Don’t panic, you will need a bank account from the United States to get a verified Paypal account in Pakistan. This is where your Payoneer account comes into play because it allows you to send or receive funds through PayPal.

You can utilize your Payoneer Debit Master Card which allows you to withdraw funds from any ATM of Bank Alfalah, MCB Bank, Standard Chartered Bank & Faysal Bank.

Follow the steps below.

• Open the PayPal website.
• Login in to your PayPal account.
• Now enter your email address and password
• After signing in your PayPal account, click on “Link a bank” option on your Account Summary page to get started.
• If your bank is listed then you just need to enter your online banking login information to automatically link your account.
• If your bank is not listed then you need the account number and routing number.
• To find account number and routing number of Payoneer account you need to login into Payoneer account.
• Activate option of US Payment Service.
• Now click on “Receive Money” option.
• After clicking on US Payment Service, you will find Routing Number and as well USA Virtual Account No.
• Now enter that Routing Number and USA Virtual Account No in your unverified PayPal account.

After that, you will receive two small deposits that will be sent to your Payoneer account by PayPal. You will be able to see those deposits after 2 to 3 working days.

After receiving deposits sent by PayPal and log in again into your PayPal account.

After signing in you need to put the same amount that you received on your Payoneer account into your PayPal account

Your PayPal account will be verified automatically.

This is the legal way to use PayPal in Pakistan and please don’t fall into the traps of scammers. They will sell you fake PayPal accounts for some Rupees. So try to follow these steps and make a legal PayPal account in Pakistan.

If you can afford to travel to Dubai, the USA, or any other country where PayPal has its operation then you can create a PayPal account. Just open a bank account in Dubai and simply signup from there.

PayPal is not banned in Pakistan, it’s just PayPal does not operate in Pakistan yet but people are hopeful that PayPal will start its operation in Pakistan.

Now you know all the steps how to create a PayPal account in Pakistan 2024 and you also know how to withdraw funds from a PayPal account in Pakistan. If you’re a freelancer or just starting a company that will sell its services or products internationally then Payoneer is your best bet.