The Daily Independent citing The (BBS) Bangladesh Bureau of Statistics reported that 4.37% of Bangladesh people are jobless or unemployed. They also said 46% of the university graduates couldn’t manage a job. When the unemployment scenario is horrible, then freelancing can be one of the most comfortable solutions to tackle this problem. But, only for getting payment issues, Bangladesh can’t earn as much revenue according to the opportunity.
In my last article, I have written A To Z about Bangladeshi Freelancing Payment Solution. If you don’t read that article, you can check it to get a clear overview of the freelancing sector. Many online payment methods are available to get and bring payment in Bangladesh, but PayPal is the best and most famous method.
It is a matter of great hope again that Private Industry and Investment Adviser to Prime Minister Sheikh Hasina, Salman F Rahman assured on October 22, 2021, of launching Paypal by December 2021. He spoke about the issue during his visit to the Walton factory at Chandra in Gazipur in the morning of October 22, 2021.
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PayPal in Bangladesh now in 2021
As the saying goes, necessity knows no laws. The proverb may not be legal or ethical but practical. Besides, a man by nature may not be a thief, but opportunities make him a thief in many cases in the modern ages. So, in the perspective of the regulator in Bangladesh, Paypal is yet to be legal, but people are not waiting. They are cracking the codes to get the services sitting here with fair means or by foul. PayPal is used in Bangladesh mainly in the three alternative ways:
- Using the account of any client/near ones living where Paypal is legitimate.
- Opening with the hypothetical address
- Taking some undercover services from the crackers
By the way, let me make you clear about the queries below:
- a. Is Paypal legal in Bangladesh?
- The answer is No. Zoom, a concern of PayPal is legal in Bangladesh.
- b. Is it safe to use from Bangladesh?
- The answer is No.
- c. Can you open it from Bangladesh?
- The answer is No theoretically but yes practically.
So, if all the answers are no, how people use it?
The answer is at their own risk in search of temporary gains and user-friendliness.
Though PayPal is not allowed in Bangladesh, many freelancers use this online payment method illegally because of its popularity and easy accessibility. Let’s reveal the entire process of how freelancers of Bangladesh use PayPal from Bangladesh now?
How to open a PayPal account from Bangladesh- A bitter truth
By following the below process, you can open a PayPal account from Bangladesh. Since this account, you will receive your online payment and store your money, so always be conscious while following the instructions. Here is the step-by-step guideline, which as a Bangladeshi freelancer, you can follow through your mobile phone.
Step 1- Ensure uninterrupted internet connection.
First, ensure your uninterrupted internet connection to your mobile phone. Suppose the internet connection is slow or disturbed. In that case, you can’t complete the whole process of opening a PayPal account at a stretch, even if you face any hassle while opening an account that will cause some complications to the entire process.
Step 2- Go to your google chrome browser.
After ensuring a smooth internet connection, go to google chrome. Now, type “PayPal.com/cy” to the search bar of your Google Chrome browser. Then you find a page where login or sign up for free is written. If you have created any PayPal account, you can log in to that account by pressing the login button as you don’t have an account right now, so press the sign up for free control.
Note that you are choosing Cyprus not BD to open account.
Step 3- Select account type
After pressing the sign-up button, you have got a page. There you will see two bars. One is for a personal account, and another is for a business account. As PayPal is not allowed in Bangladesh so you can’t use the personal statement from here. So press the business account button. Then press continue.
Step 4- Insert email address and password.
After that, you will see a page where you have to insert a valid email address. Remember, insert an email address which you use regularly and that has a strong password. Then, you have to write your PayPal account password. Don’t write the PayPal account password the same as your email password.
The password must contain at least eight characters, including characters, digits, and symbols. When you combine all the things to your password, that will be very strong, so the hackers can’t quickly identify your password to hack your PayPal account.
Step- 5 Insert essential information.
In this step, you have to write some of your business information, such as first name, last name, phone number, business address, etc.
Don’t panic if you don’t have any real business because PayPal doesn’t verify your business information. You can give your personal information there, and it doesn’t cause any problem.
Write your first name to the first name box, your last name to the last name box. As initially, you type cy, which means Cyprus’s phone code is selected to the phone number box. Now, click the down triangle, and there you will see all country’s names with their flag. Select Bangladesh as the country, then automatically, Bangladesh’s phone code is selected there. Now, write your phone number, which you always use.
After that, you will see two boxes written to address one and address two. There you must register your address where you live now. If you can write your full address in the first box, don’t write anything to the second box. Keep it empty. While writing your address, first register your city, then town, then village.
Then write your village postcode to the postcode box and click the “agree on” button. By clicking this button, you have agreed to PayPal’s all terms and conditions. Then click continue.
Step- 6 Fill up the business description page.
When you have given your business information, Paypal wants to know some detailed information about your business; that’s why they give you a form to fill up.
There are different types of businesses: individual, sole proprietorship, partnership, public limited company, private limited company, etc. As you will use this account to get the freelancing payment, it means it is your business to select individuals for the business types.
Then fill up the product and service keyword box by writing marketing and other direct marketers from many options.
Then you have to write your business URL. But it is not mandatory; if you have any business like the Facebook page, YouTube channel, then write the link to the box. If you don’t have any Facebook page or youtube channel, then keep it empty.
Then you will get a box written PayPal CC. Here CC means credit card. If you have any bank account or credit card number, then write here. The number must be within 11 characters. If you don’t have a credit card, then write only your first name there. Then click continue.
Step- 7 Insert date of birth information
When you click the continue button there, you will reach another page to open your PayPal business account. Now, you have to give your date of birth information. While providing this information, follow your national ID card or date of birth certificate.
If you make any mistake in giving this information, then in the future, you may face any problem when Paypal wants to verify this information. Then PayPal wants to know your nationality. In the nationality box, Cyprus country is set by default. Click the triangle button and then select Bangladesh as your nationality is Bangladeshi.
Here, PayPal wants to know your personal information like phone number and address. If you’re going to give the same information you have provided earlier, click the same button. Paypal takes the information from the previous page. Then click the submit button.
Step- 8 Verify your email address and password.
After completing all the seven steps, PayPal will send you an email to your given email address. So you have to open your email and click to verify options. Then come to the PayPal form and click the save password option to save your password for future use. Now your PayPal business account is ready to use.
Step- 9 Manually setting your account.
Before practically using your PayPal account, you have to do some other setting-related things. In the left upper side of your account, you will see a three-line menu; click there. After clicking, you will see some options such as Summary, Balance, Activity, Reports, Tools, More, etc.
First click Balance there you find Euro currency is primarily set by default. You have to make USD dollars as your primary currency because when you make any transaction, that transaction will be in USD dollars, not Euro.
For doing this below the Euro currency, there you will see a box with written dollars. Go there and click to make it the primary option. Then again, you see a pop-up box where it is written to make primary. After clicking there, you will set dollars as your primary currency.
Then click settings, and you will see where your profile is written. Click your profile. After clicking your profile, you can see all the information at a glance that you have already provided to the PayPal authority.
From this place, you can change your email address, password, phone number, business address if you want. But now, you have to write security questions to ensure your profile’s strong security. After clicking security questions, there you will find the PayPal authority sets many questions. From all of those questions, select two questions and write the question’s answer.
Note: you have to remember which two questions you have selected and what your answer is. If you forget them, you may have to face problems in the future when Paypal verifies your account.
At last, your PayPal account is entirely ready to make any transaction.
Some must follow tips and tricks to keep your PayPal account safe.
Since you will use the PayPal account in the wrong way or illegally, that’s why you always have to follow some extra precautions not to ban your account. If PayPal authority understands that you are using their service without their permission, they will ban your account, and you will lose the credit of your PayPal account. The best practice of using PayPal service from Bangladesh
● Always use one device to log in to your PayPal account. That means if you use mobile for opening your account, then always use the same mobile for this account. This word is also right if you use a laptop, desktop, or tablet.
● Don’t log in to your PayPal account from multiple devices at a time. If Paypal can identify that one account is log in from different devices, they immediately ban it.
● Don’t share your PayPal password with others.
I hope now you have a clear idea about how freelancers of Bangladesh use PayPal from Bangladesh now? Though it’s not the right way to use the PayPal service without getting any other options, many Bangladeshi freelancers follow this channel to get their international clients’ payment.
Hopefully, the Bangladesh government will take immediate action to bring PayPal service to Bangladesh. And the day is not far away when you can accept PayPal service legally as a Bangladeshi freelancer. Especially the escrow-related services for foreign transactions require such gateway urgently.
If you have any suggestions on which steps will help bring PayPal to Bangladesh, leave a comment in the comment box by mentioning your suggestions. Maybe any top-level government person can see your suggestions.