The 10 Best PayPal Alternatives for freelancers in Bangladesh
There is no doubt that PayPal is the finest way to send and receive payments globally. However, because we are unable to get it legally in Bangladesh, we must look for PayPal alternatives.
One of the most important advantages of these alternative payment systems is that they are sometimes used as referral programs. Your friends will have a seamless and straightforward way to do international transactions. They are convenient, time-saving, and cost-effective. You can unquestionably count on them.
Here are some of the Best Alternatives to PayPal in Bangladesh:
Payoneer is a payment gateway that enables you to send or receive transactions without any merchant account. This platform basically provides all the payment services. It is a common pick among freelancers and international corporations.
If you do not like to receive credit card payments, Payoneer is undoubtedly an outstanding choice. Through this platform, you will be able to send and receive transactions in 150 countries. Payoneer offers a MasterCard that is accepted anywhere in the world. Besides, you will be able to do your shopping online via this payment gateway.
Skrill is another popular payment gateway and one of the best alternatives to PayPal. Not only is it in Bangladesh, but Skrill has become a popular merchant payment provider. This payment gateway has reached its peak due to its low currency conversion rates.
They offer a prepaid MasterCard. You can use it in hundreds of thousands of stores around the world. When it comes to safety and security, there is no scope to ignore this one as it is regulated by the Financial Conduct Authority. One of the main cons of Skrill is that it takes time to verify you while creating an account. It is not actually a disadvantage because they do it for your own security issues.
Neteller is ideal for sending money to and from merchants for nearly any reason, including social media companies and forex trading companies. Millions of people trust this popular eWallet service, which is available in Bangladesh for both Android and iPhones.
One of the most significant benefits of Neteller is the merchant feature, which allows users to withdraw cash immediately using the Net+ card or transfer the amount to their own bank accounts.
Net+ Card Solutions can assist you in obtaining a Net+ Virtual Card, Net+ Plastic Card, Net+ Gift Card, Pay Online, and Money Transfer, among other services. They also provide a number of tools for operating your company and adding rewards programmes and other advantages.
Xoom is a quick and simple way to send and receive international transactions in Bangladesh. It can be a good alternative to PayPal. It's almost as if you're using PayPal. Actually, Xoom is an organ of PayPal. It allows you to send and receive money from over 70 different countries. As a subsidiary of PayPal, Xoom is intending to reach more users globally.
Xoom offers many services such as Cash pick-ups, International Bank Account Transfers, International Bill Payments, Mobile Airtime top-ups, and many more. This payment gateway does not offer any services for corporate customers. But you will get this service through PayPal.
Payza is an international payment method that debuted in Bangladesh in 2012. It is the country's first payment gateway. It provides the opportunity of sending and receiving transactions internationally. This payment method lets you exchange 25 currencies, including Bangladeshi Taka. It is now available in over 190 countries around the world.
You can also fund your account with bKash. It enables you to send money anywhere you wish. Besides, you will be able to withdraw funds from a local bank in local currency. Payza also facilitates you by enabling online purchases.
06. iPay Bangladesh
In Bangladesh, iPay is one of the best digital wallets. They are attempting to be Bangladesh's most user-friendly online payment solution. It is a safe transaction system that you can use for everyday transactions.
iPay transactions can be accomplished using Android/iOS devices as well as PC. It offers you to exchange revenue with other iPay users. So, you are able to give payments for various utility bills and online purchases using this gateway. You can simply link the iPay account to a bank account and transfer funds between them.
TransferWise is the most convenient method to make international payments. It is quick, genuine, and inexpensive. In the instance of currency exchange, it always offers you the genuine exchange rate. To move funds with this gateway, you do not have to alter your currency.
You may download their app on your smartphone and use it. There are no hidden fees while using the application to make online transfers. It is undoubtedly a reliable and easy way to send money abroad.
Stripe goes head to head primarily with PayPal for online corporate customers. They offer you to do only Canada and US-based businesses. But you can receive payments from any source. It charges 2.9 percent (+30 cents) per transaction which is very clear. Stripe's checkout process takes place on the enterprise owner's website rather than sending customers to an external website such as PayPal.
Another advantage of using Stripe is the ability to make bank account deposits. If a customer buys a product from a company using Stripe, the network immediately deposits funds into an external bank account.
2Checkout is a well-known payment gateway and a viable PayPal alternative. All prominent WordPress e-commerce plugins offer extensions for integrating this gateway. You may also include it in any online store and begin selling items to locations where PayPal is not available. 2Checkout provides a variety of payment withdrawal options, and you may even use your Payoneer debit card to withdraw funds.
QuickBooks is one of the best online accounting systems in Bangladesh. It is becoming more fluid and transparent in its service. In a nutshell, QuickBooks is the most comprehensive accounting app available. With functionalities that cover every aspect of your business, you'll never need another accounting system! You will be able to use it on your PC or Mac.
The QuickBooks suite provides a comprehensive set of tools to help entrepreneurs run their businesses, including financial management. QuickBooks makes it simple for small businesses to keep track of sales transactions. It gathers all relevant reporting data in one place and alerts you when anything needs to be corrected!
Though PayPal is considered the most wonderful payment gateway globally, there are a large number of alternative options. PayPal is not available everywhere in the world such as in Bangladesh. However, several online payment gateways provide equal functionalities even at cheaper fees. You can definitely rely on these gateways we have listed.