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PayPal is one of the most popular online payment systems in the world. Unfortunately, PayPal is still not officially available in Bangladesh.
However, that doesn’t mean Bangladeshi freelancers, businesses, or online entrepreneurs are stuck. Over the last few years, several reliable alternatives have matured and are now widely used for both international and local payments.
In this updated guide, we’ll walk you through the best PayPal alternatives you can actually use in Bangladesh, along with what each option is best suited for.
1. Payoneer (Best Overall Alternative)
Payoneer remains the most widely used PayPal alternative in Bangladesh, especially among freelancers and remote professionals.
Why Payoneer works well
- Receive payments from Upwork, Fiverr, Freelancer, Amazon, Envato, Airbnb, and many global clients
- Get USD, EUR, GBP receiving accounts
- Withdraw directly to Bangladeshi bank accounts
- Optional Payoneer Mastercard (availability depends on account status)
Unlike PayPal, Payoneer is fully usable from Bangladesh and compliant with local banking systems.
Best for: Freelancers, affiliate marketers, SaaS founders, remote employees
Read: How To Create A Payoneer Account In Bangladesh
2. Wise (Formerly TransferWise)
Wise has evolved significantly since 2022 and is now a strong PayPal alternative for receiving international payments.
What Wise offers:
- Multi-currency account (USD, EUR, GBP, etc.)
- Receive international transfers at real exchange rates
- Withdraw directly to Bangladeshi banks
- Transparent fees with no hidden markup
Note: Wise does not provide debit cards to Bangladeshi residents yet, and it’s not a checkout system like PayPal.
Best for: Receiving salary, international client payments, holding foreign currency
3. Xoom (Limited Use Case)
Xoom is a PayPal-owned service, but its usefulness in Bangladesh is limited.
Important clarification
- Xoom is mainly for sending money to Bangladesh, not receiving payments as a merchant
- You cannot use Xoom as a PayPal replacement for freelancing or online business
- Works mostly as a remittance service
So while Xoom is related to PayPal, it does not function like PayPal for Bangladeshi users.
Best for: Receiving remittance from abroad (family support)
4. bKash (Best for Local Payments)
bKash is now deeply integrated into Bangladesh’s digital economy and is the most widely used local payment system.
What bKash does well
- Peer-to-peer transfers
- Online and offline merchant payments
- Utility bills, mobile recharge, subscriptions
- Widely accepted across ecommerce sites
However, bKash cannot replace PayPal for international payments.
Best for: Local ecommerce, services, subscriptions inside Bangladesh
Read: Best Digital Mobile Wallets in Bangladesh
5. SSLCommerz (For Online Businesses)
SSLCommerz allow businesses to accept:
- Visa / Mastercard
- bKash, Nagad, Rocket
- Internet banking
It’s not wallet, but full merchant payment solutions.
Best for: Bangladesh-based ecommerce stores and service businesses
Quick Comparison Table
| Use Case | Best Option |
|---|---|
| Freelancing | Payoneer |
| International clients | Wise / Payoneer |
| Local ecommerce | SSLCommerz |
| Local payments | bKash |
Conclusion
It is awesome to have Paypal while you are trying to make online transactions. Yet unfortunately, we are not privileged yet for that. Alternatively, you can still choose any of these payment options for as smooth transactions as Paypal and get your job done in no time. These are hassle-free, time-saving, and low-cost payment methods that will definitely please you.