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It is undeniable that Paypal is the best online payment system in today’s world, but not all around the globe are lucky to use it.
Take, for example, our country. We do not have Paypal here in Bangladesh, yet we have some different options to get the job done exactly like we would have done using Paypal.
Here are 5 Paypal Alternatives you can efficiently use in Bangladesh and make money transactions online without a fuss.
1. Payoneer
With the rise of freelancers and online professionals in Bangladesh, Payoneer is becoming the most used online payment system in Bangladesh.
It’s basically a USA-based company that offers prepaid debit cards which can be used anywhere in more than 200 countries where MasterCard is accepted. You can even encash your Payoneer balance from your local banks or any ATM booths.
Read: How To Create A Payoneer Account In Bangladesh
You can also pay for your products bought from different online stores with the Payoneer Card. You can transfer your Payoneer balance to your bank account and use it from there as well. If you happen to earn via freelancing, Payoneer will give you freedom of earning. Most freelancing sites accept Payoneer as an online payment gateway. Hence, making it easier for you to earn.
2. Wise
Wise, formerly known as TransferWise is already a favorite option among people who regularly receive money from around the world or do freelance and get paid internationally.
Your Wise account functions basically as an electronic wallet. It comes with plenty of features. Wise provides money transfers, but at the moment, you can only send money to Bangladesh. They have a variety of options for sending money. They also provide faster money transfers for certain transactions. As for exchanges, they will provide you with an accurate exchange rate, with no hidden fees. They also do not mark up their exchange rates. They also provide prepaid debit cards, but this service has yet to reach Bangladesh.
Money transfers from the United States to other nations can be made through a bank account (ACH), wire transfer, debit or credit card, the global SWIFT network, Apple Pay, or Google Pay. Wise is a pretty convenient option, but the only drawback is that they do not deliver cash directly to a home or business, and there are fewer than 100 countries where money can be sent. You can easily sign up for Wise and start transferring money as soon as you log in to your account. There, you can also keep track of your transactions.
3. Xoom
With Xoom, you can literally get the vibe of PayPal. As Xoom belongs to the PayPal family, you can send and receive money from over 70 countries via Xoom. Being a part of PayPal, Xoom is trying to reach global users under this special segment. If you have an international Paypal account, you can use it to use Xoom, or you can simply open a Xoom account of your own.
With a Xoom account, you can transfer money among different countries, make international payments, pay bills, recharge your phone balance, etc. You can use the app or site to get the job done. You can easily connect your Xoom account to your local bank account and start transferring and receiving money in international currency.
You can easily start sending and receiving money right after you log in to your account. You can track every transaction by Text, E-mail, and by logging in to the site from your pc.
4. bKash
bKash is right now the most popular and used online money transaction system in Bangladesh. It is a complete digital wallet and payment system on its own. You can actually use it for different varieties of transactions starting from an insignificant amount to a large amount. Because of its simplicity of use via USSD codes, bKash has been popular among mass people in our country. This way, currently most of the online shops are accepting payments through bKash.
You can pay bills for different monthly services via bKash as well. It is really simple to use and sending and receiving money are matters of some taps on the screen. You can now use the bKash app to send/receive money or make payments at a faster pace. All you will need is a connection to mobile data and use the app to make online transactions real quick.
5. iPay
iPay is one of the best digital wallets in Bangladesh. They are trying to be the smoothest online payment solution of Bangladesh. iPay is a secured transactions system that can easily be used for your day-to-day transactions. The transactions in iPay can be made through android/iOS devices or personal computers. Through iPay, you will be able to exchange money with other iPay account holders and make payments for different types of online/offline purchases, utility bills, and other services.
You can easily connect your iPay account with your bank and transfer money from your bank account to your iPay account anytime. You can easily transfer the money to your bank account as well in a few steps. You can also request iPay money from other iPad users in case of an emergency.
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.