PayPal is a popular online payment platform used by millions of people around the world to send and receive money online. However, if you live in Pakistan, you might have noticed that PayPal is not supported in your country. This can be frustrating for people who want to use PayPal for online transactions. In this article, we are going to explore the reasons why PayPal is not available in Pakistan.
Overview of PayPal
Before we dive into why PayPal is not available in Pakistan, it is important to have a basic understanding of what PayPal is and how it works.
PayPal is an online payment platform that allows users to send and receive money online. Users can link their bank accounts, credit and debit cards to their PayPal account and use it to shop online or transfer money to other PayPal users. PayPal also offers additional features such as seller protection and fraud prevention.
Reasons Why PayPal is Not Working in Pakistan
There are several reasons why PayPal is not working in Pakistan. Here are some main reasons:
Lack of Legal Framework
One of the main reasons why PayPal is not available in Pakistan is the lack of legal framework for online payments. The Pakistani legal system lacks specific laws governing online payments, which makes it difficult for PayPal to do business in the country.
Security Issues Security Issues are Another Reason Why
PayPal is not available in Pakistan. Pakistan has high rates of financial fraud and cybercrime, which makes it risky for PayPal to do business in the country.PayPal has strict security measures in place to protect its users, and implementing them in a country like Pakistan can be difficult.
Pakistan has been subject to US economic sanctions in the past. These sanctions make it difficult for PayPal to do business in Pakistan because PayPal is an American company.
Lack of Infrastructure
Pakistan’s underdeveloped infrastructure has made it difficult for PayPal to do business in the country. For example, many people in Pakistan do not have access to the internet or bank accounts, which are required to use PayPal.
PayPal Alternatives in Pakistan
Although PayPal is not available in Pakistan, there are several alternatives you can use to pay online. Some of these alternatives include:
Payoneer is a popular online payment platform in Pakistan.It works like PayPal and lets you send and receive money online.
Skrill is another online payment platform in Pakistan. It allows you to send and receive money online and also offers additional features such as currency conversion.
TransferWise is a money transfer service that lets you send and receive money internationally. It is available in Pakistan and offers competitive exchange rates.
In summary, PayPal is not available in Pakistan for several reasons including lack of legal framework for online payments, security issues, economic sanctions and lack of infrastructure. However, there are several alternatives to PayPal that you can use to make online payments in Pakistan. Payoneer, Skrill and TransferWise are just a few examples of online payment platforms in Pakistan.