How to use a PayPal account in Saudi Arabia?

Internet and modern technology are now being used in almost all the sector. The scope of the internet is so wide that looking at its applications, one is shocked. You can even shop online and make transfers online.

Who could have thought of it even a decade earlier! But yes, the internet has revolutionized everything.

PayPal is perfect for online payments. Both seller and customers can exchange payments easily using PayPal. PayPal is indeed the emerging new trend. So for your ease, we will be guiding you on each aspect of PayPal usage in Saudi Arabia.

What is PayPal? PayPal is a safe way of not only making online payments but also receiving money. Both sellers and customers can use PayPal services. Payments can be exchanged by making an account at PayPal.

The customers who want to transact payments to a retailer are not liable to share their confidential financial information. This is made possible because of the availability of PayPal’s preloaded balance. This balance comes from the bank account or a linked credit card.

PayPal enables sellers to send an invoice to the customer without using website. Merchants can also set a Buy Button tab on their websites which links to PayPal.

PayPal users: PayPal allows merchants and Customers both to enjoy its services. Both need to have accounts at PayPal, yet Merchants will be required to open a business account while customers shall sign up for an individual account.

Opening a PayPal account: People of Saudi Arabia can create an account by visiting PayPal’s website. (here is the link for you: https://www.paypal.com/sa/webapps/mpp/home). Simply open an account here and enjoy PayPal’s services.

Verify a PayPal Account: The next step is to Verify a PayPal Account. We have explained the procedure in detail to Verify a PayPal Account.

Transferring money into a PayPal account from a bank account: One can transfer money from his bank account to PayPal account, however, Saudi citizens have to wait until the feature is introduced here. Round of discussions is being held between PayPal and Saudi banks.

However, within MENA transfer of money from bank account to PayPal accounts are available only in Qatar and Jordan (with Qatar National Bank – QNB) and in Jordan’s Cairo Amman Bank respectively).

The money transfer from bank account to PayPal’s account is known as ‘Instant Top-up’. Under this, the PayPal accounts get top up by the money in one’s bank account.

...[ Continue to next page ]  /  Source: lifeinsaudiarabia