Can we create an PayPal account in Nepal?
Yes, we can for sure create a PayPal account in Nepal. Paypal is a financial technology company where we can receive and send money online with just a few clicks. Nepal has had some rules and regulations where we were not able to link our bank account with PayPal. But, in 2021, Nepal launched a digital card called the dollar card. this dollar card are now being issued by few banks in Nepal. It has turned out to be very useful for merchants, students and individuals to send money to their loved ones and also to purchase services from all around the world.
So far 11 banks are issuing the dollar card, where we can visit and apply for pre-paid / dollar cards are:
NMB Bank, Nepal Investment Bank, Prabhu Bank, Siddhartha Bank, Nabil Bank, Mahalaxmi Bikas Bank, Kumari Bank, Global IME Bank, Himalayan Bank, Siddhartha Bank, Machhapuchchre Bank, and Sunrise Bank.
THESE CARDS ARE ACCEPTED BY PAYPAL.
There are a few limits on dollar cards which are governed by Nepal Rastra Bank:
1. We can load only 500$ per year.
2. We can only send money, we can accept payment or receive money on this dollar card.
( every bank has its rate of charge, which they take for applying for the card and loading the money into your card. After choosing a particular bank, you can go there and understand their rules regarding the dollar card.)
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