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How to use PayPal in the UAE

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If you own a company or are considering starting one, you've undoubtedly heard of PayPal. You may have also used it as a customer a few times. However, now that you're in business, you may be interested in seeing what the famous platform has to offer in terms of payment options. PayPal has been involved in electronic payments for more than a decade.

It's an online banking service that lets you pay for things with a safe online account. You simply enter your bank account, credit card, or debit card details, and you can select which of your cards or accounts PayPal can use when you make payment. You can use PayPal to not only pay for things but also to obtain money. Any money you earn is stored in your PayPal account and can be used to make purchases.

If you're unfamiliar with payment gateways in general, here are some of their most popular features and capabilities:

  • They make it possible to pay for products and service both online and in person.
  • They make it possible for people to send and receive money.
  • They offer a variety of digital security and payment safety options.
  • They charge a variable or fixed fee, or a combination of the two, for their services.
Why businesses in the UAE use PayPal?

Although there are many online payment services available these days, such as Stripe, Square, Visa Checkout, Masterpass, 2Checkout, Apple Pay, and Google Pay, PayPal has a few advantages that others do not. To begin with, because of its age, it is well-known and widely accepted, even among smaller retailers. Thousands of websites, including those that do not accept Apple Pay or other digital financial services, have a PayPal payment alternative. Its consumer security features can also ensure that you receive a refund if an item you purchase online does not arrive or does not meet the seller's description. This is particularly useful when buying goods on eBay, where shop guarantees are not always available.

Steps to open a PayPal account in the UAE?

It's easy to open a PayPal account. Go to PayPal.com and choose the Sign-up option.

  • You'll be asked if you want to create a personal or business account, and then you'll be on your way. But don't forget to bring your bank, credit, or debit card information with you.
  • Enter the information for your bank's credit and debit cards. If you open a PayPal account in the United Arab Emirates, you will be able to submit and receive payments from other banks. You can also withdraw money from your PayPal account to a UAE bank account, as well as to a credit or debit card.
  • In order to open a PayPal account in the UAE, you must provide information from your national ID card. After that, confirm your email address, and you will receive a confirmation email from PayPal to that address.
  • The next move is to add a bank account, which will be the one where you will add or withdraw money.
  • From the list, select the intent code. Choose the reason you want to receive payments on your PayPal account.

How to Withdraw Funds from PayPal in the UAE?

Now that you've allocated funds to your PayPal account, the next step is to withdraw them. So, simply follow the instructions and you will be able to withdraw funds from your PayPal account in the UAE without any difficulty.

  • Check for the ‘Transfer to your bank account' option, which should be just below the PayPal balance.
  • Select your bank account and then press next.
  • Then, enter the number you want to delete and press the Next button.
  • Finally, go over the transfer and click the Transfer Now button.
Here are a few things to keep in mind when withdrawing funds from your PayPal account in the UAE:
  • If you have already requested a withdrawal, you will not be able to revoke it.
  • The minimum amount you can move to another bank's account is AED 41.74.
  • Never be concerned if the transaction takes up to 3-5 business days.
  • You will be unable to withdraw funds to a debit, credit, or prepaid card.

PayPal has apps for both Android and iOS, which can be found on Google Play and the App Store, respectively. Customers use the PayPal app to securely send, receive, and access their money. To use the app, you must, of course, have a PayPal account.

  Apr 22, 2021     by Adekunle Oludele     13.1K Views     0

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© Copyright The Watchtower 2010 - .