Payment Processing for those who lives in Bangladesh

At present I am using a verified Paypal account for online activities and payment processing purpose. But using Paypal from Bangladesh is really a matter of headache.
Not only that to cash the Paypal money in Bangladesh is a hard process but also there's a high risk of getting the Paypal account being froze at any time for a cheap issue.

As I have seen that many Bangladeshi Internet Marketers and Freelancers are using Moneybookers for payment processing purpose.

I have read a lots of post and replies , but i need some clear Instructions how to use Moneybookers in Bangladesh.

* How much time does Moneybookers taking to withdrawal fund to Bangladeshi local bank ? Many Bangladeshi users saying that it takes 3 to 5 days but those are old posts , I want to know the present condition ( Last 1 month )

* How much fee they are charging for the withdrawal ?
As i have seen , many people saying that at present Moneybookers sending money to Bangladesh through a German Bank and that bank is chagrin a expensive fee for the transaction , is that true ? How much fee they are charging ?

* I have a DBBL account. How to link up my DBBL account with Moneybookers account ?

Is it easy or hard to link up DBBL account ?

* Is there any other Bangladeshi bank that provide easy way to link up with Moneybookers account ?

* Which bank account you are using to link up with Moneybookers account ?

Now lets come to Payoneer MasterCard. As I have seen some Bangladeshi Internet Marketers and Freelancers are using Payoneer MasterCard for payment processing purpose.

* How you got the Payoneer MasterCard ? How much its costs you ?
* Using Payoneer MasterCard easier then Moneybookers ?
* Does all ATM booths in Bangladesh accept Payoneer MasterCard ?

Or is there any other way or alternative option for Bangladeshis ?

I think good number of Bangladeshis are hunting for answers of these questions .

Looking for answers and suggestions from experienced Bangladeshis who are dealing with Moneybookers or Payoneer.

Every answer and suggestion will be highly appreciated .

Nazbir

 

i dont know how headache u are! but u should try any other servce such as LR, MB, Alerpay etc., which is more reliable than paypal

 

Try kagi store which will work fine for any countries like yours including Pakistan

 

Well,moneybookers fee is cheap. But, you will never get wonderful experience from moneybookers. When, you first time withdrew from moneybookers, it will be ok (If you verify your address). But,after first time, you will face lots of problem. Like, they will ask you to verify your bank. Even,they can close your account without notification. Payoneer MasterCard is really expensive for maintenance. You may go to payoneer site for details fee. For your paypal cash out, you may contact onlinepaymentbd.com for Bangladesh. They are buying all currency like paypal, alertpay, lr etc.

 

The problem is if you do not have a valid bank account or valid identification process your PP account will be froze eventually. and country to country varies. Suppose: a Malaysian bank account and a uk bank account there is a lot of difference in terms of WEIGHT and relience the Uk account will carry. I have been using PP for years from london. Now i am in Dhaka. PP is the best, it gives you headache bcz it use greater security and scrutiny. yes i got limited access once saying that they got suspicion that my account been hacked and open from some other country. They asked me to go through some security process. its just quite easy ans simple. they send me some small deposits to my Lloyds TSB bank account and asked me to enter what is the exact amount PP sent stating in my bank statement. Its quite easy as i own a valid bank account i have international credit+debit card, i can check my banking online from Dhaka too. So when i put those numbers they instantly opened up my account again. you know most of traders companies prefer paypal most. even if you get fraud you even be able to file a case to claim your lost money. you know opening a simple bank account in london is a painful job for outsiders. i had to go through a lot of hardle to open this up even i had to deposit 500 pound at the time of openning. but after that is i stayed there in london for years no problem dealing with paypal or others since then. i hope this helps.

 

The best way is if you use verified Pp. then withdraw fund to your foreign bank account which paypal supports and then from that bank account just simply transfer the money to your bangladeshi bank account. you will never be able to withdraw fund from pp to bangladeshi bank account.

but again in london, when you withdraw fund to your london bank account PP will charge you nothing but it will take 3/4 days to complete the transfer. If you want to do it instantly then PP will charge you 5 pound and your money will be sent to your london bank account instantly.

Then just simply transfer the money from your london bank account to your bangladeshi bank account. but there are 2 charges: (1) foreign exchange rate and (2) transfer rate set by VISA is 3%. So again consider it total 5% charge of the total amount. And if you transfer from a designated booth using VISA card your charge will be 1.5% of the amount with a minimum transaction charge of 2 pound and maximum 4.50 pound. Again transaction is very easy just a computer click, but the fund will take maximum 12 working days to go into your bangladeshi account.

The simple way is those who want to pay online fees or want to buy product just sell the paypal credit to them (not selling them your PP by reveal the passwords) but you take direct cash from them and pay their expenses from paypal if you have pp enough fund.

those who receive online payment from foreign clients the best way is: do not involve yourself into hefty process. just take your charge (suppose 10% or 15% of his total income) by taking direct cash from him and then transfer the money from your bank account to their bangladeshi bank account. its their matter now, they will receive their money in time.

 

I have latest update about MoneyBookers. They change around $2.56 for every transactions, whether it is $10 or $1000, doesn't matter. As remittance is free in Bangladesh you won't be changed by the bank and your withdrawal amount will be converted with your local currency exactly the day's currency conversion rate. I got 72+ taka per US dollar from my last transactions. I have DBBL account too. They take 2/3 business days to deposit the amount. Verify your home address only to increase the limit to a decent amount. You don't need to verify Bank apparently. You can connect the MB to Your Bank Account by putting the swift code of DBBL, which is DBBLBDDH.

 

Yes, shanon007 is right. Add DBBL with their SWIFT code. You can also try Brac Bank account.