Yes, You can upgrade PayPal premium account for Magento store. Please have a look on it for more info: www.magentocommerce.com/knowledge-base/entry/setting-up-paypal-payments-standard-for-magento-community
but I upgraded my paypal and complete the inttigration, but the problem it shows that "residant of australia can not ship product to bangladesh". this shows when I select 'Bangladesh' as shipping country, if I select Australia as shipping country then its ok, as my Paypal account is australian. But in the "billing address" I can select any country as I wish. but in the 'shipping' I can only select the country where PayPal is created. Otherwise payment will not successful. thanks
I dont see how paypal can control where you can ship and cannot ship. Have you checked your Magento config for shipping settings?
Yes you are right i was also thinking about this, but I have checked my shipping its set to Global. I don't know why its happens ?