How to use a PayPal account in Saudi Arabia?

How to use a PayPal account 2022. PayPal is a popular method of making online payments in several countries, including Saudi Arabia. PayPal allows both the vendor and the customer to easily exchange payments.

PayPal is actually an emerging new trend. For your convenience, we will guide you in every aspect of using PayPal in Saudi Arabia.

What is PayPal?

PayPal is a safe and secure way to send and receive money over the internet. PayPal services are available to both vendors and customers. Making a PayPal account allows you to exchange money. Unfortunately, unlike in Europe, where all websites accept PayPal payments, PayPal is not commonly utilized in Saudi Arabia.

Customers who wish to make payments to a retailer are not responsible for sharing their confidential financial information. This is made possible due to the availability of prepaid balance for PayPal. This balance comes from the linked bank account or credit card. Yes, you can link a credit card issued by a Saudi bank to a PayPal account.

PayPal allows merchants and customers to enjoy its services all over the world including Saudi Arabia. Both require PayPal accounts, but merchants will be required to open a business account while customers sign up for an individual account.

Create a Saudi PayPal account

People in Saudi Arabia can create an account by visiting the PayPal website.

www.paypal.com

All you have to do is open an account here and enjoy the PayPal services.

Activate a PayPal account

The next step is to verify your PayPal account. We have explained the procedure in detail to verify a PayPal account in Saudi Arabia. Either by Visa or MasterCard or a Saudi bank account

What is the procedure for transferring funds from a bank account to a PayPal account?

One can transfer money from their bank account to PayPal account, however, Saudi Arabia nationals have to wait for the feature to be introduced here. A round of discussions is taking place between PayPal and Saudi banks.

Transferring funds from a bank account to a PayPal account is known as “instant follow-up”. Hereby, PayPal accounts get a cash balance in a person’s bank account.

One can arrive with the amount of money that he desires for the purpose of shopping. Great, right, consumers can top up their PayPal account from their bank accounts.

So we can hope that the negotiations between the banks in Saudi Arabia and PayPal will work out once this starts, it will benefit a lot of us!

Transfer money from a PayPal account to a bank account

Merchants can make use of this service. When a PayPal account company begins selling and receiving online, the money in the PayPal account can be transferred to their bank accounts.

Funds can also be transferred from a PayPal account to a Visa card. However, PayPal account funds cannot be transferred to banks in Saudi Arabia, they are working on it, but no statements have been released.

So wait and hope for the best! At the moment, transfers can be made to all banks of the USA, at Cairo Amman Bank (Jordan) or at Commercial Bank (Morocco).