Master Card and PayPal account in Nepal
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| Cards |
Nepal Rastra Bank doesn't allows direct transaction between Nepal and foreign country . Some of the bank has transaction between Indian and Nepal but most of the Bank doesn't . So there is difficult in international transaction in Nepal. In this case Master Card can play vital role in international transition in Nepal.
What is Master Card?
A MasterCard card is any electronic payment card that uses the MasterCard network for processing transaction communications. These cards are typically branded with a MasterCard logo. They can be credit, debit, or prepaid cards.
How to create Master Card from Nepal?
You can easily create Master Card from Nepal. Different banks of Nepal has sponsored for Master Card . So you can also visit your bank to get your Master Card .
Which bank provides MasterCard in Nepal?
1. Himalayan Bank Ltd.
MasterCard are international brand in card business. These brands have wide range of acceptance worldwide. Himalayan Bank is the principle member bank to Nepal for both Visa and MasterCard.Master debit card issued by HBL is accepted in Nepal and India.
3. NIBL Bank.
Nepal Investment Bank Ltd. (NIBL), in partnership with Mastercard, has these debit cards provide seamless, safe and secure domestic .
4. Civil Bank.
Civil Bank is also one of the principle member bank to Nepal for both Visa and MasterCard. MasterCard issued by Civil Bank is accepted in Nepal and India.
What are the uses of MasterCard in Nepal ?
MasterCard is one of the safe payment system . So various online company pays the salary in MasterCard. In Nepal MasterCard is only the international transition. MasterCard is Accepted in almost every country so it is very useful. You can also pay electric bill, shopping, charges, internet bills, salary directly from the MasterCard.
What is Payoneer?
Payoneer is a financial services company that provides online money transfer, digital payment system and provides customers with working capitals.
How to get payonner MasterCard in Nepal?
You can get free Payoneer Master Card in Nepal. Getting a credit card in Nepal is not easy. There are many rules in which dictates the qualifications for a person to be approved and given a credit card. Moreover, if someone wants to get an international credit card in Nepal, then it is pretty much close to impossible. There are banks that offer international dollar travel cards if you are traveling to somewhere with a Visa.
You can also sign up tp payoneer , summit the password (document) and wait till the card shipped to your address . You can check it in the online.
What is Payoneer MasterCard and why is it so useful?
Payoneer Prepaid Master Card is the best payout solution for the online workers. Payoneer offers us a better way for to receive and access our money. If you are online worker or freelancer then it is very useful . Some of the advantages of Payoneer Prepaid Master Card are as following:
- You shouldn't need any Bank account.
- It is accepted in more than 200 countries.
- It is safest mode of money transactions .
- It is fast and reliable.
- Use it in online , stores or at the local ATM near you.
- There are third party so you should charge some of them.
- Vulnerability to cybercriminals.
- Technicals Problems.
- In some case your account may block cause you loss of the balance.
What is PayPal ?
PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account. It is widely used for online payment and transaction. If you are a freelancer than you must need your Paypal account .
What is present condition of PayPal in Nepal?
PayPal account is one of the largest and the easiest online payment system in the world . But you cannot create PayPal account from the country like Nepal. So you can get the alternate way of payment. If you opened the PayPal account in Nepal , you only can buy online but you cannot receive money. So you must have US/UK verified bank account or you can also use your friends or relatives PayPal account if they have.
What are the online payment system widely used in Nepal in present conditions?
Since PayPal is not working in Nepal so there are many alternatives for online payment but they are only national payment system. This system doesn't allows international transaction .
Some of the Online payment System of Nepal are:-
Khalti :-
It is the one of the widely used online system in Nepal. You can use Khalti for online payment, online shopping , Mobile recharge, bill payment, Digital marketing and many more..
E-Sewa:-
E-Sewa is also another online Payment methods in Nepal. It is widely used in Nepal for online transaction . It is a digital payment gateway through which one can pay the bills. You can do transfer money , online shopping, Internet recharge , marketing and many others.
IME pay:-
IME pay is a digital wallet for online payment services in Nepal . It is used in top -up , online payment , transition , online shopping , Internet bill payment and many more . It is faster , easier and safer mean of online payment.
DIsadvantage of online payment:-
As we know Thera are many useful point of using online payment system as they are safe and faster but there are many drawbacks of online payment system .
Here are some of the disadvantages of online payment system;-
Conclusion
Online payment allows your customers to make cashless payments for goods and services through cards, mobile phones or the internet. It presents a number of advantages, including cost and time savings, increased sales and reduced transaction costs. If you work online or in freelance than you must choose one of the online payment system for easy and safe transition.
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