What Is PayPal?

• PayPal is a digital wallet and online payment service that allows users to send, receive, and store money securely. It supports personal transactions and business transactions, making it a popular choice for individuals and businesses alike.

 

PayPal and Sri Lanka: 2025 Update

In 2025, PayPal remains accessible to Sri Lankan users for sending money, online purchases, and connecting with international clients. However, as of this year

• Receiving funds directly to a Sri Lankan PayPal account is not officially supported.
• Many Sri Lankan users link PayPal to international accounts or use alternative payment gateways for withdrawal options.
• PayPal is continuously exploring expansions, so stay updated for changes.
• Step-by-Step Guide to Create a PayPal Account in 2025

Step 1: Visit the PayPal Website

• Open a web browser and go to www.paypal.com.
• Ensure the URL is correct to avoid phishing scams.

Step 2: Choose the Account Type

• Click on the “Sign Up” button.

Select the type of account you want

• Personal Account: Ideal for online shopping or receiving small payments.
• Business Account: Designed for businesses and freelancers handling larger transactions.

Step 3: Provide Your Information

Enter your details

• Email Address: Use a valid email address that you frequently access.
• Password: Create a strong password for security.
• Full Name: Enter your name as it appears on your identification documents.
• Address: Include your address in Sri Lanka.

Step 4: Verify Your Email

• PayPal will send a confirmation email to the address you provided.
• Open your email, find the message, and click on the verification link.

Step 5: Link a Bank Account or Card

To activate your account, link it to a payment method

• Debit or Credit Card: Add your Visa or MasterCard details.
• Bank Account: (For international users) Link your local or foreign bank account to withdraw or transfer funds.

Step 6: Secure Your Account

• Set up Two-Factor Authentication (2FA) for enhanced security.
• Add security questions for account recovery.

How to Use PayPal in Sri Lanka

While Sri Lankans face limitations with receiving funds directly, here’s how you can make the most of PayPal

• Send Payments: Pay for goods or services globally.
• Shop Online: Use PayPal to shop on websites like eBay, Amazon, or any other platform accepting PayPal.

Freelance Payments: Use PayPal to receive payments through platforms like Fiverr or Upwork (by linking an international account).

Alternative Solutions for Receiving Payments

Since direct PayPal withdrawals are unavailable in Sri Lanka, consider these options

Link to a Foreign Bank Account: If you have access to a bank account in a PayPal-supported country, link it to your account.

Use Payoneer: Many freelancers in Sri Lanka use Payoneer as an alternative for receiving payments.