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Tag - Paypal

PayPal Android App is Now Available for Sri Lanka

March 21, 2016
Sandun Mendis
Apps
1 Comment
2 min read

Introduction

For those who don’t know what is PayPal; It is a place where you can add multiple credit/debit cards, banks, and other money transaction methods in one place. It is most secured and easiest way to do online money transactions. Most people those who do online transactions and who has an eBay account are more likely to have a PayPal account. The web access to PayPal was granted some years ago but for Sri Lankans, Android App wasn’t available to download until recently.

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Why PayPal?

There are many advantages having a PayPal account. Most of all, major online companies such as eBay, Amazon, etc prefers to do transaction through PayPal account. It is secure and fast. One place to manage your all online transaction accounts.

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What Are the Benefits?

Let’s see some advantages that PayPal offers.

  1. TAP INTO YOUR MONEY

    • Send money to almost anywhere in the world in just seconds.

    • Manage all the ways you send, receive, and spend money at a glance.

  1. SEND MONEY IN SECONDS

    • Send money to PayPal users in over 100 countries using just their email address or mobile number.

  1. GET PAID WITH EASE

    • Send a request for money that allows people to pay you back with just a tap. Whether you’re collecting money for a group gift or something you sold online, we make it easy for them and even easier for you.

  1. STAY ON TOP OF IT ALL

    • Whenever you send, receive, and spend money with PayPal, the app sends an instant notification to help you keep track of it all. Whether you use PayPal Credit, your balance, your bank, or your debit and credit cards to pay with PayPal – you can find everything and anything you need to simply manage it all in this secure app.

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Where Can I Get It?

Yes! Long waited app is finally here!

Here is the link to quick Android download: https://play.google.com/store/apps/details?id=com.paypal.android.p2pmobile

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CB Governor: PayPal soon to be available for inward payments

June 5, 2013
LEE
News
3 Comments
2 min read

Central Bank Governor Nivard Cabraal said Sri Lankan bank accounts can receive inward payments from PayPal® very soon. He also mentioned that the Central Bank is considering relaxing some of the exchange controls which does not serve effectively in the new technology age.

PayPal is a cost efficient way of handling payments through internet. It supports all major credit cards and can be used effectively as an alternative to a high costly payment gateway account setup with a bank. Because of its cost efficient commissioning options, PayPal is attracted specially by the small scale internet business which can range from a small cake delivery business to a large e-commerce sites like eBay. Also, PayPal hides and manages some of the multiple credit/debit card management and bank account management from the users making it easier and secure as well.

Paypal graphic

As a country with emerging IT market, it is expected to have a positive impact in the long term because of this relaxation. A freelancer can now get their payments at the lowest commission overhead. Many small businesses can start their online selling at a lower operational cost. Other developing countries have gained significantly in their e-commerce based internet presence with PayPal.

With the feedback that we’ve got so far, critics hope these decisions will be effective sooner rather than later.  “It’s already late!”

(Photo Credits: http://www.businesstoday.lk , http://www.businessdirect.bt.com)