Lanka Gossip Site: August 2012

What is PayPal?

PayPal is the most popular money transferring service used online. Although it is a service provided by a private company, it is considered the de facto standard of online money transfers. PayPal is very useful for internet users to pay online for the goods and services they purchase through internet, and get paid for goods and service they sell online. Although it is necessary to sign up for a PayPal account in order to receive money through PayPal, one doesn’t need a PayPal account to make payments to someone’s’ PayPal accounts. You can use your credit or debit card to make payments to anyone’s PayPal account. This makes PayPal the premier money transfer service.

Problem

Sri Lankans can send money to any PayPal user, but Sri Lankans can’t receive money from anyone through PayPal. So clients deny offers from Sri Lankan freelancers who require them to use complex money transfer methods and hire people from countries that support PayPal. There are many individuals and small businesses that provide online services like web design and development, graphic designing and more in Sri Lanka. But Sri Lanka not supporting PayPal has become a barrier for them to continue and progress in their career, who try to bring money into Sri Lanka. One method that they currently use is making PayPal accounts using fake addresses in other countries. But this can cause them to lose their hard earned money.

Cause