Just a blog about me. A box of chocolates blog - you never know what you are going to get.
Monday, August 13, 2012
Reasons Why Paypal is Not Authorized in Pakistan
Reasons Why Paypal is Not Authorized in Pakistan
It has been plaguing the minds of many to know that Paypal is simply not authorized in certain countries. Pakistan is one country where Paypal is not authorized, along with a few other countries around the world. There are a few reasons as to why this is so. First of all, Paypal, which is a US company, does not give an exact reason why this is so, but one can only speculate. Paypal engages in business practices with countries where there is a business alliance or agreement that has been previously reached. Certain countries, one being Pakistan, have not proceeded with a business agreement with US based Paypal and therefore, does not work with them on a one on one basis. The business alliances that have not been allotted with countries like Pakistan deal with trade issues and other financial reasoning’s. The reality is that countries like Pakistan are not any different from countries that Paypal authorizes in their technological concepts per se, but the fact is that the foreign policies are different, and Paypal has not made an agreement with them as of yet. Other countries that do not authorize Paypal include Bangladesh, Nigeria, Iran and Nepal.
Another reason that Paypal is not authorized in certain countries like Pakistan is that Pakistan and other specific countries either do not have a high enough return on the investment that Paypal is looking to acquire and/or the countries do not provide a safe enough service guarantee that Paypal finds adequate. Lastly, Paypal is looking to work with countries that have an inexpensive start-up potential and some of these countries like Pakistan have simply a much too expensive start-up capital for Paypal, and they simply don’t find working with these specific countries a financially sound decision.
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