How to withdraw money from PayPal in Uganda
Finally there is a way you can withdraw money from PayPal in Uganda. PayPal is a widely used system for online payment. Many Ugandans are bashful of online money making opportunities because of the rigidities in payment. I remember there was a time I couldn’t work with clients who paid through PayPal. Later I discovered E-Pay but the charges were exorbitant. Finally I could accept PayPal but preferred being paid through skrill as I could withdraw straight to my bank account. My frustration with PayPal withdrawals led me on a voyage to the ultimate solution.
The rigidities of PayPal in African countries
Almost all PayPal users in African countries are not capable of withdrawing their funds. PayPal has strict monetary policies that developing countries can’t uphold. There is no any anti-money laundering legislation to mitigate PayPal from the risks of doing business. If only our leaders could focus on developing such legislation that would benefit potential Ugandan internet entrepreneurs. Enough of the boring insights. I know you are eager to know how you can actually withdraw money from PayPal in Uganda.
This is a Kenyan website which realized the need of freelancers to withdraw money from PayPal. With E-Pay, you can receive money straight to your mobile phone. I have used the system a couple of time since I am of Kenyan descent. They have an efficient customer care support which is always ready to assist you. I recently saw in their forum that they can also assist Ugandans who want to withdraw from PayPal. The advantage with using E-Pay is that you receive the money within the hour after withdrawals via mobile money. The demerit is there is a charge of 12% of the amount +$3
This is by far the most convenient way of withdrawing money from PayPal in Uganda. When I read about the Payoneer card, I just had to get one myself. I received my card last month and I only wished I had applied earlier. I had to re-order the card because of issues with the application process but that is a story for another day.
How does Payoneer work?
Payoneer is a Visa MasterCard that can be used in over 200 countries, Uganda included. The problem with PayPal withdrawals is taken care of since you can open a US virtual account courtesy of Payoneer. The MasterCard is linked to the US virtual account and you can withdraw locally from any MasterCard ATM
Benefits of using Payoneer MasterCard
Its cheap-There is no any other cheaper alternative when it comes to PayPal withdrawals compared to Payoneer MasterCard.They charge $3.15 per withdrawal which is very fair as some providers like E-Pay charge 12% of the amount.
It’s convenient – Once your card is loaded (which normally takes three working days), you can withdraw the cash in local ATMS that support visa and MasterCard. You can withdraw up to $1000 which no any other system can offer.
Competitive exchange rates– Payoneer offers the best rates when it comes to changing the $ to Ugx. The rates are always revised to keep up with the current situation in the monetary market.
Getting your Payoneer card
You don’t have to worry any more about your funds being stuck with PayPal. It takes just a month to receive the card after you have ordered. The good news it is free. Even better, you get a $25 bonus when you sign up through my link. Sign up with Payoneer here.It is a win-win situation for both of us. Payoneer MasterCard offers an opportunity for Ugandans to get paid online with ease and convenience. Apply for your card today. Meanwhile, I can help you withdraw from PayPal as you await your card. Just contact me through firstname.lastname@example.org and I would readily help you. Cheers!