Certainly, PayPal stands out as a top choice for worldwide money transfers. But due to legal restrictions in Bangladesh, we need to explore other options.

These substitute payment systems offer some key benefits, including referral programs. They make international transactions easy for your friends, being both convenient and cost-effective. You can rely on them without a doubt.

  1. Payoneer
  2. Neteller
  3. Skrill
  4. Xoom
  5. TransferWise
  6. Payza
  7. iPay Bangladesh
  8. QuickBooks
  9. Stripe
  10. 2Checkout

Here are some of the Best Alternatives to PayPal in Bangladesh:

1. Payoneer

Payoneer is a payment gateway that lets you send and receive money without a merchant account. It is a popular choice for freelancers and international businesses. Payoneer offers a MasterCard that is accepted worldwide. You can use Payoneer to shop online and withdraw cash from ATMs.

2. Neteller

Neteller is a good choice for sending money to and from merchants, including social media companies and forex trading companies. It is available in Bangladesh and is trusted by millions of people. Neteller offers a Net+ card that you can use to withdraw cash immediately or transfer money to your bank account. Neteller also offers a number of tools for businesses, such as rewards programs and other benefits.

3. Skrill

Skrill is another popular payment gateway and a good alternative to PayPal. It is available in Bangladesh and is a popular merchant payment provider. Skrill offers a prepaid MasterCard that you can use in hundreds of thousands of stores around the world. Skrill is regulated by the Financial Conduct Authority, so you can be sure that your money is safe.

4. Xoom

Xoom is a fast and easy way to send and receive international money transfers in Bangladesh. It is a subsidiary of PayPal and offers many of the same services. Xoom offers cash pickups, international bank account transfers, international bill payments, mobile airtime top-ups, and more. Xoom does not offer services for corporate customers, but you can get this service through PayPal.

5. TransferWise

TransferWise is a convenient way to make international payments. It is quick, reliable, and affordable. TransferWise always offers you the real exchange rate when you convert currencies. You do not have to convert your currency to send money with TransferWise. You can download the TransferWise app on your smartphone and use it to make online transfers. There are no hidden fees when using the TransferWise app.

6. Payza

Payza is an international payment method that is available in Bangladesh. It lets you send and receive money internationally and exchange 25 currencies, including Bangladeshi Taka. Payza is available in over 190 countries around the world. You can fund your Payza account with bKash and withdraw funds from a local bank in local currency. Payza also lets you make online purchases.

7. iPay Bangladesh

iPay is a digital wallet that is available in Bangladesh. It is a safe transaction system that you can use for everyday transactions. You can use iPay on your Android/iOS device or PC. iPay lets you exchange money with other iPay users, pay utility bills and make online purchases. You can easily link your iPay account to your bank account and transfer money between them.

8. QuickBooks

QuickBooks is an online accounting system that is available in Bangladesh. It is a comprehensive accounting app that includes features for financial management, sales tracking, and reportingQuickBooks makes it easy for small businesses to keep track of their finances.
9. Stripe

Stripe is a payment gateway that is popular with online businesses. It is only available in Canada and the US, but you can receive payments from anywhere in the world. Stripe charges a fee of 2.9% + $0.30 per transaction. Stripe's checkout process takes place on the merchant's website, rather than sending customers to an external website like PayPal. Stripe also lets you deposit money into your bank account.

10. 2Checkout

2Checkout is a well-known payment gateway and a good alternative to PayPal. It is integrated with all major WordPress e-commerce plugins. You can add 2Checkout to any online store and start selling to places where PayPal is not available. 2Checkout offers a variety of payment withdrawal options, and you can even use your Payoneer debit card to withdraw funds.

I hope this helps!

In conclusion, while PayPal is widely recognized as an excellent global payment gateway, it's not accessible in every part of the world, including Bangladesh. Fortunately, there are numerous alternative online payment gateways that offer similar features at more affordable rates. You can certainly depend on the gateways we've mentioned in this list.