How to open a New PayPal Guyana account 

Opening a PayPal Guyana account is fast and easy if you are familiar with PayPal and its features. If you are new to PayPal and want to start making online payments or receiving money, this information is for you.

And if you are already using PayPal in Guyana, you will notice that you cannot receive payments. You should skip to the later part of this article for a PayPal alternative.

PayPal overview

With a PayPal personal or business account, you can send or receive money. You can complete your transactions without sharing your personal or business banking information. As such, your banking information for a Republic Bank account or any of the Top-class Banks in Guyana will remain safe.

This PayPal system is truly a great option when you do not want to share your credit or debit card numbers with the merchant. Using a US PayPal account, a person can link a bank account to their PayPal account.

Merchants on Amazon and other ecommerce platforms are able to send and receive payments online using only their merchant mobile number or email address. There is also a PayPal mobile app to use as a digital wallet. The app allows you to manage, send, and receive your money online easily and safely.

Also, PayPal offers a Business Debit Mastercard, but it is only accessible to customers in some countries. Plus, you can earn cashback on eligible purchases.

When you create a PayPal business account, you should be able to accept credit or debit cards. Bank transfers and mobile payments should also be possible.

You can also do the following with PayPal Payments Pro, the advanced version of PayPal:

Add a customizable shopping cart to your checkout pages.

Produce invoices online and manage them.

Accept credit card payments over the phone.

Send and receive payments in 26 different currencies from over 200 markets.

» Learn how to open a bank account in Guyana.

How to start a PayPal account in Guyana, 2023? 

To begin creating your PayPal account, go to the PayPal Sign-up page as follows:

Or, in the top right-hand corner of the PayPal page, click on the Sign-Up button to register a PayPal account.

On the next page, choose between a personal and business account. If you select the “personal account” option, you can upgrade from the dashboard to a PayPal business account later. For businesses, we recommend starting with a business account from the beginning. A business account will include additional features.

» Learn How to Register a Business in Guyana.

» Learn Register a Company in Guyana.

On the following page, you will have to fill in a form. At this time, you will enter your legal name, email address, and password of eight or more digits.

Click on the “I agree and create an account” button.

Your PayPal account is operational, but there are still a few steps you need to follow.

Here are two of the most important steps:

1. Verify your account.

First, you will have to verify your email address. PayPal will send a verification email to the email address you provided to confirm your account. 

2. Link a bank card to PayPal

You cannot currently link your PayPal account to your checking or savings bank account. You can only connect a bank card in 2024.

To link a GBTI or Republic Bank debit card to your new PayPal account, you must first have a bank account. Make sure the bank issues you with a credit or debit card. Some of the top banks in the country are:

• Scotia Bank
• GBTI Bank,
• Republic Bank (card is locked; request to be unlocked)
• Citizen Bank

You will need to enter the 16 digits on the front of your credit card or debit card. Also on the back of the card is a 3-digit security number. You will have to uncover it if you have not done so yet.

PayPal will then deduct about US $1 from your account as part of the verification process. This process will take about 2-3 days. 

To prove ownership of the card you enter, you need the 4-digit transaction code to verify the account. Check your bank statement online from your bank statement or visit the bank to request the code. Next, enter the code, and PayPal will verify your card.

You can now start sending money using PayPal in your web browser or mobile app.

Note:   

When you open a PayPal account in Guyana, it is a limited PayPal account. You will NOT be able to receive payments. Guyana, however, is not banned from PayPal like Ghana, so you do not have a country issue.

Not being able to receive PayPal payments in Guyana is a big problem for small businesses and freelancers. But do not worry; we have an alternative method to “PayPal for receiving payments online.”

What is the best alternative to a PayPal Guyana account not receiving payment?

Wise (Transfer wise) and Payoneer are the two best alternatives to PayPal Guyana’s inability to receive payment. These are the best alternatives to Guyana PayPal. Right now, PayApp is not the solution to PayPal in GY.

These two options are the game changers in Guyana for freelancers and businesses wanting to receive payment. Both Wise and Payoneer are secure, fast, and easy ways of accepting payments online. Payoneer and Wise basically create a US bank account for you at no cost. You have the option of creating a personal or business account.

Therefore, if you want to offer your services online, sell in an e-commerce store, or on the Facebook marketplace, you will need a reliable payment processor. PayPal is a good option, but PayPal does not allow receiving payments in some countries, such as Guyana.

Sadly, PayPal in Guyana is among the countries that cannot receive payment. We, therefore, recommend Wise or Payoneer as the alternatives to PayPal accounts in Guyana for sending and receiving money online. 

But there are a few things to consider when choosing one of these payment solutions.

We’ll have a quick comparison to help you decide which one is best for you.

Wise vs. Payoneer: Our comparison

These PayPal alternatives are excellent money transfer services used by freelancers and online businesses in the USA and internationally.

Wise (Transfer Wise)

Wise.com is a popular payment system for person-to-person transfers and online business transactions. 

Account signup is fast and easy. The signup process can be from the United Kingdom, Canada, North America, Europe, Guyana, and other countries. 

Upon signup, you will now have a US bank account. You can link your PayPal account to your local bank account. You will be able to transfer money between bank accounts and other bank accounts abroad. With a Wise account, you will get an interbank exchange rate that will cost far less than the average bank.

Just note the legal requirements after signing up. You will have to upload some legal documents. After the accounts are fully verified, you are on your way to sending and receiving payments online. 

Payoneer

Payoneer is also an excellent payment system used by freelancers and online businesses. Signup is easy, and you can complete it from anywhere. 

You can also choose a personal or business account. 

We recommend setting up a business account. This recommendation is because an individual Payoneer account does not allow you to make international payments to anyone.

You will want to be able to collect payments from other businesses or freelancers. These funds collected will then be transferred to your bank accounts. Generally, moving money to your domestic bank account is easy. A 1% fee is payable for transactions at the foreign exchange rates. 

Payoneer also has a MasterCard available, but it depends on your location. Currently, the card is not available in Guyana, but plans are to make it available in the future.

Sum up of Wise and Payoneer account in Guyana

Both of these platforms are great alternatives to PayPal in Guyana. Being able to complete online transactions in Guyana is of importance. These services can also assist us with payments, accounts, and cash inflow.

Here are some of the main similarities between these two PayPal alternatives. 

Payoneer and Wise similarities:

• Free US bank accounts are created.
• They have an easy-to-use interface.
• Use them to sell through social media.
• Easy to integrate.
• Cash withdrawal from the local bank account.
• Mobile phone payments app.
• Fully-featured POS system.
• Invoicing and subscription management.
• Automated payment reminders.
• Designed for small business owners.
• API solutions

There are also some differences to consider as well. There is a difference worth noting based on your money transfer intentions. 

While Payoneer does not allow business-to-person transfers, Transfer Wise offers business-person and business-to-business transfers.

So which one of these PayPal alternatives will you choose to get the best results; Wise or Payoneer?

Leave a comment if you that think we have missed any important details.

Also read: Making money online

FAQs  

Why is PayPal Guyana not allowing me to accept money?

One of the main reasons PayPal will not allow you to receive payment is that PayPal does not allow payments in your country. Your account must be in one of the countries on the PayPal accepted list. 

Due to the complexities of global finance, citizens in certain countries and regions could only use PayPal to send payments and not cash. According to PayPal, they are constantly working to improve their services for their customers. PayPal hopes to expand its services to receive payments in the future. 

Check the link to view the countries with PayPal send-only account capabilities. 

Another common reason for PayPal not allowing users to accept money or payment is an unverified email address. The email address associated with the PayPal accounts has to be confirmed first before receiving payment. PayPal will use this address to send you account updates and user account activities such as withdrawals and payments.

Does PayPal work in Guyana?

Yes, PayPal is available to individuals and businesses in Guyana. It allows you to link and confirm your credit card, but all transactions are outgoing rather than incoming. You will be able to spend your money, but you will not be able to receive it into your PayPal account. PayPal only allows account users in Guyana to add a card to make payments to merchants or send money. 

What is the zip code information for the Guyana PayPal account sign-up? 

Guyana’s zip code is your country code (3 digits), followed by your region (2 digits). So, if you live in region 4 (04) of Guyana (592), your Zip code is 59204. 

How do I set up PayPal in Guyana? 

To set up PayPal in Guyana, follow our 2022 PayPal step-by-step guide.

Does Guyana use PayPal? 

Yes, small businesses and freelancers are using PayPal business accounts in Guyana. A personal PayPal account in Guyana is to do online shopping and send money.