Paypal Now Allow Withdrawals to Blocked Countries

One small step for Paypal, one giant step for Internet Marketers. Find out how one simple change in paypal’s policy changes the lives of thousands of people from all over the world.

That’s right, you read it correctly. You can finally make withdrawal from paypal if your countries were previously blocked by paypal.

Though my country (Singapore) is not in the list of paypal’s blocked countries, I do have friends who stay in those countries. I can understand the frustration and the amount of time and effort that they go about in getting around the problem. In fact, you can do a simple search in google to see the various kinds of solutions that people adopt to get around the problem.

List of countries unblocked includes
Argentina, Brazil, Bulgaria, Chile, Cyprus, Estonia, Gibraltar, Iceland, Indonesia, India, Israel, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malaysia, Malta, Philippines, Romania, San Marino, Slovakia, Slovenia, Turkey, UAE, and Uruguay which amounts to a total of 26 countries.

You can read the paypal official blog for more details
http://www.thepaypalblog.com/weblog/2007/09/paypal-introduc.html

How to do the withdrawal?
Because this is still rather new, there are alot of people who are unsure on how to withdraw their money
Here’s a special report that teaches you how to withdraw the money.

Unfortunately, as for those remaining blocked countries…,
such as Nigeria. Hopefully, paypal will unblock the rest of the countries as time goes by.
As for why it remains block, it could be due to their high fraud rate from that particular country…

Meanwhile, read this article if you need to open a US bank account (for PayPal) but not sure how to go about it.

http://ezinearticles.com/?US-Bank-Accounts-for-Non-Residents&id=540694

Why does this news matter to you?

This is great news for everybody even for those countries whom are not block by paypal

Here’s why…
- Markets are opening up
- More payment transaction are going to take place
- Life will be getting a whole lot better due to increase sales transactions.

It’s great to see that paypal is opening up to more market and making itself to be more accessible to people considering that it is one of most popular payment processor worldwide.

If the latest paypal changes has make a difference in your life, leave a comment in the blog below.