There is talk that PayPal is coming to Maldives...At this time only we can send money using PayPal but can't receive money nor link PayPal to a local bank account...
What I have to say is that these payment gateways charges lot's of money as processing fees...I read this many years ago...
Year 2018 was an important year of my life. I registered my own business as a sole trader in the Economic ministry of Maldives and also wrote my first ever book...I tried to open a bank account in a US bank but was rejected by IRS.
So it was very difficult to open a bank account remotely without visiting any country...So as a solution I used Google search and researched the internet and found Payoneer and Wise (formerly TransferWise)...Many years has gone since I have opened these virtual bank accounts (not a real bank account) in Payoneer and Wise in different currencies...I have registered and started my own business but doesn't have the capital to deal with foreign businesses.
In early 2019 I paid Google Ads to advertise my self published book in Amazon KDP but was cheated by Amazon and I till this date hadn't received any payments as royalties...
I have planned to export tuna to foreign countries but don't have enough money to do it...
These screenshots show the virtual bank accounts I have in my name in different currencies.
Allah Akbar...Allah is great...
