It’s very weird that paypal is not allowed in Bangladesh. I have to pay a good amount transfer fee if I want to send money through western union or whatever. The thing is that I prefer to send money through paypal because in that way my identity remains secured. I heard that you can send money through paypal to India even though the service is not that good. However, Indians at least have a way of receiving money through paypal. People in Bangladesh do not have that option. I have been looking for a good but cheap money transferring service in Bangladesh for a long time. It is becoming very important now because I want to hire a few people for a business that I am going to launch on this December. I want to outsource to keep my running costs low. I figured that by taking this approach I would be able to provide my customers with low cost products but also fast customer service and production rate.

There are two reasons why I am considering Bangladesh. My first choice is that I know a lot of people in Bangladesh. Also, Indian currency exchange rate is higher than that of Bangladesh. Therefore, Bangladesh makes a better platform than India. However, when I start hiring, which is very soon, I would considering applicants from both India and Bangladesh. The good thing about India is that paypal is allowed there.

However, recently I found a website, which transfers money at a VERY low cost of $2.99 to Bangladesh. The website is Xoom. The best part of this service is that they offer paypal receipts. Therefore, I am strongly considering xoom.com at this point. I will have to keep my eyes and years open because I still have around four months before my business is launched.