Updated: 18 February 2016
Paypal is the most widely used payment system on the Internet. Unfortunately, Paypal does not support Pakistan but now it is possible to accept paypal payments via third party payment solutions. This means that talented Pakistani freelancers are no longer restricted in working online because of the unavailability of Paypal. There are two payment solutions that allow you to accept paypal in exchange for goods and services:
2checkout: 2checkout (2CO) is a long standing and respectable payment solution. Lots of websites on the Internet use it including some Pakistani sites. Using 2CO you can accept payments via Paypal or credit cards. 2CO in turn pays merchants periodically by check or wire transfer.
Signing up is easy. Just go to the 2CO website, click on the “Get Started” button and complete the application form. Signing up for 2CO is completely free!
SWREG: SWREG is a company that specializes in ecommerce payment solutions for software developers. The company has been around since the late 80s and originally started off as a service for shareware authors. Using SWREG you can accept credit card payments and Paypal for your software sales. There are two different payment plans with varying commission rates and no signup fee.
SWREG can host software on your behalf and automatically provide customers with a unique time-limited download link after payment has been made. This makes the entire order fulfilment process automatic!
One major restriction is that you are required to configure a key generation list/URL ( for shareware ) or software download with SWREG before you can use their services. So SWREG cannot be used to sell other services or tangible goods.
It’s not a good idea to put all your eggs in one basket. If you are serious about doing business online, you will divide your payment processing among multiple companies like 2CO and SWREG. So it’s a good idea to open an account at both companies for maximum redundancy.
Finally, both 2CO and SWREG charge a commission on each transaction conducted through them. Be sure to go through their fee schedules before you use their services.