Online payment gateway transaction limit increased for exporters  | The Business Standard
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SATURDAY, JUNE 14, 2025
Online payment gateway transaction limit increased for exporters 

Economy

TBS Report
12 September, 2019, 09:45 pm
Last modified: 12 September, 2019, 09:47 pm

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Online payment gateway transaction limit increased for exporters 

It will enable exporters to benefit more from online payment gateway service providers

TBS Report
12 September, 2019, 09:45 pm
Last modified: 12 September, 2019, 09:47 pm
Online payment gateway transaction limit increased for exporters 

Bangladesh Bank has eased the transaction limit set for online payment gateways for service exporters to $10,000 per transaction, from the existing $5000. 

It will enable exporters to benefit more from online payment gateway service providers such as PayPal, said a Bangladesh Bank circular on Thursday.

However, other guidelines for online payment gateway service providers remain the same. 

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"This is good news. But the limit should be eased further because many Bangladeshi freelancers are now earning a lot," said Mahfuzur Rahman, general secretary of the Bangladesh Freelancer Development Society.

Bangladesh Bank has increased this limit for services such as data entry or data processing, off-shore IT services, and business process outsourcing.

Online payment gateways have emerged as a popular mode of e-commerce transaction. The central bank's decision will enable service exporters to receive overseas payments through online platforms such as Paypal, Money Bookers, Best Payment Gateway and Virtual Pay.
 

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