A good offshore banking site? (USA bank account + ATM card) for paypal.

I've been with accentbanking.com for a year now. I mainly use their service to withdraw money from paypal. They were working together with Tomato Bank before and now they are working with Compass Bank. They take 5% from every withdrawal, which is pretty outrageous because I withdraw about $5000 per month. They have excellent customer service.

If anyone knows any other and better sites like accent banking, please let me know.

I'm in Europe.

 

You can use Payoneer virtual US bank, their fees is $99/year & the loading fees is also reasonably low (at least less than 5%). However they are still in Beta phase & at present they offered trial a/c to only selected payoneer card holders.

Go through the following link for more detail,

Payoneer Virtual US Bank

 

This might be a dumb question, but why can't PayPal deposit funds directly into your regular business bank in Europe? PayPal is very popular and so it seems odd you'd have to have a middle-man bank that charges you anything to get money out of PayPal efficiently.

 

Paypal only allows me to withdraw money to US banks for some reason.

Will look into it.

 

When payoneer will be available for everyone ?

 

For what reason? That's absolutely bizarre. They do business with people in every country in Europe, as far as I'm aware (except possibly Romania?). I don't know of anyone else in Europe who has this problem.

 

It's true . You need to either a visa card or a usa bank account to withdraw money .

 

Yep, a year ago I could only send money with my paypal, not receive, but they took that limit off.

Withdrawing to a visa sucks as well... It takes a lot of time and it's complicated.

 

It takes around one week to withdraw to visa for me . And for small amounts it really sucks since you have to pay $5 to withdraw.

 

Very bizarre , what country are you in ?

 

It's not bizarre, it's very common...

https://www.paypal.com/worldwide/

My country belongs to this group:

Send. Receive. Withdraw to a U.S. Bank Account or a card.

Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account. In addition, withdraw to a credit, debit, or prepaid card in countries marked with a ().

Code (markup):

 

Along with numerous advantages offshore bank accounts have, there are some points that make their usage quite inconvenient:

1. Despite the fact that many reputable offshore financial institutions (such as HSBC, LLoyds TSB, Barclays and many others) claim that "offshore bank accounts are for everybody", this is not true. They place minimum annual income restriction that is usually placed to open offshore bank account is that a person must have annual income of $20,000;

2. Secondly, offshore banks require their customers to keep certain minimum balance on their offshore account. Usually something like 5000 euros or $10,000. Quite painful, isn't it?

3. Offshore bank accounts tend to have high fees.