More than 1 bank account in other country with Paypal possible ?

Discussion in 'PayPal' started by digi1, Feb 22, 2008.

  1. #1
    I live in the Netherlands where paypal is available , can I only use a bank
    account in the Netherlands to withhdraw or have a bank account in an another country as the only one or as additional one ?
     
    digi1, Feb 22, 2008 IP
  2. eddy2099

    eddy2099 Peon

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    #2
    Well, you can only add a Netherlands bank account since you basically cannot change the country for the bank account you add. However, the only exception is if the other bank account is a US based bank account.

    This whole thing is to prevent fraud and money laundering activities.
     
    eddy2099, Feb 22, 2008 IP
  3. Smith_here

    Smith_here Banned

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    #3
    Can add bank from NL and US Only
     
    Smith_here, Feb 22, 2008 IP
  4. SubmitShop

    SubmitShop Banned

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    #4
    I have studied by my Paypal account and found that bank account can only be in USA
     
    SubmitShop, Feb 23, 2008 IP
  5. digi1

    digi1 Peon

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    #5
    So, only a bank account in the country of residence AND an extra account in the USA..

    What if I sign up with a company, can the company account be in another country than where the company is incorporated ?
     
    digi1, Feb 23, 2008 IP
  6. eddy2099

    eddy2099 Peon

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    #6
    No. Same rules applies. If however you have overseas branches, you can have them open paypal accounts for their respective countries.
     
    eddy2099, Feb 23, 2008 IP
  7. digi1

    digi1 Peon

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    #7
    I live in the Netherlands BUT my company is located in the Bahamas ,no problem with that ?
     
    digi1, Feb 24, 2008 IP
  8. eddy2099

    eddy2099 Peon

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    #8
    I believe you pretty much can only set up a Netherlands Paypal account. For the Bahamas, ask your employees in Bahamas to set up the account there, it would however not work if it is just a shell company.
     
    eddy2099, Feb 24, 2008 IP
  9. ItsJordan

    ItsJordan Member

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    #9
    pretty sure you can.
     
    ItsJordan, Feb 24, 2008 IP
  10. digi1

    digi1 Peon

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    #10
    I will have no employees in the Bahamas.
    Does the company bank account also has to be in the Bahamas ?
    What documents, paperwork ,info will paypal require from my company in the Bahamas ?
     
    digi1, Feb 24, 2008 IP
  11. eddy2099

    eddy2099 Peon

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    #11
    If that is the case, it is probably not worth setting up the paypal account in the Bahamas besides in Netherlands, you get a Send/Receive account while in Bahamas, it is only a Send account which basically means you cannot receive money. However, in Bahamas, you most likely still require a Bahamas' issued Credit Card for the Bahamas account.
     
    eddy2099, Feb 24, 2008 IP
  12. ahuddy

    ahuddy Peon

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    #12
    Why don't you setup the paypal account and the tied bank account both in netherlands. Then if you want money in a bahamas bank account, link the two bank accounts together online with ACH transfers.
     
    ahuddy, Feb 24, 2008 IP
  13. Maddux_91@hotmail.com

    Maddux_91@hotmail.com Peon

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    #13
    Paypal doesn't check anything to do with bank accounts because they don't have the time, so just feel free to add unlimited bank accounts anywhere lol...
     
    Maddux_91@hotmail.com, Feb 24, 2008 IP