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PayPal new business account

Discussion in 'Payment Processing' started by rokudenashi, Jul 2, 2019.

  1. #1
    I have a personal verified PayPal account, verified, I've been using it for years.

    I've recently registered a business account for other country where I have a bank account too, in order to be able to receive payments on my website/store. I don't have a legal business yet.

    As far as I know, PayPal doesn't mind the fact whether or not a business is really legally registered. As long as it's got a real bank account.

    1) Correct?


    I plan to receive payments from my store using my PayPal biz account. Initially those will be small amounts, say, $1-3k per month.

    2) Once I've received a payment to my new biz account, does it become available for withdrawing or paying for goods or for sending to other PayPal accounts *immediately*?

    Or is there a hold period? Especially for new biz accounts.


    3) I registered this biz account for a country A, where I have a bank account, while staying in a country B. And my personal account is for country C. Can this cause a problem with my biz account?
    rokudenashi, Jul 2, 2019 IP
  2. fpzshka

    fpzshka Member

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    Wrong, don't do business with them, they are required verification for my personal account twice! And i needed to visit their representative personally. Furthermore once i decided to open business account, they requested a bunch of documents approved by government
    fpzshka, Aug 26, 2019 IP
  3. EvoWRZ®

    EvoWRZ® Notable Member

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    You would,t have issue sending or receiving money, to withdraw it you need a US bank account or VISA of your nonUS bank. Vcc does not work.
    EvoWRZ®, Mar 12, 2020 IP