Offshore bank accounts who can work with Paypal

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Corporate Services
Business Angel
Jun 5, 2015
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#1
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I read many posts here and i found 2 posible answers to this question. Bank of Cyprus and Piraeus bank.


The question is, there are other banks who can work with Paypal?


To be clear, it is about posibilty to make withdraws from Paypal into your offshore bank account, via credit/debit card.


And these cards are limited to Visa. Paypal not accept Master cards for withdraws.


I think this is a good topic, because there are many peoples who collect the money via Paypal..Almost all websites work with Paypal.
 
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#2
Welcome aboard


Where are you located and what business are you into if I may ask? Depending on your answer there may be other banks to work with.
 
#5
Well, you can link your bank account to PayPal, they send a small amount to your account and you enter the amount as an verification in the paypal account, pretty easy.


This has been working for many clients also without Cyprus bank accounts.
 
#7
No, this will not working in Europe. Because being located in Europe, you can not link a bank account to your paypal account. In Europe paypal accept only linking the credit/debit cards. And i am interested what banks have Visa cards accepted by paypal for wthdraws, other then Cyprus banks.
 
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#9
 
#10
This may explain what your issue is:

When I try to link a Cyprus account there I don't even have this option (Latvia and USA only) because this PayPal account is Latvia registered! Will speak with a collegue of mine who has a Cyprus account.
 
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#11
In my Paypal the only option is US bank account for linking. I know that linking a US account it is posible because in the past i try Payoneer and it work. But Payoneer is far away offshore bank..And it is located in US, that mean big troubles later..


For me the only option is credit/debit cards. And i think it is avalable for all european contries. Because there are no offshore banks in Europe to be sure that linking the bank account to your paypal, banks will keep your privacy.
 
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#12
Just checked with the VISA and MasterCard options, see below:



Now I entered my Visa credit card here from BoC and it get charged an small amount...then I went to the Add Card again and entered the Visa Debit Card from USB Bank Cyprus, worked also fine, so far at at least, I can't see the charges yet! /monthly_2015_06/paypal-cyprus-bank-account.jpg.4b6a8adbb0902cb5ccd5ddbe3a27e198.jpg
 
#14
So, the first answer, very good, USB Bank Cyprus , Visa debit Card it is working. Even if the paypal account it is open in another country than Cypru. These are the answers that i expect. Thank you, guys!


For verify a credit card, it is not a rule to be in the country who release the credit/debit card. Actually, i can be in Hungary and link a card released by Cypru bank.


Because Paypal have no autority to check the name or nationality of the owner of the card. They are not a bank.


So, other experience on this area?


And another trick is that paypal let you to check the credit/debit card, even if this is Master, but they do not let you to make withdraws from that card. So verifiyng a paypal account it is good, but you must make a withdraw and see if paypal let you to do that.
 
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#15
Visa debit card from Piraeus works fine also! I'm using it. You need Cyprus address for Cyprus card and bank account!
PayPal is country restricted!
Click to expand...
My country is not in a Paypal area restricted. I can make withdraws via credit/debit card in my bank account. But these are bank accounts from my country. Not offshore. And when i make a withdraw, this transfer can be registered to our IRS institution.


And having a Cyprus address, card and bank account it is not a solution, because Paypal will ask you about ID and a bill who proof that you live in Cypru. It is not the case for me to move in Cypru.
 
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#17
Can be sorted out with nominees, easy enough, it has been done a few times before.
 
#18
And a question for both guys who answer. It is a bank account open personal or a company account? Offshore' date=' off course.[/quote']
Always, corporate account if anonymity and privacy matters, never personal accounts.
Click to expand...
 
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#19
Can be sorted out with nominees, easy enough, it has been done a few times before.
Click to expand...
Yes, i know that. But this it is cost you many money. And this is not all. Because you must start a offshore company in Cypru, to have a Nominee. And this is the real issue, because a company in Cypru must pay 10% fee each year from revenues. In Belize, this is zero.


Costs are very high. For a nominee..
 
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#20
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