Hey

Does anyone have any practical experince with using PayPal with your offshore company?

Example: Can you link your PayPal account with your Hong Kong bank account if your company is registered in Panama?
Or is it better if the bank account is also opened in Panama?

Cheers,
d

I don't think PP is too fussy about countries, only if it's on your name. But i haven't tested it.

question do you want withdrawal facilities with your paypal ? because as far as I am aware your not able to do it from these countries. But I know where you can and set it up for you no problem

Yeah, I need to be able to push money to the bank account. As far as I know, PayPal allows this, but only to a US bank account.

If you have a Hong Kong setup, you can withdraw to a local account, though.

Originally Posted by Blackhatmatics

question do you want withdrawal facilities with your paypal ? because as far as I am aware your not able to do it from these countries. But I know where you can and set it up for you no problem

Can you tell us more?

Yeah, that would be nice too

About 6 months ago I was heavily researching this and my conclusion was that it cannot be done. Paypal is a bitch about countries. Most offshore countries have restricted withdrawal. The most promising was Hong Kong but that has a couple issues too. When you register with a business Paypal asks for company owner/director from the same country. Guess what are they going to ask to provide them when they limit the account when it hits certain traffic? Company papers, local owner's id, proof of address, etc. You can set it up but at the first account limitation you are screwed. With a Hong Kong company you also need to keep books and file them..

Ended up asking to be paid by checks. The company who registered my company provides bank account management service too. I point my affiliate checks to their address, they forward it to the bank via courier. Completely automated, costs less than paypal fees but painfully slow. Sometimes takes 2 months to get my money. But once the checks are rolling in it's ok.

Edit: read your question again. If I remember correctly the company and bank account should be from the same country. But the above still applies.