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Is it possible to open up a paypal account in another country?

Discussion in 'BlackHat Lounge' started by davids355, Jun 19, 2011.

  1. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    I am a resident in the UK and as such I have a uk paypal account.
    However, I carry out slot of transactions in dollars and I wonder if anyone knows how / if it's possible to open say an american paypal account so I could receive and send dollars and therefore not have to worry about conversion rates??

    I'm guessing possibly the barrier might be not having an American bank account/address, but I thought someone here might of had experience of this in the past??
     
  2. JohnsonDaniel

    JohnsonDaniel Regular Member

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    Speak to your bank. Try and get them to open a USD account for you, US-based (banks like HSBC, Citi, etc will do this for you).

    Once you have your US bank, add it to your normal UK PP account.

    Make your PP account work with USD as well as GBP.

    When you have a USD balance, withdraw to your US bank account (PP allow FREE withdrawals via ACH to US accounts, takes less than 4 days).

    Decide whether you want a card for the US account (and then withdraw cash or pay for things in UK with it), or just wire over cash in chunks once built up.

    That's your easiest route. Actually getting the PP account to be a US account, instead of a UK account, without having a US address AND a personal SSN for a signer on the US bank account is horrifically awkward.

    HTH
     
  3. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    Sounds like the way to go, I take it I would still need another paypal account though if I want some sterling and some usd?
     
  4. JohnsonDaniel

    JohnsonDaniel Regular Member

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    Nope.
    I have a European PP account, just one, based in the country I live in.
    I use it for Euros and USD.
    I have attached a US bank account to it, and withdraw the USD to there.
    I did have a bank account in my country also attached to it, but I've since removed it, just cos I changed banks and haven't yet added the new one.
    Don't really get much income in euros, so not to interested in withdrawing to a local account.
    Two currencies can live quite happily together in a single PP account :)