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Old 10-03-2018
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Default Canadian PP questions

Hello,

I am looking at the possibility of setting up a Canadian company that sells bitcoin. (I am a US resident) Is it possible to link Canadian bank accounts to Canadian PP accounts under the business name and withdraw into the bank accounts?

Any help would be greatly appreciated!
CoarsePony
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Old 10-03-2018
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Default Re: Canadian PP questions

If you're going to be setting up a proper Canadian business and opening a Canadian business bank account then you won't have any problems withdrawing since the name on the PP account and the name on the bank account would match. What you're describing is how the system is designed to work.

The problem you're going to have is the "(I am a US resident)" part. I don't think you can open even a business bank account in Canada without a Canadian mailing address (I know you can't open a personal one). It's also painfully expensive to bank in Canada compared to in the USA. They charge you fees for everything from ACH deposits to card swipes to check deposits. All the things we're used to getting for free from American banks.
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Default Re: Canadian PP questions

Phaz0rz,

Thank you for the reply. i will do some more research and report my findings as I believe this information may help people in the future.

CoarsePony
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Old 10-08-2018
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Default Re: Canadian PP questions

Phaz0rz is right on about the fees - brutal for Canadian bank accounts.

Most banks will want a Canadian address - TD might not though; possibly BMO as well
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Default Re: Canadian PP questions

SO Do i can i disscuse more about that ?
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Default Re: Canadian PP questions

payoner providing candian virtual bank you can try that
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Default Re: Canadian PP questions

sure you can add usa to canadian paypal can you apply canada company ?
i can pay you fees .if you can apply canada campany
so do i want to apply canada campany .
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Default Re: Canadian PP questions

Quote:
Originally Posted by Unimoc007 View Post
sure you can add usa to canadian paypal can you apply canada company ?
i can pay you fees .if you can apply canada campany
so do i want to apply canada campany .
Sounds nonsensical - please elaborate
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