Ebay US + Indian Paypal Problem. Help!!
Hello Everyone,
I have an eBay USA account on which I am getting 300-500 dollars on daily basis. I am receiving payments through Paypal registered in India which is connected to my Indian Bank Account.
The problem is that according to Indian regulations you cant keep any money in PayPal, it has to be transferred to bank account on daily basis. For these transfers paypal charges around 4.4% + it does it on a lower exchange rate also, which is making it a loss of around 10%.
I want to keep my money in USA and transfer only profits after making purchases.
I want to know if there is a way through which I can have USA PayPal and Bank account being in india, I heard You can do that via registering an llc.
I need help in identifying the right process/ channel to get USA based banking.
thanks
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