Forming a US LLC for a new PayPal - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe

Registration is fast, simple and absolutely free so please, join our community today!

Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Thread Tools
Old 02-23-2017
Junior Member
Join Date: Feb 2017
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 26%
iTrader: (0)
Exclamation Forming a US LLC for a new PayPal

Hello guys,
I do dropshipping from China, for a long time, using PayPal and 2checkout. 4 months ago PayPal surprised me with an email stating that they will hold 34K as minimum reserve and 20% of each transaction for 45 days, duo to high level of transactions. I tried to contact them but with no result. I got mad, I left that PayPal account and decided that I will never use them again.

After 2 months I received an email from PayPal stating that the account is limited and my funds will be available after 180 days (duo to too many disputes). I was already abandoning the account, and I was trying to survive using 2checkout only, but it was impossible ( 2checkout was taking 25% of each transaction for 90 days, from the beginning, which was ok for me, cause I had PayPal to pay for ads and suppliers).

Now I decided to start fresh but with better tools, Stripe/Shopify payments and PayPal again (Yes I know PayPal may decide to limit my new account in the future, but I will be prepared. if they will take minimum reserve and a percentage of the transactions for 45 days, I will have money for backup, not like the last time).

I found that the best solution for me, is to form an LLC in US. I found too many registered agents who are able to form the LLC for me remotely, but all of them say that it's not possible to open a bank account without coming in person. For me to get a US visa, it may take 2 to 3 months (If i'm able to get it). So it's a very long shot, which I can't take.

Now I have two options and I need your opinions:

Option 1: is to have Payoneer as the LLC bank account. It will work well with Stripe/shopify payments but with PayPal I don't know if they will accept it or no (Payoneer staff told me that if I call PayPal by the phone they may link the account).

Option 2: Hire someone in US ONLY to open the bank account for me. Which is not a great option, may result to some kind of fraud or scam.

Reply With Quote
The complete step-by-step guide to get back to selling today!


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice on forming an LLC bednarekt PayPal Talk 3 01-14-2016 08:36 PM
Forming an LLC DownExtreme Amazon 14 07-23-2015 02:01 PM
Upgrading to business PP/ Forming LLC lightmaria Subscriber Discussions 14 09-04-2012 03:37 AM

Aspkin Group

All times are GMT -5. The time now is 09:02 AM.

Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts