US Paypal business account opening for foreign owned LLC - 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.

Reply
 
Thread Tools
  #1  
Old 01-15-2020
Junior Member
 
Join Date: Jan 2020
Posts: 3
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 5%
iTrader: (0)
Default US Paypal business account opening for foreign owned LLC

Hey guys!

I am a foreign resident founding a US LLC. to do dropshipping for US customers.
I need a Paypal account, but even after i give them my business details including EIN number it keeps asking for SSN as well, which i clearly cant have as a foreigner that is why i incorporated
That is for US Paypal business accounts.

Anyone has any experience with this? I could open a Paypal account in my home country which does not make any sense as my business is US based and the international sellers and transfer fees of Paypal are ridiculous.

I know there are alternatives for PP but for now i want to stick with Ebay as a partner and their customers love PP...catch#22?

Thanks in advance,

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

  #2  
Old 01-15-2020
SaiJin's Avatar
Super Moderator
 
Join Date: Jul 2008
Posts: 9,379
Thanks: 251
Thanked 1,497 Times in 1,277 Posts
Activity: 91%
Longevity: 88%
iTrader: (2)
Default Re: US Paypal business account opening for foreign owned LLC

First of all you'll need a USA IP through VPN to operate a USA account.

Second I wouldn't give them any document info if they didn't ask for it as to not trigger the request itself for more info.

Are you trying to make a real PP account under your own name or so?
Reply With Quote
  #3  
Old 01-17-2020
Junior Member
Threadstarter  
 
Join Date: Jan 2020
Posts: 3
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 5%
iTrader: (0)
Default Re: US Paypal business account opening for foreign owned LLC

Hey bro,

Yes of course i want to open the PP account under my own name, as my business runs under my own name too. Business accounts require a business name and a personal name, an EIN number and an SSN too.

IP has nothing to do with this, as thousands of ppl are using and opening US Paypal accounts around the globe. However, using a VPN is a wise choice in my field but not because of this particular cause.

Most probably, the ITIN number will solve the problem, and its only a negligence from PP that this option is not visible on their sign-up page, but the two identificators (SSN and ITIN) have the same format. My lawyers say it will work with the ITIN, and as a foreigner i can get one from the IRS...

So maybe there is still hope. PP signup is confusing, their customer service is clueless and ITIN takes at least 4-5 weeks to get from the IRS.
Reply With Quote
  #4  
Old 01-17-2020
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 7,423
Thanks: 1,081
Thanked 680 Times in 637 Posts
Activity: 81%
Longevity: 15%
iTrader: (0)
Default Re: US Paypal business account opening for foreign owned LLC

question,how do you plan to take the money out of your US Paypal account,
Reply With Quote
  #5  
Old 01-17-2020
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 7,423
Thanks: 1,081
Thanked 680 Times in 637 Posts
Activity: 81%
Longevity: 15%
iTrader: (0)
Default Re: US Paypal business account opening for foreign owned LLC

You can have a local Paypal account and accept different currencies,if you dont want to pay high fees for currency conversion,then ask for local currencies,then the fees for exchange will be paid by the buyers,if they still want to buy from you !
Reply With Quote
The Following User Says Thank You to agent006140 For This Useful Post:
Zsolt (01-18-2020)
  #6  
Old 01-18-2020
Junior Member
Threadstarter  
 
Join Date: Jan 2020
Posts: 3
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 5%
iTrader: (0)
Default Re: US Paypal business account opening for foreign owned LLC

Hi, i would withdraw preferably with a new US business bank account, as i need it for my LLC anyway. Or optionally with a Paypal debit card if withdrawals are not super expensive outside of the US.

Yes i could use a local Paypal, but then Paypal would eat half of my profit margins. There are narow margins in Ebay Dropshipping, and huge competition on the US market. Other platforms of dropshipping are far more profitable then Ebay, but it requires many skills and/or upfront investment, Ebay is the best for a beginner.
Reply With Quote
Reply



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
Opening Paypal Business Account Chris18181 PayPal Talk 6 04-07-2016 08:35 PM
Opening new Paypal Business account SSN Requested GhostDog Subscriber Discussions 9 09-16-2014 01:33 PM
When opening a PP Business Account, What to Choose if your are a LLC ? Capitol PayPal Talk 1 01-11-2013 08:09 PM
Proper Steps To Opening a PayPal UK Business Account ctufc Subscriber Discussions 30 07-15-2012 09:07 AM
Opening foreign Paypal account highwhey PayPal Talk 6 01-26-2008 12:48 PM


Aspkin Group

All times are GMT -5. The time now is 09:00 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