Earlier it was necessary to link a current account to the paypal account for withdrawing the balance. This created great problems for some paypal account holders, since government officials would create fake team stories to commit financial fraud, slavery of the paypal account holder. Now paypal allows users to link their savings account also here. In your country, is a current or business account required for receiving PayPal payment?
Do you require a checking or current account for Paypal?
- Thread starter neku
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No, in my country only need a general bank account no need for a business account, when I want to withdraw money from PayPal to a bank account then only need to withdraw from PayPal account there is no interference from third parties or government.
No, you can link a debit card to your Paypal account to send or receive payments. A bank account isn’t required.
Yes, I have a savings account linked to PayPal. When the money in my PayPal account accumulates to a certain level, I transfer the money to my savings account. But I don't think you need to have a bank account to use PayPal. You can send or receive money just using PayPal. And some of the online retailers also accept PayPal for payment.
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In my country, there are only two banks exclusively affiliated for PayPal, only Union Bank and Bank of the Philippines Islands. Other banks do not have connections. My earnings go direct from PayPal to the affiliated bank.
Unfortunately for my country we can't readily use the PayPal account . it is as good as not having it
Earlier it was necessary to have a current, now it has become difficult to open a current account for proprietorships, so it appears they are now allowing savings account to be used.
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But you have your PayPal, mate. Why don't you use it in receiving your pay. I guess the deduction of fees through crypto is less compared to PayPal.
Since PayPal is not available in my country, I don't know if it requires a current account. But I know that in the US, you can link any kind of bank account to PayPal.
