Simplifying Global Company Formation

Payments are delayed to help ensure a safe environment for both buyers and sellers. There’s a slightly higher risk associated with manually-entered payments because the card holder and the card don’t necessarily have to be there for the transaction to take place. We want to make sure that you have money in your account to cover any payment reversals.

It costs nothing to open a PayPal Business account. However, when taking payments or doing purchases, there might be specific transaction fees. Check out PayPal’s pricing schedule for specifics.

You can quickly access the first $5000 of card payments that you process in a 7-day period. Additional card payments will be available after 7 days.

It is easy to top-up your PayPal account – adding more funds to increase your spending limit. Topping up your PayPal account is free but charges may apply by your local bank.

PayPal has various ways for you to pay and get paid depending on your country. For some countries you may add a local bank and have money withdraw to your bank account; for some you can only withdraw to a U.S bank account or request for check payments.

PayPal’s currency exchange rate is always higher than market and bank rates. It is out of the way how PayPal profit from services they provide.

An EIN, or Employer Identification Number, is a unique nine-digit number assigned by the IRS to businesses for tax purposes. It’s like a social security number for a company.