Paypal account for non paypal countries.
PayPal seems like a dream if you live outside the USA. I understand perfectly, I myself need PayPal to receive money from my own customers. My customers dislike using Western Union or wire transfers. PayPal is simply the fastest way to perform online money transactions.
I was in danger of losing some customers, so I was forced to come up with a way to get a PayPal account. I finally came up with the idea to open an account at PayPal UK. PayPal UK does not require you to have a banking account or major credit card. The only thing they require is a UK address– Even if you have never been there!
Once I registered, I began receiving money from various people for differing amounts of money. After you receive your first payment, PayPal sends you an e-mail to upgrade your account to Premium. You can easily move up to Premium account status, and most importantly– you are not asked to provide bank or credit card details.
But, there are two problems. First, you are limited to a maximum of 500GBP per month. To raise the maximum limit above 500GBP, you must verify your bank
account and provide other personal identification. The second problem, and it is a big one– is that you are not able to withdraw the money you have received. You are only able to receive money into your PayPal account.
Like all good things that must end some day, the party was over for me. When I logged on to my account I discovered the following message:
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I emailed them 3 times, stating:
moved from UK back to my home - Azerbaijan, and not able to specify my old UK bank
details. The main problem that few days ago I sent 365$ to my friend paypal
account mailto:chandan1948@yahoo.com , and transaction number is 112WEEWE
, he recieved the money, but the amount is on hold, and he can not withraw the amount.
I kindly ask you to validate that transaction since, there is no problem
from my side.
Zaur
Oh my goodness, what happened? Yes, the party was clearly over. The worst of it was, that I discovered that my last payment transaction to another party was placed on hold! How could that be? I had no clue. If someone had sent me money that money had been properly credited to my account, why was my transaction to a third party held up? Was there an explanation? I e-mailed PayPal three times for an answer. There must be a logical explanation, and a way to retrieve my money. Even if I had actually lived in the UK and have since moved away, how could I possibly verify banking details at this time?
My advice: Never register with PayPal if you have any doubts about receiving your funds.