Are you wondering How to Get a Virtual Bank Account for PayPal? Just stay with me on this article, as you get more details on how this works. In today’s world, gaining the freedom to your funds instantly is what everyone actually wants, right? Virtual banks and business to business payments have given business owners the chance to withdraw and spend their money from any location that they are.
However, before we proceed further, you have to know what a virtual bank is all about before you can know How to Get a Virtual Bank Account for PayPal.
How to Get a Virtual Bank Account for PayPal
In this part of my article, I will be letting you know what a virtual bank is all about. This bank account is an internet-based account where you get to send and receive money. Using this service, you do not have to visit any banking hall to carry out your transaction. Just with your active internet connection and a smart digital device, you are sure to get started.
The idea of operating financially with this account has given so many people the chance to have bank accounts in locations where they do not reside. That is absolutely amazing, right? There are so many online payment platforms that offer this service, however, I will be referring you to How to Get a Virtual Bank Account for PayPal. So many people out there are currently using this bank account, and they have found it so easy to access and make use of their funds right from the comfort of their homes and offices.
Payoneer Virtual Bank Account
You are so surprised, right? Well, I can get that feeling. You may begin to wonder, but we are talking about PayPal here! Of course, we still are. The best place for you to get your virtual bank account with PayPal is through Payoneer. This Payoneer is also an online payment platform, through which you get to receive and send money online. Payoneer gives you the chance to get a Mastercard sent to your address and virtual bank account. Using this, you can engage in PayPal withdraw. Just visit any ATM in the world and withdraw your funds.
Using this bank account from Payoneer, so many business owners, merchants, and other people have been able to send and receive money from different parts of the world. They have also been able to withdraw and access their funds so easily too. Once you get this debit Mastercard from Payoneer, you can use it to register your PayPal account. Link it to your PayPal account and you can register your PayPal funds through the card. That’s how this works.
You cannot really get a direct PayPal virtual bank account. You just have to set up one with Payoneer, get the debit Mastercard, link the PayPal account with your PayPal account and start to withdraw your PayPal funds through this debit card from Mastercard.
Payoneer Bank Account
Now, this virtual bank account is not the only account that this amazing online payment service offers, but in this part, I will only be referring you to the virtual bank account.
Now, I would want you to get things straight. It is not possible for you to open this virtual bank account online. It is also referred to as Payoneer US virtual bank account. Here’s how you can get this.
- This account has to be open in person
- Your business has to be registered in the United States
- A physical US business address is also needed for this account
- You will also be prompted to provide your US tax identification number
These are what you just need to do. In a nutshell, you have to visit a bank in the US to get this account. What bank should you visit?
- TD Bank
- PNC Bank
- Chase Bank
- Bank of America
- Wells Fargo
Now, you can get your amazing account. Once you get this account, you can link the debit card to your PayPal account. How to withdraw? Transfer the funds from your PayPal account to the Payoneer account, then withdraw from an ATM.