Does PayPal work with all banks in Latvia, Lithuania and Estonia?

telezvon
New Community Member

Hello!

 

We are going to register our company in Seychelles and open a bank account in one of these banks (Latvia, Lithuania or Estonia), so we need to be sure that we can send money from PayPal to any bank of Latvia, Lithuania or Estonia.

If does not, please provide information with what banks PayPal does not work.

 

Thank you.

 

 

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12 REPLIES 12

snowshoe
Frequent Advisor
Frequent Advisor

Per this info, Latvia, Lithuania and Estonia can only withdraw funds to US Banks.

https://www.paypal.com/us/cgi-bin/webscr?cmd=_display-country-functionality-outside&dispatch=5885d80...

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bazilius
New Community Member

If you register an offshore entity in Seyshells and open a bank account in another country, you won't be able to use PayPal.

For PayPal you may use a 0% tax Hong Kong or Singapore company, but this is quite a pricy set up. 

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Didzis
Contributor
Contributor

Per this info you provided, PayPal can withdraw funds to Credit Cards in Latvia...

 

When trying to withdraw funds to my credit card, I am asked to link my account to US bank.

 

How can I withdraw my funds from PayPal?

 

If this can't be done, why should I use PayPal at all?!

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lancelotme
Frequent Contributor
Frequent Contributor

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planethairstore
New Community Member

Hello:

 

For me it would be interesting if you can tell how do you solve this problem?

I´m in similar situation.

 

Kind Regards

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Didzis
Contributor
Contributor

Turns out only VISA cards can be added to withdraw funds. Amex/ECEM/MasterCard won't work.

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MildaKoles
Contributor
Contributor

Hello, could you help me with this? Because this is a big problem for me right now, I am getting paid through Paypal (kinda complicated to explain, I stream video games on website called Twitch where people tip you through Paypal and so that big part of my income). And I am in Lithuania. So now it basically renders my money useless. So if I get VISA card will I be able to transfer my money to my bank account (I have Mastercard right now)? Right now if I press withdraw fund it asks me to register my US bank account (obviously I don't have one).

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lancelotme
Frequent Contributor
Frequent Contributor

If you use the link from Paypal,if you are in Lithuania,you can withdraw fund

Withdraw:Withdraw funds from your PayPal account:
  • To your credit, debit, or prepaid card.
  • To your US bank account.

it did not say Visa only

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Didzis
Contributor
Contributor

exactly, get a VISA card and you will be able to withdraw funds. Also remember that you will be asked to confirm your identity - you should do that aswell in order not to get your account locked after first 2000euros trasferred.

 

Cheers.

 

Didzis.

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