Paypal business account
Posted on 2014-03-06
it's been two weeks since I started to look for a precise answer.
The problem that I'm having with Paypal for the moment is that I want to open a business account with them and my trading routes are between the US and the UAE back and forth.
I'm based in the US and I sell and send US products to my customers in the the UAE.
I have bank accounts and buddies in both countries.
Now, the revenues that come from the UAE will be used to purchase products from here to send back to the UAE.
The dilemma is that I don't know what country I should open my Paypal account with.
I would like to open a US Paypal account since the currency is USD and products will be purchased from here plus that the account will be linked to my US bank account.
But I'm afraid that the transactions will look like an international transfer to my customers in the UAE rather than a transaction.
By the way, the Paypal account linked with my business will be used to pay from Paypal to Paypal only. No credit cards allowed since I got my UAE credit card terminal setup already.
What are your suggestions guys?
Appreciated in advance,