Paypal payments straight into bank account

5 replies
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Can paypal payments be sent straight into a business banking account account?
My client seems to think so.
That way paypal would only get one bite of the cherry
Thanks for any help
#account #bank #payments #paypal #straight
  • Profile picture of the author Vanilla Gorilla
    Not that I know of. You will have immediate access to it if you order a paypal debit card though.
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  • Profile picture of the author Ryan David
    Paypal payments have to go to paypal first and that's where you get hit with the fee. After that, you can transfer to your bank with no additional fees.
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  • Profile picture of the author User-Name
    Thanks for your help
    He was concerned there would be further fees sending it to a bank account (maybe a conversion fee)
    He will receive money in USD and his company is located in HK
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    • Profile picture of the author Mikhail Hunter
      It depends on his bank, I use Payoneer because I don't live in the U.S, even though it's not a bank it allows me to get direct deposits from Paypal and I'm charged a fee for receiving Paypal payments.
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  • Profile picture of the author User-Name
    I think payment processors are very strict when it comes to HK. Rules like need to be a merchant for 6 months 1 year etc etc.
    Thanks once again
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