PayPal is a globally recognized online payment platform that allows businesses and individuals to send, receive, and manage money securely across borders. It supports various payment methods, including credit/debit cards, PayPal balance, and bank transfers.
For non-U.S. residents, PayPal can be used to receive payments under a U.S. business entity (LLC or C-Corp). To open a U.S. PayPal Business account, you’ll typically need:
- A U.S.-registered company (LLC or C-Corp)
- A U.S. EIN (Employer Identification Number)
- A U.S. phone number and business address
- A valid email address
- A U.S. business bank account (e.g., via Mercury, Relay, etc.)
While PayPal does not require a Social Security Number (SSN), you may need to provide a passport and proof of business ownership. It’s important to ensure all your business details match across platforms (e.g., LLC, bank, EIN, and PayPal) for smooth verification.
