Banks that issue VISA business cards

[sergeylim88]

In order to use my business Paypal account, I need a VISA card that can accept withdrawal or US bank account(which I don't have).
So far I know that VISA business card, linked to current account (so something like a debit card), works just fine.

I contacted couple of Caribbean banks, and they offer only credit cards (VISA), which I am not sure how they work.
Do you think it would be possible to withdraw to VISA credit card (most likely not, since that card is not linked to current account as far as I know)?

Please list some of the banks, that you know that can issue a VISA card that can accept withdrawal from Paypal.
Company is registered in Belize, but we can provide fairly high deposits for a corporate bank account, so it is worth to try opening it.

Any other suggestion except Wise as a US bank account?
Are there any banks in Puerto Rico that have routing number, and can be linked to Paypal as US bank account?
Any of those accepting Belize?

Please let me know if you have an alternative proposal.

Thanks

 

[JohnnyDoe]

sergeylim88 said:
In order to use my business Paypal account, I need a VISA card that can accept withdrawal or US bank account(which I don't have).
So far I know that VISA business card, linked to current account (so something like a debit card), works just fine.

I contacted couple of Caribbean banks, and they offer only credit cards (VISA), which I am not sure how they work.
Do you think it would be possible to withdraw to VISA credit card (most likely not, since that card is not linked to current account as far as I know)?

Please list some of the banks, that you know that can issue a VISA card that can accept withdrawal from Paypal.
Company is registered in Belize, but we can provide fairly high deposits for a corporate bank account, so it is worth to try opening it.

Any other suggestion except Wise as a US bank account?
Are there any banks in Puerto Rico that have routing number, and can be linked to Paypal as US bank account?
Any of those accepting Belize?

Please let me know if you have an alternative proposal.

Thanks
Click to expand...

Open a company in the UK with the same name 😉

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[sergeylim88]

Ok, once I do that, what do I do next?
Wouldn't I be a obligated to pay taxes on income UK company makes?

 

[JohnnyDoe]

sergeylim88 said:
Ok, once I do that, what do I do next?
Wouldn't I be a obligated to pay taxes on income UK company makes?
Click to expand...

Maybe, maybe not, depends on how you set it up.

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[sergeylim88]

You are free to comment a bit more.
What about Caribbean banks? You are there, as far as I recall.
Do you know any that will provide a debit(business) VISA card, linked to USD account?

 

[JohnnyDoe]

sergeylim88 said:
You are free to comment a bit more.
What about Caribbean banks? You are there, as far as I recall.
Do you know any that will provide a debit(business) VISA card, linked to USD account?
Click to expand...

Plenty of advice on this forum on UK companies.
You could check with Deltec, Winterbotham and other Bahamas banks if they offer a Visa card.
In EU, Paysera does and they open for UK companies. Binance itself issues Visa cards.

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[sergeylim88]

Paysera offers cards in EUR only, so that doesn't work for me.
You are well informed, do you recommend any other alternative for accepting payments from clients? At the moment, we issue invoices to each individual client, and they pay through Paypal (since that's the easiest option for them, they don't want to bother with wire transfers).

 

[Jerry1911]

sergeylim88 said:
Company is registered in Belize, but we can provide fairly high deposits for a corporate bank account, so it is worth to try opening it.
Click to expand...

Maybe try opening a bank account in the US?

 

[JohnnyDoe]

sergeylim88 said:
Paysera offers cards in EUR only, so that doesn't work for me.
You are well informed, do you recommend any other alternative for accepting payments from clients? At the moment, we issue invoices to each individual client, and they pay through Paypal (since that's the easiest option for them, they don't want to bother with wire transfers).
Click to expand...

binance and crypto.com could work
You find plenty of advice on this forum for payment processors

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[sergeylim88]

@Jerry1911
Well, do you really think that is possible for Belize company?
Have you heard of anyone doing so?
Maybe Puerto Rico?

 

[Jerry1911]

sergeylim88 said:
Well, do you really think that is possible for Belize company?
Have you heard of anyone doing so?
Click to expand...

Shop around, try Florida. Say you will deposit $100k USD. I'm sure you'll find a bank willing to open.

 

[sergeylim88]

I am more than willing to deposit more than that.
Can you give me a recommendation of few banks, where I could try?

 

[Jerry1911]

Start here: All Florida Banks

@Cetme308win recently opened a bank account for his Belize LLC in Miami but doesn't want to disclose the bank name and rightfully so.

Thread link: What are the options for Belize LLC physical bank account opening?

One more thing. Have you tried opening a Payoneer account? They give USD bank details as well.

 

[sergeylim88]

I do have Wise, which is better than Payoneer.
I think Paypal will charge me additional 3% when transferring to an EMI account, at least so I heard.
Even Currenxie will provide US details (not actual bank account).

 

[Jerry1911]

sergeylim88 said:
I think Paypal will charge me additional 3% when transferring to an EMI account, at least so I heard.
Click to expand...

Not true. Btw have you linked Wise or Payoneer details and tried withdrawing funds?

Regarding Currenxie - do they open accounts for Belize companies? Do you have an account already?

If you do, could you let me know which US bank do they use for the USD details? Do they support ACH?

 

[sergeylim88]

They use Community Federal Savings Bank.
They claim they support ACH.

 

[Jerry1911]

Ok thanks.

So what I'd suggest is you go ahead and link Wise USD details to your paypal and try withdrawing funds. Should be cheaper than withdrawing to a card anyway.

 

[sergeylim88]

Have you done that your self?
Are you sure Paypal will not charge additional 3%?

Do you also have Belize company? If so, do you have a card that you where able to link and withdraw from Paypal?

 

[Jerry1911]

sergeylim88 said:
Have you done that your self?
Click to expand...

Yes but not with a Belize company.

sergeylim88 said:
Are you sure Paypal will not charge additional 3%?
Click to expand...

I've never seen Paypal charge a fee for USD withdrawals to a USD bank account or heard of it either.

EDIT: actually there is a 2.5% fee for HK companies for example.

for BZ seems like there is no fee: PayPal Fees for Sellers (Business) | PayPal AL

 

[lostguy]

JohnnyDoe said:
In EU, Paysera does and they open for UK companies. Binance itself issues Visa cards.
Click to expand...

that was my next suggestion to OP.