Opening PayPal account for US LLC using a US resident Help

[Novice]

So, I've registered a US LLC in delaware and I got the EIN today.

I've read that PayPal needs to contact someone in the US to keep an account open and running. Does that mean I can use a relative or a friend who lives in the US to create the company PayPal account?

What are the chances this account might get closed? He's not an LLC member/employee or anything, how the IRS would view him or does he have to report anything when doing his taxes? (he'll use the LLC EIN when registering the account).

 

[Houdini]

Novice said:
I've read that PayPal needs to contact someone in the US to keep an account open and running. Does that mean I can use a relative or a friend who lives in the US to create the company PayPal account?

What are the chances this account might get closed?
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yes that would work, but depends on what you run through the account. You could also setup the account in your name if you get a valid US bank account and mobile phone number.

 

[Novice]

I'mRobot said:
yes that would work, but depends on what you run through the account. You could also setup the account in your name if you get a valid US bank account and mobile phone number.
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That might not last for long.
The one I suggested would actually remain working as people said elsewhere. But the second most likely won't last long.

Unless I don't really understand what do you mean by valid US Bank. Fintech not considered valid?

 

[ihagatcan]

Novice said:
What are the chances this account might get closed? He's not an LLC member/employee or anything, how the IRS would view him or does he have to report anything when doing his taxes? (he'll use the LLC EIN when registering the account).
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That's a bit risky in that regard. PayPal has always been very heavy-handed when it comes to closing accounts, I'd recommend making an arrangement with them that they become a member even if that holds no rights for them in the event PayPal does get picky with you.

 

[stivemoose]

But they have changed something? Now is not possibile to open PayPal with LLC and being non-resident? Asking address immediatly after you sign up proving you are resident alien in the us.

 

[Wayugo]

stivemoose said:
But they have changed something? Now is not possibile to open PayPal with LLC and being non-resident? Asking address immediatly after you sign up proving you are resident alien in the us.
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Works. You need an ITIN.