VCC for offshore paypal accounts - Can you test?

[dotbloup]

Hello, i have found a process to make a Belize, Seychelles Paypal account work with a foreign bank.
For instance, Seychelles + Cyprus bank account. Normally it should work

As you may know paypal requires that a credit card to withdraw money from Paypal account be from the same country than the company account. For instance, a Seychelles paypal account has to be linked to a Seychelles issued VCC for paying or withdrawing money. Then after that , it is possible to interact with the Cyprus account.

I would like people to test it to see if it works. Here is an example for Seychelles + Cyprus account

• You open your paypal account behind a VPN or proxy for Seychelles
• You create a business account at http://entropay.com (Virtual credit card) with the address of Seychelles (it is very important because this address will be the address of the mastercard.)
• You transfer a bit of money from your Cyprus bank account to Entropay account.
• Then, it is important to unlock the entropay account otherwise it is useless, the list of necessary documents are below this list. They may send you an email to ask for a question be ready for valid answer.
• Then you go to paypal and start the verification process. 3 days after it you will be able to see the number in your entropay account on the online list of transactions.
• then you come back to paypal and confirm the virtual credit card
• then you should be able to withdraw money to this virtual credit card from Paypal and then to your Cyprus account from entropay account.

Here is a copy of the email Entropay sent to me for unlocking the business entropay account



With regards to which documents you will need to provide us with when opening a business account please provide us with the following :

- Memorandum and Articles of Association

- Certificate of Incorporation

- Bank Transfer Statement of Business. (you use i guess the transfer you have done)

Should you require any further assistance please do not hesitate to get back to us



Please give me your feedback !

 

[negon]

Why do you want to use entropay if you can do this all within minutes with a Virtual Credit Card that can be bought for $10? you can even after you verified your PP account load the card up to 2500$ and use it for purchase of stuff on the Internet.

Just wondering, the rest looks okay from my point of view.

btw. what VPN provider did you use for the Seychelles?

 

[dotbloup]

auric said:
Why do you want to use entropay if you can do this all within minutes with a Virtual Credit Card that can be bought for $10? you can even after you verified your PP account load the card up to 2500$ and use it for purchase of stuff on the Internet.

Just wondering, the rest looks okay from my point of view.

btw. what VPN provider did you use for the Seychelles?
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1. I didn't find a VCC allowing to withdraw money from it. I have tried openvcc or something like that but it was useless. It didn't work. VCC doesn't work in PP if the address related to it is NOT the address of the company. There are many VCC providers but few allow to add an address to it, that's why i use entropay.

Oops sorry, no vpn for Seychelles, in fact, i did it for Belize with Hidemyass vpn. No VPN for Seychelles.

 

[JohnLocke]

dotbloup said:
VCC doesn't work in PP if the address related to it is NOT the address of the company.
Click to expand...

It does 100% you just need the right VCC provider it seems. I will have a look at entropay.

Do you know if it is possible to use the debti card from entropay to load a Skrill/moneybookers account somehow?.. I'm looking into this atm.

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[dotbloup]

Admin said:
It does 100% you just need the right VCC provider it seems. I will have a look at entropay.

Do you know if it is possible to use the debti card from entropay to load a Skrill/moneybookers account somehow?.. I'm looking into this atm.
Click to expand...

I have tested it with paypal, i have successfully confirmed, added and withdrew money on the entropay card. I think with Skrill it will be the same as long as the address in the skrill account is the same as the Entropay VCC.

 

[negon]

I will have to try this entropay to see if this works... @dotbloup is this the first time you have been using them? What I'm afraid of is that this could be a scam operation or they are very complicated if you transfer large amounts to them. There are so many horror stories about Payoneer and similar services.

 

[dotbloup]

auric said:
I will have to try this entropay to see if this works... @dotbloup is this the first time you have been using them? What I'm afraid of is that this could be a scam operation or they are very complicated if you transfer large amounts to them. There are so many horror stories about Payoneer and similar services.
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Payoneer??? I use payoneer since 7 or 8 years now. I am very happy with them they are really serious.

But yes, credit card providers can be scammers. I have been scammed once. I am not talking about mastercard and visa but the companies that buy a license.

Entropay seems to be honest, i asked for a transfer from payoneer account to my bank account by wire transfer and they told me it would take 7 days.

 

[JohnLocke]

dotbloup said:
Entropay seems to be honest, i asked for a transfer from payoneer account to my bank account by wire transfer and they told me it would take 7 days.
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And did you receive the money on your bank account?

Have you had larger amounts with Payoneer and Entropay? It seems many of the negative reviews for Payoneer come from people from 3rd world countries or people doing something shady but I don't know and for sure I don't want to risk 5k or 8k euro to vanish.

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[dotbloup]

Admin said:
And did you receive the money on your bank account?

Have you had larger amounts with Payoneer and Entropay? It seems many of the negative reviews for Payoneer come from people from 3rd world countries or people doing something shady but I don't know and for sure I don't want to risk 5k or 8k euro to vanish.
Click to expand...

1. I have received the money (30 euros) from Entropay through WorldPay.

2. I had up to 3000 euros from Payoneer and it worked always with a 1 day payment from notification. Transfer to European bank is great. It is a SEPA transfer with low fee originating from EarthPort and bank accounts in Europe in my case.

The new payoneer service may help:
http://blog.payoneer.com/receive-payment-from-companies-worldwide-with-the-global-payment-service/
I want to be honest. Payoneer is one of the most reliable. Most of the money i get, i get it from Payoneer, since 12 months it is like 35000 euros. So, i can tell you it is serious !

Perhaps the people who share their stories are the ones who have competitor payment gateways. There are lots of scams in payment providers as well. I think about indian competitors from Payoneer because in India Payoneer is very popular.

I had no large amount with entropay.

 

[JohnLocke]

Okay thank you very much for this information. I already thought so that it may be competition and shady people.

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[Zoxin Development]

I agree with dotbloup and think that Payoneer is serious and work well. I have a card and was paid for work before several times and always workes good and as soon as I have my offshore company ready I will use them as one off my main payment option for my affiliates and staff. I think they are as safe as it can get.

 

[dotbloup]

crille30 said:
I agree with dotbloup and think that Payoneer is serious and work well. I have a card and was paid for work before several times and always workes good and as soon as I have my offshore company ready I will use them as one off my main payment option for my affiliates and staff. I think they are as safe as it can get.
Click to expand...

Payoneer accepts companies from Belize, Seychelles and i think other jurisdictions.