EMI to transfer payments from PayPal

[lory]

Does someone know which EMI is compatible with PayPal. I want to transfer payments from my PayPal account to that EMI like I do to my normal bank account today??

Is there any EMI that will work for this?

 

[Perry8]

Depends on your country.

PayPal has different rules for different countries. But, in general, you can only transfer money to a bank account in your home country. For a number of countries they also accept a US bank account.

 

[lory]

Yeah it is country specific! great, I hope they will change that to accept EMI's at some point.

So if you live in a EUR country you may be fine with say Transferwise since the IBAN number will be used. And if you live in a country that does not use EUR you are pretty much losdt and can't use emi's unless they support the currency of that European country and offer IBANS for that currency.

I just checked, PayPal is not even using the IBAN, they want the registration number for the bank account and the account number. I don't think we get such info from any EMI or do we?

Damn it is a complicate world.

 

[Perry8]

You can use an EMI if you live in Europe, but it needs to be an EMI that gives you "the right" IBAN number. The IBAN starts with two letters that indicates the country. DE is Germany, ES Spain, GB UK, etc. Transferwise gives you a BE (Belgium) IBAN, so it might work if you live in Belgium (it might be blocked) but certanly not outside of Belgium.

 

[nobel]

You can use any IBAN in the SEPA area. Bank only in your place of residence is nonsense. I have german Paypal with IBAN: DE...., ES...., BE... and it works.

 

[Perry8]

You can use any IBAN in the SEPA area. Bank only in your place of residence is nonsense.

If you say so....

Paypal rejected my EMI with an IBAN not corresponding with my country but accepted an EMI with a corresponding IBAN. I have also had several clients with the same problem. But, it MIGHT be another explenation. As I do not work at PayPal I cannot really tell.

 

[nobel]

IBAN discrimination is not allowed, you have to complain. Maybe you have a Spanish PayPal account? Spain rejects all IBANs that do not start with ES. It is a disaster!

 

[ivan1911]

@nobel
Do you mind sharing what emi you use to work with PayPal ?

 

[nobel]

EMIs only TransferWise , BNC10, in the past LeoPay (it´s closed) which one does not work with you?

 

[lory]

okay, that sounds strange, but of course, I have not contacted PayPal about this case this time. I did in the past and they say if you live in the UK you must have a UK bank account

Where do you guys enter the IBAN account number in PayPal, I have a field for the registration- and a field for the account number.

I looked in the mentor group gold for some shady dark solution it may work but not sure if this is a long term strategy!