Are you a non- us resident interested in opening a US
Bank Account to collect affiliate earnings or receive money from companies
abroad? Then you are in luck we will show you how easy it is to get a US bank
account and redraw the money via ATM.
PayPal is the number one payment system of choice for
online merchants and shoppers. Many e-commerce transactions are carried out
using this mode of payment.
Credit card payments are still highly favored but PayPal
reduces the risk of identity theft. The credit card system lost out to PayPal
because they offered a fast, convenient, and inexpensive payment gateway for
online business.
Ebay had a lot to do with the incredible pace PayPal has
grown and developed into a billion dollar industry. The millions of
transactions and sales carried out on Ebay needed a payment gateway that is
reliable and easy to use.
The popularity of PayPal as a payment gateway increases
daily with the introduction of many innovative solutions. Especially with the
inherent dangers of hacking and typing personal details online.
PayPal allows both buyer and seller create an account
using an email address. The address automatically becomes your account name and
username. Buyers use their email to purchase goods or services while the seller
receives payment the same way.
You can link a credit or debit card to your PayPal
Account and fund the Account. You can also link your bank account to PayPal and
transfer earnings directly to your bank account.
Creating a PayPal account is free and it takes only a few
minutes to verify the account.
Create
and Account
Step
One
Visit PayPal.com either using your search engine browser
or mobile device and log unto the website. At the upper left hand corner of
your screen you will see the green padlock which indicates a secured website.
Step
Two
You can create your account by using the mobile App or
website. When you want to create the account look at the upper right corner and
click sign up.
There are different account types like the standard
account which is free, the Pro account that costs $30 and the business account.
You can start with a standard account and upgrade later if you wish
Step
Three
You get a page that has three fields email address,
create password confirm password. The email address you write would become your
PayPal account.
Enter your email address and create a password. The
password needs to be strong and difficult to decode then click Continue.
Your email must be valid because you will use it to
verify your account
Step
Four
On the next page that opens you get a form that requires
your legal first name, legal last name. Other personal information is street
address, city, state, Zip code, Mobile Number.
Step
Five
You can enter your debit card or credit card details although
this provision is optional. It is better to enter the details now because in
future you will need to verify your PayPal account. Without verifying it you
will be unable to withdraw online earnings.
You can choose the option of’ id rather link my bank
first’
Step Six
You need to link your bank account to receive money. If
you like you can skip this process for now by clicking I will link it later
then confirm that you want to skip that field.
Step
Seven
Apply for PayPal credit is strictly optional click NO
THANKS and you will be taken to Summary page
To start operating your newly created PayPal account you
need to verify your email. Log into your email account open the email they sent
to you and click YES this is my email.
The email might end up in your spam folder if you can’t
see it in the main text body. PayPal can send another message from your summary
page Click confirm email to prompt another email message.
Link
your Bank Account
You need to link you bank account to PayPal for funds
transfer. Click Link a Bank option in your account summary page. If your bank is listed you enter your online
banking login to automatically link your bank account.
There is a fair chance it isn’t listed if you don’t operate
an American bank account. To get it listed you need to enter routing number
which is found at the bottom of your checks.
You also add your account number to complete the process.
PayPal would send very small deposit into your account to confirm your account.
You need to confirm the value of the deposits so they know you are the owner of
the account.
Link
Your Debit or Credit Card
Linking your debit or credit card allows easy checkout
during online transaction. When buying online you don’t need to enter your
information if you have a card linked to your account.
In your summary page click LINK A CARD to add a card to
your account. Enter the card number, security code and expiring date it is
important that the name on the card matches your legal name.
If properly done the card is linked instantly.
PayPal accepts major credit and debit card such as
MasterCard, America Express, Discover and Visa Card.
How
to Set Up a PayPal Account for Receiving Payments
Sending payment using PayPal is easy and a popular way of
receiving payment is by sending a request. You can send your customers requests
for payment. PayPal sends an email to your customers with a link to receive the
payment.
The request form has a provision for a quick note which
becomes part of the email your client receives. Sending a payment request form
is an easy and convenient method used by many merchants.
The merchant can issue monthly invoices if he is to
collect monthly payment from clients. To do this under the request money tab
click create INVOICE link. It has automated invoice number, list of items,
details and days including different templates.
How
to open a virtual USA Bank Account
There is a company that provides a free US Virtual Bank
account and an ATM card via post to your country of residence. The MasterCard
is used at any Automated Teller Machine in India and around the world.
Indians face lots of restrictions online especially when
it requires collecting affiliate or job related earnings. The ATM debit card
you get is linked to your American account and used to purchase goods and services
online. Other uses include verification of PayPal America.
The account works nicely with Electronic Funds Transfer
which is the only payment method used by some affiliate websites.
The account holder gets full control of transactions done
with the debit card and an account number. A company that offer non-us
residents a chance at running and operating a USA bank account is Payoneer.
Getting a Payoneer MasterCard does not need a SSI or IP
change. The card enables account holders
withdraw funds via automated teller machines, bank transfer or direct deposit
Freelancers and bloggers including marketers sell
products and receive affiliate earnings mostly from US companies like Godaday,
ShareASale, Amazon and Clickbank.
The simplicity of redrawing directly from your ATM
machines make Payoneer debit cards a winner.
On my travels abroad I usually carry only my Payoneer MasterCard and it
works fine.
The only disadvantage I found with the card is that it
operates a checking account system and not a savings system. The payoneer card
is free and after opening the account it will take about a month to receive
your MasterCard.
You can use the card to purchase books, receive PayPal
payments, and buy products.
More
on Payoneer
Payoneer is an avenue small business owner and
professionals use to collect money from companies abroad. Payoneer when they
receive payment into your account clear the check and load your payoneer
account ready for use.
The US MasterCard can be used to withdraw money from over
200 countries worldwide.
Other countries like Africa, Asia, Sri Lanka can open an
account from there different countries. Don’t pay anybody to open the account
for you just follow the easy step by step guide
This is how to open a USA Bank Account from India
1
Log on Here to open a USA Bank account with- Sign up now and earn <!-
$
->
2
Then Click Sign up
3
The next step is to complete the online form
which include First name, Last name and email address. The information must be
truthful and should correspond with your mode of identification. Before filling
the form you need to know the postcode of your location. You can find the
postcode via the postal service website or go to the nearest post office and
ask.
4
This is very important that you get it right
because they will send your card to the location you provide. Don’t forget to
fill the post code/zip code of you location correctly.
5
You need to also scan your national identity
card or passport or driving license. The
name on the identification card must correspond with the details you have
provided.
6
Once the simple signup is complete they will
send a confirmation request to your email
How
Much does it cost to own a payoneer MasterCard
The entire process is free but you will be charge an
annul fee of $25. They will only withdraw the $25 when you have money in the
account.
Interestingly Payoneer has only withdrawn this sum once
since I signup over four years ago. Other fees to look out for are a charge of
$1 for every withdrawal you make via ATM.
Any transaction you do online does not attract any fees
like buying a good or service.
The card has solved the basic problems of accessing funds
online. It is easy to signup and collect earnings from hundreds of online
merchants.
It takes about a month to receive your payoneer card and
after you get it you need to activate the MasterCard.
First login to payoneer account to activate it.
Click Activate button at the middle of the screen
Then enter the PIN code you received with the card
through the post. You are at liberty to change the MasterCard password anytime
you like.
Although you have now activated your card and it is ready
to use you should consider applying for Payoneer USA payment Service.
Payoneer USA Payment service is a premium services that
allows you receive direct deposit from partner companies directly into your
payoneer account.
It works with Payoneer MasterCard using the ACH network.
You need to submit an application with the following details.
1
Product or service that you offer or wish to
receive payment
2
Direct web links to your products or blog or
company profile.
After applying for the Payoneer US Payment Service you
will get US payment information which includes the following
Bank Name, Account type- CHECKING, Account number and aba
Bank Routing Number.
You are done!
You now know how to setup a PayPal and Payoneer Account. However,
you are still interested in opening a regular USA bank account.
It is possible to open a bank account in the US if you
have a deposit of $50,000. The amount is large and purposely discourages small
business enterprises from opening accounts in US.
If you are a small business owner and you do not want to
use either PayPal or Payoneer then the only alternative left is opening the US
account personally. This is done by going to the US and opening the account.
A non resident visiting the US has a few obstacles before
they can open an account. Opening a US account without a valid Social Security
Number is a major challenge.
Another option is incorporating a company in US, filling
tax and other legal requirements. The good news is that some US banks are
willing to open a USA bank account without the holder depositing $50,000 or having
a Social Security Number.
The downside is you need an average daily balance of $350-
$750 depending on the bank.
Here
is How to Open the USA Account when on a visit to USA
-Visit the United States of America
-They will request your Passport and make photocopies
-copy your home address and tender a utility bill
-make an initial deposit
-add a USA telephone number
Filling foreign individual or a foreign address will not
work with US banks. The only address that the system allows is a valid USA address.
If you have a relative or trusted person in the US you
can ask them if you can use their address. You can later ask the bank official
to send a message to change your US address to your Home address.
To activate Online Banking Platform replace SSN with 9s
number.
Once your US account is properly activated they will send
you a welcome pack with details of charges. Some banks send three checks and a
temporary debit card and online access.
Major USA Banks charge about $2 and 2.9% currency
conversion fee. Very few USA banks allow non USA residents open account find
the ones that do.
To get your permanent debit card to work get the bank to
attach a temporary USA address. If you had gotten your friends address and left
it on your form you will not encounter this hitch.
You now have a USA Bank account.
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