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Losing sales not having payapl account

         

makbd

12:33 pm on Apr 19, 2006 (gmt 0)

10+ Year Member



Hello

I am living in a country which is not covered by papal. I am losing sales having paypal account as many of my prospective clients do not like pay using credit card in my site. I have a 2cehckout.com account there.

Presently I have uesd one of my relative's paypal account to receive payment . He has said to me not to use his account any more as he may face serious problem if he is audited for tax related issue.

Could you suggest me what should I do?

What are the rules for tax in situation like that?

What my relative should do to help me in this regards

Please advise me.

best regards

makbd

12:38 pm on Apr 19, 2006 (gmt 0)

10+ Year Member



I am losing sales having paypal account = I am losing sales not having paypal account

jsinger

2:01 pm on Apr 19, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



What are the rules for tax in situation like that?

Pretty complex issues involved, and you didn't state what country you live in. If your relative is acting solely to accept payments for you, I doubt he could get into tax problems. But he 1) might be more likley to be audited; 2) might lose his PP account.

Not a very tidy arrangement all around. Might red flag you for an audit as well.

fjpapaleo

6:50 am on Apr 20, 2006 (gmt 0)

10+ Year Member



I don't believe PayPal cares where you live. They care where your bank account is. So why not just open a bank account in a country that PayPal accepts? Have your relative help you open your own account at his bank.

makbd

7:52 am on Apr 20, 2006 (gmt 0)

10+ Year Member



He lives in usa, it is really tought to open bank account there after 9/11.
Besides that I am muslim. If trying to do so bring him a lot of hassle for him as well.

Could you help you giving some advice opening bank account at other countries where paypal works.

While searching a lot of company helps to open bank account in USA, they charge very high. It does not matter if I have good sales against it.

Are you sure If I have an account not residing there I can get a paypal account.

I will definetly go for opening a bank account to have a paypal account.