Hello everyone, I hope you can help. We just opened an e-commerce online store based out of Canada but we sell only to US customers. Our store is already integrated with PayPal to receive payments but we also need to send money to the US in US dollars. We already have a US dollar bank account and credit card based in Canada which we use to pay the expenses and receive money. We already have money in US dollars in our bank account which we are using to pay for expenses, advertising ...
Now when we want to link a bank account to our PayPal account, as we are based in Canada, we can only add an account in Canadian currency. So, if we want to send payments, we are going to have to convert the US dollars into Canadian to add on our Paypal account to be converted again into US dollars.
Also, when we receive money which will be in US dollars, we will have to convert the $$ into Canadian to be able to withdraw the funds to have them converted back to US dollars to be able to pay our expenses!?
We do not have money in our PayPal account as we are still a new business and customers can pay on our site through Paypal or directly with their credit card which is what they usually do. We also do not want to mix the accounts (budget for advertising and money received from sales).
Is there a way around this or is there another way for us to transfer money to the US in US dollars from our US dollar account in Canada?? This is such an inconvenient and its crazy that something as basic as being able to add a US dollar account from within Canada cannot be done.
Any help is appreciated,
Thanks alot
