Does Paypal support USD balance holding in Belize?
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I'm planning to start a start-up in Belize due to low capital. I receive payments in Paypal mostly and I use Paypal for transactions.
Dubail and USA allow to hold of Paypal balance and they spend the balance, unlike India. India won't allow owning the balance and it'll be auto withdrawn to bank account daily.
Can I withdraw USD directly to Belize bank account without converting to local currency( Belize Dollar)? I'm planning to take a multi-currency account.
Regards,
Praveen
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Belize PayPal accounts only have the option to withdraw funds to either a Visa card issued in Belize or a US-based bank account. As a result, it would appear that the funds would have to be converted from USD to BZD if withdrawn to a card.
- Randy
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