@ProMods wrote:
I have been trying to add a Transferwise USD account to my UK business PayPal as we are receiving payments in USD and it would make more sense to keep them in a US bank account rather than lose money on the conversion, and time and time again my requests have been denied or I received the response "we don't support virtual accounts", which is non-sense as the Transferwise account is an actual bank account held under the owner's name.
It would be very helpful if PayPal recognised TransferWise as legal bank accounts denominated in a variety of currencies - and allowed PayPal users the ability to move the currencies they hold in PayPal to TransferWise Accounts.
Then we would not have to lose money on coverting back into GBP - send to our UK sterling account and then lose more money converting back to the original currency
We need to keep a supply of USD and EUR (and occasionally CAD, JPY, NZD) to operate - the payments we receive in these currencies via PayPal are one source of these currencies
And once we can move money from PayPal to TransferWise - then automatically we can move money (in all currencies) the other way
It feels a little anti-competitive to prevent movement of our money to our legal bank accounts
