I live in two countries Iceland and Philippines. I sell products from Iceland internationally (travel related services) to clients in the Philippines and Germany. I have a personal PayPal account registered in Iceland but a business account registered in the Philippines. Both of them are linked. I file my tax return to the Philippines since I spend there the majority of the year.
I need to be able to accept my funds on the Philippine PayPal account from my clients. Then send it over to the Icelandic account. And from the Icelandic PayPal to my local bank account in Iceland where I make payments for the travel product with a local tour operator. Is that payflow possible and how much will I loose on transaction fees. 5% for each transaction? That is my concern. Or how does that work?
