I am American citizen planning on opening a business office in New Zealand, and I want to open a PayPal account for the new corp. Everything I read about though are horror stories about PayPal locking down accounts and taking people's money. I've conducted business for my Wyoming corp here in the states for 11 years now, with a stellar history, no chargebacks, no disputes, etc. What I'm wondering is if when I create the foreign corp what pitfalls am I looking at? I understand PP may be locking the business accounts if the business itself fails a credit check, as any new corp WOULD. I'm willing to give PP my SSN if they want to do a credit check on me, but I will be a US resident, not a resident of NZ. So can anyone advise me how this could work? Depending on what my CPA says, I want to move with our business plan this first quarter, but PP is a critical piece of it, as 100% of my business income flows through this service. Any info would be appreciated, thanks!
... View more