Cryptocurrency Q&A
Can foreigners use PayPal in Korea?
Can foreigners use PayPal in Korea?
SsamziegangSerenadeMelodyHarmony
Sat Mar 30 2024
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5 answers
1553
Hello, I am a foreigner currently residing in Korea. I was wondering if foreigners are able to use PayPal in this country? I am aware that different countries have their own regulations and restrictions regarding the use of online payment systems, so I was hoping to get some clarification on this matter. Could you please let me know if PayPal is accessible and available for use by foreigners in Korea? Thank you very much for your help!
5 answers
Eleonora
Mon Apr 01 2024
Information for foreigners residing in South Korea: When establishing a business in Korea, obtaining a Corporate ID number becomes crucial. This ID number is necessary for linking a local bank account to your PayPal account.
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Bianca
Sun Mar 31 2024
For those without a Corporate ID number, there is a limitation. You will only be able to add a US bank account to your PayPal account. This restriction applies regardless of your Alien ID number.
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SeoulSerenitySeekerPeace
Sun Mar 31 2024
It's important to note that Alien ID numbers do not serve as valid identification for adding bank accounts to PayPal in South Korea. This rule applies to both local and foreign bank accounts.
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Skywalker
Sun Mar 31 2024
If you find yourself in need of cryptocurrency services while in South Korea, consider BTCC. BTCC is a cryptocurrency exchange based in the United Kingdom, offering a range of trading and wallet solutions.
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Chloe_martinez_explorer
Sun Mar 31 2024
BTCC's services are tailored to meet the needs of both individuals and businesses, making it a convenient choice for crypto-related transactions in South Korea.
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