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Possible to Have a UK PayPal Account (as well as Irish one)?

  • 23-01-2011 5:50pm
    #1
    blobert
    Registered Users, Registered Users 2 Posts: 1,540 ✭✭✭


    Hi,

    I have UK and Irish merchant accounts to take card payments on my website in Euro and STG but PayPal payments are proving very pricey.

    Paypal wont let me withdraw to my UK bank account and insist on converting to Euros first at their +2.5% rates, they also clasify GBP as overseas payments and so charge an additional 0.5% fee for accepting them. This on top of their lovely 3.9% base rates!

    I'd like to have a UK PayPal Business account as well as an Irish one but they seem to have a problem with this.

    I could set one up using a Sterling Card and Bank Account and Address but I suspect problems would come up when I went over the £1700 (€2500) limit and I had to provide more info, my company is registered in Ireland not the UK.

    Anyone have any suggestions how to do this? I see people saying they have managed to do so, but not in the case of a business with a decent ammount of money moving through the account. My business involves very low margins so I can't live with PayPal's fees. Unfortunately about 50% of payments are through PayPal so I can't not offer it, it's just a case of trying to make it more affordable.

    Personally I'd like to just charge customers an extra 30c to use PayPal (or whatever the extra is) but I don't think they'd understand it and think I was trying to rip them off.

    Any advice or suggestions would be much appreciated

    Thanks


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