How do I get a virtual bank account for PayPal or is PayPal a virtual wallet? One main popular reason why people would want to open a virtual PayPal account is for the fact that PayPal isn’t accessible in your country, like Nigeria, Rwanda, and more where you can’t receive money on PayPal. Based on statistics, PayPal is the biggest and most widely used payment platform used to send and receive money as well to make translations online. For people to be able to use the PayPal service fully and perform activities like online payment, receiving and sending funds, or PayPal virtual card, the need for verification is required. Above all, PayPal must operate in your location or country. Learn more about virtual bank accounts for PayPal.
It’s understood that a virtual PayPal account is a regular account that includes verification of your PayPal account without a bank account or ATM Card, but this will enable you to receive and send money like a normal PayPal account. But when looking at the word “Virtual PayPal Account” this means you won’t be able to put the money in your bank account.
Free Virtual Bank Account for PayPal Verification
First of all, you need to learn about what a virtual bank account means before looking for a free bank account to verify your PayPal account.
A virtual bank account is considered as an online banking system that offers the services of a bank institution without you need to walk inside the bank. Directly online, you can open a virtual bank account where you can save and receive money. According to reports, with a virtual bank account, you can easily open a non-resident bank account in countries like the United States and others.
Need for Verification to Use PayPal
If you’re wondering that you don’t need to verify your PayPal account before you can use PayPal. The truth is that you can open a PayPal account without you verifying it. But they impose limitations on the way in which you can use a PayPal account to the fullest. Verifying your PayPal account provides you unlimited access to the feature and transactions on the platform. Most importantly this helps you to use PayPal on online stores that don’t accept unverified PayPal accounts. Initially, to verify your PayPal account, what you need is a card or you can use your bank account for verification.
How to Get a Virtual Bank Account for PayPal
One of the free virtual bank accounts which you can use to verify your PayPal account to be able to receive and send money from PayPal virtual bank account is by using Payoneer. Payoneer is another top online payment platform and you can create a free virtual bank account that you use can use to verify your PayPal.
For PayPal verification with Payoneer, you can use the Payoneer Card and Payoneer bank account. Likewise, another one you can try out is using a community federal savings bank to verify PayPal.