Korean Job Discussion Forums

[gregoriomills]

Does anyone have any experience with setting up a Korean paypal account and linking it to your Korean bank account?

I realize paypal doesn't allow you to hold balances in Korean Won, but I assume it would just convert to dollars, euro, pounds, whatever...?

[ChinaBoy]

I thought that if you transfered a currency into an account which can't hold that type of currency it's bounced out. You can't deposit USD into a KRW account.

I think Koreans hold KRW in their Paypal accounts, am I mistaken?

I used to be up on this, but sadly my memory isn't what it once was.

[Jane]

I believe you can open a Paypal account in the currency you will be transacting with.

But, beware!

My friend once got paid KRW into a Korean paypal account, and the only way to get it out was to spend it.

Paypal refused to convert it and send the balance to a USD account, for example. He spend a lot of energy pursuing this issue.

Whether a KRW balance can be transferred to a Korean account, I don't know. Although if it were that easy, my friend would have done that. He was in Korea at the time too.

[WendyRose]

I tried to do this when I first came here and it's not possible. You have to enter a number (equivalent to SSN in the US) which means you need to be a Korean resident. At least that's what Paypal explained to me when I called them wondering why my ARC number wasn't working...

[ChinaBoy]

Yeah, that's it. Koreans can use KRW, but not people from other places.

Same thing in China.

Bogus, dude.

[SuperHero]

[coralreefer_1]

[WendyRose]

[gregoriomills]

[Ukon]

I use paypal to send money to the US(I sent it to my other paypal account). However, you need a corporate tax ID to register a bank account for dirt cheap wires....

You just put money into the count via your credit/debit card(korean or foreign).

[kasain]

I am assuming you have a US Paypal account.

I did set my USA paypal account to work with my Korean cards.

KB bank gave me a prepaid VISA. Basicaily I give them 1,000,000 a month that goes on a mastercard linked to the bank.

The mastercard regesters fine on paypal.

You can always add a confirmed Korean address to paypal. and when shipping to USA or Korea you just change where you want the goods to go.

I used my US paypal account with korean card for direct2drive, ebay, western union money orders and so on.

Its very easy to set up anyone can do it. Also use paypal to pay skype.

It will show you paid in won and how much US dollars it was as well.

[prairieboy]

I've been trying to figure out this paypal thing with KRW and there is no information on the paypal site that helps explain anything.

Thanks to everyone so far. More details please about what I need to do. I have a North American based paypal account and want to monetize a web site I'm trying to build. The money is basically useless to me at home but would be needed here.

Thanks and Cheers

[kasain]

Well if you do what I did, the mastercard is a debit card. If people paid you, the money would be credited to your korean account.

It was tricky setting up, but I did get it to work. The only really hard part that remains is if you do use that credit card to buy something online through paypal, and it ask for yoru address.

When the people set up the account they write it in korean and most websites cant accept korean charaters. But if you have a verified NA address you can just use that address. You do that paypal thing where it generates a instant 1 time or multi use online number.

[kasain]

Well if you do what I did, the mastercard is a debit card. If people paid you, the money would be credited to your korean account.

It was tricky setting up, but I did get it to work. The only really hard part that remains is if you do use that credit card to buy something online through paypal, and it ask for yoru address.

When the people set up the account they write it in korean and most websites cant accept korean charaters. But if you have a verified NA address you can just use that address. You do that paypal thing where it generates a instant 1 time or multi use online number.

[kasain]

Well if you do what I did, the mastercard is a debit card. If people paid you, the money would be credited to your korean account.

It was tricky setting up, but I did get it to work. The only really hard part that remains is if you do use that credit card to buy something online through paypal, and it ask for yoru address.

When the people set up the account they write it in korean and most websites cant accept korean charaters. But if you have a verified NA address you can just use that address. You do that paypal thing where it generates a instant 1 time or multi use online number.