| View previous topic :: View next topic |
| Author |
Message |
gregoriomills
Joined: 02 Mar 2009
Location: Busan, Korea
|
 Posted: Tue Mar 17, 2009 9:02 pm Post subject: Paypal Korea |
 |
|
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...? |
|
| Back to top |
|
 |
ChinaBoy
Joined: 17 Feb 2007
|
| Posted: Tue Mar 17, 2009 9:46 pm Post subject: |
|
|
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. |
|
| Back to top |
|
|
Jane
Joined: 01 Feb 2003
|
| Posted: Tue Mar 17, 2009 11:50 pm Post subject: |
|
|
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. |
|
| Back to top |
|
|
WendyRose
Joined: 10 Dec 2008
Location: hanam-si, seoul
|
| Posted: Wed Mar 18, 2009 1:22 am Post subject: |
|
|
| 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... |
|
| Back to top |
|
|
ChinaBoy
Joined: 17 Feb 2007
|
| Posted: Wed Mar 18, 2009 3:15 am Post subject: |
|
|
Yeah, that's it. Koreans can use KRW, but not people from other places.
Same thing in China.
Bogus, dude. |
|
| Back to top |
|
|
SuperHero
Joined: 10 Dec 2003
Location: Superhero Hideout
|
| Posted: Wed Mar 18, 2009 3:44 am Post subject: |
|
|
| WendyRose wrote: |
| 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... |
Wrong, I've done it. |
|
| Back to top |
|
|
coralreefer_1
Joined: 19 Jan 2009
|
| Posted: Wed Mar 18, 2009 5:02 am Post subject: |
|
|
| WendyRose wrote: |
| 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... |
This is spot on! Their registration service will not accept our foreign registration numbers. I was told my the person who answered my inquiry about this that at some point in the future this option may be opened, but as of that time (about 9 months ago) it was not possible. |
|
| Back to top |
|
|
WendyRose
Joined: 10 Dec 2008
Location: hanam-si, seoul
|
| Posted: Wed Mar 18, 2009 6:44 am Post subject: |
|
|
| SuperHero wrote: |
| WendyRose wrote: |
| 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... |
Wrong, I've done it. |
If you figured it out, please inform us how. It would be much more convenient to transfer money from my one account to another without the whole language barrier dance at the bank! |
|
| Back to top |
|
|
gregoriomills
Joined: 02 Mar 2009
Location: Busan, Korea
|
| Posted: Wed Mar 25, 2009 5:57 am Post subject: |
|
|
| WendyRose wrote: |
| SuperHero wrote: |
| WendyRose wrote: |
| 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... |
Wrong, I've done it. |
If you figured it out, please inform us how. It would be much more convenient to transfer money from my one account to another without the whole language barrier dance at the bank! |
Yeah, thanks for the help, guys. My ARC card wasn't working, either, and now I know why. It's really not that much better of a deal than just wiring the money home. In fact, the bank might even be better. |
|
| Back to top |
|
|
Ukon
Joined: 29 Jan 2008
|
| Posted: Wed Mar 25, 2009 6:50 am Post subject: |
|
|
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). |
|
| Back to top |
|
|
kasain
Joined: 25 Oct 2008
|
| Posted: Wed Mar 25, 2009 7:09 pm Post subject: |
|
|
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. |
|
| Back to top |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
