If you use PayPal, there are high chances that you have been limited or will be limited in the near future. This means you need multiple PayPal accounts in order to do business.
With multiple PayPal accounts, you need multiple bank accounts, vccs, phone numbers…you get the picture.
However, many have a hard time getting bank accounts whether you are in the USA or internationally based.
What can you do?
Here Are The Top 4 Reasons USA Virtual Bank Accounts Are Safer For PayPal
#1 Easier To Obtain With No Information Needed
International users have a tough time getting a virtual bank account. USA residents, not so much, but the difficulty still exists.
Buying a USA virtual bank account takes the long process of opening accounts after accounts out of the equation.
Not only do you need to find a reliable seller, but they cost about the same as an opening deposit at your local branch.
#2 It Beats The Heck Out Of Opening Multiple Accounts
Opening accounts upon accounts will surely catch up to you. What do we mean?
If you open 7 accounts all in one shot, it gives off a suspicious vibe.
Take it from someone who has opened multiple bank accounts and have been shut down by almost every major bank.
When you are in the game of stealth, you know that PayPal accounts are abundant and need constant supply of banks.
Why do damage to your Chexsystem reports when you don’t have to?
#3 Quite Possibly Cheaper?
If you really look at it, the amount can be cheaper to buy a virtual bank compared to opening one up at numerous times.
Some banks do offer free options or no deposit to open; however, you are still at the mercy of getting marks on your Chexsystem report when times get tempting.
In any case, most of them require an opening deposit. From $20-100, it all depends on the bank.
On another note, you can save from all those monthly fees, penalties, restrictions, etc.
#4 Protects Your Identity
Probably the most important factor here. Although; you are not totally anonymous, it does protect your identity in a way.
Many users are very hesitant about giving out personal information, so giving out bank information is high on the list.
A virtual bank account will have no traces to your personal information.
If anything happens to the account, you will be worry free knowing that your personal information is safe.
With PayPal accounts getting hacked, we would say a virtual bank account is a step in the right direction.
Since PayPal definitely takes protective measures when it comes to stealth accounts. Using banks that are completely incompatible with PayPal will save you the frustration and wasted time.
When it comes to virtual bank account sellers, you can be assured they are using quality banks that are known to work with PayPal without any issue.