Please read the updated post on the following link:
A few days ago I was talking to an ex-colleage about the possibility of having a verified Paypal account here in Seychelles. A few months ago I tried verifying my account at Nouvobanq where they told me it was not possible. A friend of mine who was also trying to verify his account at another bank came up with the same results.
So I just assumed that they didn’t really want to deal with Paypal or something. Heck, how am I supposed to know; I don’t know much about banks. But the other day, my ex-colleague told me that he has a verified Paypal account connected to his Barclays account and it only requires having an active account there for 5 months.
This is big news.
Having a verified Paypal account means that you can shop online. It means you can start an online business, with ecommerce capabilities. This brings you one step closer to having the world at your finger tips. You no longer have to pay big money for a domain name to have someone register for it online because you’ll be able to do it yourself. You no longer have to pay for expensive web hosting. In fact, you can even start your own registrar business or web hosting business through resellers.
Anyway, according to the guy, he went to several banks to ask them about linking banks accounts with Paypal. MCB (Mauritius Commercial Bank) requires a minimum of Rs. 35’000 (USD2910.04) in your account to be able to link it to your Paypal account in order to get it verified. Nouvobanq says no. Savings says no. Not sure about the other banks. So for now, only Barclays has a green light for Paypal verification.
I cannot 100% confirm this because I don’t have an account in that bank. But my sister does so I’ll try to convince her to inquire about Paypal in her bank.