Selling inherited foreign property from the US: Complete guide
Read on for a step-by-step guide to selling inherited property abroad, including fees, taxes, and timelines.
Wondering how to change your name on PayPal? This guide is for you.
Whether you need to make a minor correction to your name to bring it in line with your government issued photo ID, or you’re looking to change your PayPal username for your business account, we have the answers.
We’ll also touch on how you could save on fees when sending and receiving payments in foreign currencies, with Wise.
Yes. You can change your name on PayPal if you need to correct a typo or if you’ve legally changed your name.
You won’t be able to change your PayPal account into someone else’s name, and if you’re changing your PayPal because you have a new legal name, you’ll probably need to provide legal documentation as proof of the change.
If you have a PayPal business account, you’ll also be able to change your PayPal account’s name if you can legally show your business name has changed.
Once again, you’ll need to prove that your business has legally changed name, and your linked bank account will need to show the same business name as your PayPal account.
Here’s how to change your name on your personal PayPal account¹:
Depending on the situation, you might have to upload images of a document to show your name has really changed. This might be a government issued photo ID if you’ve legally changed your name, or a marriage certificate, for example. Make sure you include photos of both the front and back of your valid ID.
Changing your PayPal business account name is very similar to altering your name on a PayPal personal account. To change your business name²:
This process only applies if you’ve changed the registered name of your business, and can provide legal documents to show this has happened. If you’re creating an account for a new business, open a new PayPal business account rather than updating the business name on an existing account.
PayPal offers some great options for shopping online and sending domestic payments within the US. But when it comes to anything international, PayPal’s fees can be high, with a steep markup every time you need to switch currencies. Beat high fees and bad exchange rates with Wise.
Open a Wise account to hold 50+ currencies, send payments to 80+ countries, get paid fee free from 30+ countries, and spend all over the world with your linked international debit card. You’ll get the real exchange rate with no markups and no foreign transaction fees, no monthly costs, and low, transparent charges for the services you use.
See how much you can save with Wise today:
Sources:
All sources checked on 8 June 2022
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Read on for a step-by-step guide to selling inherited property abroad, including fees, taxes, and timelines.
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