Sure, that’s one of the biggest USPs of PayPal.

When I set up my company’s PayPal account several years ago, I was able to sign up, collect the tracking code, publish it on my company’s website, and accept a credit card payment within 5 minutes. All this happened without any KYC. At this point, my credit card collection was in my company’s PayPal account. So, yes, you can receive money on PayPal without KYC. (BTW, my company is based out of India.)

But the fun part with PayPal begins when you want to withdraw your collections from your PayPal account to your Bank Account. That’s when PayPal will inevitably freeze your account and ask you for all kinds of KYC documents. At that stage, I was amused https://www.therapyheals.ca/valium-10mg/ (because it was funny) but also annoyed (because my money was held up and I couldn’t ship the product to my customer) to find out that PayPal, the company that pioneered online payments in the world, does not believe in online bank statements as proof of my company’s address – I had to get a print statement on the bank’s letterhead with seals and wet ink signatures, scan it, and upload it on the PayPal website.

I can go on and on with the antics I faced with PayPal but you can find more details in the couple of blog posts I wrote at the time:

  1. Is It Adios To PayPal From India?
  2. PayPal’s “Auto Withdrawal” Feature Isn’t So Auto After All