Payment processor · Asia-Pacific
Does PayPal work in South Korea?
PayPal onboards businesses registered in South Korea.
What a business in South Korea can use
PayPal’s products, for a company incorporated in South Korea.
PayPal wallet, cards and (in the US) Venmo at checkout, with buyer and seller protection.
Mass payouts to PayPal and Venmo accounts worldwide. Bank payouts go through Hyperwallet.
Hold balances in 20+ currencies inside a PayPal business account.
PayPal Business Debit Mastercard. Not for businesses in South Korea.
US businesses can accept crypto through Pay with Crypto and hold PayPal USD (PYUSD). Not for businesses in South Korea.
US businesses holding PayPal USD (PYUSD) in their PayPal balance can opt in to rewards of around 3.7–4% a year, funded from the stablecoin’s reserve interest. Not available in New York. Not for businesses in South Korea.
Available in 200+ markets, but in some (such as Nigeria and Morocco) accounts face limits on receiving money. Indian accounts can only receive international payments.
Onboarding confidence: medium. Source: PayPal worldwide. Everything about PayPal
Alternatives in South Korea
Other providers that serve businesses registered there.
Accept payments
Pay people abroad
Multi-currency account
Business cards
Stablecoins
Yield on idle cash
Selling to South Korea
How people there prefer to pay online.
- 1Local cards
- 2KakaoPay
- 3Naver Pay
- 4Toss Pay
Stablecoin rules in South Korea
Stablecoin rules are being written and may change.
PayPal’s stablecoin products are not available to businesses here.
Common questions
Does PayPal work in South Korea?
Yes. PayPal onboards businesses registered in South Korea.
Which PayPal products can a business in South Korea use?
accept payments, pay people abroad and multi-currency account.
What are the alternatives to PayPal in South Korea?
Providers that onboard businesses registered in South Korea: Payoneer and dLocal. With limits: Bridge, BVNK and Rain.
Can a business in South Korea use PayPal for stablecoins?
No, according to our data. Stablecoin rules in South Korea: Rules in progress (moderate risk). Stablecoin legislation is being drafted, and crypto exchanges are tightly regulated.
PayPal elsewhere in Asia-Pacific
Other providers in South Korea