An idea i have to get money out better?!?!

[MrAnon]

So am going to get to a point where I may have more than one ebay account, and I want to take money out a different way beside the bank etc (which I am doing through my current account)

I was thinking of turning the paypal money to bitcoin, then transferring it into somthing like (coin base) where I can. Get a debt card and take out the money?!?!

I dunno is this a silly idea or can it be possible

[jas]

Their are a few vendors on the marketplace here that will accept PayPal for bitcoin. But cashing out to bitcoin will cost you a bigger % of your funds

[MrAnon]

Yes I understand that, I have seen some ads l, but how would I transfer the bitcoin to such places as coin base and take money out via their debt card?!

[jas]

Originally Posted by MrAnon

Yes I understand that, I have seen some ads l, but how would I transfer the bitcoin to such places as coin base and take money out via their debt card?!

Or you could just cash out the bitcoin on a site like LocalBitcoins straight into your bank account and withdraw with your normal debit card

[MrAnon]

So I buy the bitcoin via stealth paypal,

Then transfer them into my the site you spoke off

And withdraw my cash?!

That simple?! And won't have long term issues where if I withdraw £3000 or so each month

[jas]

Yes but if you’re looking to withdraw £3000 monthly you might want to think about spreading that between different accounts

[MrAnon]

Fair enough, even if I do, would it be an issue from the bank side? E. G HSBC UK?

[jas]

Originally Posted by MrAnon

Fair enough, even if I do, would it be an issue from the bank side? E. G HSBC UK?

I’ve never had an issue from my bank doing this. As fair as they know you could be self employed