Prepaid debit cards or Old Fashion Bank Accounts?, - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 06-12-2013
Senior Member
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,595 Times in 1,075 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default Prepaid debit cards or Old Fashion Bank Accounts?,

Just wanted to see what everyone Is using or prefers in terms of banks and VBA

I personally started with using regular bank accounts but starting to realize that maybe prepaid is the way to go with stealth. With alot of banks adding many fees and hidden fees I feel if you find the right prepaid D you can get away at least with monthly fees and get one withdrawal a month for free

And my biggest like with prepaid Debit cards if your stealth account get in trouble Paypal cannot go into your bank account and overdraw your account if the funds aren't there which is a huge relief.

So what do u prefer these days???
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 06-12-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

Dabble between the 2 - regular bank is still nice, less fees to deal with
Reply With Quote
  #3  
Old 06-12-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Variety is my business.

I vary what I use.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #4  
Old 06-12-2013
Senior Member
Threadstarter  
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,595 Times in 1,075 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

What i hate is how Paypal can just dip into your account at will, That should be illegal, i understand we sign up for payments but going into someones bank account is a violation from my point of view, that's my main reason for favoring the prepaid cards
Reply With Quote
  #5  
Old 06-12-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

Quote:
Originally Posted by Dmshark25 View Post
What i hate is how Paypal can just dip into your account at will, That should be illegal, i understand we sign up for payments but going into someones bank account is a violation from my point of view, that's my main reason for favoring the prepaid cards
Sadly not a violation - the direct deposit/withdrawal is a bilateral agreement
Reply With Quote
The Following User Says Thank You to rsot For This Useful Post:
MM78 (06-12-2013)
  #6  
Old 06-12-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Quote:
Originally Posted by Dmshark25 View Post
What i hate is how Paypal can just dip into your account at will, That should be illegal, i understand we sign up for payments but going into someones bank account is a violation from my point of view, that's my main reason for favoring the prepaid cards
Been others who thought the same

USA bank laws are certainly manipulated by paypal
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #7  
Old 06-13-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

Quote:
Originally Posted by GreenBean™ View Post
Been others who thought the same

USA bank laws are certainly manipulated by paypal
Manipulation and contortion of the rules - they do push the boundaries...within legal analysis...witty in its own way while annoying to us, users.
Reply With Quote
  #8  
Old 06-14-2013
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,097
Thanks: 408
Thanked 668 Times in 494 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default

I tend to keep my stealth accounts once I can get them up to the first 5-10 selling feedback and don't get a stupid MC999. So I always use traditional bank accounts.

If I were constantly getting shut down for eBay violations. Knowing the stealth guides and how Vero and other things work. I would need to find a new product or do something else with my life. Because spending the hours it takes to properly make stealth accounts for the long run. Don't want to screw it up. For me it takes 4-8 months to properly make a stealth account and get up to 20-30 selling feedback and get some semi decent limits. Then again I tend to keep my accounts for good once I get them running.

Knock on wood but thankfully most of my Stealth accounts have been going strong for about 5-6 years.

Last edited by vogeltron; 06-14-2013 at 03:02 AM.
Reply With Quote
  #9  
Old 06-14-2013
Senior Member
 
Join Date: May 2012
Posts: 219
Thanks: 1
Thanked 61 Times in 46 Posts
Activity: 0%
Longevity: 69%
iTrader: (2)
Default

Quote:
Originally Posted by Dmshark25 View Post
What i hate is how Paypal can just dip into your account at will, That should be illegal, i understand we sign up for payments but going into someones bank account is a violation from my point of view, that's my main reason for favoring the prepaid cards
When you use a real bank account, open a savings or another checking account also. Whenever money comes in transfer it to the other account(s).

But for anyone scamming people or selling foofoos then they would deserve PP taking the money back.
Reply With Quote
  #10  
Old 06-14-2013
Senior Member
Threadstarter  
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,595 Times in 1,075 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

Yes but if there's no funds it can over drawl your account and than hit with a $35 over draft fee.
Reply With Quote
  #11  
Old 06-14-2013
Senior Member
 
Join Date: Oct 2010
Posts: 165
Thanks: 439
Thanked 18 Times in 15 Posts
Activity: 0%
Longevity: 78%
iTrader: (2)
Default Solution

Quote:
Originally Posted by Dmshark25 View Post
Yes but if there's no funds it can over drawl your account and than hit with a $35 over draft fee.
Just opt out of the Overdraft protection or whatever they call it through your bank - that way the transaction won't be covered if it exceeds the balance.
Reply With Quote
  #12  
Old 06-14-2013
Senior Member
Threadstarter  
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,595 Times in 1,075 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

But a real bank still can get overdraft whether u have that or not, anyway this happened to me once where ebay billed me twice for seller fees .
I had already paid them for a month and than ebay charged me again and took funds out of my account( original account before stealth) this just caused alot of unwanted problems that took lot of time and calls to do with to correct the situation .
Now that I operate stealth and know how to operate ebay now I never had this problem again but I like adding the prepaid cards not ever having to worry about this situation again
Reply With Quote
  #13  
Old 06-14-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

Quote:
Originally Posted by madmuppet303 View Post
Just opt out of the Overdraft protection or whatever they call it through your bank - that way the transaction won't be covered if it exceeds the balance.
Overdraft protection is what protects you from the balance being exceeded when 0$ are present - without it, you will be hit with fees
Reply With Quote
  #14  
Old 06-14-2013
Ayusaga's Avatar
Junior Member
 
Join Date: Dec 2011
Posts: 124
Thanks: 0
Thanked 16 Times in 13 Posts
Activity: 0%
Longevity: 71%
iTrader: (0)
Default

Quote:
Originally Posted by rsot View Post
Overdraft protection is what protects you from the balance being exceeded when 0$ are present - without it, you will be hit with fees
Nah, most of the time, opting OUT of overdraft protection is what is the best. Some banks have their different meaning for the term. Opting out means that if you have $5 in an account, and a company charges you $6, it will be declined, and that's it.
Reply With Quote
  #15  
Old 06-17-2013
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default

Quote:
Originally Posted by Ayusaga View Post
Nah, most of the time, opting OUT of overdraft protection is what is the best. Some banks have their different meaning for the term. Opting out means that if you have $5 in an account, and a company charges you $6, it will be declined, and that's it.
Right - but you still get hit with NSF (not sufficient fund) charge...that's what overdraft protects.
Reply With Quote
  #16  
Old 06-17-2013
Senior Member
Threadstarter  
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,595 Times in 1,075 Posts
Activity: 0%
Longevity: 65%
iTrader: (0)
Default

Yep any real bank account i had always allowed overdraft and as a result u were hit with the NSF fee around $35
Reply With Quote
  #17  
Old 06-17-2013
Ayusaga's Avatar
Junior Member
 
Join Date: Dec 2011
Posts: 124
Thanks: 0
Thanked 16 Times in 13 Posts
Activity: 0%
Longevity: 71%
iTrader: (0)
Default

Yeah, but when you opt out, you don't get hit with any fees, there's no reason to, it just declines the transaction. You don't have to worry about fees when you opt out of the overdraft protection.
Reply With Quote
  #18  
Old 06-17-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Quote:
Originally Posted by Ayusaga View Post
Yeah, but when you opt out, you don't get hit with any fees, there's no reason to, it just declines the transaction. You don't have to worry about fees when you opt out of the overdraft protection.
True.

You need to make sure the bank undertands this.

If you opt out, always better to have something in writing.

Stops issues.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Reply With Quote
  #19  
Old 06-17-2013
Subscribed [VIP]
 
Join Date: Feb 2013
Posts: 71
Thanks: 8
Thanked 9 Times in 7 Posts
Activity: 0%
Longevity: 64%
iTrader: (0)
Default

Also, don't forget about the monthly and daily limits that a lot of these prepaid cards impose.
Reply With Quote
  #20  
Old 06-17-2013
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,217
Thanks: 895
Thanked 4,069 Times in 2,169 Posts
Activity: 0%
Longevity: 81%
iTrader: (12)
Default

So, to be clear, you want to use the "bank account" attached to the prepaid card to withdraw funds from PayPal?

You have to be selective. Many providers will decline deposits coming in under a different name. MetaBank is famous for this. And a LOT of those prepaid cards are issued by MetaBank.

I have successfully used a couple of WalMart cards for this. Search the forums, there are others as well.

Lastly, if you ask me, real bank accounts are better for stealth as long as the banks don't do name matching on incoming deposits.
Reply With Quote
  #21  
Old 06-18-2013
Senior Member
 
Join Date: Mar 2013
Posts: 2,050
Thanks: 107
Thanked 206 Times in 177 Posts
Activity: 0%
Longevity: 64%
iTrader: (1)
Default

first and foremost make sure you use vba until the account is established and trustworthy for a real bank account. I never add a real bank until the account is ripe
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
prepaid debit cards blackandblue50 Credit Card Alternatives 9 05-21-2013 04:02 AM
Debit Cards, Bank Accounts and paypal, ebay tokie Subscriber Discussions 1 01-29-2011 06:41 AM
Are Prepaid/Debit cards and Bank Account Numbers linked? HowYaLivin PayPal Talk 2 11-02-2010 08:10 AM
PayPal can't confirm names on debit cards or bank accounts? imjustme PayPal Talk 6 08-14-2007 12:32 PM


Aspkin Group

All times are GMT -5. The time now is 06:24 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58