Transferring money to a relative (Canada)

[monochrome_blue]

Hey!

So, I've got this "stealth" account of sorts, an account whose name and birth date aren't mine, so I can't exactly validate it. I opened the account in 2014, not sure when exactly though, for what it counts.

Under normal circumstances, I'd have given up then and there, and made a new account, but the fact of the matter is that there's a hefty 2,600 in there. A relative of mine agreed to help me move the funds into a more secure position, namely, his account, which is verified.

Now, I was just wondering what would be the best method of doing so. What we had planned to do was to send increments of the money over a period of time (like $400 per month or so, sent as a gift), but I had read various threads here, and other places which discourage doing so.

We have the same IP, and same listed address, since we live in the same house, so I was also thinking there'd be the risk of PayPal linking the accounts or something.

So, what should I be doing? Continue sending small amounts of money to him? Give it to him all at once?

[last3379]

Very bad idea.

[last3379]

Don't do any of that or you will never see your money again.

Add a bank and withdraw... The bank doesn't have to be in your name and birthday doesn't matter.

I hope you haven't logged into your paypal with the same ip as your relative is logging into his paypal?

Don't do anything at all until you get some input here.

I don't understand why you didn't take the money out in 2014?

Is the account limited?

[dealagreeproceed]

Originally Posted by monochrome_blue

We have the same IP, and same listed address, since we live in the same house, so I was also thinking there'd be the risk of PayPal linking the accounts or something.

So, what should I be doing? Continue sending small amounts of money to him? Give it to him all at once?

Is this some type of sick joke?

[thecoolguy]

paypal links accounts even with different addresses, with same ip.. this is high risk for them with same address and all .. obviously they will block the account.

[rsot]

Welcome to the forums.

Best idea is to withdraw to bank - remember: you LOSE money by transferring also...fees and such. It's also risky for health of accounts.

[topazcorp]

Most secure way is to get yourself a merchant account that accepts PayPal and invoice yourself the full amount. In PayPal it will be considered a normal purchase so no issues there and once the money is in your merchant account it's basically safe.