How do you all go about having so many PayPal?

As title

How do you all have so many stealth pay pals?

I would like to have 50 by the end of the month although I cannot just go into a bank and ask for 50 bank accounts..

How do you all do it?

[dan_ebay]

this threads been done a lot of times lol.

option 1: get 50 banks, is possible theres atleast 5 I know of that let you open multiple accounts online, I'm sure theres a lot more. Then another 10+ well known banks that let you have atleast 2 very easily.

option 2: have some bigger main accounts that withdraw to bank and smaller ones that you just buy stuff with (pay suppliers,buy from ebay with click and collect, buy stuff for your website)

option 3: as above but send money from the smaller paypals to your main paypals, almost bound in end in tears if you do it often from the same accounts though

[solefoodbk]

Originally Posted by dan_ebay

this threads been done a lot of times lol.

option 1: get 50 banks, is possible theres atleast 5 I know of that let you open multiple accounts online, I'm sure theres a lot more. Then another 10+ well known banks that let you have atleast 2 very easily.

Everything he said is 100% accurate but if you go with option just know you if 50 bank accounts is probably a 2-3 year journey, maybe more.

At least I would not open that many myself in that short of a time frame.

Alot of banks let you open additional savings but if you do to much then you run the risk of THEM questioning your sales and or closing your account. This is really something you can't rush into. Best bet is do option 2 and slowly get more accounts and kept them active.

Not wise to mess with this sort of legal stuff.

[cmbhuy]

Originally Posted by dan_ebay

this threads been done a lot of times lol.

option 1: get 50 banks, is possible theres atleast 5 I know of that let you open multiple accounts online, I'm sure theres a lot more. Then another 10+ well known banks that let you have atleast 2 very easily.

option 2: have some bigger main accounts that withdraw to bank and smaller ones that you just buy stuff with (pay suppliers,buy from ebay with click and collect, buy stuff for your website)

option 3: as above but send money from the smaller paypals to your main paypals, almost bound in end in tears if you do it often from the same accounts though

option 3.a (lol)
freelance the money to your main accounts, since paypal won't know where the money ends up.

[richie2065]

When I do option 3 I always use the option of pay for goods rather than send to friends.. although this incurs charges I feel it is safer.. though not ideal!

Originally Posted by dan_ebay

this threads been done a lot of times lol.

option 1: get 50 banks, is possible theres atleast 5 I know of that let you open multiple accounts online, I'm sure theres a lot more. Then another 10+ well known banks that let you have atleast 2 very easily.

option 2: have some bigger main accounts that withdraw to bank and smaller ones that you just buy stuff with (pay suppliers,buy from ebay with click and collect, buy stuff for your website)

option 3: as above but send money from the smaller paypals to your main paypals, almost bound in end in tears if you do it often from the same accounts though

[GreenBean]

Plan and plot.

Only way to get there.

[cmbhuy]

Originally Posted by richie2065

When I do option 3 I always use the option of pay for goods rather than send to friends.. although this incurs charges I feel it is safer.. though not ideal!

if you don't mind paying fees, instabucks or payhip i use sometimes as a merchant to transfer between accounts just so it looks like the sale is a bit more legitiment in paypals eyes and since its a egood, technically the buyer can't "charge it back"

[dan_ebay]

Originally Posted by cmbhuy

option 3.a (lol)
freelance the money to your main accounts, since paypal won't know where the money ends up.

whos cheapest for this, how much?

[cmbhuy]

elance or freelancer, i think elance is a bit cheaper but its still pretty high like 8.75% so depending on your business model and what you're doing its a pretty hefty price.

[meoshisha]

I think it's worth for paying some fees for the middle merchant than transfer money directly from one account to the others. Way safer, less stressful.

Originally Posted by username1

As title

How do you all have so many stealth pay pals?

I would like to have 50 by the end of the month although I cannot just go into a bank and ask for 50 bank accounts..

How do you all do it?

50 accounts in one month is very difficult to achieve.

Running 50 accounts is doable, but will take alot longer than a month to set up.

You don't need 50 bank accounts either. A few ideas have been mentioned so far, and if you read around the forum you will pick up other ideas.