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Stealth Ebay and Paypal with LLC and EIN
 

What do you think about opening a legit LLC and link it to stealth Ebay and paypal account?

Re: Stealth Ebay and Paypal with LLC and EIN
 

I've done it and was successful. Account never got shut down because i followed the rules.
They give you pretty good selling limits opening Business accounts.

Problem is it's not really stealthy, i did do a LLC with a simple name variation. Like real name Tommy Hopkins to Tom Hop LLC. Open up ebay as Tom Hop, got the transfers from paypal to bank flawless. (Just example my names no where near Tom).

Off course you would need to have a new address, phone number, ip, fresh cpu, cc etc.

You will not be able to get a pp debit card with a EIN. Opening a LLC can be costly, and its really not being completely stealth, and your EIN goes out in a year.

Re: Stealth Ebay and Paypal with LLC and EIN
 

*of course

Replacing your CPU (or opening your tower at all) is overkill to the extreme

EIN's do not expire after a year.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Hi phaz0rz, you seem like you understand eBay very well; hoped you could answer a few questions. I got banned/suspended on an account for buying high-value items off of ebay to save on fees roughly a year ago.

Now I want to start selling items on eBay legally; (the items will be high-value (in the $5000/each item range), so I'm going to need to have an open and honest communication with eBay in case something goes sour). I already have an S-Corp made and am selling on various forums. If I just open an eBay business account based on my S-Corp, will I be okay? Again, I've never been banned for selling, just for buying offline.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Yes, you'd be fine as long as you haven't made a buyers account with your S-corp already. The S-corp is it's own legal entity so it can't be used by eBay to create a link to your personal buying activity.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Thanks so much. Even if it’s the same name / phone / address / IP address as the account I got banned on previously on my buyer account? Again I want to be completely legitimate.

Re: Stealth Ebay and Paypal with LLC and EIN
 

No, you shouldn't do it that way. At the very least you should use a different phone #. Using a previously used phone number would most likely cause problems.

You could buy a new prepaid phone to create the account, then add a forwarding number to the account after a few weeks that forwards to your real phone. Or you could keep the prepaid phone active. But I don't recommend using the same # you've used before on a new acct.

If you're making a business account for your S-corp I'm not sure if you have to provide a contact name, but if you do have to, using your name would be ok as long as you don't give your SSN.

Re: Stealth Ebay and Paypal with LLC and EIN
 

This is a really good way and we do it all the time.
If you haven't already, I also recommend you read the ebay stealth so you actually understand the foundations on creating and operating the accounts.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Thanks. Will they ever ask for an SSN#? If they did in the future would it be a death sentence to give it to them? I’ll get a new phone no biggie, how about the IP?

Re: Stealth Ebay and Paypal with LLC and EIN
 

Sorry, and do I still need to have a new IP address / clear cookies too when I create the LLC? Is using my business address (same as personal address I got banned on for buying [apartment building]) okay? Will I ever be able to use the app again? Thanks.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Do not give them ANY info from your original account. Real LLC/EIN is a pretty safe way to go, but as other users pointed out, new phone, new ip, new addy, new bank accounts, new cc's, NEVER give a SS# you used before. There are ways around that if they ask...

Re: Stealth Ebay and Paypal with LLC and EIN
 

Do you guys suggest an EIN before an LLC?

Re: Stealth Ebay and Paypal with LLC and EIN
 

Thanks - what if I use the same address that I used before but don’t put the apartment number? There’s a couple of apartments in my building.

Re: Stealth Ebay and Paypal with LLC and EIN
 

can such account live for ever like normal paypal account evenif it go big money like 1k usd per day?

Re: Stealth Ebay and Paypal with LLC and EIN
 

I think, from what I've read and browsed, it can last forever only of you sell non ⊗⊗⊗⊗.

Re: Stealth Ebay and Paypal with LLC and EIN
 

when amount go big like 1k per day and the stealth accout will risky to get closed?

Re: Stealth Ebay and Paypal with LLC and EIN
 

what if i use the same name, and a different apartment in my apartment building? or just leave the apartment blank?

Re: Stealth Ebay and Paypal with LLC and EIN
 

I have used different apartments for a bit way back before using po boxes - but I NEVER used same name....way too easy to link

Re: Stealth Ebay and Paypal with LLC and EIN
 

Do you have to provide a name if you’re using an LLC/EIN? My concern is if I ever have to speak with them on the phone

Re: Stealth Ebay and Paypal with LLC and EIN
 

you have the best responses and the best information out of everyone on this forum. so here’s what i’m confused about. obviously when you register for an LLC there is no way to become a true llc without having a willing family member or friend who is willing to claim like 1% of the share. With that being said, you ARE registered as a disregarded LLC by the IRS. Ok cool got that. But here’s he problem. When you create the business account with paypal, do you select

Individual,
Sole Proprieter
Corporation
Partnership
Non profit

if you can, please log into your account setting and see exactly what you have. Because clearly what you are doing is working.

Then also, are you using your real first and last name on the account. Because wouldn’t the IRS reject the paypal 1099-k if you do ‘corporation’ or ‘partnership’, considering the fact that you are an individual/sole prop to IRS

Re: Stealth Ebay and Paypal with LLC and EIN
 

It depends on what state you are opening an LLC, some states allow a single member to open and operate one, other states may require more.

If you open a single member LLC then the 1099K from PayPal goes in with your regular tax returns.

I have a stealth eBay and PayPal accounts under a LLC, basically when open either eBay or PayPal accounts it is linked to a person initially even though they are corporate accounts. If you subscribe to the ebay stealth and use that as a basis with the information given you should be very successful

Re: Stealth Ebay and Paypal with LLC and EIN
 

this makes sense but here's what i'm confused about. when setting up your busienss account on paypal, they do not give you the option for a 'single member llc' or a 'single member corporation'.

The only options are 'individual', 'sole prop', 'partnership', 'corp', and 'non profit organization'.

So if you are a single member LLC (aka disregarded entity), which option do you pick for the stealth paypal account. This confuses me because if you select corporation, wouldn't the IRS reject paypals's 1099k form since the IRS is identifying you as a single member LLC? Or did you file one of the forms to get treated as a corporation?


There needs to be more crystal clear explanation on how to go about this because this is the make ore break of paypal account that's doing serious numbers.

Re: Stealth Ebay and Paypal with LLC and EIN
 

i hear what you are trying to say but i need you to elaborate more on how you're doing this. the way paypal works is they send the 1099k form to the IRS and the IRS either approves or denies it depending on the info they have on you. for example, if you put that you are a corporation' on paypal business settings and then they send that to IRS, wouldn't the IRS reject it because you are NOT a 'corporation? you are a single-member LLC. Or will the IRS not even care as long as the EIN is the same and the business NAME provided is the same. that is my question. please try to understand the specifics that I am asking. This is a fact-based question. It cannot be subjective. This is why so many people get accounts nixed. so we need the right answers. Objective ones that have been tried and tested

Re: Stealth Ebay and Paypal with LLC and EIN
 

Hey guys, I’m new to stealth and to this forum. I’ve had a few real good accounts with 5&8k 100% feedbacks and a few smaller ones but have done damage to one of them and they well went down. I’ve been trying to get back in the game and have been reading a lot of different options and I think this options is legit. I don’t have problems opening llc’s. They cost from 150-300 if you use online services and probably cheaper If you file yourself. My questions is this. To get an LLc you need your real name. Now to open an eBay or PayPal account they do require your personal info. I’m sure it has to match the LLC in case they do a verification. What do you do?
I appreciate any input, help, or ideas.
Thanks

Re: Stealth Ebay and Paypal with LLC and EIN
 

I hear you but my question is what is the classification of your paypal business account. Please log in and check if you can.

Is it a...

Individual
Sole Proprietor
Partnership
Corporation
Non Profit Organization


This is very important because if you put ‘Sole Prop’ or ‘Individual’ then on the 1099 form, Paypal will furnish the first and last name of the paypal account along with the business name of the account. And considering the fact that these are stealth accounts with real living names that are 100% not you, then the 1099 form would have a wrong fraudulent name against what the IRS has in their system.

Example:

Paypal 1099k form
Name: Jack Billy Bob (stealth acc name)
Business Name: Jesse Wellens Biz LLC
EIN: 888888888

IRS Database
Name: Jesse Wellens (real name)
Business Name: Jesse Wellens Biz LLC
EIN: 888888888

The only time paypal does not furnish (aka include) your first and last name on the 1099 form is when you’re paypal account is a ‘Partnership’, ‘Corporation’, or ‘Nonprofit Organization’. The form would only have your business name which will match the IRS database


Please log into your paypal account to check what you have as for business classification. Clearly you are doing it correctly

Re: Stealth Ebay and Paypal with LLC and EIN
 

Having the same issues. read my posts. Here’s the deal

When you open an LLC, the IRS will give you 3 options to file

-single member llc (this is not even an llc, it is classified as a sole prop or disregarded entity)
-partnership
-corporation (c corp or s corp, whichever one you like)

but on paypal they do not have the option for single member llc so in order to hide your pp stealth account name from the irs, you have to set your paypal account as a corporation. a corporation 1099 forms do not ever ever ever show your real name. Only paypal business name and EIN. Once you do that you will the. have to go to IRS website and fill out the specific form to have your single member llc treated as a corporation so that when paypal does send that 1099 form over to the IRS, the IRS will not reject it, because on paypal’s end you are a corp and on the IRS end you are a cope as well. So the trick is registering LLC but then quickly amending it through the IRS special form to get your LLC filed as a corporation for the tax year in their repository.


Secondly, Paypal has become very cerebral and methodical about demolishing stealth acc people. they recently implemented a strict policy that if you don’t add a ssn to the account then the only thing you can do is receive money and withdraw to your bank account. THATS IT. no sending, no buying shipping labels, no doing anything else. So if your last paypal account was limited then DONT use same name, ssn, or anything similar. It must be 100% pseudo stealth. And may never add your ssn to the account. BUT there are some stealth acc dealers out there selling account with ssn already added so you must get LLC as corp so I/R/S doesn’t see that on the 1099 form.

Re: Stealth Ebay and Paypal with LLC and EIN
 

Ok. That’s sounds confusing but I get the point. Now another questions is this.
I’ve been banned from eBay only. My PayPal account is not limited nor banned. I know I cannot use the same PayPal for eBay because it will get linked. My question is if I go and change the info on PayPal and change to new email address, would I be able to use the PayPal account? How much does eBay know? I mean I’m in good standing with PayPal so if I just change the email address and use that new email address to receive payment on eBay, would eBay figure it out that it’s the same person?

Re: Stealth Ebay and Paypal with LLC and EIN
 

Dalash nobody really knows for sure some people get away with it for years others are not as lucky it mainly comes down to if ebay pulls a manual review and digs deep enough into your account then ya its possible they could find the link you just have to decide for yourself if that's a risk your willing to take or not.

Re: Stealth Ebay and Paypal with LLC and EIN
 

I purchased a eBay stealth account about 5 weeks ago. Ive already listed 35 items and sold 20 of them already with $600 In my paypal. I Want to list many more products but I know I might get suspended. It is still a new stealth account Would it be safe if I created a new S Corp. and EIN number so I can start listing as many products as I can. Or should I wait the 90 days. Thanks for any help