| |
| JamesLee | 10-20-2021 04:19 PM |
Re: The Chinese have 200+ accounts?
Now ebay ban Citi virtual bank now |
| e2free | 10-20-2021 05:49 PM |
Re: The Chinese have 200+ accounts?
Correct ban wave all over on ebay!!!! |
| SaiJin | 10-20-2021 06:36 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by starengine
(Post 1173214)
So I've been talking to some Chinese.
One of them told me that sellers have upto 200 accounts!
OMG!
He said they don't care if the accounts are banned as they still have 199.
Having 200 accounts is one thing. Logging in and keeping every account separate is another matter. But let's assume this is true.
He told me that they use Citibank virtual accounts.
How can we do similar?
In the USA and UK?
Just wondering 🧐
|
It's actually not difficult to manage that many accounts as long as you're organized and disciplined.
Citibank?? Doubt it... I have citibank myself and no such thing as a VBA with them for sure. |
| murdered_by_ebay | 10-20-2021 07:08 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by SaiJin
(Post 1173564)
It's actually not difficult to manage that many accounts as long as you're organized and disciplined.
Citibank?? Doubt it... I have citibank myself and no such thing as a VBA with them for sure.
| not citibank but sort codes / swifts / routing numbers of worldfirst , payoneer , pingpong and some others |
| nanyitech | 10-21-2021 06:27 AM |
Re: The Chinese have 200+ accounts?
Large sellers have 200 accounts is normal thing, not just Chinese |
| Gotya108 | 10-21-2021 10:20 AM |
Re: The Chinese have 200+ accounts?
Every single large Bank in the USA/UK/EU have digital only services now. The few banks that don´t have robust digital offerings have partnered with Fintechs like N26, Acorns etc who offer digital services but actual deposit and banking services are offered though Axos, Evolve, or another chartered bank. With the amount of established banks and challenger banks/Fintechs a legit LLC/Inc could open a few hundred accounts with dozens of Sort/ACH and issue a few thousand VCC´s... Ebay´s transition to MP has made it harder for sellers trying to run informal stealth accounts but a lot easier for those using proper protocols to open and run multiple stable accounts. "Failure isn´t fatal, but failure to change might be". |
| Rosanna | 10-26-2021 07:43 AM |
Re: The Chinese have 200+ accounts?
99% of chinese seller use PINGPONG. Pingpongx offers citi bank routing. |
| zerocool02 | 11-02-2021 05:37 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by Gotya108
(Post 1173642)
a legit LLC/Inc could open a few hundred accounts with dozens of Sort/ACH and issue a few thousand VCC´s... Ebay´s transition to MP has made it harder for sellers trying to run informal stealth accounts but a lot easier for those using proper protocols to open and run multiple stable accounts. "Failure isn´t fatal, but failure to change might be".
| How LLC could do it?
Same LLC name for multiple accounts, different ACH? |
| GOODMANS | 11-02-2021 09:11 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by starengine
(Post 1173214)
So I've been talking to some Chinese.
One of them told me that sellers have upto 200 accounts!
OMG!
He said they don't care if the accounts are banned as they still have 199.
Having 200 accounts is one thing. Logging in and keeping every account separate is another matter. But let's assume this is true.
He told me that they use Citibank virtual accounts.
How can we do similar?
In the USA and UK?
Just wondering 🧐
| Sounds exaggerated |
| Speeder33 | 11-02-2021 09:17 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by GOODMANS
(Post 1174760)
Sounds exaggerated
| its not, these sellers exist |
| GOODMANS | 11-02-2021 09:18 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by Rosanna
(Post 1174060)
99% of chinese seller use PINGPONG. Pingpongx offers citi bank routing.
|
correct:cheer::cheer::cheer: |
| starengine | 11-04-2021 07:02 AM |
Re: The Chinese have 200+ accounts?
So just to summarise...
- The Chinese have a way to have 200+ accounts.
- We (the rest of the world, USA, UK, Europe etc) are under the evil shackles of ebay MP.
What a wonderful way of letting China take over the world. |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by GOODMANS
(Post 1174760)
Sounds exaggerated
| They surely have third part software made with eBay API...and they manage them without any worries
For example an advanced and private software like Crazylister is needed |
| Gotya108 | 11-07-2021 01:54 PM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by zerocool02
(Post 1174746)
How LLC could do it?
Same LLC name for multiple accounts, different ACH?
| No, as I said the only thing MP has done is made informal stealth more difficult but easier if you are willing to put a few extra dollars into your setup. We sell marketplace accounts, rent Inc's and LLC's and are releasing a guide for Ebay, Amazon and Etsy in a few days so I'm not going to go too much into detail but as for the basics. It cost $50 in certain states to setup an LLC or Inc. For our retail marketplace accounts we setup a different account per product category so that means a different LLC or Inc, EIN, and bank account per category. If you've seen a few of my other post you'll see I always suggest at the very least setting up different bank for different marketplaces and activities (eg Amazon, Ebay and Etsy would be 3 different bank accounts even if you used the same LLC and EIN. Money in, money out, payroll that's 7 accounts) The easiest way to setup multiple stable marketplace accounts is by opening legit corporate entities per account. For sellers in the USA and UK or sellers trying to open USA and UK accounts you need to update or rethink the definition of stealth. Everyone is trying to rethink the entire process as opposed to the definition. It's like modern NBA basketball. Made shots are still worth 2 and 3 points but if you have a slow 7 footer focused on hook shots while the other team has Steph Curry shooting 45% from half court, you're screwed. The Basics are still the basics but how they need to be applied has changed. |
| betterlife2021 | 11-17-2021 06:45 AM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by starengine
(Post 1173214)
So I've been talking to some Chinese.
One of them told me that sellers have upto 200 accounts!
OMG!
He said they don't care if the accounts are banned as they still have 199.
Having 200 accounts is one thing. Logging in and keeping every account separate is another matter. But let's assume this is true.
He told me that they use Citibank virtual accounts.
How can we do similar?
In the USA and UK?
Just wondering 🧐
| how could he take out money from Citibank virtual accounts? |
| lizhuzhu | 03-22-2024 03:34 AM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by JamesLee
(Post 1173553)
Now ebay ban Citi virtual bank now
| What about wealthy banks? |
Re: The Chinese have 200+ accounts?
200 accounts it's really a lot.
It's manageable, but how many listings they have?
Millions? I think it's still better wholesale |
| 997turbo | 03-22-2024 05:46 AM |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by mexi
(Post 1237922)
200 accounts it's really a lot.
It's manageable, but how many listings they have?
Millions? I think it's still better wholesale
| those companies usually have 100+ employees
not for private sellers |
Re: The Chinese have 200+ accounts?
Quote:
Originally Posted by lizhuzhu
(Post 1237911)
What about wealthy banks?
| why would they be banned |
| SaiJin | 03-22-2024 09:09 AM |
Re: The Chinese have 200+ accounts?
Old thread, make a new one please |
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