The Chinese have 200+ accounts?

[JamesLee]

Now ebay ban Citi virtual bank now

[e2free]

Correct ban wave all over on ebay!!!!

[SaiJin]

Originally Posted by starengine

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]

Originally Posted by SaiJin

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]

Large sellers have 200 accounts is normal thing, not just Chinese

[Gotya108]

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]

99% of chinese seller use PINGPONG. Pingpongx offers citi bank routing.

[zerocool02]

Originally Posted by Gotya108

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]

Originally Posted by starengine

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

Originally Posted by GOODMANS

Sounds exaggerated

its not, these sellers exist

[GOODMANS]

Originally Posted by Rosanna

99% of chinese seller use PINGPONG. Pingpongx offers citi bank routing.

correct

[starengine]

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.

[dano]

Originally Posted by GOODMANS

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]

Originally Posted by zerocool02

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]

Originally Posted by starengine

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]

Originally Posted by JamesLee

Now ebay ban Citi virtual bank now

What about wealthy banks?

[mexi]

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]

Originally Posted by mexi

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

[rsot]

Originally Posted by lizhuzhu

What about wealthy banks?

why would they be banned

[SaiJin]

Old thread, make a new one please