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Old 05-03-2013
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Default Real Ebay/Paypal account. Make paypal business account?

This is my original ebay/paypal account. It has all my real info, name, address, SSN, etc.

What the pro's/con's of making this a paypal business account?

I was thinking of changing my main account to a business account for selling.

I could then open a personal paypal account linked to a new ebay account. I would use this account for buying, and selling household items which weren't bought for the purpose of resale (and wouldn't be on my business 1099)

Is this a good idea?

PS- stealth accounts are in my future as well. But I still have a lot of studying to do. I want to make sure I do it right so I don't jeopardize this original account.

Last edited by km018; 05-03-2013 at 09:02 PM.
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Old 05-03-2013
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My advice would be to leave your current account alone and start a few stealths.

Keep the real account as normal as possible. (Do not upgrade yet, Do not start any silly behavior of mass selling, etc) and learn the in and outs to run a successful business (do not add your current info to your stealths for obvious reasons of linkage)

You should wait for others to chime in, but this is my 2 cents. Good luck
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For me, this is a case of it is not broken, so do not fix it.

You are at a sort of crossroads regarding future selling on ebay. ( And Good Luck to you).

Careful use of this account could see your developing it into a good business.
You have already given the 'trimmings' ebay/paypal like to see in terms of trust etc.

Wait until your skills are such you can make any type of long term selling account.

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Thank you both. I know I definitely need a buyers account asap though. SO I guess I could just create a 2nd ebay account and link it to my one paypal for the time being, until I figure out all the specifics of going stealth.

I buy stuff on ebay and re-sell it there, and need this buyers account.
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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO O!!!!!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO O!!!!!

You just said a bad word.

Avoid taking any action that links accounts. If you do this, you are not stealth any longer.
Be very careful, my Friend
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Old 05-04-2013
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According to PayPal I remember reading. If you have personal and business PayPal account.

You will get a consolidated 1099k reflecting the sales from both accounts.

I would read the forum on the website regarding the 1099k and law again before jumping to that conclusion.
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Thank you everyone. Remember this is my original non-stealth account. I thought it was acceptable to have 2 ebays accounts (1 for buying and 1 for selling)?
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Quote:
Originally Posted by km018 View Post
Thank you everyone. Remember this is my original non-stealth account. I thought it was acceptable to have 2 ebays accounts (1 for buying and 1 for selling)?
Some people run 3 or 4 eBay with their PayPal Premier/Biz account with their legit info.

As far as PayPal goes. You can have one Premier/Business account and one Personal account. Personal PayPal accounts you can not receive money, if you do I believe it very very limited. Hence you could you use to buy but you couldn't use it to receive money for the household items you are talking about.

The only real advantage to opening a Personal PayPal when you have a premier paypal is that you can have it so you method of payment is always your Credit Card. PayPal forces you to use your balance or they try to take it out of your bank account. So having a Personal PayPal can give you an extra level of protection since it allows you to use your CC for payments.

Last edited by vogeltron; 05-04-2013 at 07:21 PM.
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Old 05-06-2013
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Quote:
Originally Posted by km018 View Post
Thank you everyone. Remember this is my original non-stealth account. I thought it was acceptable to have 2 ebays accounts (1 for buying and 1 for selling)?
While this may be true, since you are trying to create a buying account only AND you want to learn stealth (I am hoping), it is a good opportunity to learn how to operate link-free accounts.

Since the account you have is in your real info - build it as its own identity. Dont open it up to potential problems - could be a gold mine. Get a different address (to which you can receive items), all new info (cc, bank, etc.) - learn stealth and get that buyer account going. Bonus is that when it is stronger, you could do some sales on it...
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