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Re: Need New Strategy
 

It's total crap anyway.

OP, it seems pretty obvious that you aren't gradually increasing your sales on new accounts as is recommended in order to avoid this. Go slooowwww at first. If you show natural growth there's no reason you can't accept a half mil or more in the first year.

I don't recommend trying to stay under 200/$20,000 on all your accounts because that would probably end up a costly turn and burn operation. You'd never build credibility on any of your accounts before you abandon them. Plus like you were mentioning (I think), you wouldn't be able to access the payments in any of your PP's without giving an SSN or starting as an EIN business account. It's just... a bad idea.

sax4 has been saying on this forum for years that he's able to remove bank accounts from his European Paypal accounts and later reuse them on other Paypal accounts. Evidently he's been discredited and nobody believes him, since you seem to be running into a brick wall by even bringing that up. He always says it's specifically Eastern Euro accounts he's able to do this on. As far as I know, nobody has been brave enough to try that on USA accounts.

Re: Need New Strategy
 

Yup.
I like the 5/500 accounts for this very reason. Sell 5, get an increase to 30, sell the 25 more, get an increase to 60 or 90, sell, get increase to 280, sell, and then you are in the thousands BUT it keeps paypal happy for those first three months and a great track record.

But uploading tracking numbers from all over the place will get a doc request at 30-90 days almost 100% of the time. Then they will ask for a tracking number, determine drop shipping and close the account. It was this way 5 years ago and a lot harder now.

Re: Need New Strategy
 

But... why? So your customers can save the $20 wire transfer fee or whatever it is? I can see the advantage but it seems like you're doing a ton of leg work to make things only slightly easier for your big customers.

Re: Need New Strategy
 

Not tons of work at all.

A few clicks on a screen, cash deposits and another bank account, etc.. for other paypal, etc...

Always need bank accounts anyway, so I might as well open the two in strategic locations. It is no work.

Re: Need New Strategy
 

OP,
Connect a new stealth PP to a bank a/c
Send money to this PP from all other PPs
Withdraw to bank.
Unlink the PP and add new PP to bank a/c BEFORE you reach the 20k/200 limit

(Be aware that sending money frequently to same PP may get accounts linked, so create new stealth PPs frequently)

Re: Need New Strategy
 

Not just linked but also blocked...careful indeed

Re: Need New Strategy
 

and this no longer works because paypal is requiring a Social Security number to send payments in the USA.

Re: Need New Strategy
 

I agree, the only way to sell on PayPal is not to get on PayPal's radar.

Re: Need New Strategy
 

Oh okay. Didn't know that.
So doesn't that defeat the purpose of a stealth account? So does this mean that stealth PP are no longer possible in the US?

Re: Need New Strategy
 

For actual residents of USA it's still possible to run US stealth accounts because we can withdraw all the $ to a bank account.

For people in the rest of the world who can't drive into town and open a USA bank account, it's no longer a good idea to use US stealth accounts. :nono:

Re: Need New Strategy
 

10 checking and 10 savings per bank is not hard at all. I have well over 100 total accounts backup and in use. Online credit unions are fantastic

Re: Need New Strategy
 

I ordinarily go very slow. This most recent limitation was with an account 2-3 years old, with many transactions under its belt.

After selling on Ebay last year and the year before, I went to sell on Bonanza which does not have listing fees. Because of that, I was able to list and sell many items in a short amount of time. I was surprised that they would be so concerned with this well-seasoned account with no prior issues.

But of course, PayPal plays the villain once again. They are my nemesis, not my pal.

Re: Need New Strategy
 

So after absorbing all of the thoughts and opinions, I think this is my best approach.

I will open savings accounts with all of my currently active banks (around 10). I will attach one of these new accounts with each one of my stealth PayPal accounts.

After this, I will start making sales until I am up to 5-10 a day with each PayPal account. I should not reach the 200/20,000 threshold for a couple months. Once I reach this point, and everything is going well, I will then form an LLC and provide an EIN to continue selling.

Hopefully at that point, the account would be stable to consider it a permanent fixture, and the money it costs to form the LLC would not be wasted.

Re: Need New Strategy
 

Many RECENT transactions, or nah?

Re: Need New Strategy
 

Was probably pulling in $500/day or so last year with that account. After January it was pretty dormant as I discontinued selling on Ebay due to fees being racked up, swamping my profit margins.

I was overconfident that this account, with a very large track record, would be immune to such scrutiny. They really are wasting their time treating me like a scammer after proving my worth over several years.

Re: Need New Strategy
 

I can't imagine running a large business with many employees, depending on PayPal as my primary source of income.

Every night would be a restless night. Any day, they could just shut you down without valid justification, just as business begins to boom.

Would just have to tell everyone "Sorry, you are all fired. PayPal decided to be an asshole. Hope your kids don't go hungry now."

Re: Need New Strategy
 

I'm very confused by this. Maybe I don't understand what you mean... but if your fees are swamping your profit margins, you don't HAVE any profit.

You gotta pay those fees, man! lol

What am I not getting?

Re: Need New Strategy
 

I'm saying my profit margins were being diminished by racking up all the listing fees. Some days I was actually losing money. Overall, what I was making each month did not correlate favorably with all the time I was spending. That is why I am now moving on to Bonanza, which has no upfront costs, just commissions.

Re: Need New Strategy
 

Ummm, welcome to online selling?! :ballchain:

You seem new to this, but I want to think that you aren't.

Sounds like you need to re-evaluate your business. (Pricing, costs, and such) A person's eBay fees should NEVER even be CLOSE to something that put's them in a bind. I mean, it's only 10ish % of your sales. Gotta do the math beforehand, bro!

Re: Need New Strategy
 

Well given that the last time I paid income tax it was $70,000 means I must have made a decent profit.

It's as simple as this : I am better off on Bonanza than Ebay, given my new dropshipping strategy. I was hoping a high volume approach would have been more successful than it turned out to be.

Re: Need New Strategy
 

If that's ACTUAL profit, then your eB fees weren't inhibiting your margins/profits at all. But whatever, it's your story... tell it how you like it!

Re: Need New Strategy
 

But but but I don't only sell on Ebay. I have many businesses, some better than others.

I tried a new business venture on Ebay and it did not turn out to be as lucrative as I had hoped. Decent but not good enough. So I am moving on and will be utilizing my strategy with Bonanza, which should be conducive to much greater margins, which will enable me to make a lot more in the long haul.

If everyone had the ability to foresee and predict the future perfectly, then I guess this site wouldn't exist.