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Changing PayPal Account
 

I do retail arbitrage on eBay and I have a crippling PayPal loan. They take 15% of gross every day. Needless to say I cannot sustain this overhead any longer.

My question is about purchasing a stealth PayPal account and attaching it to my eBay account.

I want to do this so I don't have to pay PP 15% of every sale.

It's not to evade paying them. It's just so I can have the profit margin low enough to actually get some sales.

Does anyone have experience with this?

Will eBay/PayPal do anything to the stealth account where I would have the money from the sales going to?

Can I use any bank checking account to withdraw funds?

Re: Changing PayPal Account
 

You borrowed the money, you need to pay it back per the terms you agreed to

Re: Changing PayPal Account
 

OP, why did you take this loan in the first place? And for how much?

Re: Changing PayPal Account
 

I do have a rolling reserve with PayPal.
They're holding 20% of every money i receive.
So, my best option was to use stealth paypal accounts to receive payments.
I Believe it's good to have that 15% deducted every sale you got to lessen your burden. Avoiding to pay that loan you had for sure will accrue interest.
Not the best decision to make.

Re: Changing PayPal Account
 

Since PAYPAL is taking 15%,he is marking up his item,and his asking price is not competitive and so he is not selling much.
He is asking if he can link his Ebay account to a stealth Paypal account.
but if you do so,your stealth PAYPAL account and your current Paypal account are linked via the Ebay account/
You need a new Ebay account to pair with your stealth Paypal account.

Re: Changing PayPal Account
 

EXACTLY!


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@MikeReloaded You need Brand New PayPal, and a brand new ebay account to work with.
Definitely Stealth Account is waving at you!

Re: Changing PayPal Account
 

I have been, but it's been tough. They do however have a minimum payment amount every 90 days. If I was able to get my PM down as to actually make some sales, then I could easily pay them their minimum and fulfill my obligation.

Re: Changing PayPal Account
 

I needed the money of course. This last loan was $75,000 I have just gotten the fee paid and now I am into the principal.

Re: Changing PayPal Account
 

You hit the proverbial nail right on the head. Glad somebody got it.

Re: Changing PayPal Account
 

Woooow. What a massive loan

Re: Changing PayPal Account
 

may be instead of getting a loan from Paypal,try apply for line of credit with your supplier.
rate should be lower.
sometimes you may not even have to pay interest.