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Old 08-14-2019
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Default 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?
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  #2  
Old 08-14-2019
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Default Re: Changing PayPal Account

It is to evade paying them.......

Do you really think that switching paypal accounts is the solution. Just work harder and pay them back. Then find another way to earn a living, this one isn't working.
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Old 08-14-2019
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Default Re: Changing PayPal Account

You borrowed the money, you need to pay it back per the terms you agreed to
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Old 08-14-2019
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Default Re: Changing PayPal Account

OP, why did you take this loan in the first place? And for how much?
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Old 08-14-2019
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Default 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.
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Old 08-14-2019
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Default 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.
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Default Re: Changing PayPal Account

Quote:
Originally Posted by agent006140 View Post
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.
EXACTLY!


==============
@MikeReloaded You need Brand New PayPal, and a brand new ebay account to work with.
Definitely Stealth Account is waving at you!
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Old 08-15-2019
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Default Re: Changing PayPal Account

Quote:
Originally Posted by nickopedia View Post
You borrowed the money, you need to pay it back per the terms you agreed to
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.
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Old 08-15-2019
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Default Re: Changing PayPal Account

Quote:
Originally Posted by rsot View Post
OP, why did you take this loan in the first place? And for how much?
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.
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Old 08-15-2019
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Default Re: Changing PayPal Account

Quote:
Originally Posted by agent006140 View Post
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.
You hit the proverbial nail right on the head. Glad somebody got it.
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Default Re: Changing PayPal Account

Quote:
Originally Posted by MikeReloaded View Post
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.
Woooow. What a massive loan
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Old 08-15-2019
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Default 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.
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