Forum

Re: Renting other people's PayPal accounts legally possible?
 

that part which said one guy will accept 100k and send him 99k and keep 1k sounds like OP makes it up .

Re: Renting other people's PayPal accounts legally possible?
 

You'd have to believe it. There's a sucker born every minute

Re: Renting other people's PayPal accounts legally possible?
 

1% could mean chicken dinner for some in poor country,1% of $100k is $1000,more than one chicken,probably chicken every nite.
But what if he just takes the whole enchilada and never have to go hungry again!
Also they cant be US residents /citizens,taking in that much money gurantee you 1099K and some explanation on your 1040.

Re: Renting other people's PayPal accounts legally possible?
 

If I'm not mistaken, it's called consignment agreement i.e. recipient of the goods will use his or her means of selling/delivering goods to the customer(s). And idea itself is not too bad, I'd definitely rent out couple of good accounts including people who will handle all the stuff like listing, making description and so forth as I'm selling event tickets and I have to concentrate on the main ticket markets like stubhub.

Re: Renting other people's PayPal accounts legally possible?
 

Congratulations!! You wrote the first useful post here.

That's what I'm working on right now... figuring out how to write such an agreement correctly.

Thanks

Re: Renting other people's PayPal accounts legally possible?
 

Welcome to the forum - all the best as you master stealth :thumb:


Nice approach - good luck :)

Re: Renting other people's PayPal accounts legally possible?
 

Anyone even considering 'renting' their PayPal accounts to this highly risky business is an idiot.

This guy wants immediate funds after sales whilst selling digital goods

PayPal have got it right in this instance.

Imagine the risk of all them chargebacks later down the line....

Good luck to OP.

Re: Renting other people's PayPal accounts legally possible?
 

Wasn't bad advice. I just had done that already. Called 3 lawyers but they told me they wouldn't take the case as they're not specialized in it (because they thought about banking law).

Anyway, once I realized about a simple "consignment agreement" I think that is a possible way. Though not sure yet how that works with digital offers.

Many here in that forum find my idea idiotic or (even believe I'd try to scam anybody) but nothing of what has been written so far was clearly disproving the validity of my idea.

Can I fail with this idea?

For sure..

..so what?

The sun will rise again tomorrow.

Yet, if somebody has some real insights and would share them, then I welcome it.

Re: Renting other people's PayPal accounts legally possible?
 

It depends on your setup and agreement contracts. You better ask a professional accountment/lawyer to check the PP TOS

Re: Renting other people's PayPal accounts legally possible?
 

If you are in HK. so have more way to use without Paypal?

Re: Renting other people's PayPal accounts legally possible?
 

So if I get this right what the OP is actually suggesting or offering isn’t actually to rent PP accounts as he puts it but rather is simply looking for “resellers” of his “digital product” for a 3% commission since he’s sales are limited by his own PP account limitation?

If that is correct then you’ve prob come asking in the wrong place. Most stealthers source, supply and manage the entire chain and won’t simply resell someone else product and not certainly for a lousy 3% commission! You assume such resellers would also get the same success of $4-40k odd in sales. In which case since it’s there fully business setup and their PP account(s). What’s actually stopping them for scamming you? They could Keep all of the money and disappear from the net entirely as far as your concerned since such accounts will be stealth.

If I’m incorrect about the above assumption then it sounds like what most of mentioned which is the use of someone else account to pay money to be paid back is money laundering no matter how you paint it and is highly illegal and both you and said “partners” risk there businesses and more and equates to utter stupidity!

Re: Renting other people's PayPal accounts legally possible?
 

Do NOT get involved in money laundering - the government do not like plebs muscling in on their turf