Renting other people's PayPal accounts legally possible?

[rsot]

Originally Posted by Revale

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

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

YouTube

YouTube

Nice approach - good luck

[Twisty]

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.

[Revale]

Originally Posted by tinsoldier

You've got serious money to play with and didn't think my advice to see a lawyer was worthy.

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.

[afincho]

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

[fatman]

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

[tmastermind]

Originally Posted by Revale

Hi,

I'm selling my own digital products online. I'm also accepting PayPal payments.
As PP is so popular and has some benefits I'd like to continue using it.

Unfortunately PayPal is currently holding over 36K EUR for 180 days + keeps 40% for over 60 days which is a problem as I need quick access to the money for reinvestment.

I had that idea about "renting" other businesses' PP accounts.
But I want to do it 100% legally.

My question is if there's any kind of contract (e.g. reseller) which would allow somebody to receive payments in their PP account by selling my products and then need to transfer 97% (or so) to and can keep the rest (3%)?

I think you get the idea.

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!

[Bigblackdog]

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