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Renting other people's PayPal accounts legally possible?
 

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.

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

I'm guessing they are holding because of the large amount going through - surely even if you managed to find someone it would only be a matter of time before their account was also compromised? For 3%? Hmm.....

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

No there is no such thing.
Good luck finding anyone who would allow you to use their paypal to accept payments that way... I doubt youll find anyone legit to agree.

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

I might have a paypal for an eBay account that got suspended but the paypal is fine

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

3% is not worth the risk,you have to offer more,much more to entice someone

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

I found already 3 people. And they're ok with just 1%. Finding people doesn't seem to be the issue. I just want it to be legal.

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

Seriously, good luck with that.
That's just a scam that's ready to be happen to you

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

This will end in disaster.

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

:doh:............

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

If you heard it from the horse's mouth; the horse is the scammer.

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

May be they mean OP gets 1 % and they keep 99%

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

Ok, go for it.

I think it's best if you learn from experience at this point.

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

It might be legit.Many people would be willing to register a paypal account and confirm taxpayer status, deal with 1099, etc. and run $100,000 through it for $1000 (1%).

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

Of course they would - and they certainly would be happy to hand over the other 99,000 with no questions asked wouldn't they? Erm what's money laundering again?

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

1000 from 100k

Are they dumbstars????

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

Finding the people was not that difficult. I found them already 2 months ago online and bought their personal FB accounts for advertising purpose.

Then I just asked them if I could also rent their business PP accounts. I'd give them about 200 USD per month plus 1%. I knew that they needed money and met them in person.

The first guy said immediately yes. And then even convinced his cousin to give me also his account. I used the first account to receive about 4K USD in payments within 1 week and could transfer 3.4K to me. 600 USD is still on that account and the guy needs to upload his photo ID which he hasn't done yet.

I haven't used his cousin's account yet.

The person behind the third account was more skeptical. I had to explain everything in more detail and talk about the risks of rolling reserves, etc.

At the end I got access and so far it's working well. As soon as money gets to the owner's bank account I get it send to me and receive 99% instantly.

That person wanted to keep more than 1% but I just said that it doesn't make sense because I can have it already cheaper somewhere else.

So far so good.

I just received a contract template from another company which promotes it's products though distributors which charge the customer (payment processing), keep a commission and transfer the rest to the supplier.

I believe I can do basically the same - just with digital products.

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

can you please share the company name? i am also interested in learning more