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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

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