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Getting money out of PayPal without a bank, how?
 

Hi there,

What is the smart way to get money out of paypal if you cant use a bank account?

Buying valuable stuff to resell, is one way. I used to do that buying Canon L lenses from HongKong and selling them locally. You dont lose much of the value, hongkong is much cheaper than local shops. I also bought gold bars and coins on eBay.

But that was 5 years ago. What is the smart way now, any new options? Something that will work everytime and doesnt take ages to set up.

Thanks!

i was expecting some good ideas...

how about using the dodgy paypal to pay for stuff sent by a reputable ebay? will have to be sending to an address different from the paypal address i guess..

no ideas? I know it is impossible to buy Liberty Reserve etc. I am looking into gift cards or possibly egift cards. Or iTunes credit looks feasible, is it?

You could set up a merchant payment processor like CCN ow that accepts pp payments - you will lose 5% but, if executed well, you can have your money.

Other than that, yes buying stuff works.

These days, I buy stuff I was going to buy in shops anyway so I have a few accounts that are for buying cloths, some for beauty products (well toothpaste etc), some I use for daily consumables like paper/ink etc..... the list goes on.

That way, your yearly personal living expenses get cut down heavily and very quickly one will notice a nice difference.

Just my opinions, depends on your needs - some prefer physical cash so need to transfer the money - I like both :)

Buying items that you can resell for a profit is a great idea if you can find the items on ebay.

I used to sit and scour for hours buying items by a boat load but not anymore. The real good buys just are not there in my area anymore.

Are you thinking of sending from one pp to another pp to buy?

And do you have an address to the buying pp that items can be shipped to so you are not linked in any way?

if anyone want to pay fee hosting domain etc...go to sell your paypal.

how about just buying these kind of things? Can later sell them through whatever.
http://www.ebay.com/itm/300-WALMART-...item53e8e8a8b9

I would buy with a safe ebay account that doesnt have a paypal attached. And then pay with the unsafe paypal. Would that work? As long as the seller doesnt require immediate payment that should be ok, right??

I'm new to this so please bear with me :-)

Could you transfer your sales money from the stealth p.pal to the good p.pal and then withdraw direct to bank account, thus saving having to open new bank accounts each time you open a new p.pal, or have I got the wrong end of the stick completely?

Yes you can but you have to use your loaf - Alps and his 1 liners