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Bank accounts and PP debit cards
 

Hello,

I have a questions about bank accounts and Prepaid debit cards.
Does the US Government track each transaction that goes through your bank account or a pre paid debit card?

i am putting about $2000 per week and withdrawing it from my paypal account and withdrawing it. I am also depositing about $500 weekly on like 4 pre paid debit cards. Will this be tracked? Will the goverment start asking where this money is coming from?

How do people usually withdraw money from their stealth paypal accounts here?

any info would be appreciated.

Re: Bank accounts and PP debit cards
 

they dont track every transaction in the way you put it, but the bank may report you or contact you, re reaching taxable limits...would have thought you know that, it is obvious..

money can only go to a bank from paypal ultimately whichever way you route it...but you can pay a supplier with some of your paypal money which saves it from being withdrawn...

Re: Bank accounts and PP debit cards
 

Withdraw it as you would any PayPal account. It's just money. Make sure to pay your taxes on your profits and you'll be fine.

Cheers!

Re: Bank accounts and PP debit cards
 

Well the reason i ask is because i am buy products from different people trough craigslist and selling them on eBay so i don't have receipts. I don't really know much about taxes so i just don't know what happens when i have to pay taxes at the end of the year. Will i be asked for receipts which i don't have and since i don't will that get me in trouble?

I should probably take a business course.

Re: Bank accounts and PP debit cards
 

If you read thro' the paypal fourm & paypal limited forum, there are heaps of posts on the topic.

Mainly we suggest having a variety of methods to obtain your own funds:

bank transfer
purchasing items

Never EVER consider transfers from stealth to real paypals to avoid links.

Please also keep in mind, you earn money you pay taxes.

:nono:

Re: Bank accounts and PP debit cards
 

Just don't grow a beard or you will be arrested on terrorism charges