Withdraw Funds From PayPal Stealth Account
OK, I am hoping to find the correct answers on this forum, please keep this simple and to the point.
I have a stealth eBay account as well as a stealth PayPal Account. Both have been up and going for 80+ days, but as I approach the 90 day period in which PayPal funds should no longer be held via eBay, I am more interested in how to withdraw funds.
What I understand, not necessarily fact: In order to verify my stealth PayPal account, I need to have a Bank Account. I am OK with opening a new bank account, in my own name, and I understand the whole micro deposits, ect. Here is what I do not know. I have read that PayPal now makes the two micro deposits and then performs a withdraw in the amount of the two micro deposits added together. Some people state they do this in order to see the name on the bank account when they do the withdraw, others state the name is not an issue.
Question 1: Does anyone know if I do the verification with a bank account in my own name, will they catch it and limit or close the PayPal Account?
Question 2: If I understand correctly, because I will not be able to verify a SSN or TIN with the Stealth Name, I will not be able to get a Debit Card from PayPal to do ATM withdraws, is this true?
Question 3: How much can I safely move through PayPal in sales and withdraws before I need to worry about them limiting and asking for more verification? (I understand the 200 transactions / $20,000 in one year criteria for tax reporting, but it seems like someone else I know who opened a legitimate PayPal Account had to verify after aprox 6K, otherwise they were holding funds for six months and his account would remain limited?)
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