cashing out many pp accounts?

[petrovich]

Hey guys,
So i have a question for all of you that run a lot of multiple pp accounts (10+). I am assuming they get suspended pretty quick, 2-3 months. How do you guys cash out with them? I don't want to open up 20-30 bank accounts on my name a year, not a good idea. I also don't want to use ccnow and have thousands of dollars come into my bank account. What other options do i have? Any input/ideas would be appreciated.

Thanks.

[jbluntz]

Open up some accounts, rent some mailboxes(not p.o. boxes), let the accounts age for 60 days and order paypal debit cards.

[GreenBean]

^^^^Too late for that little number. The paypal debit card now needs the last four digits of the SSN
SSN and date of birth needed for Paypal debit card

OP, you are narrow in your thinking. If you are doing that volume of money, then move well away from paypal. Look into merchant accounts. Firstly it will depend on the items you sell as some are not acceptable for merchant accounts. Secondly if you have a merchant account, then after the initial holds, the money comes to you.

If you are still going to use paypal then you have other options.PM me if you like

[aking]

Im sure there's not many people getting Paypal debit cards anymore.

[petrovich]

Even with merchant accounts the money still goes into the bank account. I was wondering if anyone has a better way?

[JMoxon569]

I was thinking that since Walmart.com accepts Paypal, maybe you can order e-giftcards to get the money out..

[petrovich]

thats a good idea, do you know if walmart will ship to any adress or confirmed only?

[coffee]

e-giftcards can be sent to your email.

[petrovich]

but do they have visa/amex/master egiftcards or only store ones?

[doughboykilla]

I cant find any egiftcards on walmart.com all i see is giftcards which is mailed to the buyer

[petrovich]

i found egiftcards on walmart.com however they are for walmart only, not visa/amex/etc

[doughboykilla]

do u got a link for them? what u do is u buy this under stelth paypals then once u get them by email use a legit ebay and paypal to resell them to ebayers then u got cash in your paypal

[boondoggle]

Originally Posted by petrovich

Even with merchant accounts the money still goes into the bank account. I was wondering if anyone has a better way?

Yes, but you only need one merchant account to one bank account for all ebay accounts for all your sales

[petrovich]

yeah, i get that. but what about uncle sam? If you have too much going through your bank monthly it will trigger them to look at it, no?

[First Edition]

Originally Posted by petrovich

yeah, i get that. but what about uncle sam? If you have too much going through your bank monthly it will trigger them to look at it, no?

Electronic transactions don't cause what a bank refers to as suspicious activity. However, opening up a lot of bank accounts will. Then they're required to report your behavior to the FBI, if the deem it as suspicious. However, if you're not doing anything illegal, I wouldn't worry about it. This is in place to prevent drug dealers from laundering money. A good working relationship with your bank will prevent this. Some businesses open up thousands of accounts in a year. This isn't unusual in certain circumstances. Failing to report income will result in some serious jail time, but odds are if someone is looking at you, they're probably speed dialing the IRS even if your legit.