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Business account with stealth details?
 

Hello, how would I upgrade my eBay UK account to a business account with stealth details (in order to sell over 100 items per month)? Is this possible?

Yes it is possible but it does not guarantee that your selling limits will be increased automatically as a result of doing so.

It's all new rules, new game.

Welcome to the forums - NoneOther is correct - you can try but it may not automatically lift the limits.

Best to go with slow reputable activity. All the best.

Also depending on what you are selling it may even prompt them to ask you to provide supplier invoices and further details about your business.

Tread very carefully is my advice.

I switched the account type, and now it says "Business Seller" but the holds are still there. There must be some way around this?

Sorry to disappoint you but there isn't.

Oh! there is!

Open more ⊗⊗⊗⊗ accounts :thumb:

All right, I know that is a solution, but wouldn't I need more Paypal account to go along with each new eBay account?

I need to sell 100 items per day at least, and was thinking about doing 20 per day from 5 eb/pp account combos. Could I really just open 5 new bank accounts in one go?

For me I suggest 1 eb to 1 pp.

You always need to be thinking ahead.

If you need 5 make 10 etc.

Wow, I wrote 5 up there. It was really late. I meant 25 accounts, but would I really be able to open 25 bank accounts? That seems to be the main limiting factor.

Yes, if your savvy enough.

How do you recommend I go about opening that many accounts?

Still wishing I could get my head round this problem im still having with being able to get that many bank account ! hmm :ranger:

You cannot open 25 private bank accounts without attracting attention. In order to get where you are trying to get you will need to invest a significant amount of money on each account - in excess of £200 - it can be done but it's devilishly expensive and you really do need all your little ducks in a row.

Suggest you start with one and go from there - you need a serious dose of thinking outside the box to get this one to fly

:ranger:

Do you mean withdrawals into the accounts?

What number of 'private accounts' would you recommend before questions are asked?

No - that was set up costs

I cannot advise on the number of private accounts you can open as I don't have the experience or knowledge - sorry

:ranger:

Would a business account with the bank be any better?

IMO business accounts are always better

:ranger:

Do you have any recommendations?

Nobody can answer that because how many you can eventually have would be down to your personal circumstances and also how previous and existing accounts are being run.

Why would a private individual need 25 bank accounts, they wouldn't.

It's not the number of accounts that's the key but the type of accounts.

As GT says......time to step outside the box to think :confused:

BTW I'd check your maths on that if I were you

To sell 100 items a day at 20 per account = 5 accounts not 25 :>

Your first calculation was correct :thumb:

I know that, but to do it throughout the month almost continuously is why I came up with 25. I would use a set of 5 per day, the next set the next day and so on, until I got to about 25 days in the month and used up my allowance. Then I would use the remaining days in the month to take time off/restock.

Same stealth criteria would apply to business accounts as it would for private accounts

There's a saying........Rome wasn't built in a day.

Neither are successful businesses.

I'm afraid my way would be far too expensive for the limited amount you are selling.

:ranger:

But you do not even know the value of those 100 items that I intend to sell per day, lol. Could you please disclose your method?

And which business accounts would you recommend?

SO what is so critical to your selling life you need to sell 100 items a day instantly?

I dont think the OP is thinking 'business', think they are trying to make a 'quick buck' and personally this always ends up going bad!

No, I intend to turn this into a business and into a living, and then quit my job and work from home. I have the stock now so just wanted to start as soon as I could. I will take it slowly for now but do intend to sell that many at some point.

Spread sales across many accounts to avoid closure headaches.

I would hazard a guess at no more the £1 a pop

Why would anyone disclose their business model to you?

By business accounts I assume you are referring to bank business accounts?

Search for suitable banks on the forum, the ones that are most recommended for private use are true also for business use.

There are many on here who have deep regrets about doing just that, putting their faith in e/b to make their living and from the content of your posts I guess you might end up one of them too

Very true..I use eBay to top up my salary from work! Its great.. I work harder probably for my own business than I do at my full time job!

Guess again. £12 each for the cheapest item that I would be selling. So how the heck is that not enough at 100 per day?

And he says "I'm afraid my way would be far too expensive for the limited amount you are selling." So why advertise it if you have no intention of sharing it?

Far as I recall forum is for grown-ups.

If you dont like a reply, use the report button.:peace:

Elijah

my advice would be to start off with 2 or 3 accounts

set them up,get a feel for it,then another 3

no quick fixes in this game,the sooner you realize that the better you will feel

ppl who rush things always get hit,business account or not

business accounts dont mean you dont get looked at or get any special treatment

maybe after some time but not from the off

All right then. I have read that some business bank accounts allow you to open sub-accounts underthem, which could be used for stealth purposes. Would anybody know which ones in the UK allow this?

Where did you read that?

I think you are refering to the fact that payments can be made into a business account under other names - provided of course that your bank are happy with that.

On our farm account we can receive payments from our Egg company, our livestock company and a farmers market account that we have. The point being the bank know us, know how we operate and know where the money is coming from. (The fact we owe them squillions of quids also helps)

But it's all on the same account number - just different trading names for cheques inward etc.

:ranger:

Elijah, you are trying to do far too many things at once from a great height without a solid foundation in place to support that base from the outset.

Build your basic foundation, get that right & build from there.

:thumb: