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-   -   Using E-currency exchangers for Paypal withdrawal (https://www.aspkin.com/forums/subscriber-discussions/48338-using-e-currency-exchangers-paypal-withdrawal.html)

BubbleTea 07-07-2012 05:06 PM

Using E-currency exchangers for Paypal withdrawal
 
I wonder if anyone has tried using those e-currency exchangers as a withdrawal solution for their Paypal account?
There are these exchangers where you can exchange your Paypal money to e-currencies such as liberty reserve, etc.
Do you think this will work as a permanent solution?
There are sites where you can exchange the currency with other people so Paypal would see you sending money to different people each time.
Will this be a red flag or an issue of worry to Paypal?

Jfrase 07-07-2012 07:49 PM

I would not recommend going down that route.

If paypal finds out that those guys are exchanging currencies their account will be hit and so can yours.

Better is to for example buy some virtual goods with paypal that you can resell.

Think : Various game gold.

Back in the day I would buy runescape gold and then resold it . Paid with paypal and resold it as wire/WU/LR.

And for every $1000 worth I would buy I would get back $1200 or so.

GreenBean 07-07-2012 07:51 PM

paypal and permanent solution in the same sentence?

That would be a NO.

paypal transactions need to be from a variety of sources. No one is any better than another.

E-currency exchanges are flagged :brushteeth:

Jfrase 07-07-2012 09:10 PM

And also I know of some instances where paypal keep the exchange currency guys account open, but hits only those who send them money.


Basically its a good way for them to see who is "stealthing"

BubbleTea 07-08-2012 01:21 PM

Thanks for the replies.
I see this not a good solution.
Jfrase, I will look into that gold thing... thanks.

Another idea....
How about transferring the PP money to trading accounts?
Things like forex, stocks, commodities, precious metals, etc. trading accounts.
I'm talking about govt-agency regulated legitimate trading accounts.
Though I must confess at this point, I haven't looked into them and I'm not sure if any of them accept Paypal.

Jfrase 07-08-2012 05:23 PM

Thing with trading accounts is that it is harder to find good platforms that accept paypal and allow withdrawing with bank account. In order to prevent money laundering they often tell you that you can withdraw to same source you deposited. Now there is way around as well . For obvious reasons I can not share it publicly though. It was possible back in the day though to deposit via paypal and withdraw to bank.


But money launderers were using them.


Anyways more hassle then its worth.


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