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Buying/selling account for purchases, using a Barclays saver…
 

I want to create a stealth buying/selling account (eB +PP), that will sell goods in order to pay for my purchases on eB, and paying for my purchases with the PP balance.

The question is can I do this successfully, using a Barclays saving account (just for the verification part of stealth)?

I understand using a Barclays savings account has its limitations when it comes to withdrawals, but I ONLY want to make purchases and pay eB fees with the PP balance on this particular account, and will never use it for withdrawals.

I’ll be using a VCC, Barclays saver and will have access to an address for deliveries.

Do you guys think this can be done? Have I missed anything out here?

How do you plan on funding the pp to buy things and stuff.

what limitations do they have regards to withdrawal or do you mean ISA ?

Adding any savers to pp can be a little complex.

Tip : a savers that accepts DD postoffice.

I aim to fund the account by sales of non risky items.

No limitation other than I only want to purchase goods on this particular stealth, and have no reason to ever make a withdrawal.

I've read a little that it can be a tricky i.e. add the saver, send the deposits, then remove the saver straight away before it gets kicked for not be able to accept the DD. But in this case as I have no need to ever make a withdrawal with this account, will I have ever have to add a bank account to it, or have I done enough in the eyes of PP to remain verified?

You still have the sending and receiving limits to contend with which will need the account to be verified and ID supplied otherwise your usage of it is going to be fairly restricted in terms of how much that can pass through it.

yes it can be done, as long as you are clear that you do never fund the PP account from you bnk balance.

OK, I'll have the ID docs, proof of address docs and suppliers info for all the stuff I intend to sell, in order to lift the limits.

With all this ready, do you guys think this stealth will work as the saver will be removed, but everything else will be in place?

Remember that ALL funds will come from the sales from this stealth set up, and I DO NOT want to make any withdrawals from this particular account and DO NOT wish to fund the PP from a bank account, its just to pay for my eB purchases and eB fees. So simply put, there will NO bank activity on this stealth other than to verify.

Yes it is possible to run this way.

Good luck

Thanks for the advice..