Forum

I have a plan
 

Sort of newbie here (registered few weeks ago, analysed loads of threads and read the book). Looking forward to understanding more and hopefully sharing experience.

I need your expertise :hail: could you please have a look at what I call 'plan' ?

Background: I used to sell high value used, unique items (usually $250-$500) as a private seller. At some point became Business Seller and went for Premium PP account. Unfortunately got not satisfactory performance based warning and my seller's account became limited to 40 items. Not so bad but prefer to cool down the accounts for a year rather than being suspended because of an aggressive buyer whatsoever. Started to dig through this fantastic forum (thank you lads and guys!!!) searching for the formula of serious, stable stealth accounts. I own a sole-trader type company (registered in my name). This is what I'm going to do:

1. Set up a website/shop 'selling' my stuff.

2. Create few sub-accounts in my company's account

2. Register stealth business PP account acting as an employee of existing (friend's) ltd company.

3. Activate PP payments in the 'webshop' in order to justify my future PP income.

4. Get PP verified with:
4.1 my company's bank sub-account (can you assess the risk?)
4.2 prepaid card (not 100% sure if possible for business account) registered in the name of employee (or friend's company)

5. In case of manual verification I'm able to show friend's company and employee's paperwork.

6. Set up an eB Business Seller account, link it to the above PP account and go STRRRONG!

7. PP funds will be withdrawn to my company's sub-account and the tax will be paid.

If succeed will do it again and again...


Hope there are not many weak points and wishful thinking. Please point out what's wrong or potentially dangerous. Give me some directions. I'm happy to improve so called 'plan' as long as approved by you!

Welcome to the forums - Witam (po polsku).

All the best as you read around - if you understand stealth and can make link-free accounts, then you seem good to go.

Sub-accounts will be linked so keep that in mind.

What are you selling?

All the best.

OK - looking good

Bank and sub accounts - sub accounts must have unique account numbers. I can accept payments into one of my business accounts in various names but the account number stays the same (That's a farm account - nothing to do with Ebay and Paypal)

Everything else looks good but I know little about Polish EB I'm afraid

Thank you! Dziekuje :D

You mean bank sub accounts? I don't think. I got few already (personal ones) from same bank and all have full, individual IBAN numbers. How EB/PP can link bank accounts?


Vintage stuff.

If your sub accounts all have unique IBANs you are good to go

Actually my EB/PP accounts were registered in UK. I'm not familiar with PL EB too.

Would love to create rock-solid, waterproof accounts. Do you find this way (Business accounts) the best?

I only operate business accounts (unless I'm playing of course)

Lovely!

Did you wait several days before buy/sell anything?
Did you take small steps first - few purchases fewer sales or started more like business does with range of products?

I operate everything as a business does - think about that and what it means - I never ever look like a private seller

Playing a role of naive-first-time-ever user is what I was concerned about. Thank you again :)

Too much information for an open forum posting

OK - deleted

One more thing. What about anti money laundering limit. Did they do the same thing to ltd companies? What would they ask for (if)?

They ask for ID to have the seller prove they are who they are.

Driving licence

Utility bill

In the case of a LTD extensive paperwork might be needed.
Another not for open discussion. :nono:

I, for one, do not think transferring funds in that manner frequently will work. You appear to be thinking paypal will 'like' what you want to do. I doubt that will be the case.:ranger:

can you tell me more - just PM'd ?

My bad - kiedy said `sub accounts`thought you meant eB and pp - bank accounts sa dobrze.