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What Is Your Take On....
 

Selling with legit account...

Account I am selling on now has legit info, paypal is SSN verified, February I did 67k in sales...January was 50-something. Anyhow, selling limits are 75/40k...why the hell the item limit is so low, I do not know...but that's what they are giving me.

I always follow rules and policies, except I circumvent selling limits Now after my encounter with this professional buyer, I am having a slight change of heart with ebay.

I am far beyond the 20k threshold for IRS reporting on paypal....BUT I have not reached the 200 transaction mark. I am considering selling to right under 200 transactions, maxing it out this month and then just stopping sales on this account....that way nothing is reported to the IRS. On the other hand, I have already gone pretty far with this account in less than 5 months...

Wondering what your input would be as far as what you'd do....continue to sell as much as possible until ebay one day gives the ban hammer then have sales reported to the IRS at the end of the year....OR stop selling on this account under 200 transactions on paypal so sales are not reported and just move on to another account.

There are pros and cons to either choice...I am starting to resent ebay moreso than before. Really exhausting.

If you know the items won't bring trouble i'm all for it. Just know you only get 1 shot. So make sure you know what your doing.

And just so you know, its either 20k in sales or 200 items and not both.


And....... wait.... 67k sales in a month? 50k in the other? If this is what you average a month, are you a millionaire?

Well there were replies before I finished typing lol....I just didn't want my post showing to non-subscribed.

I do 5 figures every month (non Ebay) but I wouldn't go back to a real account even if they paid me.

I see no reason to. Maybe someone can give us a reason.

With that said, it appears you may be heading towards a 6 figure month. I may keep that account and start rotating Stealths on new EB accounts.

"Gird your Loins" Google it!

Spread out the sales man. And keep this account going if you can or want to. What will you do if they ban it or shut it down? Why risk it! More accounts = more sales = no limits.

I have one account that goes over 200/20k.

The others are kept under.

Ideally, I think, would be to stay under 200/20k with all accounts.

So you all are suggesting to stay under 200 transactions and just move on to other accounts....even though this is a legit account?

Look it's up to you if you want to go on or not. If it's legit and you can grow it and some day be top ranking in your category then keep it! It will help you.

If I were you and the money is so good. I'd spread out my sales and get more stealths going.

Headaches like the one you just encountered with that buyer would have been avoided if you were stealth.

When you're stealth you no longer have to worry about losing money due to eBay's buyer favoritism.

When you're stealth, you no longer have to worry about miserable f*cks leaving you bad feedback without contacting you.



I could make a list and go on and on about the benefits, but when you're stealth, you have the advantage. For every negative situation the monkey's at ebay cause, you can counteract it. Anytime you can walk away from an account, you leave ebay holding their hand out for their money. Sure, it's fine for them to screw you, but they still expect their money right? With stealth, you can just leave that hand held out, waiting for the payment.

Every time I get screwed by ebay, I walk away from that account, and 90% of the time, the fees ebay is left waiting for, exceeds the bad decision ebay made to cause it.

I have so many accounts, that walking away from an account is like taking out the trash. There will alway's be more trash to take out, so I'm not worried in the least about ever running out of trash.

I have left them with the bill in the past....to the tune or around $10,000 in fees total. Thats not my concern here...the $1600 is done, the buyer is most likely getting away with it so its whatever.

My point is I am able to do do $60k+ a month on this account alone. Ebay and paypal "trust me". February I pushed 30k through paypal within 2 days and withdrew it all with no issue. Of course thats not to say itll continue to happen, but yes this account is profitable and if my limits werent so damn low, I could easily do over 100k per month.

I do have two stealths that need built up....its getting there slowly, but I dont see them being as successful for a few months. This account I am using now is a powerhouse and its only 5 months in...I took big risks because I could provide any and all info ebay and paypal through my way.

So why not sell from 50 accounts?


I had a similar situation, where my sales had increased to the point to where my accounts were drawing major attention strictly because of the volume of sales. My products seem to be a bit riskier than yours from the sounds of it, but back a few years ago, my legit account made it about 6 months. I got hit with the limitations, the works. . .I submitted everything and then made it another 4 months before being suspended.

It was constant headaches. Trying to keep my PS and TRS status, keeping perfect feedback, trying to keep everyone satisfied, kissing ass of ungrateful buyers to secure good feedback. I thought it was great. The cashflow was tremendous, so worth all the effort to keep an account in good standing. I was under the impression that only accounts with TRS with hundreds of positive feedback can generate revenue. The day my suspension came down I felt like one of those wall street guys on ledges during the market crash.

Since becoming stealth, I have tripled my revenue, and cut the headaches in half. Certain aspects are a little more work, I've had to quit my dayjob to be able to do this fulltime but it's really paying off. During the Christmas months I was generating 15k per week profit. Insane money, and without stealth, no way it would have been possible. I expect to make 300k this year as a conservative number. I'm not sure how well this will last for the long-term, only a matter of time before paypal requires SSN for registration like banks do, but for now I'm taking advantage of it, and making plans for the future, when stealth is not an option.

The new improved "Stealth guide slogan" No more worries on losing money due to eBay's buyers! No more miserable f*cks leaving you feedback! 1R$ income! Divorce! Having a bad day! lost your kitty cat? Then this is the book for you! :pound:

I love it man you speak the truth! I have read one post you made and I was like, so relaxed about ebay after reading it and you are right!

Also some of the things you say have eyes watching every word and might have a new policy about things. ;) Just saying not anyone on here but them.


You are just AWESOME! :amen: :thumb:

boost
Nothing is over done over night, takes some work! But with time you will get there. I even told you get many more stealths so you can avoid limits!

That's the thing - sure I can sell on 50 accounts or whatever...but I need to build those accounts, plus that means I need 50 bank accounts and that is not going to happen. I have two stealths and one more with legit info...all have 100/5000 limits. The one with legit info has had stuff sold on it before and has been open since 2011. I am trying to build all of those accounts as well.

I can have a $500k+ year this year continuing with this one account...obviously more if I build my other accounts as well. It's just difficult to make a decision on the best route....obviously sell on the other accounts as well, but I'm wondering if it is beneficial to stick with the one account as a "bread and butter" account and the rest supplement me when I can't sell anymore for the month. You know what I mean?

Yea....avoid limits to an extent. Everything takes time and work, I'm not worried about that...just not sure what I want to do as far as this account goes.

Nothing wrong with having 50 bank accounts. Even though it may seem unusual, I know a person who works at Chase and he said, it's not unusual for clients to have a dozen accounts. Most people don't, but a lot of people have different savings accounts set up for different purposes. A College account, a Vacation account, an account to save down payment, an account for each child etc. . .

You can do this for any branch you choose. I have accounts with BofA, suntrust, chase, wells fargo, usaa, unionbank, usbank, a local credit union and am in the process of opening a couple more probably this weekend. I will start our with 2 accounts with each bank and gradually add an account to each per month, give or take.

What I did was call suntrust and explained that I need quite a few accounts for my home business. I explained that in 2008 I was the victim of fraud and I would like to know if it's possible to have a different account for each person who sends me payments by paypal(they don't know that the accounts are linked to my paypal, they're not that smart). That way if there's ever a act of fraud I know who did it. Seemed perfectly logical to her, she didn't question it and notated the system so that I don't have to explain to any cs reps.

BTW: the person from suntrust told me over the phone that they have clients with over 100 accounts.

The thing that bothers me is that the new accounts have a mere 10/750 limit. sure it may increase after 90 days or so and will be worth it in the long run say you have 5 stealths with all 10 items per month and they all increase after 90 days to about 50 thats great but it just seems kinda long, but im not complaining cos il be doing it :)

Tell me about it. I know the day will be coming. I'm just hoping I can keep going for a few more years which seems like decent odds.

I could sell elsewhere, but nothing comes remotely close to ebay. Amazon doesn't touch ebay for what I do.

I could open my own website, and probably become big enough to compete with the big guys in the same field. That's my goal, and will be coming in the next couple years I believe. I just need the cash flow to get it going big, because the only way I can compete is to go very big. The top company has little competition, they own the market, so to generate competition, I'd have to come out guns blazing.

I've done my research and based on my connections I believe I can offer the same product at a substantially less price and also offer different products that they haven't thought of yet. Basically, I can steal a lot of their idea's and expand upon it. I'd need about a half million to get it going, so that's my goal. Hopefully 2 or 3 more years at this rate on ebay and I should be ok.

Changes don't happen too fast on ebay, so if that day does come, we should hear about it before hand.

That's what I wanted to hear when I was down a few days ago! Yup nothing is forever! But I made things forever to last! A few steps ahead of their system just in case!

Please MAKE IT HAPPEN!!!! It's not so hard in the US Try being in my spot!

Build up those limits. $1 store thread!

So get that $500k+ a year. How about keep this account that you got! Plus work on 25 other stealths. take it 1 stealth step at a time!

Ha, I have 15 accounts at Chase, so far. I talked with the manager, some young guy about 27.

I told him exactly what I was doing. I needed these accounts for PP and the deposits would be in different names.

Chase Manager: Cool. I don't care how many accounts you open. Just understand that you have to pay a fee for EACH account.

Roscoe: Of course I understand the fees are per account.

Chase Manager: Did you want to open those 30 accounts Today? :eek:

Roscoe: No thanks, I'm not ready yet. How about we do 5.

Chase Manager: Cool. Should I use the info from your other account to open these 5?

Roscoe: Absolutely

Nice!! Chase is great.

I think Chase is THE best. I stopped opening accounts there because regardless of what that manager stated I didn't want to have all my eggs in one basket.

I also have BOA, they are probably 2nd in my books.

Now looking at Credit Unions. Some are very liberal with their guidelines. Plus low fees and tons of benefits.

BTW, I transfer all monies out of Chase and BOA within 24 hours. Don't want to log in one day and see accounts frozen, aka PayPal. :smash:

Learned my lesson from PP, real hard.

They froze your bank accounts?

PP froze my PP account with a ton of money in it, enough to buy a nice Mercedes.

But previous to that happening I had done a withdrawal for $4,000.00

I transfered the money out of my bank account that day (lke I normally do) then PP tried to Reverse the funds the following day.

At the time (about 18 months ago) I was very naive about PP (never read the TOS) because I never had any problems with them. Had my account since 2002.

I had a business LLC account fully documented. It was a real business.

PP didn't freeze my Bank accounts but had I not transferred the money out I could have had bounced checks, debits, etc...

I closed that Bank account that day.

I have Chase - I know the manager there and a few of the bankers...they all love when I come in. Opening more accounts isn't a problem. The thing that's the problem is building all of the accounts up...I will work on the 3 I have now and once those get up to par, I will be good...until that 200 transaction mark anyway.

As far as moving off of ebay...not for a while. Sad thing is, you can find what I sell cheaper on the internet or store but people flock to ebay and bid it up and end up paying more. Works for me. :clap:

With buyers who are willing to do this why would anyone ever leave it.

I love it when two or three bid each other up in the last few minutes.

I love watching the cat fight to bid my items up in huge chunks.

Puts $$ on my eyes.

Good for you boost!!

I love watching last minute bidding wars...I've had several instances where they ask me if I have another of the same item and that they'd like to purchase. Sometimes people take second chance offers right away when I send them out.

I had an awesome bidding war on an item recently when the winner wrote me right away after the auction ended and I sent the invoice.

Please cancel my bid, I did not know that I would win this item and bid by mistake and I dont want this item for this price.

Proceeded to file a NPB and of course here comes the message. I do not want this item and because my bid was a mistake I am not longer obligated to take it.

Oooook.

Sent second chance to back up bidder who took it for 3x the current market value.

Blocked idiot buyer and walked away happy.

Bidding wars make us both money!

I had one like that...! He bid within the last 2 minutes of the auction. Wins, then less than 10 minutes after the auction ends he says he can't purchase the item like he intended because his bank account is frozen due to suspicious activity.
I ignored his message and waited the painful 4 days...filed NPB and waited another 4 days. Finally closed it out and got my fees - buyer never contacted me during the whole time the NPB case was open.

I kept checking his feedback to find he bought other stuff just a couple days after winning my auction. Whatever, no matter...I sold it anyways to the next highest bidder, which was only a few bucks cheaper.

Legit can work but keep in mind that you should still have LINKFREE backups. If your main account ever goes down, you have burned your personal info with eb or pp forever (give or take).

It appears to me you are hanging ALL your hopes on this one account carrying you to success.

The risk I see is that doing this will carry you to martyrdom.

Not for one moment do I feel that ebay will not at any time turn around and zap you. Your legitimate info, your hard work are going to mean not one naffin' iota. Know of far too many others whose untouchable accounts were killed.

I've noticed in a couple of posts you have said, it's exhausting. Well, it is. I would suggest, boost, that you hold off on making choices for a couple of days.

I am not sure you are in a good enough place to finally pick a course of action to deal with ebay. I am not saying you can not do so. Get thro' this drama with the theft by that buyer.

Reappraise what you will do, after recharging your batteries.

Just let me remind you. ebay will strangle you. They will do so regardless of what info is on the account. Appreciate that happening, then decide. Do not rush.
:peace:

I know it is inevitable that one day ebay will give me the hammer. I KNOW this...that is kind of what I am wanting some input on. Should I keep selling on this account until they kill it, having the paypal earnings reported to the EYE ARE ESS, or should I just stop before the 200 transactions and move on? I am not trying to say oh yes this account will last forever so it's such a hard decision....no, I am saying should I keep going until the inevitable happens OR should I stop while ahead and move to other accounts and NOT let this one go over the 200 transactions for earnings reporting.

Why dont you spread sales over several accounts and keep the transactions away from maxing out?

Because he appears to be asking about the one account.

from what I read, he knows about making others.

His main issue, and pertinent to the thread, is WHAT TO DO WITH THIS ACCOUNT.

Banks are just as bad as Paypal. The good thing is there is many of them, so if one shuts you down, you move on to the next.

They also don't sit on your funds for 6 months, and will usually give you a 30 day notice to clear your "desk".

Just going to be done with this account after this month. It'll put me in the ballpark of 200 transactions....maybe I will leave ebay with the bill for the fees :bolt:

Then build up the other accounts...guess we will see what happens.

I've never had a problem with Chase or BOA (knock on wood).

Recently worked with BoA - no issues there