| Omgoozle | 04-26-2013 02:41 AM |
ISO Info on P@yPal China
Hi All -I'm an ex-USA stealther who has moved to Asia. I was living in Taiwan for a while but I've moved to China and I'm looking to start making $$ again after the break I've taken for the last year.
This was my USA business model, please tell me if it would work with Chinese PP.
I ran a list service where I sent out quarterly email blasts and people would order from me. I would include my PP information and people would slam my PP account with about 2000 payments ranging from $20-$100 each in 3-6 days. PP obviously has issues with this abnormal seller behavior (which caused me to go stealth in the first place) and the string of limitations would begin. I wouldn't answer any of the limitations, but since I shipped all my products and provided excellent customer service I would rarely get any chargebacks. I would simply wait out the 6 months, and when time was up I would dump the $10-20,000 into my bank account.
The stealth accounts I used were not in my name and did not match my bank records. I would register them as Omgoozle Inc business, etc. I operated with ING successfully for about a year until they made an inquiry to my deposits not in my name and decided not to deal with me anymore. I have found other banks who were far more lienient with this policy and everything was peachy.
Basically - I am looking to do the same exact business model but with a Chinese PP account and Chinese bank. Will this work?
- Do ACH/EFT deposits into Chinese Banks need the names to match?
- Is PP's US limitation policy of 6 months, then you can withdraw your money without verification the same in China?
- What prepaid cards can I use that I am able to register online? It seems like Bank of China is the only one who offers anything close to the USA's Vanilla Visa and I am not sure if I can register it online.
Thanks
Goozle | 
