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-   -   Need to find a way to cash out from Paypal (https://www.aspkin.com/forums/uk-ebay-paypal/120951-need-find-way-cash-out-paypal.html)

slyvukai 10-17-2018 02:32 PM

Need to find a way to cash out from Paypal
 
I use Ebay.co.uk and European Paypal with my real name. Selling stuff. But I don't want to send money from Paypal to bank in my country (and pay taxes).
Been browsing a lot could not find a solution. Maybe you guys now.
What is the best way to get money from Paypal not sending to my bank account in home country? Maybe having some kind of bank account in another country connecting it to Paypal then get plastic card from them and take cash from ATM at home? Do you guys do it and could inform which bank to use?
What about leopay.eu?

On another hand not sure if our government can check all European banks be default with few cliks. Because if they can (which I doubt) there is no point doing than.

Or maybe there is thread about it could give the link.? Thanks

slokor 10-17-2018 03:25 PM

Re: Need to find a way to cash out from Paypal
 
Maybe try to look at buying bitcoin with your paypal funds.
Wont be cheap or simple but worth researching.

agnostixxx 10-18-2018 10:08 AM

Re: Need to find a way to cash out from Paypal
 
yeah, bitcoins will be the best options
check localbitcoins.net
OR arrange a change with someone else here. There is no official exchange at this forum at the moment, but almost everybody is concerned with similar issues like you, so...

Play 10-18-2018 07:05 PM

Re: Need to find a way to cash out from Paypal
 
Converting to bitcoin, then converting back to avoid taxes will most likely cost you more, needless to say what a hassle it can be. You're better off paying your taxes. :)

just_smile 10-19-2018 02:57 AM

Re: Need to find a way to cash out from Paypal
 
Judging by the rates of these 'exchangers' you're better off paying your taxes.

Unless you're doing some really shady sh*t, no one legit is going to use these guys with the fees they charge.

keindeezy 10-19-2018 12:04 PM

Re: Need to find a way to cash out from Paypal
 

mexi 10-19-2018 12:59 PM

Re: Need to find a way to cash out from Paypal
 
The government can ask PayPal information about your income and I think they get what they want. I heard Neteller don't give information for government.
Friend's using Leopay at this moment and seems everything okay,don't pay tax.

agnostixxx 10-19-2018 03:26 PM

Re: Need to find a way to cash out from Paypal
 
I think its fair enough to exchange Paypal to BTC at ~10% rate. Then you can sell BTCat localbitcoins.com with rate even better, then actual one.
Its not fairytales guys.
For sure, it doesn't worth it to change at overall 30-50% (its stupid)

JamesNorth101 10-20-2018 09:27 AM

Re: Need to find a way to cash out from Paypal
 
Using some of the PP to BTC exchanges with the % you can end up paying you really are better off just doing things the right away and paying tax

Haldeve 10-22-2018 04:48 PM

Re: Need to find a way to cash out from Paypal
 
Its funny how people actually think he is asking for a cash out method just to avoid "Taxes" lol

Play 10-22-2018 04:56 PM

Re: Need to find a way to cash out from Paypal
 
Quote:

Originally Posted by Haldeve (Post 951776)
Its funny how people actually think he is asking for a cash out method just to avoid "Taxes" lol

OP did mention this...

Quote:

I use Ebay.co.uk and European Paypal with my real name.
If you think otherwise, just don't help. :)

saadra 10-23-2018 09:13 AM

Re: Need to find a way to cash out from Paypal
 
It's difficult because PayPal has such a high risk of charge back.

One method that worked for me in the past was someone made a savings account and gave me the details to attach to my paypal account. I then withdrew the funds to the savings account, and the person gave me an entropay vcc with 90% of the money

To avoid being scammed, I initially withdrew the funds like £50 at a time

sax4 10-23-2018 09:19 AM

Re: Need to find a way to cash out from Paypal
 
Bitcoin is a nice method, but you can also try buying stuff, hopefully something that you can sell quickly and not lose too much money, silver coins, gold coins, FMCG etc

@NasterXchange 01-09-2019 08:29 PM

Re: Need to find a way to cash out from Paypal
 
Quote:

Originally Posted by agnostixxx (Post 951129)
I think its fair enough to exchange Paypal to BTC at ~10% rate. Then you can sell BTCat localbitcoins.com with rate even better, then actual one.
Its not fairytales guys.
For sure, it doesn't worth it to change at overall 30-50% (its stupid)

Agreed with this statement.
These are the kind of fees people will find on sites like localbitcoin these days.
Also you can buy BTC and trade with.


Quote:

Originally Posted by sax4 (Post 951908)
Bitcoin is a nice method, but you can also try buying stuff, hopefully something that you can sell quickly and not lose too much money, silver coins, gold coins, FMCG etc

Also not bad.


Finally, use STEALTH.


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