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How to save Bank Accounts ?
 

Hi everyone,

My question is how to lower the risk of loosing High Street Bank Accounts in case your paypal gets suspended immediately or in it's initial days.

Is there any way you do not link your High Street Bank Account to paypal until it is out of danger zone ?

Thanks in advance

Re: How to save Bank Accounts ?
 

Just dont add the bank account until your sure the account is good

Re: How to save Bank Accounts ?
 

Yep just add it when you think the account is strong :)

Re: How to save Bank Accounts ?
 

But in the book it says add and confirm the bank account on paypal before you even list first item as it makes the account seems like a low risk.

Re: How to save Bank Accounts ?
 

Its a case of risk v reward

I have always found its OK to wait a few weeks

Re: How to save Bank Accounts ?
 

Ok so I should proceed in the following order ?

1. Create a PayPal account
2. Link a VCC
3. Create a eBay account
4. Attach PayPal to eBay
5. Start listing slowly
6. And after few weeks if everything goes okay then attach the bank account

Please advise

Re: How to save Bank Accounts ?
 

Yep sounds spot on :)

Re: How to save Bank Accounts ?
 

That's great.
I have seen in this forum someone said use accounts like uaccount at the beginning and once your paypal is solid then attach a high street bank account.
What's your take on that ?

Btw thanks a lot James :)

Re: How to save Bank Accounts ?
 

I don’t really see the point of that to be honest because then you’re just using two bank accounts when one would do

Re: How to save Bank Accounts ?
 

Would paypal allow us to accept payments from buyers without attaching a single bank account ?
and are two weeks sufficient to check paypal's solidness before attaching the bank account ?

Re: How to save Bank Accounts ?
 

Yep they do still accept payments.

Re: How to save Bank Accounts ?
 

In the past I have ran stealth paypal accounts right up to the EU recieving limit before adding a bank account. I only added the account before the ID docs were approved by paypal. Prior to adding an account I withdrew my funds via cryptocurrency purchases. I have since been told that it is a bit risky to do it this way.

Re: How to save Bank Accounts ?
 

Thats what i do sometimes is this bad ? why ?

Re: How to save Bank Accounts ?
 

Have you passed any EU receiving limit recently ?