How to save Bank Accounts ?

[Mr.Sanetor]

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

[zamzam]

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

[JamesNorth101]

Yep just add it when you think the account is strong

[Mr.Sanetor]

Originally Posted by JamesNorth101

Yep just add it when you think the account is strong

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.

[JamesNorth101]

Its a case of risk v reward

I have always found its OK to wait a few weeks

[Mr.Sanetor]

Originally Posted by JamesNorth101

Its a case of risk v reward

I have always found its OK to wait a few weeks

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

[JamesNorth101]

Yep sounds spot on

[Mr.Sanetor]

Originally Posted by JamesNorth101

Yep sounds spot on

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

[JamesNorth101]

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

[Mr.Sanetor]

Originally Posted by JamesNorth101

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

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 ?

[JamesNorth101]

Yep they do still accept payments.

[CaptainComedown]

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.

[Bradd]

Thats what i do sometimes is this bad ? why ?

[Mr.Sanetor]

Originally Posted by CaptainComedown

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.

Have you passed any EU receiving limit recently ?