| asphyx | 04-15-2011 05:12 PM |
I got a PM today, just wanted to share the reply:
as far as I know when you open a brand new pp account (to any name) it is obviously un-verified but you still have £650 to withdraw to a bank account.
If you go to "withdraw money" it will prompt you to add a bank account as you don't have one yet. You enter the details of your e-saver ticking where it says "saving" (there is actually the option to withdraw to a saving account) and initiate the withdrawal. It can be on any name it doesn't matter as long as the bank acc/sort code match (an the name of the bank with the address too).
This way you can normally withdraw £650 before you have to verify it. Once I reach the limit I usually dump the pp acc and open a new saver online to be linked to a new paypal account ready to accept it. £650 after £650... been doing it for over a year using 6 ebay accounts, multiple pp acc and several e-savers. It doesn't generate a huge amount of money but it is quite painless, no verifications, phone calls etc...
The downside is that you cannot sell in foreign ebay sites as the pp acc is not verified, also being the pp acc quite new sometimes you get the 21days hold (depending on the performance of the ebay acc) and you end up with A LOT OF e-savers with £650 each.
Apart from the above this system seems to work OK to make some cash money.
The only bank I got a withdrawal rejected from so far is the yorkshire building society, all the other e-savers have accepted happily their share of withdrawal with mis-matching names.
In my opening post I was asking if it is possible to link a cash ISA as in the system described above. I know the e-savers don't care about a mis-matching name but how about the ISAs..? | 
