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Transfer money from stealth to real...
 

Afternoon peeps! Yes, you read my thread title right...

I know its most definitely NOT recommended to transfer between accounts but here is my problem...

I'll have around 15 stealth accounts each with between £500-£1000 per month. I don't want to be opening and closing so many bank accounts each month so I'm looking at ways to funnel the money from the stealth accounts to a real account to withdraw.

I was thinking of building a small website with my real PP (or would you recommend a merchant account?) as a payment method. Then as you probably guessed, use the stealth accounts to buy and pay for items from the site.

As I stated at the beginning of this thread, I know its most definitely NOT recommended to transfer money between accounts but I need a more practical way of getting funds out of stealth accounts than opening and closing so many banks per month.

Thanks guys and gals,
MrLaaaaa

Re: Transfer money from stealth to real...
 

So why would you need to open and close all these bank accounts each month unless you were operating your stealths as 'hit and runs'?:noidea:

Re: Transfer money from stealth to real...
 

Hi realdeals, thanks for your fast response. The items I sell are of high value and therefore the stealth accounts will hit the EU limits quite quickly. I'm also looking at buying accounts from members off here with EU limits removed as a better option to my problem.

Thanks, MrLaaaaa

Re: Transfer money from stealth to real...
 

Of course that is a far better option. UK not like US where you can get virtually unlimited number of accounts.

Re: Transfer money from stealth to real...
 

I agree realdeals, my plan is to buy 2 stealth accounts off here per month starting next month and slowly build a collection of 'all limits lifted' stealth accounts.

My problem at the moment is, although I can create stealth accounts...they will have the EU limits in place and therefore will only last a month or two at the most before PP ask for docs. I would keep all the accounts that hit their limit in a database for next year when the account limit is reset and re-use them or even sell them on as aged accounts!

Any idea's/solutions/methods are welcome!

MrLaaaaa

Re: Transfer money from stealth to real...
 

There are ways to lift EU limits. Search the forum :thumb:

Re: Transfer money from stealth to real...
 

Hi Dawidck, I'm in the UK and since December PP have changed their EU limit restriction process. Once an account hits the limit we have to upload passport/drivers licence, proof of address docs etc...I don't have the time or knowledge to be getting creative.

Re: Transfer money from stealth to real...
 

Fair enough, if you rather spend money on accounts than go for it :)

Re: Transfer money from stealth to real...
 

I think its the best option in the long run to be honest. But its going to take me quite a while to obtain so many 'all limits removed' accounts. So for the time being I'm stuck with two options; Either open 15 savings accounts every month or two which is something I really don't want to be doing. Or funnel the money to a real account by using a website to buy items using the stealth accounts...I'm usually good at problem solving but really need some help on this one.

MrLaaaaa

Re: Transfer money from stealth to real...
 

Or you could ask one of the account sellers to prepare docs for your existing accounts instead of paying for "all limits removed" accounts.
I dont think 15 saving accounts each month is a good idea...

Re: Transfer money from stealth to real...
 

Yeah I could ask one of the marketplace sellers to provide me with documents for my accounts, that is if they are willing to provide documents to accounts that they have not supplied. Thanks for the advice Dawidck, something I will be looking into.

Regards, MrLaaaaa

Re: Transfer money from stealth to real...
 

If you are pulling in £15k/$25k of sales each month, then I am sure you will not find it hard to find a seller in the marketplace to match your needs. ;)

Re: Transfer money from stealth to real...
 

An average of 10k in sales yes, but I have to payout 60-70% of that for the products I sell so profit is alot smaller than you are thinking. But thanks for the advice realdeals.

MrLaaaaa

Re: Transfer money from stealth to real...
 

Fantasy Island.

Episode 3

Re: Transfer money from stealth to real...
 

Im asking for possible methods to save creating so many bank accounts GreenBean, not sarcastic remarks. However I have found that creating savers accounts is very easy to do with my bank so might just stick to the standard stealth process.

MrLaaaaa

Re: Transfer money from stealth to real...
 

Was not directed at you
Avoid making assumptions.

:boink: