Forum

Managed payment STRESS
 

Hello all.
Just wanted to start by saying thanks, I've been lurking on the forum for a while and got A TON of free info that made me a lot of money.

That being said...

I don't know about you guys, but I've been pretty stressed about MP

I just stared getting the hang of PayPal stealth and was able to quit my job a few months ago now.. Boom something new and way harder to figure out.

What ideas do you guys have to get your stealth accounts onto MP?
Can you get "creative" with Adyen like PayPal?

Is this the end of stealth?... :(

Whatever ideas ya got... let me know cause I'm more than happy to be the guinea pig and test them out to let you know how it goes.

Thanks and Good luck to you all...

Re: Managed payment STRESS
 

When you convert over to MP, use your real info. As for getting creative, you can't get creative if the sticking point is EIN/SSN those are binding requirements.


End of stealth ? It'll be very similar to what etsy is like. Once MP is fully installed and everyone is required, you'll see on THIS SITE sellers selling accounts like they do on etsy. Everything but the EIN/SSN are provided.

Re: Managed payment STRESS
 

Thanks, Gives me some hope.
When do you think these accounts will be availible to buy?

Re: Managed payment STRESS
 

With managed payments? Probably never on here. MP requires a tax id.

Re: Managed payment STRESS
 

Thankyou - should you use your real info during the mp emrolment process or update in my ebay prior? :)

Re: Managed payment STRESS
 

Use your real info on a stealth account? The names won't match, right? Isn't this impossible?

Re: Managed payment STRESS
 

Best way to get around the MP registration is tp convert your ebay account to business, register a LLC put the address to yours, make it legal. When you convert over to MP they will ask for the company details and EIN number they will also ask who the responsible person for the company is. Put your name and SSN, by this time you should have also opened a business account and you can give them that for payments.

That is probably the easiest way to convert a stealth account over and make it non stealth after the conversion, it works, I have done it.

Re: Managed payment STRESS
 

Does it have to be a business bank account? Can't be a normal say Chase or Wells Fargo account?

Re: Managed payment STRESS
 

You can do that but if the account is not in the LLC name do not MP access the online banking, just say your bank is not listed and put in the routing and account numbers and they will verify using deposits into the accounts

Re: Managed payment STRESS
 

I don’t know about USA accounts but it seems Canadian personal accounts do nothing require you to provide SIN.

Re: Managed payment STRESS
 

Hi degsey69. Thank you for the info!

When you created your LLC, did you create a "single-member LLC" or "Corporation/multi member LLC." I only ask because I saw that that's an option when signing up for MP. Thank you again.

Re: Managed payment STRESS
 

Have you registered into MP (with Canadian account) yet?

Re: Managed payment STRESS
 

How could you use your "real info" on a stealth account? The reason for having a stealth account is for 100% that you already had an account with your real info and this account was suspended, so that's why you made or bought the stealth one. If it was like this that you can use your real info on a new account after suspension then nobody would need a stealth account.

Next thing is that a lot of people having a US stealth account not even live in the US, simply because most sold stealth accounts are from US.

Re: Managed payment STRESS
 

without SSN,SIN or tax id,how does a bank send you a 1099 form at the end of the year?

Re: Managed payment STRESS
 

Bank will send to the address on file - from what I have seen, if the letter comes back as undeliverable and you can't be identified/reached, the account will be suspended/closed until they can reach you.

Re: Managed payment STRESS
 

BUMP; please answer if its single or multi member LLC?

Re: Managed payment STRESS
 

Im just curious why people would quit their job when they eBay starts making good money. eBay or amazon should never be seen as a full time reliable income. At most, it should be a side income. I still rake in £700-£800 a week from eBay and i still stick to my day job (as much as i hate it lol) but the goal is to have consistency and stability in my 20s. I had a 200k a year eBay account until eBay hit me a MC011 on my total legit account. I sent them real ID and real invoices and they still blocked me. So now i just sell on stealth like a piece of cake but it still pisses me off that i lost a 2k feedback account. Once in my 30s with a fat load of cash, i will start investing, and building my OWN company.
I always make it clear to my family and friends, whenevr they see how much i post at the post office and how much i make, that eBay will never be a long term thing.

Re: Managed payment STRESS
 

Youth is wasted on the young.

Re: Managed payment STRESS
 

In the early go go days of EBAY,the profit is so obscene,people did quit their job to do Ebay full time and then regret quitting as more sellers piled in,even those who were buyers turn into sellers,any one can sell on eBAY,entry barrier is very low.
Some really dont have a choice,as they are unemployed,some are retirees downsizing.
I think there are more full time Ebay sellers now,but I agree,you cant really treat Ebay as full time,some do,
Some are disabled,collect disability and do Ebay to supplement their SS disabilitiy income

Re: Managed payment STRESS
 

You can make 100k a year easy on ebay if you know what you are doing. Professional ebayer makes about 50k a month. Most people don't understand the secrets of ebay. Same go for amazon. There is a marketing program you can get and point to product and see how much that person makes selling that product a month you will be surprised. ypps I sad to much already.

Re: Managed payment STRESS
 

when yu said pros make 50K a month,is that after all expenses?
I mean income before tax?

Re: Managed payment STRESS
 

If anybody is finding a way around this they are not letting on.