Best way to withdraw from PayPal?

moneysavvy · May 23, 2011

What is the best way to wash PayPal money? I do not want to withdraw the money straight to by bank account because I don't want any traces back to me.

I know some people use escrow services but they take a large percentage of profit, are there cheap alternatives?

Any help would be appreciated.

BacklinksRadar · May 24, 2011

Why...what did you do ?

download · May 24, 2011

Try "refunding" your money to someone you trust.

theMHR · May 24, 2011

Hi,

Which country are you from? I can tell you the way it can be transfered, but it will be a commission based way. PM me so I can tell you more details.

Thanks

fnd80 · May 24, 2011

isnt this something you should have thought of before you got money sent to your account?

moneysavvy · May 24, 2011

Just to clarify, I sell on ebay with a few stealth accounts. right now i just send the money from my stealth pay pal accounts to a paypal account with my real bank information.

However, I want to be completely stealth so instead of sending the money directly to my pay pal account with my real information, Is there something that I can do so that there will be mo traces back to me?

Ive heard that people buy gift cards online for stores like walmart, and then they just pick up the cards in store. I might consider this but are there any other options?

Shadexpwn · May 24, 2011

Get a paypal mastercard or whatever the hell it is and go to an atm and withdraw the limit, it might be 300 or 500 a day and repeat.

moneysavvy · May 24, 2011

download said:
Try "refunding" your money to someone you trust.

So I invoice someone I know for the amount that I have in my account, and then refund them? I dont understand. Wont it be strange if im constantly refunding people?

moneysavvy · May 24, 2011

Shadexpwn said:
Get a paypal mastercard or whatever the hell it is and go to an atm and withdraw the limit, it might be 300 or 500 a day and repeat.

My stealth accounts have fake addresses so I cant order a paypal debit card.

BuyLowSellHigh · May 24, 2011

My idea has always been... Setup a merchant service with low fees. Make a website that you can "buy things from" but you are really sending yourself the money. Maybe Google Checkout??????

oxonbeef · May 24, 2011

BuyLowSellHigh said:
My idea has always been... Setup a merchant service with low fees. Make a website that you can "buy things from" but you are really sending yourself the money. Maybe Google Checkout??????

You don't think anyone would notice you are spending your account balance
at the same place and find a trail?
Then you would need to set up a stealth merchant account which defeats the
purpose.

seoguy81 · May 24, 2011

Why don't you open vendor account at say elance and pay yourself for the services. Of course this would mean opening or transfer fund to another paypal (perhaps your legit one) and then withdraw?

Either ways no matter what you do, with your set up, you are bound to lose a bit of commissions here and there.

moneysavvy · May 24, 2011

oxonbeef said:
You don't think anyone would notice you are spending your account balance
at the same place and find a trail?
Then you would need to set up a stealth merchant account which defeats the
purpose.

I agree with oxon, this still leaves a tail. Maybe I could set up a google check out account then buy gift cards or some type of virtual credit card and pay myselft through google checkout.

moneysavvy · May 24, 2011

seoguy81 said:
Why don't you open vendor account at say elance and pay yourself for the services. Of course this would mean opening or transfer fund to another paypal (perhaps your legit one) and then withdraw?

Either ways no matter what you do, with your set up, you are bound to lose a bit of commissions here and there.

This isnt a bad idea, elance charges between 6.75% and 8.75% commission which does tears into my profit but I suppose there is a price to pay to be protected.

seoguy81 · May 24, 2011

moneysavvy said:
This isnt a bad idea, elance charges between 6.75% and 8.75% commission which does tears into my profit but I suppose there is a price to pay to be protected.

Elance is just an example.. you could check out a bunch of other similar sites. odesk, freelancer and so on.. and do post the commission rates if possible. Would be helpful for others

moneysavvy · May 24, 2011

seoguy81 said:
Elance is just an example.. you could check out a bunch of other similar sites. odesk, freelancer and so on.. and do post the commission rates if possible. Would be helpful for others

Thanks for your help seoguy. I did some research and scriptlance would seem to be the cheapest freelance service that has a escrow system. Scriplance charges programmers a $5 or 5% fee (whichever is greater) when their bid is selected as the winner for a project.

My question still remains though, has it been proven that these escrow services used by scriptlance, elance, freelancer etc.. leave no traces when the money goes through their services?

basically im asking is the money "clean" after the money goes through their escrow service?

moneysavvy · May 24, 2011

Also, I will stop using paypal within the next month and a half. ccnow is a much better option, and they do not share any information with ebay/paypal. Its also great because you can accept paypal payments through ccnow.

For anyone who is curious, I will be waiting a month and a half to use ccnow because they have a 45 day hold period on your first payment. After your first payment, you will be paid twice a month; once on the 1st of the month and once on the 16th.

CCNOW does not intergrade with ebay, but when my auctions end I will send my customers a invoice through ccnow explaining to them that they can still pay though paypal.

Hope this helps anyone who is as frustrated with paypal as I am.

Jfrase · May 24, 2011

Open a Freeancer account.

Deposit your funds there. Start a project.

Open another account.
Bid on the project.

Accept the bid and pay your other account.

With other account, withdraw the money

seoguy81 · May 25, 2011

moneysavvy said:
Thanks for your help seoguy. I did some research and scriptlance would seem to be the cheapest freelance service that has a escrow system. Scriplance charges programmers a $5 or 5% fee (whichever is greater) when their bid is selected as the winner for a project.

My question still remains though, has it been proven that these escrow services used by scriptlance, elance, freelancer etc.. leave no traces when the money goes through their services?

basically im asking is the money "clean" after the money goes through their escrow service?

I've used elance and freelancer before. At times had to invite a few friends to bid/work on my project. From a vendor's point of view the transactions in Paypal show as ELANCE or whatever company that manages the transactions.

From a supplier's point of view it would again show as ELANCE or whatever. In terms of traces, you won't find any, unless someone traces your paypal incoming transaction to elance and then traces from elance to the project owner and so on.

I'm certain that such sites have their own privacy policies and won't divulge information unless there is a really strong case against you and it involves some legal body requesting the info.

badut jenaka · May 25, 2011

buy something on ebay..and then sell it offline to you friends or just enjoy that item yourself

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