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Best way to withdraw from PayPal?

Discussion in 'Ebay' started by moneysavvy, May 23, 2011.

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  1. moneysavvy

    moneysavvy Junior Member

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    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.
     
  2. BacklinksRadar

    BacklinksRadar Junior Member

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    Why...what did you do ? :)
     
  3. download

    download Jr. VIP Jr. VIP Premium Member

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    Try "refunding" your money to someone you trust.
     
  4. theMHR

    theMHR Junior Member

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    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
     
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  5. fnd80

    fnd80 Regular Member

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

    moneysavvy Junior Member

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    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?
     
  7. Shadexpwn

    Shadexpwn Jr. VIP Jr. VIP

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    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.
     
  8. moneysavvy

    moneysavvy Junior Member

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    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?
     
  9. moneysavvy

    moneysavvy Junior Member

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

    BuyLowSellHigh Newbie

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    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??????
     
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  11. oxonbeef

    oxonbeef BANNED BANNED

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    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.
     
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  12. seoguy81

    seoguy81 Power Member

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    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.
     
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  13. moneysavvy

    moneysavvy Junior Member

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    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.
     
  14. moneysavvy

    moneysavvy Junior Member

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    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.
     
  15. seoguy81

    seoguy81 Power Member

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    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 ;)
     
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  16. moneysavvy

    moneysavvy Junior Member

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    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?
     
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  17. moneysavvy

    moneysavvy Junior Member

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    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.
     
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  18. Jfrase

    Jfrase Regular Member

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    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 :)
     
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  19. seoguy81

    seoguy81 Power Member

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    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.
     
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  20. badut jenaka

    badut jenaka Regular Member

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