Getting Paypal money out

Scorpion Ghost · Feb 11, 2019

Just brainstorming here.

Say you have a Paypal account verified with a family member's info. So the account is fully legit. And you have money in the account. But you dont want to withdraw it to the bank account or debit card attached, because you dont want the govenment to consider it your family member's money.

You have Payoneer, and you have Skrill, in your own name. And if you could get the money in one of them you could withraw it to your bank account.

But you cant just send the money from Paypal to Payoneer or Skrill, because its not allowed, as far as i know.

How do you move the money in the cheapest way possible?

Scorpion Ghost · Feb 11, 2019

Its mind boggling to me how nobody really wants to talk about this kinda stuff.

I did a bit of googling and see that there are exchangers out there for PP to Payoneer and PP to Skrill, although not sure if they legit.

So let me lay it out how i see it. You'll lose at least 10% of your money doing this.

Say you want to move $1,000 from a PP acc to a Skrill account. First you send the money to someone with PP. They receive about $960 after the PP fee. Let's say they keep $40 for the service, and they send you $920 from their Payoneer to yours. This transaction has no fee, you receive $920. Now you withdraw that money to your bank account. Payoneer takes about 2% from it, about $18, so you receive about $900 in the bank.

You lost about 10% of your money.

Say you want to do the same with Skrill, and we use the same $1,000 as starting point. Its all the same except Skrill will charge about $7 for the withdrawal, so you wil receive about $913 in the bank.

You lost about 9% of your money.

You can also get your money out with crypto, but i read that fees for that go in the 15-20% losses.

Thoughts?

LiquidLeads · Feb 11, 2019

Question,

Why not PayPal to TransferWise and from there to almost any bank account you want?

Festinger Vault · Feb 11, 2019

Lol, you're thinking too difficult buddy. I have two fake Freelancer.com accounts, one to purchase gigs with and another worker account. When I have too much money into one account (and couldn't switch to a different account), I will start a bullshit gig and pay myself with the second account. I will take the loss of the fees, but that's how I am doing it.

Scorpion Ghost · Feb 11, 2019

RankingViews said:
Question,

Why not PayPal to TransferWise and from there to almost any bank account you want?

Actually, are you allowed to send money from Paypal to Transferwise directly?

Because youre not allowed to send Paypal to Payoneer, and youre not allowed to send Paypal to Skrill.

Festinger said:
Lol, you're thinking too difficult buddy. I have two fake Freelancer.com accounts, one to purchase gigs with and another worker account. When I have too much money into one account (and couldn't switch to a different account), I will start a bullshit gig and pay myself with the second account. I will take the loss of the fees, but that's how I am doing it.

Thats wonderul, i love it. But what EXACTLY sre the losses on the fees? Start to finish.

I could use Fiverr... and lose over 25% of the money.

With Fiverr youd lose 20% as seller, and a few more percentage points because you also pay a processing fee as buyer. And then youd lose a few more percent when you withdraw from Payoneer to bank. No good.

Festinger Vault · Feb 11, 2019

Scorpion Ghost said:
Thats wonderul, i love it. But what EXACTLY sre the losses on the fees? Start to finish.

I could use Fiverr... and lose over 25% of the money.

With Fiverr youd lose 20% as seller, and a few more percentage points because you also pay a processing fee as buyer. And then youd lose a few more percent when you withdraw from Payoneer to bank. No good.

10% on freelancer side, 3% on employer side.

JB2302 · Feb 11, 2019

try payment gateway- 2checkout has around 6% fee, some other in your country might have less

Scorpion Ghost · Feb 11, 2019

Festinger said:
10% on freelancer side, 3% on employer side.

Thank you.

So there we go, got it down to a science.

Moving money from Paypal to Bank Account

Skrill 9% loss
Payoneer 10% loss
Freelancer 13% loss
Fiverr 25% loss

Although, the Skrill and Payoneer losses could go up or down a percent or two, depending how much the middle man takes for the service. You need an actual middle man to pull these off.

I wonder if anyone could swoop in and break it down to a science how would we go about doing this with Bitcoin and how much of a loss we would take.

Sceptic · Feb 11, 2019

Scorpion Ghost said:
Thats wonderul, i love it. But what EXACTLY sre the losses on the fees? Start to finish.

You'll lose 3% as the employer and 10% as the Freelancer, besides the withdrawal fees.

Scorpion Ghost said:
Its mind boggling to me how nobody really wants to talk about this kinda stuff.

Nobody's talking about this kinda stuff because it's not as easy as it seems. If it were easy, money laundering would become a breeze.

Scorpion Ghost said:
are you allowed to send money from Paypal to Transferwise directly?

As with anything Paypal-related, it's more of a hit and miss. Check this out: https://jeangalea.com/linking-virtual-bank-accounts-to-paypal-revolut-transferwise-etc/

However, this is not to say that PayPal approves of the practice 100%. Here’s what they said when I asked them about it:

If the system allows you to add this bank, you can use it, but also PayPal does not take responsibility in case of missing funds during withdrawals, as we cannot communicate with virtual banks in order to locate missing transactions etc.

We usually do not advise merchants to add Virtual Banks/ Cards, but technically you can if you wish.

Scorpion Ghost said:
I wonder if anyone could swoop in and break it down to a science how would we go about doing this with Bitcoin and how much of a loss we would take.

If you go the crypto route, you can expect anything from 10% to 30% in losses. For that, you can either find a reputable trader on LocalBitcoins (who will probably request an ID verification) or find a trader on Reddit or one of the many forums available out there.

Scorpion Ghost · Feb 11, 2019

JB2302 said:
try payment gateway- 2checkout has around 6% fee, some other in your country might have less

Ultimately the main problem, i guess, is the Paypal fee. Paypal takes about 5% to transfer money, to anyone. And so even just considering this youre looking at a 5% loss.

Unless...

Hm...

Unless you find a way to add a Payoneer or some other LEGIT AND FUNCTIONING virtual bank account to Paypal.

This actually makes it much better. Say you manage to add a Payoneer bank acc to PP. If you withdraw $1.000 uou will lose $5 from PP and $10 (so 1%) from Payoneer. So you get $985 in Payoneer. Then you can send it from one payobeer to the other (because i would imagine youd make a new payoneer to match the family members paypal, and then move the money from that payoneer to your own).And you also lose 2% to withdraw from Payoneer to bank, which is about $20 lets say. So you keep about $965 now. You lost about 3.5%.

Oh yeah, im liking this. However it depends on you being able to add a Payoneer bank account to Paypal and managing to withdraw money to it. Ive read some people managing to do this, and some not. So its not a sure thing, but it Might work.

Sceptic · Feb 11, 2019

Scorpion Ghost said:
Ultimately the main problem, i guess, is the Paypal fee. Paypal takes about 5% to transfer money, to anyone. And so even just considering this youre looking at a 5% loss.

Unless...

Hm...

Unless you find a way to add a Payoneer or some other LEGIT AND FUNCTIONING virtual bank account to Paypal.

This actually makes it much better. Say you manage to add a Payoneer bank acc to PP. If you withdraw $1.000 uou will lose $5 from PP and $10 (so 1%) from Payoneer. So you get $985 in Payoneer. Then you can send it from one payobeer to the other (because i would imagine youd make a new payoneer to match the family members paypal, and then move the money from that payoneer to your own).And you also lose 2% to withdraw from Payoneer to bank, which is about $20 lets say. So you keep about $965 now. You lost about 3.5%.

Oh yeah, im liking this. However it depends on you being able to add a Payoneer bank account to Paypal and managing to withdraw money to it. Ive read some people managing to do this, and some not. So its not a sure thing, but it Might work.

If you want to go the VBA route, I recommend going with Transferwise, as Payoneer doesn't usually work with Paypal.

IamNRE · Feb 11, 2019

Best way to commit fraud or tax evasion is by buying a VCC or Virtual Bank Account, create a fiverr/upwork/paypal/gumroad account or some type of account like that, then you offer a service to yourself and cash out the money.

Scorpion Ghost · Feb 11, 2019

Nerva said:
If you want to go the VBA route, I recommend going with Transferwise, as Payoneer doesn't usually work with Paypal.

Problem is Transferwise is not available in my country. I asked their support, and its not :/

Stealth Transferwise?

(im seriously asking)

semper-fi-gay · Feb 11, 2019

IamNRE said:
Best way to commit fraud or tax evasion is by buying a VCC or Virtual Bank Account, create a fiverr/upwork/paypal/gumroad account or some type of account like that, then you offer a service to yourself and cash out the money.

then you can use that money to buy nice guns and tactical survival equipment ooh rah brother semper fi for life

Scorpion Ghost · Feb 11, 2019

IamNRE said:
Best way to commit fraud or tax evasion is by buying a VCC or Virtual Bank Account, create a fiverr/upwork/paypal/gumroad account or some type of account like that, then you offer a service to yourself and cash out the money.

Fiverr/upwork/etc is definitely not the best way. You will bleed from your ass from the rape youe gonna get... the fees youre gonna lose.

About vcc wba, maybe, but can you have a wba or vcc be in the Exact name and address of your choosing? Because im not talking stealth Paypal, im talking family member.

And theres no tax evasion. Just moving a little money around. I would never knowingly break the law. Im a law-abiding citizen

Sceptic · Feb 11, 2019

IamNRE said:
Best way to commit fraud or tax evasion is by buying a VCC or Virtual Bank Account, create a fiverr/upwork/paypal/gumroad account or some type of account like that, then you offer a service to yourself and cash out the money.

Scorpion Ghost said:
Fiverr/upwork/etc is definitely not the best way. You will bleed from your ass from the rape youe gonna get... the fees youre gonna lose.

You'll have to be super careful when doing that. Both your employer and freelancer accounts must look legit. I learned that the hard way.

Scorpion Ghost said:
Problem is Transferwise is not available in my country. I asked their support, and its not :/

Stealth Transferwise? (im seriously asking)

A stealth Transferwise account is hard to acquire. Don't you have any family member/friend outside of your country?

Scorpion Ghost · Feb 11, 2019

Nerva said:
You'll have to be super careful when doing that. Both your employer and freelancer accounts must look legit. I learned that the hard way.

A stealth Transferwise account is hard to acquire. Don't you have any family member/friend outside of your country?

I do, but heres the thing. Ultimately the goal is to get the money into My bank account. I dont want to burden any family member to Withdraw money for me. I will burde them to make a Paypal or Transferwose for me. As long as the money isnt withdrawn to their name from these online banks, they have nothing to do with it.

So okay, lets say i get my hands on a transferwise account. Am i allowed to link it to Paypal and withdraw money to it? Or send money from PP to Transferwise and save on fees?

Scorpion Ghost · Feb 11, 2019

I even read of people having problems adding their tranferwise bank info into Paypal.

How about this.

Can anybody think of a Digital product that can be purchased with Paypal and then easily sold (and get paid via Payoneer or Skrill or even credit card - through Payoneer i guess).

Im thinking digital product because who the hell wants to wait for gold or silver or some physical product to arrive. Besides, we're looking to flip money, not become merchants.

So the digital product has to be an EASY sell, even at a loss. Buy it for $100 with PP, sell it for $95 with Payoner or Skrill, youre still golden. And the buyer got a bargain.

Come on guys, help me out here. I cant think of everything

Nightguy · Feb 11, 2019

Scorpion Ghost said:
I even read of people having problems adding their tranferwise bank info into Paypal.

How about this.

Can anybody think of a Digital product that can be purchased with Paypal and then easily sold (and get paid via Payoneer or Skrill or even credit card - through Payoneer i guess).

Im thinking digital product because who the hell wants to wait for gold or silver or some physical product to arrive. Besides, we're looking to flip money, not become merchants.

So the digital product has to be an EASY sell, even at a loss. Buy it for $100 with PP, sell it for $95 with Payoner or Skrill, youre still golden. And the buyer got a bargain.

Come on guys, help me out here. I cant think of everything

I think an ebook or a course is a good idea for this.

Scorpion Ghost · Feb 11, 2019

Shit. Goddamnit. Fuck, you bastards. I know the solution, but i dont like it.

Create a website that only accepts payoneer and skrill (and maybe a few others that fit the criteria), then use PP money to buy digital shit online, and list for sale at lowered prices on the site. Call it, you know, lowestprices.com or some crap.

Actually, dont even buy anything with PP. Just put shit up for sale thats digital and that you know will sell, and put the price at 5% lower than market price for everything. You will make sales, youre the cheapest madaflaka around.

When someone buys, you buy it for lets say $100 with PP, and the client sends you $95 with payo or skril or whatever.

Boom, done.

Good?

@Nerva come on bro, i deserve at least an attaboy, yes?

Getting Paypal money out

Elite Member

Elite Member

Supreme Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

Elite Member

BANNED

Elite Member

Elite Member

Elite Member

Elite Member

Junior Member

Elite Member

Main Menu

Marketplace

Making Money

BlackHatWorld

Other