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Multiple Paypal accounts

Discussion in 'Business & Tax Advice' started by blackhatedition, Jan 28, 2009.

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  1. blackhatedition

    blackhatedition Newbie

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    I understand that one is usually only permitted one PayPal personal account and one premium/business account.

    I'm not sure how businesses are structured in the U.S. but in Australia you can have multiple trading names under one business.

    What I'm thinking of doing is registering multiple trading names and registering multiple PayPal business accounts under these separate trading names. I could also set up separate bank accounts each with these separate trading names. Now the problem is is that the address among all these accounts would be the same.

    If PayPal can see that I'm operating separate businesses, under different names and bank accounts, yet with the same postal address, would this be enough to get me banned, or would PayPal perceive this as being separate, unique businesses?

    Any thoughts on this would be much appreciated.
     
  2. fazee

    fazee BANNED BANNED

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    Well you could tell them your situation and see what they say.

    Thats is the best option, just contact their customer support they reply with in hours.
     
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  3. justone

    justone Elite Member

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    They did tell me i can have multiple personal accounts but only one business.
    And i asked more than one time regarding that!

    And I'd suggest you also contact them. Their service is bad, but these questions are easy to answer.
    Then you have a proof in case you some day get punished for multiple accounts ^^
     
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  4. bizzybee76

    bizzybee76 Junior Member

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    I think you could have your Umbrella Biz
    For example:
    TEW Works LLC
    then you can have several DBA names
    TEW Works LLC DBA Elite Businss Solutions
    TEW Works LLC DBA Smack My A$$

    Each different registered name could be used to set up a bank account. In the US you only need Trade Name Registration.

    I had a wedding photo name, nail salon name, umbrella name, and landscaping name all registered.

    It really is no biggie. Most banks are totally ammenable if you have registered the trade name. And they don't even have to be DBA.

    For the addy problem; is there a UPS store or something like that you can use? That way you pay for your box, and you get a street address instead of a PO BOX.
     
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  5. gimme4free

    gimme4free Executive VIP Jr. VIP Premium Member

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    Rules say 1 personal and 1 business account and then multiple emails.
     
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  6. blackhatedition

    blackhatedition Newbie

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    I was thinking of setting up a UPS address to overcome the postal problem, so I might go down that route, but yes, I will contact paypal and see what they say. I would be surprised though if they wouldn't allow multiple business accounts if they're effectively separate businesses from paypal's perspective, but I guess nothing is surprising with paypal.

    Thanks for your help everyone. Oh and I look forward to learning/contributing here, these forums look like a fantastic resource.
     
  7. aftershock2020

    aftershock2020 Senior Member

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    I use multiple accounts for the same reason. As long as you give them a different email address, bank account or pre-paid credit card as the verification, you can have as many as you want.

    However, I will tell you that they will cause you to have to verify often due to sending money from one of your accounts to another. Also, they don't ' allow ' for this practice but do tolerate it as long as you don't abuse the accounts and use them legitimately for your respective businesses.

    If they find out, they will consolidate them into one.

    However, I also use the same umbrella practice that bizzybee is talking about..the only problem in online business with that is that the law requires you to have an individual merchant account for each individual site that is represented online, no matter who owns it. If you go this route, be sure and put something like ' sitename.com is a subsidiary of umbrellacompany,llc ' ...and be sure to link it back to your umbrella company's website if you have it...to prove they are connected and protected under the main llc license. Also check into getting your own independent copyright and trademark claims on each property.

     
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    Last edited: Jan 28, 2009
  8. blackhatedition

    blackhatedition Newbie

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    That's just the answer I was looking for aftershock, thanks. I thought paypal would tolerate multiple accounts in this way since you are setting up separate, legitimate entities.
     
  9. aftershock2020

    aftershock2020 Senior Member

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    Yeah, just be sure you keep those accounts clean and seperate or you'll have the verification issue, where your accounts will be constantly reverifying to release limitations. Do me a favor and hit the ' give rep ' button if you want to thank me. That's how we do it on this forum.

    Another note about paypal...I'm sure you've heard all of the horror stories about them taking money lately...this has been going on for years and they know that for the time being, they can get away with it due to not having any competition. Be careful and ALWAYS move your money into your pre-paid credit cards or bank account DAILY. They took $40k from me in 05 and I had to take them to court to get it back. Alertpay is under new ownership/management and is VERY solid for taking on the same form of process and they have yet to take anything from me in the 5 years of doing business with them.

    Paypal should be investigated due to the fact that I believe from their track record, they are kiting money through their system, taking it and pushing it from clearing house to clearing house, ( through multiple banks ) , for what they claim is " processing your request " to return your funds, only to shift it in this manner so that it is literally in limbo until you are broke or forget about getting it back. Be cautious and clear your accounts at a min. of once a day to protect yourself from them...sad to have to do it but all part of it,as they are the biggest scammers of all.

     
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  10. gimme4free

    gimme4free Executive VIP Jr. VIP Premium Member

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    Do you use different IP's to access PP accounts aftershock?
     
  11. aftershock2020

    aftershock2020 Senior Member

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    Nope, I use the same ip address for everything. I don't hide and they actually appreciate my business for it. They frown on it if you are directly addressed but as long as you are clear and honest, with the accounts being for the purpose of individual companies, you are good to go in my personal experience with them.
     
  12. jodys

    jodys BANNED BANNED

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    If you follow aftershock's advice, realize that if you have a problem with any one account you'll have problems with all your accounts. PayPal will limit all of them if one gets limited. I have many PayPal accounts and go to great lengths to keep them separate and not connected in any manner.

    I learned 6 years ago what can happen if you "for a second" think PayPal is a legitimate, honest or even a reasonable business partner. I will NEVER forget that lesson that cost me thousands of dollars and many headaches. Rather than build a partner relationship with me, they chose to ignore my pleas and daily requests for an explanation. It took almost 2 weeks before they'd even explain why all my accounts were limited with thousands in them and what I needed to do to get my money back.

    Since that time, I've had 3 accounts limited with negative balances and I walked away leaving PayPal on the hook for negative balances. Not a single thing on those accounts contained real information. Now I have 9 active accounts without a bit of real information, all verified and some with more than 9,000 verified transactions. PayPal taught me very well how to protect my assets and the methods explained above will make sure all your accounts are tied together as one account. You can "think" they are all separate and each their own entity but wait until you have a problem. They will all go down, I guarantee it.
     
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  13. aftershock2020

    aftershock2020 Senior Member

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    No one said they were legit, man.

    I don't trust them at all, which is why I don't put myself in ay position to have anything become a problem.

    Here are the rules I go by:

    1. Move all the money in and out of the account once daily, to or from your bank. ( If you don't have a bank account, use a pre-paid debit card from netspend.com or greendot.com ).

    2. Guarantee all refunds, no questions asked on all products and services that you offer the feature on. If it is something people can still use after, such as software, script, or other virtual product, that paypal doesn't have a policy for protecting consumers on at all, keep the fee and state it is non-refundable, offering a cheaper discount trial period, that they can try it out first. Otherwise, post ' Non-refundable ' or charge/keep shipping cost out of the original sale price to have them return it to you and a 15% restocking fee for products.

    3. Keep the best records you can. You do NOT have to disclose how you got the money, as that can be protected as a trade secret. You DO have to account for where the funds came from and for trade of what product or service.

    You can prove that with your paypal account records for the customer support access at any time. IF you can and do prove where your money came from and handle any and all refunds as they come up, you should be fine. Sure, there are issues that come up but if you can prove you have done right, that shows in your accounts and you keep records of your activities so that you can reference what you do during a project, you will be able to verify or smoke any claim anyone puts against you.

    From what you've stated, you didn't do the same thing I practice and stated to do above. You had those accounts that were held with different information and according to what you are saing ' hardly any real information ', which is your problem and where you went wrong. All of my accounts are open, running and fine with legitimate addresses, my contact information and business number for those given sites/accounts, as well as the banking information required for them to be verified 100%.

    Secondly, if you have thousands of dollars in paypal accounts, why wouldn't you move them into a real bank? Even with the worst possible credit, if you have $5,000, a bank somewhere will give you a second chance for moving it into their system from paypal...as long as you can account for where/for what you got the funds for. I think that was a HUGE mistake on your part and I'm sorry to hear that happened to you that way.

    The fun thing about rules is that you have the option to pick and choose which ones you live by. If your own personal rules protect you from violating the rules of others, as well as prevents them from taking advantage of you, there you have it. Beats the hell out of living in fear of someone else's rules taking your money out of your pocket and leaving you waving the turned out lining with a smile ever again.

    Food for thought.





     
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    Last edited: Mar 5, 2010
  14. johnsonmm

    johnsonmm Newbie

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    Alright, so i am new to this and i have to thank both jodys and aftershock for the information. However, they take two very different approaches to dealing with the many problems that can arise from dealing with paypal and i a still uncertain of which is the best way to proceed. Part of my fear is that if i have my paypal linked to a ligitamte bank account that i have, and a perfectly legal but blackhat venture goes wrong and lets say a third party organization claims they want the money they paid to my paypal account back then paypal will retrieve the money even if it means accessing my bank account and taking without my authorization. (i thnik this can happen especially if paypal has an interest in aiding this third party organization)

    Because of this i think it would be beneficial to have several different paypal accounts that are in no way linked either by IP address or identical user information. That way in theory i would be able to remove the money from a paypal its lined greendot account, to cash (hopefully can money on your greendot accounts as cash), and then to a main bank account that i own. This way i should be protected from any crooked pay pal practices i believe.

    I guess i should add in some cases that everybody knows it may be beneficial to appear to buy something from yourself. To do so one would again need very distinct pay pal accounts probably with different identities attached to each. How would i go about doing such a thing? I only have one address, so would i have to make the other addresses up? Id there a possibility that paypal will discover that the identity attached to a certain account is nonexistent and then they just take all the money from that account. These questions are the only think keeping me from some online ventures they i would like to persure so i would greatly appreciate some guidance in the matter.
     
  15. houston27

    houston27 Registered Member

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    if you want to add multiple bank account in your paypal then all bank accounts should be same

    if address will not same then it will deactivate your account soon for security purpose
     
  16. mangaleswaran

    mangaleswaran Registered Member

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    well u speak with paypal before you start these fundings . coz paypal may say no after they saw ur funds and try to take to them . Lots of time i have seen paypal doing this . So Make confirm before you proceed
     
  17. khoosat

    khoosat Regular Member

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    I know this is a very old thread but I have a similar question.
    Lets say I have three paypal accounts each of which receive money from others who buy my product. Can I send money from this account to my geniune account and withdraw the money form there or do you think this arrangement will blow up pretty soon?
     
  18. cyberxcrime

    cyberxcrime Newbie

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    You can not use 2 paypal account
     
  19. cyberxcrime

    cyberxcrime Newbie

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    I use 2 paypal account from one pan card number but paypal block my account after few month.
     
  20. khoosat

    khoosat Regular Member

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    not true, on paypal site it tells clrealy one can have two different type accounts, example one business and one personal..