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PayPal gonna catch me!

Discussion in 'Making Money' started by richardleb, Dec 2, 2015.

  1. richardleb

    richardleb Power Member

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    Assume that i registered a business Paypal account with a fake company name.
    Bank account and phone number are completely verified.

    What's going to happen? We are talking about >10k $ and <100k $
     
  2. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    For that kind of cash, go ahead and spend a few hundred dollars and register that business name.
     
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  3. Oz0102

    Oz0102 Jr. VIP Jr. VIP

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    It wouldnt cost you more than $250 to register a name try legalzoom if you are in the US
     
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  4. wowhaxor

    wowhaxor Elite Member

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    Agreed and you can get an EIN instantly online from the IRS to use with it, then the account should be legit.
     
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  5. richardleb

    richardleb Power Member

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    That's exactly what i will do, but i'm worried about these money...
    I have never paid taxes and they might do something somehow, isn't it?
     
  6. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Unless PP has changed recently, they only report if you have 200 transactions AND 20K in revenue in a calendar year. That is how they operate in the USA anyway, not sure about other countries if there are different numbers.
     
  7. richardleb

    richardleb Power Member

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    I'm not in the US. But if the numbers are the same for other countries, well that would be a problem.
    I'm fucked up