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Prepaid card to withdraw money?

Discussion in 'BlackHat Lounge' started by dynander, Nov 23, 2008.

  1. dynander

    dynander Regular Member

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    I live in Argentina, and paypal don't let me withdraw my money in local banks.

    So, I'm thinking in buy a Prepaid card, Mastercard or Visa.

    I've read that they work with ATM in all over the world

    Do you think is a good idea?
     
  2. mattstrike

    mattstrike Regular Member

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    There are a number of ways of getting to your money, and certainly sweeping from your PP account into a prepaid card that supports direct deposit (in other words, has a routing number that looks the same as a checking account) is a way to get to your funds.

    Watch out, though, because PP are in the habit of freezing accounts for "suspicious" activity, and they might decide that you are "laundering money" or something like that, and freeze your account, and require you to jump through all sorts of hoops to get it active again, if you are ever even able to.

    If you are making a lot of money online, consider getting a US corporation (Uptown Bulker can help you with that), and just having your funds go to a US bank account.

    If you are not making a lot of money online, or you really want your PP account to be the solution, you might want to poke around here a bit more, there are techniques for moving your funds over to MoneyB00kers or other ways of getting to them as well.

    Best of luck.
     
  3. dynander

    dynander Regular Member

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    I'm not making a lot of money, but I've a sensation... "why work hard if maybe I wont be able of touch the money"

    I need to find a way to withdraw money here, to clean my head and work hard

    a Corporation? My corporation? I will research more on this

    I think MoneyB00kers don't work in Argentina. It's very difficuly withdraw here, It's always a topic in the local blogosphera and the meetings


    I don't need to use PP, I can use anything as long as it works

    EDIT:
    Forget this: Thanks you for the information about paypal and his habits.
     
    Last edited: Nov 23, 2008
  4. mattstrike

    mattstrike Regular Member

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    Well, if you can swing the money, Uptown can set you up with a turn key US corporation of your very own - complete with everything you need to get going, and have your money go into a US bank account that you legally own. From there, you can access that money via a card from that bank account, or by international wire transfer.

    There are people on here who will sell you pre-verified PP accounts, but I can't vouch for the service - my guess is that those accounts will get squashed pretty quickly, although someone with some experience with them might be able to help you understand that better. I know that there are plenty of people that churn through PP accounts left and right, and take their lumps (losses) as they come.

    Another option for you would be to JV with someone in the US. You'd need to trust them, and they you, but I am sure that you could find someone that would be interested.

    On Moneyb00kers though, you can use them in Argentina, it is just that there is no local, easy way to add money to your account (you can wire transfer into it though). You can do an international wire transfer from your Moneyb00kers account to your local account, for about 2 USD (I think, double check it though). You can also have them issue you a check, but that costs more, and there is a wait.

    Good luck!
     
  5. Zwitterion

    Zwitterion BANNED BANNED

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    You can try the service of xoom to be send directly to you via western union..

    however sometimes paypal limits the paypal account after using the service of xoom
     
  6. dynander

    dynander Regular Member

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    From some friends I know that xoom isn't working very well for this.

    My PP is verificated, I have a regular credit card, a visa. I think I can pay my visa with my PP, but I don't want to spend, I want to save :)

    I'm interested in the Corporation. What should I do? send a PM to Uptown asking for more information and costs?
     
  7. mattstrike

    mattstrike Regular Member

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    Look for his thread, and you will find a link to his site, where you can get a lot more information about how it all works, and then, from there, you can decide whether you want to contact him about the service.
     
  8. mattstrike

    mattstrike Regular Member

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    • Thanks Thanks x 1
  9. dynander

    dynander Regular Member

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    Very interesting. I will read it

    But until I make a lot more money, I will need a cheaper and simple option.