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Receiving funds without revealing my name (not anonymous)

Discussion in 'Making Money' started by LDF, Aug 5, 2017.

  1. LDF

    LDF Newbie

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    I'm selling e-liquids to vapers in Facebook groups to earn some money on the side. I don't have a real business because of the many regulations in my country and I don't pay taxes. I wish to be able to accept payments without revealing my name, so competitors can not snitch. I'm not looking for an anonymous bank account, since I'm not into fraud it can link to me, but indirectly. I don't want people to see my name if they wire money to me.

    I looked into many options starting with Paypal. I know how to create and verify Paypal accounts and receiving the money (they all send it as payment to friends/family) was no problem, but I used the same account to pay for postage and that probably flagged my account and it got limited. I have to prove my identity and business details which I can not, so that money is gone forever.

    Next on the list was Viabuy. I almost thought I found the solution as they create a German bank account for you and people can wire money. The only downside is only 5 third party deposits are allowed each quarter and 60 per year. This is just not enough and getting several accounts is not an option because each accounts costs 90 euro and profit per customer is not that high.

    Skrill would be great since I'm in Europe, but a lot of people don't know it and are turned off by it, same for Bitcoin. I want to reach as many customers as possible and don't want to lose them over payment methods.

    So unless there's another service I'm unaware of, it seems I'm stuck with 2 options, master the Paypal game or get a European bank account.

    I was thinking about creating a Limited company and use that to get a bank account in the companies name instead of my real name. To hide my name this seems safe enough and there will never be complaints as I only have happy customers :) What I don't know at this point is if you can create a Limited without having an office in your own country (I'm not in the UK) and if you can just send blank year results to the UK, since I wouldn't use the business as a business, but just for the bank account.

    Hoping someone more experienced can share some pro advice!
     
  2. LDF

    LDF Newbie

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    A follow up question: could I use the LTD to create a bank account, dissolve the LTD and keep the account?
     
  3. MisterF

    MisterF Jr. VIP Jr. VIP

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    In the UK, a limited company still has to list directors and officers, such as company secretary.
    You can be a trading company and kind of hide behind the LtdCo name, so it would be something like;

    XYZ2017ltd trading as vapesRus.

    There are services who will set you up the ltd company and act as co sec etc, but again, it's easy enough to trace the real faces, if someone wanted to do so.
     
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  4. LDF

    LDF Newbie

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    Easy enough for a customer to do or for a government to do? I want to avoid the first, don't care about the latter. As long as there are no complaints, why would they investigate the LTD?
     
  5. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    Not necessarily, more than likely it's gone only for 180 days and you'll be able to withdraw after that.
     
  6. MisterF

    MisterF Jr. VIP Jr. VIP

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    You can go onto the Companies House website and look up details of a limited company, by name or reg number, for free.

    There are services who will also dig out the directors home addresses etc for a fee.

    It's a handy way to keep an eye on your competitors, checking out new companies etc.
     
  7. Topiano

    Topiano Jr. VIP Jr. VIP

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    Tried payoneer ?
     
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  8. LDF

    LDF Newbie

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    Yeah, that's exactly what I want to avoid.. Seems like this is not an option for me
     
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  9. NFPHosting

    NFPHosting Registered Member

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    BitPay. Or Tide.
     
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  10. LDF

    LDF Newbie

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    No not yet, is it possible to create accounts on fake names or do customers see your real name when making a payment? Also they should be able to pay with wire transfer. If they have to create a Payoneer account for this they'll probably be turned off.
     
  11. chakde

    chakde Power Member

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    Try one of these services:
    https://www.blackhatworld.com/seo/p...rawal-remove-limit-from-paypal-easily.458362/
    https://www.blackhatworld.com/seo/h...its-easily-receive-payment-withdrawal.812449/
     
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  12. LDF

    LDF Newbie

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    Do you think so? I have to go through 7 steps in total within a month: ID proof with picture, proof of address, add a bank account, business details, supplier details, proof of shipment and invoices. To make matters worse I registered this account under the brand that I sell, not even a plausible name. Rookie mistake, I know.

    Will look into this, thanks.

    I'm guessing those will not work if your registered name is something like Premium Juice :D However very interesting to create new accounts that will stand the test of time.
     
  13. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    I don't know for sure, but didn't you receive an email that they will hold your funds for 180 days unless you provide what they ask for? If you can provide the proofs, they unlimit your account, if you can't provide the proofs, you need to wait 180 days before touching the money. At least this is usually the procedure when they limit an account. Or maybe the 180 days will start at the end of the month.
     
  14. LDF

    LDF Newbie

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    The email I received (loose translation) is: Please provide the necessary documents before september, 17th. If we don't receive it or detect unusual changes in your account activity, we might limit it further.

    The 180 days are not mentioned in the email.
     
  15. rozzski999

    rozzski999 Registered Member

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    Companies house is a great start fro basic info