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What Are The Safe Ways To Receive Your Money? and what are the limitations?

Discussion in 'BlackHat Lounge' started by ChapoGuzman, Jul 31, 2013.

  1. ChapoGuzman

    ChapoGuzman BANNED BANNED

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    What are the Safe Ways to receive your money? Say for example I will be receiving a $10,000 payment from my affiliate network, what will be my best bet to receive this money? I do not have a bank account.


    Paypal
    Western Union
    or an other method?


    and what are the limitation on these? Like if I get sent more then X amount will their be trouble like it being reported or something, I have never done this before so I dont know and need help. I strictly talking about affiliate Payments from my cpa company not person to person (not sure if that makes a difference)

    PS: also I am from the U.S. and this will be US to US
     
    Last edited: Jul 31, 2013
  2. albertjohn

    albertjohn Power Member

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    Paypal is the best way to receive the money..
     
  3. ChapoGuzman

    ChapoGuzman BANNED BANNED

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    I heard paypal is not safe for large amounts. Is it okay since the payment will be coming from a established network and it will not be like a person to person deal or a sale?
     
  4. YoungCeaser

    YoungCeaser BANNED BANNED

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    WU is safe but a lot of taxes. The biggest taxes may be in the money transfers industry. Paypal will block your account for 10k if you are not verified in every possible way(doc scan, credit/debit card, address verification) . I guess you are not mature enough to get a bank account yet because that is the best option. For some countries you might have to pay taxes for such amount, so try to split it in few smaller amounts.
     
  5. KraftyKyle

    KraftyKyle Jr. Executive VIP Jr. VIP Premium Member

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    You don't have a bank account and you're receving $10,000 payments?? You might want to get one...

    Western Union is the safest to receive the money as once the money is sent to you, it can't be taken back. Though if you'd rather use PayPal you'll be fine when not dealing with people and the possibility of chargebacks / disputes.

    Are you just going to keep all your $10,000 payments in your bedroom?
     
  6. ChapoGuzman

    ChapoGuzman BANNED BANNED

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    im not over 18 yet so not sure about the bank account thing, maybe I can get one never looked into it just assumed you had to be over 18 to open one up here in the US.
     
  7. ChapoGuzman

    ChapoGuzman BANNED BANNED

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    Take a bunch of selfies! lol

    naw but seriously, so paypal is okay for this since its a payment like a payroll type of payment rather then like a sale between individuals?
     
  8. mistodin

    mistodin Newbie

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    as far as I know, you cannot get cash with paypal. They only can send your money to your bank account.

    Paypal is extremely dangerous for large amounts as you are liable for any mistake you make that they consider to be outside their policy. They set the rule, they judge the case and let you totally naked. This result in money being frozen unpredictably. Their customer support is the worst you can imagine: they simply do not read/listen what you say and send you only robot automated answers.

    For spot business, it's probably fine, but you should test first on small amounts. For long term or strategic business, you want to diversify and not rely on such an unpredictable partner.

    WU is safe, but awfully expensive. Bank transfer is probably the safest solution. Many merchants will be happy to send you a check (eg: amazon) or do an electronic bank transfer and you can easily open 2 bank accounts to split the risk.
     
  9. Paper-Boy

    Paper-Boy Elite Member

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    Use someone else's bank account?
     
  10. tb303

    tb303 Power Member

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    How about Paypal or Payoneer and get one of their debit cards to draw out cash at an ATM? There will be fee's and daily limits on this though.
     
  11. tanyaa

    tanyaa Newbie

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    You can use moneybookers..But to use moneybooker u need to open an bank account.And it will be reliable.I am also using this for receiving money from anywhere.Its tax rate is low.:)
     
  12. ChapoGuzman

    ChapoGuzman BANNED BANNED

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    thanks for the replies.

    Can I get them to just send me a check and cash it at anybank without a bank account?