What to do with earnings

wceo1 · Nov 3, 2014

Is it better to have your earnings (say, from CPA) wired straight to your bank account or to go through paypal first? (if the latter, why?) Having a paypal account seems to be the stat quo on this forum and i'm trying to understand the reason why

Also, from your experience, has your (or anyone else's) bank ever raised suspicions or asked questions about where your money is coming from when you started earning from IM?

Thanks a lot

Bot Solutions · Nov 3, 2014

In case you want to reinvest it i would go with paypal, so i don't have to tax the money.

Otherwise i would totally avoid paypal, due to the fees and their idiot limitations&restrictions.

Mr.Whitehat · Nov 3, 2014

As said above, receiving money directly to bank will force you to file tax returns in each accounting year. Rather if you receive it to your paypal account with no restrictions, it will help you out for reinvestment purposes. While using paypal, there is always high element of risk. They can block the account at any point of time and sometimes with no valid reason.

seo001 · Nov 3, 2014

Paypal = No need to worry about TAX - (There is a risk always to keep going money on paypal. Sometimes they BAN for no reason)

Bank = Your money is always secured - (You need to pay your tax correctly)

It depends on your situation and requirements bro.

wceo1 · Nov 3, 2014

ok thanks. also from your experience, do banks ever raise suspicions or ask questions about where your money is coming from? particularly if its a large amount on a regular basis (like 1k+ a week)?

helpinghand · Nov 3, 2014

If there is any way to avoid using gaypal then you should use it.

I personally hate paypal and disputes. Every time buyer wins

jonnyholiday · Nov 3, 2014

ahahahah. that's true!

What to do with earnings

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