I do a lot of eBay transactions so I guess I fly under the radar. Accounts flagged if somebody just loads the money and transfers to the bank account.

Apologies if this has been answered, but I have read the last 15 pages.

Am I missing something, or is there really very little advantage of doing this than just buying vanilla gift cards directly and converting them to MO? Sure you save a dollar, but you have to deal with the hassle of paypal.

Is there some safe method of cashing out besides MO that I'm missing? I am an occasional e-bay seller, so not looking to get locked out.

given VR are so easy to get hold of, we look for as many ways to cycle them as we can

just set up a separate paypal account to handle "real" business

But vanilla gift cards are even easier to get a hold of. And at $4000 a month, isn't this just an $8 savings for the extra risky step? And isn't this paypal reload cards, not VR? What am I missing?

$16 per month if you have personal and business. That's $192 per year. I have enough passive expenses, am I going to incur more out of self-loathing or something?

Personally I like the fact that the cards have my name (not a problem in my neck of the woods, but plenty of reports that some CSR's are picky), and that they're easy to manage online. If a charge is reversed it goes right back into my account, versus digging through a pile of used GC's.

Also exciting new frontiers in 1% cash back making these cards net profitable.

Also saves you the trouble of having to liquidate a bunch of $500 Vanilla gift cards instead of doing a single BB/MO/BP transaction at Walmart every time with your debit card.

Thanks. After doing a little (lot) more research I get it now. The 1% is key.

Easier liquidation makes it pref for me.

I don't think the 1% is the key, but rarther that Paypal is easier to use for a lot of folks.

Paypal is paypal. Buy card, load paypal, done.

VR you buy, then have to dump it into another product, then take the money out.

Just did my first $500 paypal cash card, as my local cvs was out of VR, and I can see this being an additional avenue, once I max out BB.

I do have a legit business paypal account that does about $30k a year in cashflow, even took advantage of the paypal working capital loan, and did have to verify my account before, so it is established enough in my book.

I figure between this, AP, and VR... I am good for quite a bit.

Right now just looking at this primarily to complete my spend requirements on two Amex cards.

dupe... double tapped.

So am I correct to assume that it's relatively 'safe' to load $4k/mo./PP account and liquidate it exclusively by PP debit? I read about a couple of shutdown but it was a while ago. Any recent stories? Thanks.

If pp debit means using the card for purchases...you will not get shut down.

If you load and unload to a checking account you will be warned then shutdown.

I usually buy mo's...newest way to unload is evolve...you even get the 1%(probably)

http://www.flyertalk.com/forum/manuf...lve-money.html

They rarely share how they intend to use the account. Obviously technical options available exceed their implied proper account usage.
Many have figured - cash reload - offload to account might lead to shutdown.
They were not exactly happy for my usage of debit card just back-upped by my bank account.
I understand the primary goal of the debit card is to give Offline access to account balance. The account would be normally funded by some funds from sales... I'd guess.

Such balance is OK to withdraw to bank account, and OK to do whatever one want via the debit card.
Everything else is a stretch to my mind.
Another story is that they have become a bit more tolerable lately. But for how long...

I want to experiment with Paypal as an alternative to GC-->MO. Any advice or insight is appreciated!

My understanding is that Netspend typically shuts down their prepaid cards (including PP?) for patterns of loading with cards and unloading quickly through BP or MO. PP, on the other hand, shuts down for frequent loads that are withdrawn to bank accounts, possibly including to the PP prepaid card. My thought is that Netspend would be happy if it was loaded not (just) with VR, but with funds transferred from PP. PP would be happy if funds were transferred rather than withdrawn.

If the above is correct, then the following keeps everyone happy: load one (or more) VR to PP prepaid debit and one (or more) PP reload to PP1. Using PP1, transfer from PP debit to PP2. Transfer from PP1 to PP debit, then billpay. (PP1 is a new account created especially to link to the debit card. PP2 is my "real" PP account which I do not want one shut down.)

Are my assumptions correct? Are there other pitfalls?

Small datapoint for any business owners here who do Paypal Working capital (loan against future income).

Loaded a $500 cash card... and it counted it as income for purposes of loan. So... it will accelerate your payment schedule. Beware.