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If this method involves PayPal then my response is "oh hell no!".....However if there is a variation of it (no PayPal) with little to no possible AA then my response to those who partake in it is..... " lucky you! "....
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for those who are seriously thinking of doing this, make sure you will not need paypal for your ebay buying and selling. check this info if you care about losing your pp account:
http://www.doctorofcredit.com/paypal...morning-after/ I've read that since pp has your SSN (if you have a PPBDC, they have your SSN/address/phone number), if you're banned, your SSN will be flagged and your new account will likely be shutdown immediately. If you're going to use someone else's SSN, make sure the person will cooperate should there be an issue with the account. here's one of the replies to that discussion: The new acct got limited as soon as I opened it and PayPal was asking me to upload identification of address ssn etc. before I could send anything in they put it in permanent limited status. This was all within 24hrs |
While this Paypal angle of this H.E.L.L.O method seems to work pretty well, this was not the original method I had mentioned. It seems there can be many different variants and it is great that others are being explored, discovered and used.
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Originally Posted by Mamibear
(Post 24317426)
for those who are seriously thinking of doing this, make sure you will not need paypal for your ebay buying and selling. check this info if you care about losing your pp account:
http://www.doctorofcredit.com/paypal...morning-after/ I've read that since pp has your SSN (if you have a PPBDC, they have your SSN/address/phone number), if you're banned, your SSN will be flagged and your new account will likely be shutdown immediately. If you're going to use someone else's SSN, make sure the person will cooperate should there be an issue with the account. here's one of the replies to that discussion: |
Sincere question. What does AA stand for in this scenario? Is it account alert?
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Originally Posted by Phantom707
(Post 24318805)
Sincere question. What does AA stand for in this scenario? Is it account alert?
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Originally Posted by maksimfa
(Post 24315021)
It is only a matter of time before any deals get out into the open. Not even the mobs can keep their business private anymore when it is in human nature to share information.
Rule number 1, is don't expect anything to last forever, and most of all, know of possible AA. Much like someone might be stuck with amex gift cards, you may get your paypal account shut down. For most folks, getting shut down by paypal can be disastrous. Not only are you out of money for 6 months, but not being able to use paypal, for legit business might be a cut to income and incurred expenses. |
Is it possible to have any debit card be used as the PP debit card's backup funding source? If so, how can it be done? I'd be happy just earning 1% + 1 skymile/$ if possible.
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Originally Posted by adamant628
(Post 24319969)
Is it possible to have any debit card be used as the PP debit card's backup funding source? If so, how can it be done? I'd be happy just earning 1% + 1 skymile/$ if possible.
ETA: it might work to link ST or UFBD checking account as bank account back up. try that and see if it works. |
Originally Posted by Mamibear
(Post 24320112)
No, the only payment back up allowed is your bank account OR pp credit card. I tried to link a different CC, it wouldn't take it. When I got the pp CC, they linked it to my PPBDC.
ETA: it might work to link ST or UFBD checking account as bank account back up. try that and see if it works. I assume that simply linking the ST checking account will pull funds as a transfer, and not a payment. |
Originally Posted by Mamibear
(Post 24320112)
No, the only payment back up allowed is your bank account OR pp credit card. I tried to link a different CC, it wouldn't take it. When I got the pp CC, they linked it to my PPBDC.
ETA: it might work to link ST or UFBD checking account as bank account back up. try that and see if it works. |
debit card transactions make use of the ACH transfer protocol, the cheapest option available to the merchant bank. the backup is the interchange network to piggyback on. in the 2nd case the fees maybe ancillary but in the 1st case the fees are rather arbitrary and unecessary/additional to the actual cost of doing business.
in any case, pin purchases do not get you the 1% CB in a regular scenario. but the daisy chain method would get you N-1. now the Q is if PP is eating the IC fees, and if so, regardless of this thread they would have caught onto this leak real quick. |
Originally Posted by FTR 787
(Post 24320268)
debit card transactions make use of the ACH transfer protocol, the cheapest option available to the merchant bank. the backup is the interchange network to piggyback on. in the 2nd case the fees maybe ancillary but in the 1st case the fees are rather arbitrary and unecessary/additional to the actual cost of doing business.
in any case, pin purchases do not get you the 1% CB in a regular scenario. but the daisy chain method would get you N-1. now the Q is if PP is eating the IC fees, and if so, regardless of this thread they would have caught onto this leak real quick. |
I think I understand the method now.
The thing is it is true you can generate 1% (or 1.5%) per Paypal account with a PPBDC. However when you link with friends, you have to share the profit with your friends. If you have 10 accounts @ 1%, you earn 9% total, except for the first account. However the profit has to be shared between the 10 accounts. Assume each person has at most 2 Paypal accounts, this does not do much after all. I don't see why it is great except you can share the 0.7 MO cost with your friends or 3.95 MyCash cost. Am I missing anything here? |
Too Complicated for me to even deal with! Anything simpler out there? Getting tired of trips to WM and bowing to Kate 3x a week!!
Cheers! JudyJFLA |
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