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Cashing out PayPals to EMI?

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Octagon

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Dec 2, 2020
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#1
Hello

I have a question regarding methods of cashing out Different PayPal accounts having different names to EMIS.

Here is the scenario.

PayPal unlocks withdrawl options based on the country the PP account is created.

Let's say a PP account is having two options. VISA card and US bank account for withdrawl.

In EMI, We would create VCC or even Physical card to withdraw funds and they are successfully withdrawn to the EMI.

Another scenario, is to connect a virtual USD account [if applicable] to the PayPal to withdraw.

I know that PayPal won't connect to the same card or bank account on two different accounts. That's why each time we will be generating VCC or Bank account to link.

I'm aware that most EMIs won't do more investatgation if the money is coming from reputable gateways like PayPal or stripe. They probably shift the risk to the gateway.


My Question is

Would any EMi care if Multiple PayPal accounts with different names withdraw to them?

I've seen a lot of providers use thier Wise VCC as a service to let customers withdraw from PP to cashout.

I'm about medium withdrawls up to $20k-$30k per month.
 
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#2
Simply Setup A Receiving Biz PP acct, solely for the purpose of receiving incoming payments from multiple PP accts.

Biz PP acct, would be linked with a Biz bank acct, enabling paypal funds auto debited into biz bank acct.

biz bank acct funds purchases Crypto directly on EMI via biz debit card/DSP .

Biz PP acct-->Biz Bank acct-->Crypto Emi .

do take note most crypto EMIs, allow for crypto purchases via debit cards with same name as bank acct and same name as crypto Emi.
 
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#3
Do you offer this as a service to withdraw closed PP accounts or why is this an issue at all ?
 
#4
VESTANON said:
Simply Setup A Receiving Biz PP acct, solely for the purpose of receiving incoming payments from multiple PP accts.

Biz PP acct, would be linked with a Biz bank acct, enabling paypal funds auto debited into biz bank acct.

biz bank acct funds purchases Crypto directly on EMI via biz debit card/DSP .

Biz PP acct-->Biz Bank acct-->Crypto Emi .

do take note most crypto EMIs, allow for crypto purchases via debit cards with same name as bank acct and same name as crypto Emi.
Click to expand...

This is not what I mean.

Making only one PP to receive incoming PayPal transfers from multiple PayPal accounts is not a good option at all.

The scenario I'm trying to explain

I will be using my own EMI to generate VCC or Virtual Banks and give those to People who want to withdraw funds from their PayPal account.

So everytime I have a client ,I will be generating one dedicated VCC or Virtual bank for him to link.

Would EMIs ever care about this and see it as a fraud or suspicious?

For example, People I know who are working in this field, Generate 3 wise VCC everyday and link it to different PayPal accounts [clients' accounts]

so basically between 100 to 150 client each month

Does this look suspicous to wise or any other EMI That allow this?

uplana said:
Do you offer this as a service to withdraw closed PP accounts or why is this an issue at all ?
Click to expand...
Thinking of doing this as a service, since I already have some recurring clients.
Both, closed and open.

Some people choose don't have anything to link and prepare to hire a third party service with a commission based for this.

I'm asking if this could be a suspicious issue or any thing that can come up to the mind of a risk team.
 
#5
Octagon said:
This is not what I mean.

Making only one PP to receive incoming PayPal transfers from multiple PayPal accounts is not a good option at all.

The scenario I'm trying to explain

I will be using my own EMI to generate VCC or Virtual Banks and give those to People who want to withdraw funds from their PayPal account.

So everytime I have a client ,I will be generating one dedicated VCC or Virtual bank for him to link.

Would EMIs ever care about this and see it as a fraud or suspicious?

For example, People I know who are working in this field, Generate 3 wise VCC everyday and link it to different PayPal accounts [clients' accounts]

so basically between 100 to 150 client each month

Does this look suspicous to wise or any other EMI That allow this?


Thinking of doing this as a service, since I already have some recurring clients.
Both, closed and open.

Some people choose don't have anything to link and prepare to hire a third party service with a commission based for this.

I'm asking if this could be a suspicious issue or any thing that can come up to the mind of a risk team.
Click to expand...
this is against their terms of service, you can't use wise for providing financial services to third parties.
therefore you do have a risk here.
 
#6
VESTANON said:
Simply Setup A Receiving Biz PP acct, solely for the purpose of receiving incoming payments from multiple PP accts.

Biz PP acct, would be linked with a Biz bank acct, enabling paypal funds auto debited into biz bank acct.

biz bank acct funds purchases Crypto directly on EMI via biz debit card/DSP .

Biz PP acct-->Biz Bank acct-->Crypto Emi .

do take note most crypto EMIs, allow for crypto purchases via debit cards with same name as bank acct and same name as crypto Emi.
Click to expand...
Can you name any crypto EMIs?
 
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