All about PayPal – Complete 6 Section Guide – Section 5-6
Section 5: Cashing out – All about PayPal
Now we get to the fun stuff, being rewarded for all our effort. In my opinion, cashing out is the easy part. Building as well as maintaining the transfers and middleman accounts is what requires the most work! There are literally 100’s of ways to cash out a PayPal account but in this guide I will be focusing on 3 methods I use almost daily.
Method 1: Cashing out via freelancing sites
Overview: You might have heard of some variations of these but this system the way I lay it out is one of the most effective cashouts. What were going to do is make a profile on several sites like elance.com, odesk.com, freelancer.com peopleperhour.com etc.
Now the great thing about the above websites is that they accept PayPal. And can also pay out via paypal OR wire transfer to any bank. This is great for us since PayPal has a lot of restrictions on which bank we can use etc. But the freelancer sites accept pretty much any bank and we can also spread out the payments across 3-4 platforms with the same bank account! That means we can even use a high limited polish bank account that are very cheap to cash out with.
You can even use pre-paid cards like Payoneer card which is very easy to acquire with drops. And scan but is more limited on funds received.
Step By Step:
- 42)Get a bank drop(see resources section). Some vendors will even send you tracks. This means you don’t need a drop(but you will need to invest into a card writer)
- 43)Use the same personal info from bank drop to create a profile on elance.com, odesk.com, freelancer.com
- 44)Attach the bank account to the freelancer sites
- 45)Then Fill the account with a realistic profile and portfolio(can look up others for ideas)
- 46)Create buyer accounts on the same freelancer sites on the second tier middle man accounts
- 47)Then Post jobs under the buyer accounts
- 48)Apply for a said job with a worker account
- 49)Then Accept the work
- 50)Payout to the working account So to recap we need to build the sales funnel described in section 3,
so the transfer process should look like this: Creditcard/paypal credit > gateway > middle man 1 > gateway/eCommerce site > middle man 2 > odesk/elance/freelancer > bank drop. Now the sites do hold the money for 6 days before sending out the transfer to your bank drop. But that shouldn’t be a problem as the funds are almost clean by middleman 2 anyways if you followed the above layout.
With a proper funnel, you should be able to cash out 5-10K a week no problem with this method.
Method 2: Alt Coins I know some of you are going to roll your eyes at this. But it’s probably the most effective way of cashing out a PayPal account with minimal investment… While bitcoin is super popular and people have already caught on to fraud. There are plenty of other online coins that people are still trading with PayPal as a platform. Most of these people are hobbyists, wannabe traders etc that aren’t aware of the “dark side” of these coins.
Certain websites sell $250-$500 per day of altcoins with PayPal and only require simple scans! Just to put some perspective on it once I get this method rolling I can easily cash out $500-1K per day from a single account. I don’t want to list specific websites on this guide.
As I’m sure they will be burnt if were all using the same ones. But I have 50+ of these I can use so send me a PM. And I’ll send everyone different links With that said a simple google search such as “dogecoin trading”. Or “buy XYZ coin” will bring you back results, sift through them. A lot of the coins have their equivalent of LocalBitcoins but still, use PayPal.
When you sign up for these it will be slow at first as you gain trust. But after a while, you can start having some nice daily cashouts. Then it’s just a simple matter of trading the coins for bitcoins. Again you want the cashout account to last as long as possible as you can build trust that way. And lead to bigger cash outs so you should still follow the PayPal transfer funnel
Credit card/paypal credit > gateway > middle man 1 > gateway/ecommerce platform > middle man 2 > cashout account > alt coin
Method 3: Buying physical items to drop If you have access to drops this is a quick and easy way to cash out. TIP: If you can I would buy ucard’s drop guide if you’re interested in this method. You can also make an eBay account with PayPal and buy physical items and ship to drop. There are a ton of easy things that you can re-sell for nearly the same value locally such as gold bars, coins, rare currency, rare stamps, etc. The good thing about this is that you can keep re-using the same drop for a while.
If you don’t live in the US you can use the many fence/re-ship options on EVO although this will cut into your profit margin heavily. TIP: If you live outside the US you can make a cash-out account in the same country that you live in and buy items online locally from various websites that accept PayPal.
SECTION 6: RESOURCES – All about PayPal
Bank drops
There’s also a bunch of vendors popping up that you can use their drops for commission. While I haven’t used them myself yet some look reliable. Credit cards/full: great quality cards, I think I bought nearly $15 000 in cards from Platinum, fullz, and CC
SIM CARDS: FNUFNU
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Well, that just about covers everything. Good luck and if you have any questions send me a PM!
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