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Direct Deposit


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4 replies to this topic

#1 Practicalfinancial

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Posted 29 July 2007 - 11:36 PM

How can I create direct deposit, so that I can take advantage of more offers that require direct deposit?

Does setting up a business account work?



#2 bonehead

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Posted 30 July 2007 - 12:03 AM

i looked into that awhile ago. YOU CAN'T.
first you will need to create a business and there are legal issues with that, second the government gets %15 of your pay check in taxes. it isn't cost effective.



QUOTE(Practicalfinancial @ Jul 29 2007, 11:36 PM) View Post

How can I create direct deposit, so that I can take advantage of more offers that require direct deposit?

Does setting up a business account work?





#3 Bankgeek

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Posted 30 July 2007 - 12:12 AM

QUOTE(Practicalfinancial @ Jul 29 2007, 11:36 PM) View Post

How can I create direct deposit, so that I can take advantage of more offers that require direct deposit?

Does setting up a business account work?



Set up a paypal premier account, it's free. Sell some items on ebay and have the customers pay using your premier account. The items could be old books or whatever for a couple of dollars. Just get them sold. Then use the account for direct deposit. Works.



#4 bonehead

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Posted 30 July 2007 - 04:44 AM

what about tax and legal issues?

also will the paypal "direct deposit" look different than a paypal ach?

QUOTE(Bankgeek @ Jul 30 2007, 12:12 AM) View Post

QUOTE(Practicalfinancial @ Jul 29 2007, 11:36 PM) View Post

How can I create direct deposit, so that I can take advantage of more offers that require direct deposit?

Does setting up a business account work?



Set up a paypal premier account, it's free. Sell some items on ebay and have the customers pay using your premier account. The items could be old books or whatever for a couple of dollars. Just get them sold. Then use the account for direct deposit. Works.





#5 Paperchaser777

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Posted 11 September 2007 - 12:15 AM

I believe you could also buy the stuff from yourself...

Does anyone have an updated list of who accepts paypal and who doesn't?







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