Wanting to make anonymous transactions doesn’t mean that you’re up to no good. Sometimes it just means you want to protect your identity and protect yourself from cybercrime as well. An anonymous PayPal account is the perfect solution here, especially for small business owners or consultants who work from home. It enables you to receive payments without revealing your identity.
Most online payments are carried out through conventional methods such as Amex, Discover, Visa, and MasterCard. However, PayPal is also one of the largest global payment solutions and the best part is that this platform allows you to accept online payments from all over the world.
Here are some tips on how to use your PayPal account anonymous.
1. Set Up the Account
You can use PayPal for personal or business transactions, and you’ll have to decide which is which when you setup your account. A business account offers a higher transaction limit but it requires that you have a business name, business email, business website and phone number at hand.
In addition to business details, you need to also provide your personal details as the owner. Everyone can see the business details but you can choose to hide your personal details because PayPal only wants them for administrative purposes. Once you sign up you have to set up your anonymous PayPal account for payments.
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2. Set Up Payments
PayPal will ask you to add a payment method. This could be your credit or debit cards from your personal bank account, business account, or they’ll ask for a Prepaid Internet Master Card depending on where you are. Your PayPal account doesn’t necessarily have to be linked to your bank account and you don’t have to withdraw money from your MasterCard even though you’re using it as a payment method. PayPal will carry out a $1 transaction after you’ve linked your card so that you can receive a PP CODE.
If you look into your bank statement you’ll notice that the transaction details include the PP CODE. Add this code to your payment setup section to get approval from PayPal and start transacting anonymously. This shouldn’t take longer than 24 hours at most.
3. Start Receiving Payments
You can start using your account after the approval process. Then you can create payment links and distribute them to clients. You can also use PayPal to generate proactive invoices. Alternatively, just give people your PayPal email address and they can send you payments instantly.
Here are some of the most important things to keep in mind when it comes to making PayPal payments:
- Start small and only make bigger payments as you move along.
- Encourage customers to use a single card when making transactions.
- Make sure there’s a 2 to 3 day gap between payments.
There are different reasons why your PayPal account can get limited but it’s usually for security issues. Either way, the platform will still allow you to receive payments from a different account or refund the money.
4. Try to Withdraw Payments
In order to withdraw payments, you must first allocate the funds into another verified PayPal account which is non-anonymous. This will make it easier for you to withdraw your funds. You can then make anonymous transactions using your actually PayPal account that’s linked to a non-prepaid VISA card. The only downside to adding a non-prepaid VISA card is that PayPal can always take funds from it in order to fulfill a refund.
Well, there you have it! That’s all you need to do to create an anonymous PayPal account. It’s totally legal and above board, and has a high payment limit of up to $7k depending on your location. Of course, if you surpass that threshold then you can always set up a new account.
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