Sandman77 Posted September 24, 2013 Share Posted September 24, 2013 On google and YouTube just looking some videos where people open a PayPal acount and make money with different ways, 5 cent fee to the bank then open and close again! So the better idea make money with the exchange rate for example I will send 1000€ from my first PayPal acount to thai PayPal acount! On next day euro go down a half bath, If I remember right PayPal refound the sending fees when money was refounded right? In my calculation of 1000€ Total win is around 500 bath, did someone try this out? I think it should realy work! Link to comment Share on other sites More sharing options...
wolf5370 Posted September 24, 2013 Share Posted September 24, 2013 (edited) PayPal charges. This is poor man's forex (forex is not an easy game to make money in for the uninitiated - and very hard for tiny money like 1000Euros where charges will eat up any profit and add to the cost of losses). As with all get-rich-quick schemes, if they worked then the discoverer would be using them, not selling books and videos about them! You will probably find that refunding the amount paid from account to account where forex is concerned, will be reimbursed at the same amount (local currency both ends) as sent - with PayPal absorbing the differences. //Edit: Typos Edited September 24, 2013 by wolf5370 1 Link to comment Share on other sites More sharing options...
anthrosciguy Posted September 24, 2013 Share Posted September 24, 2013 One tenth of one percent return IF the currency goes your way (assuming this scheme even works as said). Forget little scams you discover on YouTube or wherever. Put your money in a low fee broad index mutual fund or ETF instead. Sent from my Nexus 7 using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
soi41 Posted September 24, 2013 Share Posted September 24, 2013 Khun Sandman! You are no doubt a future Nobel-prize Winner in economics! Have you considered offering your services to the PT-government. If they test your theory big scale, they don't have to borrow for their infrastructure projects! 2 Link to comment Share on other sites More sharing options...
yoshiwara Posted September 25, 2013 Share Posted September 25, 2013 This of course assumes that the currency swing is in your favour the next day. The second weak spot is that you need a lot of money deposited to trump the FX spread on Paypal. Link to comment Share on other sites More sharing options...
scobie redux Posted September 25, 2013 Share Posted September 25, 2013 Good grief. Good good grief. 1 Link to comment Share on other sites More sharing options...
darrendsd Posted September 25, 2013 Share Posted September 25, 2013 No you can't and if you kept switching money between PayaL accounts you would find theM closed down pretty quickly by PP 1 Link to comment Share on other sites More sharing options...
FalangBaa Posted September 25, 2013 Share Posted September 25, 2013 I love your posts, Sandman77. Your intelligence always shines through. Who doesn't wish he could earn as much as 500 baht a day? 1 Link to comment Share on other sites More sharing options...
CharlieH Posted September 25, 2013 Share Posted September 25, 2013 (edited) Oh please ! ........I mean, c'mon, really, seems like yet another post made by someone with way too much time on there hands, or desperate ! Edited September 25, 2013 by CharlieH Link to comment Share on other sites More sharing options...
jbrain Posted September 25, 2013 Share Posted September 25, 2013 I love your posts, Sandman77. Your intelligence always shines through. Who doesn't wish he could earn as much as 500 baht a day? The average Thai Link to comment Share on other sites More sharing options...
BookMan Posted September 25, 2013 Share Posted September 25, 2013 OP, did you get this idea from the Walen seminar? Let us know how it all goes for you. 1 Link to comment Share on other sites More sharing options...
Suradit69 Posted September 25, 2013 Share Posted September 25, 2013 No you can't and if you kept switching money between PayaL accounts you would find theM closed down pretty quickly by PP Yes, they do monitor account activities and sometime freeze accounts if there is what they consider unusual activity. Aside from that and considering the improbability any novice is going to play currencies profitably, PayPal is designed to make money for PayPal. If they don't freeze the accounts, they'll hammer you with fees. Link to comment Share on other sites More sharing options...
howzat Posted September 26, 2013 Share Posted September 26, 2013 too complicated for me Link to comment Share on other sites More sharing options...
stoli Posted September 29, 2013 Share Posted September 29, 2013 If you have a plan to make money off of corporations, and have lots of money to invest, call the casinos in Las Vegas. They will send the corporate jet to pick you up. No charge if the your credit line pans out. Link to comment Share on other sites More sharing options...
brit1984 Posted September 30, 2013 Share Posted September 30, 2013 maybe better just set up a charity website with some info about yourself and a "donate here" link to your paypal account Link to comment Share on other sites More sharing options...
bartender100 Posted September 30, 2013 Share Posted September 30, 2013 They would freeze your account in a heart beat, tying up your cash for months, they are very cautious of anything to do with Thailand Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now