Currently , I'm 16 years old so I don't have a bank account . But I make pretty good amount of cash online . I used to withdraw using my uncle but now he told me he won't withdraw for me because in this case he'll pay more taxes as he is in The US (I'm not in The US but its my uncle) So I'm thinking of using somebody to withdraw money for me and send it to my mum's bank account since she don't have a paypal . So Should I trust somebody for large amounts like $1000 ? Or I shouldn't because I've seen many people got scammed this way . ------------------------------------------------------------------------- For Mods : This topic isn't for money exchange request , I'm just asking if its safe or not . -------------------------------------------------------------------------
First of all, to tell at an open forum as DP that you are 16 years of age and that you earn $$$ is itself not recommended! Online communities appear fair, but you never know the creeps would be just waiting for rich lads like you! Talk to your parents and they are the best ones to guide you anyday! PS: Greeds reading this must be already sketching a plan to lure you! Don't fall for any buddy!
Well there aren't many fees there I guess. You just transfer money from one paypal to another, and for each transaction you must pay your fees around ~ 3%, and in order to redraw your money to bank account you again have to pay fees. I'm guessing, but I'm not sure that the only tax that you must pay is the one when you redraw money into the bank account, and PayPal takes care of it taxes, by the sender or receiver. I also need more information about this one so any info would be useful. As for money exchange people, I think it's against Terms of Service to ask something like that on Digital Point, because many of those people are scammers. For example, one guy wanted to me to send him 1000-5000 euros in order for him to send me same amount of dollars. And since 1 Euro = 1.3617 U.S. dollars I would lose a lot of money. So I politely put that person on my block list and deleted him from my contacts. Bottom line is, if you want to do that, do it with someone you know really well, a good family friend, or a relative, and not a complete stranger.
@ MentalHead , I sent my uncle the money as a gift and I paid its fees .. I sent him $500 , He is in The US . He told me not to send to him again because he have to pay taxes for them , So how much taxes will the bank/paypal take when he withdraws the money and send it to another bank account ? Thanks All. And @live 2 write , Thanks for the advice and I'm pretty careful
All you have to do is set up some type of portfolio with a place like Ag Edwards Charles swabb or any other trusted investment service. Also you will need to set up a United states Post office box.
If you are going to do this, you should do it with someone you know personally in your city or country. If they default and run away with your money, you should be able to find them, ie: knowing their address. If its someone from a country 1000 miles away, you really have no solution.
When it comes to money, people can be bigger liars than the street beggar standing outside the bar begging for some change to buy a Big Mac. I'd be careful.
Tell your uncle to get real, your offering to put money into his bank account. A simple question for you, why not pay the tax he would have to pay on the money? And give him some $$ as well. Otherwise, find another family member who is keen to help you out. Obviously your uncle is a bit uptight
In that case, first of all you need to confirm that the person you transfer cash with is legit. just transfer a small amount of money every time, mayb you will lose something like 10%(i believe less) on the fees but it is better then lose it all. Good Luck