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PayPal Moneymaking - or a scam?


I am interested in your opinions regarding the following proposition. I'm a little weary - but wanted to see what others think.

please read below.




Many people, including myself prefer to pay for merchandise with paypal.
International Paypal members, like the company that I'm working for
(Alfmeier Industrievertretung GmbH) don't have the option of withdrawing
funds from Paypal directly to their bank accounts. What I do, as their
affiliate payment processor is quite simple: I am notified when a customer
wants to pay with paypal (the amount and date of the payment). After he/she
makes the payment I have to confirm the receipt so they can ship the
product. I keep 14% of each payment (my commission) and send the rest of the
amount received using Westernunion to them. I only process payments from
verified US customers, around 3 orders per week. Of course you will keep the
entire commission, should be about $400 / week, depending on the company
sales.
If you think you can handle it I can ask Patrick, the manager, to send you
full instructions. Please let me know by tomorrow, I want to settle this
before I leave.
Thank you,

More Information :
This is a German company, Alfmeier Industrievertretung GmbH, selling
electronic stuff. I'm working with them for 8 months or so. They can handle
European orders themselves, but they use an affiliate to handle US orders
thorough Paypal. When they receive an order from a client in the US who
wants to pay with Paypal they notify me that I will receive a payment. The
client sends the payment to my account and I have to confirm the sender's
name, his confirmed address, paypal ID and the amount sent to the manager.
When they receive my confirmation they validate the order and ship the Item.
Then I keep 14% of the payment which is my commission and I send the rest of
86% to them using Westernunion.I usually receive 3 payments every week,
sometimes even 4. This is only temporary (four weeks) until I return. So if
think you can handle it and want to make an extra buck just let me know!

It goes like this
......additional subsequent email...


There are 2 funding methods : fast fundnig and normal funding

fast funding is to make the westernunion in 24 hours after you get the money in your paypal
normal is to make the westernunion transfer in 48 hours after you get the money in your paypal

So in any way you will have to give your own money before you get the money in your bank account because paypal takes 3-4 days to get the funds in your bank

But if you have an account with Bank of America or you can open one , you can process payments for their returning customers and then you will get Wire transfer in your bank account and the send the money to them , so you can make the payment to them in 24 hours after you get the money in your bank account from the wire transfer , then withdrawl and pay , that way you will not use your money

Notify me if you can still help me out

Comments

  • is the 14% commision before or after the paypal fees? also, who pays the western union fees?



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  • also if the buyer(who sends you the paypal) decides to submit for a refund you have no tracking #'s to resolve the situation. so paypal will take the refund out of your acct to pay the buyer. this could happen after you western union the money to the company you are doing this for. so you have the chance to lose some money. the company could be making up sales then have you transfering this money and then bang you through paypal legally.
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