Where to stockpile online money?

Basicly, i'm not 18 yet. I have money on my paypal, but the chance of me being limited soon is big. It's a non verified paypal and i'm looking to stockpile all my money somewhere or if even possible under 18, withdraw to irl cash. Runescape gp can get me banned, been there done that. Paypal gets me limited. What's left to do where the chance of me losing it all is near zero? All help is welcome.

 

Bank transfer?

 

Bank transfer's viable, or exchange it for WU and pick it up (most WUs don't ask for ID). You can also try exchanging it for gift-cards.

 

You don't need to be 18 to receive money through WU, just to send it. Not really ideal for storing online money however as he still wants to have access to it online. All you can really do is store it in online assets like BTC etc but yeh. How long do you have until you turn 18?

 

What if they do ask for ID tho, what happens with the money

I don't need online access, it's only if that's the only option.

 

They will ask for ID to confirm your identity but they won't care about the age.

 

They expect ID to be in the form of a license... At least in the US if I'm not mistaken. You can have the person in WU request to not use ID though, which they will need to prompt with a security question though. This is under a certain amount though.

If you have over a certain amount of money they MUST confirm ID - assuming they actually are trained properly. The sales people can actually lose their jobs if they don't check.

"Restrictions

Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination, country, currency availability, regulatory issues, identification requirements, Agent location hours, differences in time zones, or selection of delayed options. For Internet and Telephone Services you must use a credit or debit card issued by a U.S. bank. Qualifying PIN-based debit cards are accepted at participating Agent locations. A card issuer cash advance fee may apply. See Send form or online Terms & Conditions for details."

Talk to your local agent before getting a transfer to WU.

 

What about taxes, do i have to forward it to the state as an income

 

How much is it? If it isn't that much I don't think you'd need to worry. It might be best to PM Busta305 & mmorpg etc that actually do pay taxes for clarification however.

 

Depends where you live, I havent got even single chance to pick payment without showing ID, atleast in my town you have to show it or you can go back to home

 

I've received hundreds of $ through WU from lean and it's always been fine, no questions asked. They don't care what age you are as long as you have ID to pick it up (passport, driver's license etc) - all WU's it's been to have required ID.

 

Alright thanks for clarification roary, what are the fees like?

 

Pretty awful lol - but it's almost instant and it's safe.

They have a calculator for the fees and such if you google western union fee calculator and choose your country's site

 

Alrighty, would it be best to go bulk or do smaller size payments over WU so i don't get into tax trouble?

 

You should store it all in bitcoins.

Its a gamble, but might as well take it since your not seeing the money now anyways.

 

You can't get in trouble tax wise with this as far as I'm aware of... There is no tax on it and you cannot be monitored for it. Unless it is over $2500 (US, at least), you will not be questioned on your WU. If it is over that amount, they will ask for you to fill out a few forms first before they even let you near the money. - If you attempt to do it in separate transactions at the same location you will be requested to do so as well. This is not for IRS/tax purposes (from what I was informed of) but more so they make sure you're not sending/receiving money for massive drug deals, illegal activities, etc.

If you do it in smaller sizes, you will get a substantially larger total fee though. Do larger and you will cut down your overall total fee.

 

Do it just once otherwise you will get raped so hard with WU fees

I wouldn't take the risk with the US government looking to liquidate their millions of bitcoins they took from silkroad etc, too volatile imo.

Yeah I heard a lot of criminals used WU, more in the states etc than elsewhere.

 

Bitcoins

 

what about fluctuation? Is it really stable enough?

 

How much money is it?

I'd opt for WU, one transaction.