Shopping with NETeller- Store open

[GrannyMae]

http://www.cashoutshop.com

sorry mike. that thread is killing my front page and load time. maybe they will start fresh here.

[img]/images/graemlins/wink.gif[/img]

[krazyace5]

Got an Amazon gift certificate thru here, evrything went smooth.

[CWsports]

Can someone please explain to me the advantages of the Neteller store? It looks like you have to pay $500 for a $500 gift certificate and then an additional 2% or so on top of that? I'm not sure what I'm missing.

[El Barto]

[ QUOTE ]
Can someone please explain to me the advantages of the Neteller store? It looks like you have to pay $500 for a $500 gift certificate and then an additional 2% or so on top of that? I'm not sure what I'm missing.

[/ QUOTE ]

It's all about cheating on your taxes. No transfers or deposits to your bank to be reported to the IRS, making it easier to not report your income and not get caught.

[CWsports]

Thanks. I figured it was an IRS issue but just wanted to be sure.

[mike1212]

[ QUOTE ]
Can someone please explain to me the advantages of the Neteller store? It looks like you have to pay $500 for a $500 gift certificate and then an additional 2% or so on top of that? I'm not sure what I'm missing.

[/ QUOTE ]

You pay face value for each certificate, nothing more. CashOutShop covers the Neteller transfer fees so a $500 certificate costs $500.


[ QUOTE ]

It's all about cheating on your taxes. No transfers or deposits to your bank to be reported to the IRS, making it easier to not report your income and not get caught.

[/ QUOTE ]


The store isn't there as a way to avoid taxes. You still owe taxes on your income no mater how you spend it. It is there however to provide a quick, no fee way to spend your Neteller money at 100s of stores.

In addition a points system is about to be implemented which will essentially result in a .5% - 1% rebate to customers. It will be in the form of points redeemable for Amazon certificates. You will need to earn a certain level of points before you can redeem. I'm currently trying to add the feature to the website and hope to have it up soon, but I've run into some snags. The good news is that there is no need to hold off on your order until the point system is implemented since points will be awarded retroactively. All of your orders since the inception of the store will count towards your point total.

So there's another reason to use CashOutShop.

Thanks everyone for your business and a big thanks to everyone that has posted a review of their experience with the store.

[imitation]

Its all so a convenience issue for some people.

[icepick]

What benifits (if any) does this have over an ePassporte account?

Once the ePassporte account is set up, it's free to fund via withdrawls from poker sites, and acts as a visa card. So, no 2% hit, plus it's accepted anywhere.

I don't see it being any better or worse from a tax evasion point of view, not that I condone that. Neither method has the cash hitting your bank account. Sure, the IRS could look at your ePassporte transaction history, but then again they could do that to Neteller or the Neteller store too.

[El Barto]

Interesting. How much is ePassporte likely to share with the IRS?

from their website: [ QUOTE ]
ePassporte cards are issued by St. Kitts-Nevis-Anguilla National Bank Ltd., Basseterre, St. Kitts, West Indies.


[/ QUOTE ]

[cjs]

So the only fees associated with this is the intial deposit fee and yearly $5 acct fee? If this is true why bother with EFT's to your bank or shopping from neteller? You can shop from epassporte.