western union payouts....

seoulbrotha

Registered User
Forum Member
Aug 26, 2005
796
2
0
is there a way that higher authority will be able to detect alot of payouts through western union. in other words, could you get busted if you win alot and want to get paid. i know the deal about getting small but alot of payouts. :shrug:

just kind of worried about it, any info would be really appriacited
 

Lucy11

Registered User
Forum Member
Oct 8, 2005
851
27
0
Seoulbrotha, roughly what type of $$? Do you plan on taking it out all at once? There really isn't any guarantee that everything will be fine. Unless you have a working knowledge of WU or have been contacted by the IRS/authorities it would be hard to answer your question. I've taken out $2,000-$3000 at times (not on a consistant basis) and haven't had any problems. Western Union needs a SS# for anything over $1,000 so you may want to divide it up. By doing this you will have to pay out your ass for the fees. Again not knowing a ballpark figure it's hard to offer advice. I had the same concern last year. I won about $13,000 in a month at Gameday. I had some of it WU (at the time they werereally not using WU because of problems) the majority of it I had sent via internet cash card. I requested a card and it came in a week. I was able to withdraw $2,000 a day I think. Yes I had to hit a few ATM's, but I felt it was safer. Just something to consider if the book has this option. Hope this helps.
 

danmurphy jr

Registered User
Forum Member
Sep 14, 2004
2,966
5
0
The IRS is aware that they are losing $$$$$ to Internet businesses. They have come down on PayPal-Net Teller is next and so on.
WU has been in business 150 years, they will give up their records in a NY minute.
Examples: Buy your girlfriend a pair of shorts for 50 bucks, let her wear them for a week and then sell them on Ebay as Jessica Alba's for $200, you need to declare $150 as Income.
If you withdraw $2000 from WU, guess what? How much(losses) did it cost you? GL!
 

LetsMakeMoney

~Gambla~
Forum Member
Mar 6, 2005
19,452
92
0
46
Sin City
i've been doing WU and Neteller withdrawls for a while now and haven't had any problems yet nor do i think i will have any.....as long as u take out about 600 to 700 at a time(yea u will pay some fees through your ass for WU) but hey its worth not getting in trouble with the IRS.....BTW i'm sure the IRS knows whats fgoing on, they are not stupid but they got bigger fish to fry than to come after us small fishes............remember take em out in small increments and not all in a week spread it out........GL
 

The Judge

Pura Vida!
Forum Member
Aug 5, 2004
4,909
29
0
SJO
Lucy11 said:
Western Union needs a SS# for anything over $1,000 so you may want to divide it up.
While I know there is a limit as to how much you can collect from WU without having to provide your SS#, it is more than $1,000.00.

I have collected six seperate payments of $1,200.00 in the last two weeks and the agent never asked for anything but my ID.
 

Lucy11

Registered User
Forum Member
Oct 8, 2005
851
27
0
"While I know there is a limit as to how much you can collect from WU without having to provide your SS#, it is more than $1,000.00." This is what I thought it was and was asked for it multiple times and places. If I'm off I apologize. Come to think of it my last withdrawl was $1,200 from Nine.com and I wasn't asked for it.
 

seoulbrotha

Registered User
Forum Member
Aug 26, 2005
796
2
0
thanks guys

so withdrawing about $800 every other day is cool, or every week, with is better, or it doesnt even matter cause there is bigger problems to deal with?
 

ageecee

Registered User
Forum Member
Aug 17, 1999
21,638
47
48
59
Louisiana
seoulbrotha said:
thanks guys

so withdrawing about $800 every other day is cool, or every week, with is better, or it doesnt even matter cause there is bigger problems to deal with?


I wouldnt withdraw money every day. I couldnt send or receive money from WU due to my account activity with WU. I guess ive sent so much and received so much that they put a freeze on me about sending money. They told me the Compliance Board at WU wanted me to answer a few questions like why i was sending money, who was i sending it to,what was my b'day, SS# etc etc. I never called them so i have no idea if im still on there list
 

Lucy11

Registered User
Forum Member
Oct 8, 2005
851
27
0
Let's say you have $4,000 you want to take out and you plan on taking out $800 twice a week. You will have 5 withdrawls and each one will cost about $75 to $100 to send. Hey if thats fine with you go for it. Personally I would find another method or just do 1 Wu withdrawl and take your chances. All of those shipping costs is nuts.
 

AR182

Registered User
Forum Member
Nov 9, 2000
18,654
87
0
Scottsdale,AZ
the book will give you instructions on where the fed ex should be sent....& they usually pay for the charges.....

some, like pinnacle will give you their fed ex account number & some will credit you the money that you layed out for the fed ex charge.....
 
Bet on MyBookie
Top