My problem is that I think they’re just going to monitor everybody even if you don’t make $600 transactions on Venmo and such. I guess in theory I might be able to use Venmo and PayPal and such as a bank, and pay off credit cards directly with them. Think that could get around the flags too? I’ve had lots of money in those places anyway.
My problem is that I think they’re just going to monitor everybody even if you don’t make $600 transactions on Venmo and such. I guess in theory I might be able to use Venmo and PayPal and such as a bank, and pay off credit cards directly with them. Think that could get around the flags too? I’ve had lots of money in those places anyway.
Isn't PayPal considered a bank?
Reading up on it, apparently not, but I’m not sure how the IRS will handle that.