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Old 10-01-07, 08:59 PM
melioris melioris is offline
squeezed the charmin
 
Join Date: Nov 2005
Location: Milwaukee
Posts: 3,015
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you would probably have to get approval of all sites involved and have dedicated business accounts. The movement of money around these accounts would (hopefully) set off alarms at the sites.

I think it would get sticky for several reasons. First, the sites wave all liability between p-p transfers, but in granting to new accounts just to set up this business, they are implicitly endorsing your business and therefore have (perceived) interest in your company. Second, you would be currently running amuck of the JOD and IRS. This type of business is illegal in the US, no question. And when (hopefully not if) the US complies with the WTO ruling then it won't be an issue any more.

In short, great idea if you get approval from the sites and live out of country and don't plan on setting foot in the US.