Is it legal to rent out your PayPal Verified Account to someone else?


Question:
I was surfing craiglist and I came across this ad in the domestic gigs section:

Ebay or Paypal Trading help Wanted
Date: 2006-12-07, 2:52PM EST


Im looking for someone who would rent me there Verified Paypal account.

Im looking to sell with my ebay account Game-na, its brand new. Im willing to pay 1000 USD a month and free Playstation 3 console. I can give you a copy of my NY state ID and SS card and meet up and sign a contract agreement. I have ps3 units to sell on ebay and here is proof of stock, if anyone is looking to make money let me know.

I can show you pics of stock with ebay ID name.

Im looking for one person in my local NY area only.

This smells of trouble. I'm not the one that posted this. I would NEVER do something that dumb.

Answer:
Sounds like big trouble. Hopefully nobody would "dumb" enough to do it. They could find themselves facing charges for any criminal acts the "rentee" does on their account. (And if they were legit, they would just get a FREE account, not offer 1000 USD a month for somebody elses).
Smells extremely fishy.

My advice: stay well away.
I agree with dewcoons 100%. Why can't they get an account on their own? Makes no sense!
Its not legal and could open you up to a whole world of hurt, because your Paypal account is tied your financial information. yOu'd be giving this person free reign over your profile.

Actually, report the listing to craigslist, because it borders on fraud.

if he has a nebay id, he can get his own paypal account. to get verified, it only takes a week and a valid checking/savings account or credit card.
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