Many readers have been messaging us lately asking about the HELLO method. Out of respect for fellow bloggers, we have not written any posts that directly address this little known method.
But now that the HELLO Method has been discussed openly in several manufactured spending forums, we think that it’s the proper time to bring it to our readers as well.
WHAT DOES HELLO STAND FOR?
It is a PayPal spending method that stands for Have Eachother Laterally Link Others.
HOW DO YOU USE IT?
For those of you that have PayPal, when you set up the funding account, in addition to funding it through the traditional methods (checking account or credit card), you can also fund it by linking a PayPal Business Debit Master Card belonging to a family member or a close friend. The number of links that you can do is currently unlimited, which brings us to the next question.
HOW DO YOU MAKE MONEY?
Well, as you know, PayPal Business Debit MasterCard gives 1.5% cash back in various purchases, including purchases at CVS. By linking other individuals’ PPBDMC accounts as funding source to your account, each Paypal account will earn 1% for purchases, theoretically creating a loop of accounts piggybacking off each other. So, by linking up 5 friends, you would earn a total of 10% cash back in rewards.
But be aware that PayPal is known for shutting down accounts upon realizing that there is manufactured spending going on. In addition, they usually withhold the funds in your account for up to six months, limiting your ability to withdraw or use the funds for payments.