Hello everyone, I apologise in advance if this message is too long, i'm just trying to share as many details as possible to make my situation clear.
I would like to get help from an opportunity that is going on in Argentina, maybe some of you already know about it , but in case you don't , i'll explain.
In Argentina there are different exchange rates for the pair ARS/USD. As an example at today's values, legal government rate is like 100ARS-1USD, however that exchange is almost impossible to get for civilians (mainly politicians and their family/friends can enrich themselves with this), then there is the debit c/cc rate for international and online purchases which is aprox 170ARS-1USD and finally there is the crypto rate which approx 195Ars-1Dai/USDT/USDC.
The opportunity is in the last 2 rates i mentioned, i already tested this and even made some money already, here is how i did it:
1- I created a Stripe account with an EU company (not well done, just the first i could get my hands on). Lets say
2- I would sell travelling services via a market place using this account and receive USD - Lets say sell 17k ARS, and i'll get approx 95USD (100USD - Stripe commision)
3- After 3 days, i'll transfer this money to different EMI accounts an would later buy Dai's on a p2p crypto platform, so for 95USD i got now 18.5K ARS and deposit that on a bank account in Argentina.
4- With the debit cards from this bank account i'll repeat the process.
However i'm out of business at the moment, as i'm sure you can already see everything that i did wrong:
1- EMI's will lock accounts cause of transfer made to purchase crypto, so i have to regularly open different EMI's, sometimes stopping process for weeks until i solve that.
2- Stripe locked my account for suspicious activity (they didn't bock any funds though, i guess i was lucky)
3- My set up sucked, i still risk stripe having reported the activity i did and the Tax man coming after me asking for explanations and their money, so i pulled back.
So the ideal situation would be to create a similar setup to what i had before but that can be anonymous/safe while handling continuous cashflow or create a set up where i can go from debit to crypto without it being explicit and being able to iterate quick, because of course Argentinian government doesn't allow purchase on any site that helps "jump" the system so, no online casinos, crypto sites, online exchanges, nothing that looks suspicious. They'll even block your card from buying from websites where your'e simply doing too many transactions with, it happened to me however they do this by name, so for example with Stripe i solved this since it has a beautiful option that allows you to change the information showed on the client's bank statement/receipt, so if they locked my site, i'll just change that and problem solved.
Of course there is much more to this than what i just shared, but these are the basics.
Finally i would like to say that i'm being as open and honest as i can be because i trust this community and its anonymity. Also i know that every person in this forum has different values but i hoped i won't get judge by sharing this. My idea is not to make this on a illicit way, on the contrary is to find out if there is a way to optimise it to a point where the setup is correct or even fully legal. I also don't mind paying taxes on the net profits if that makes it work.
Thanks in advance for any comment 🙂
I would like to get help from an opportunity that is going on in Argentina, maybe some of you already know about it , but in case you don't , i'll explain.
In Argentina there are different exchange rates for the pair ARS/USD. As an example at today's values, legal government rate is like 100ARS-1USD, however that exchange is almost impossible to get for civilians (mainly politicians and their family/friends can enrich themselves with this), then there is the debit c/cc rate for international and online purchases which is aprox 170ARS-1USD and finally there is the crypto rate which approx 195Ars-1Dai/USDT/USDC.
The opportunity is in the last 2 rates i mentioned, i already tested this and even made some money already, here is how i did it:
1- I created a Stripe account with an EU company (not well done, just the first i could get my hands on). Lets say
2- I would sell travelling services via a market place using this account and receive USD - Lets say sell 17k ARS, and i'll get approx 95USD (100USD - Stripe commision)
3- After 3 days, i'll transfer this money to different EMI accounts an would later buy Dai's on a p2p crypto platform, so for 95USD i got now 18.5K ARS and deposit that on a bank account in Argentina.
4- With the debit cards from this bank account i'll repeat the process.
However i'm out of business at the moment, as i'm sure you can already see everything that i did wrong:
1- EMI's will lock accounts cause of transfer made to purchase crypto, so i have to regularly open different EMI's, sometimes stopping process for weeks until i solve that.
2- Stripe locked my account for suspicious activity (they didn't bock any funds though, i guess i was lucky)
3- My set up sucked, i still risk stripe having reported the activity i did and the Tax man coming after me asking for explanations and their money, so i pulled back.
So the ideal situation would be to create a similar setup to what i had before but that can be anonymous/safe while handling continuous cashflow or create a set up where i can go from debit to crypto without it being explicit and being able to iterate quick, because of course Argentinian government doesn't allow purchase on any site that helps "jump" the system so, no online casinos, crypto sites, online exchanges, nothing that looks suspicious. They'll even block your card from buying from websites where your'e simply doing too many transactions with, it happened to me however they do this by name, so for example with Stripe i solved this since it has a beautiful option that allows you to change the information showed on the client's bank statement/receipt, so if they locked my site, i'll just change that and problem solved.
Of course there is much more to this than what i just shared, but these are the basics.
Finally i would like to say that i'm being as open and honest as i can be because i trust this community and its anonymity. Also i know that every person in this forum has different values but i hoped i won't get judge by sharing this. My idea is not to make this on a illicit way, on the contrary is to find out if there is a way to optimise it to a point where the setup is correct or even fully legal. I also don't mind paying taxes on the net profits if that makes it work.
Thanks in advance for any comment 🙂