Say hypothetically a really rich billionaire wants to donate/invest a lot of money to/in you what would be the best non crypto option to get that money since PayPal most bank accounts for that matter would stop and question you on it and probably wouldn’t believe it’s a donation?
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check? EFT? ACH? bank transfer? depends on the amount. When you are dealing with that much money, Step 1: Accountant, Step 2: Attorney. You will be paying taxes, it is their job to minimize it. It is not your job to worry about it. If you are worrying about it, You. Are. Doing. It. Wrong.
They just make a bank transfer. The real issue is the taxation.
Every country has a threshold for how much someone can receive without paying taxes.
If my nigerian princes have taught me anything is that these kind of things are always best done by western union.
Using legit regular banks would be your best bet to avoid scams or being accused of fiscal crimes.
It depends on where the billionaire’s and your bank account are located (some restrictions may apply), but a normal bank transfer works perfectly for any amount. Of course for large amounts it’s better to contact the banks first because it may reject a large deposit if it comes out of the blue.
For donations there will be taxes and some bureaucracy, the anti money laundering will be triggered, but it’s nothing impossible to handle.
It’s a scam at best. At worst you find yourself being part of a death game, thinking you can win all the money by killing all of the other players - only to get executed in the end anyway.
They will only do this in context of a company. Get a lawyer to setup a llc. They do sometimes give money this way - see angel investors, but you need a company for legal reasons.
Tell them you want a meeting in person to discuss exactly what the investment plan is and what they envision coming from it. If they really wanted to invest “millions” then they won’t mind meeting in person
Unless he’s standing at your door with a big bag of clean dollar bills, ignore it.
They don’t.
If billionaires actually wanted to help people, they wouldn’t be billionaires.
Start a foundation, advertise that they are passionate about cause, reach out to you to arrange an in person meeting with you or your legal representative, write a check.
But also, it’s not a donation. You are not a 501c or a 527. There is a maximum gift allowance that is tax free in the US. You have to pay taxes on top of that amount.
You should go through your bank because your bank knows the relevant tax laws and theoretically is capable and willing of countering money laundering
You don’t get to be a billionaire by being nice. They will wring every last bit of value out of you.
The day a camel walked through a needle’s loop.
