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Are There Western Union Limits Daily or Weekly Limits?

Discussion in 'Making Money' started by Illusive672, Oct 2, 2016.

  1. Illusive672

    Illusive672 Newbie

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    I currently been using Pay Pal to receive money.

    If I collect 5 different transactions throughout the week of $800/ech transaction using the same ID Name. Will I run into a weekly limits and are there daily limits for Western Union?
     
  2. growsocialworld

    growsocialworld Junior Member

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    I think there will be a limit to per person, if you overlimit that there might be a suspicion of money laundering....
     
  3. sevnthaxiom

    sevnthaxiom Registered Member

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    If I were you, I would avoid using WU for continuous wires. I was receiving $2k a week, after the third time, they started their own investigation. They report this to the IRS, DHS. They will look at it as either money laundering, terrorism related, etc. Point is, They monitor WU very, very carefully. they are only Good to use every once and a while. Anything over $500 weekly will get them to look at you. Use PayPal Business.
     
  4. Illusive672

    Illusive672 Newbie

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    @sevnthaxiom Thank You for the heads up. I think I will stay away from them.

    U was thinking about using a VCC PayPal verified account to receive and send money.

    Is Paypal Business a better option for this type of transactions?
     
  5. sevnthaxiom

    sevnthaxiom Registered Member

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    Yes. Because PayPal is a Private business, so most of your transaction's are private. But remember, Any transaction of 5k or more they have to report it to the federal Government. and If you have 10k or more in your account they also are required to report to the Feds. If you are planing on large transaction like that I would advice to spread them across different services. Greendot, Skrill, Walmart Money Card. Paypal. If you are paying taxes on your money, paypal is your best bet if you do not deal with shady people.
     
  6. AstTrailerParkSupervisor

    AstTrailerParkSupervisor Newbie

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    as @sevnthaxiom said, spread your transactions around... and depending on how much cash is flowing you should do it often. incorporate Payoneer as a supplement to paypal and others and read TOS and most importantly other users' methods of moving money in terms of how much before a certain company takes different actions. You can avoid a lot of headaches by not using one single method to govern every financial aspect of your income.
     
  7. Illusive672

    Illusive672 Newbie

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    Thank You Guys. That was a lot of great advice to take in.
     
  8. sevnthaxiom

    sevnthaxiom Registered Member

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    Like I said, its all about what you are trying to do. Me myself, I do not consolidate all my transaction through one services.
     
  9. Illusive672

    Illusive672 Newbie

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    @sevnthaxiom I will start using a wide arrange of payments ways. Then once I got steady income I will try to move over to Bitcoins.

    The only thing idk how quickly I'd be able to resell the Bitcoins to get cash. That's my only concern.
     
  10. sevnthaxiom

    sevnthaxiom Registered Member

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    Liquidating bitcoins is a bit of a pain in the ass. You will have to consult someone who deals with bitcoins on a day to day basis.
     
  11. FrankB.Ayala

    FrankB.Ayala Newbie

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    I don't think they do, because they charge just 10%, which you pay.
     
  12. Illusive672

    Illusive672 Newbie

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    @sevnthaxiom As a temporary alternative I was thinking of receiving cash to a P.O box but in a envelope with papers in it to conceal it's cash.

    Remember I only get small cash amounts of maximum $800 at a time. And like $225 at minimum. So I don't think it should raise any flags.
     
  13. sevnthaxiom

    sevnthaxiom Registered Member

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    A bit of a risk.