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Can a Legit PayPal Account Still Get In Trouble?

Discussion in 'Business & Tax Advice' started by yao1994, Oct 31, 2009.

  1. yao1994

    yao1994 Regular Member

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    I want to sell my eBook with PayPal but the horror stories are scaring the crap outta me...

    My account has real info registered with it and I won't be doing anything shady. PayPal has very low fees so it looks good to me.

    Should I go with them?

    Thanks
     
  2. loamigad

    loamigad Jr. VIP Jr. VIP

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    If you have sent in legit docs and such, then it should be fine.
    But if the fraud rate is high then paypal is losing money(cc chargebacks), and it's anyone's guess how they'll act.
     
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  3. spud--1

    spud--1 Jr. VIP Jr. VIP Premium Member

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    They will limit ANY account, the more money you have in it the more likely it will get limited.

    cheers
     
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  4. oxonbeef

    oxonbeef BANNED BANNED

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    I heard Gods paypal account got limited.
     
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  5. yao1994

    yao1994 Regular Member

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    What's a good alternative?

    2CO has high fees.

    CB has even higher fees but can draw affiliates.
     
    Last edited: Oct 31, 2009
  6. Hanginout

    Hanginout Newbie

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    If you are all legit apply for a paypal debit card. Pull that money out of your account as you make it. At least they wont get to keep your cash
     
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  7. mr.breakit

    mr.breakit Jr. VIP Jr. VIP Premium Member

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    at another company we had we tried to get another merchant account with paypal and as soon as they heard it was a financial services company they closed black balled my bosses acount and he had the account for 5 years and had moved over 100k through it over that time so yea they can really mess with ya
     
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  8. thepinkx

    thepinkx BANNED BANNED

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    If everything your doing is legit get a real merchant account its not that hard .Real businesses use real merchant accounts I dont see any business or real business online or in my neighbor hood useing paypal .Paypal is a easy solution for a quick fix however if your looking long term get a merchant account and if you must take PayPal also for what every crazy reason use ccnow gateway they will allow you to have a real merchant account and take paypal .They will deal with paypal so you dont have to worry about them locking your funds.
     
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