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I've just lost $3k, guys

Discussion in 'BlackHat Lounge' started by cbnoob, Jul 14, 2011.

  1. cbnoob

    cbnoob Senior Member

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    So I made my biggest sale ever in my life last week with $3k in total value by selling my websites. I thought using sedo or escrow will take a long time so I agreed with the buyer to use paypal.

    I decided to withdraw some money to my bank for offline use and suddenly receive email from paypal that my account is limited due to "suspicious activities". After three days providing them the proofs they need, my account is limited and the fund will be release in 180 days.

    Well, that's really a bad news because I have the plan to re-invest with that money and now I have to delay my plan.

    It sucks, to be honest but it's not the end of the world. I built the sites and get that money after six months and I think I can get the more with less time, around 4 months (creating content and SEO).

    My lesson after this incident is to withdraw the money to my bank account first and then charge to my cc. After that, I can use paypal to pay online. I will never store the cash in paypal account.

    Thanks for reading guys, I feel a lot better now
     
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  2. festeris101

    festeris101 Regular Member

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    You should of went with escrow.com. It would have been only a few days till payout.
     
  3. cbnoob

    cbnoob Senior Member

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    I wish I did this :D. But what happened, happened. I lost $3k now but it's a valuable lesson. What if this matter didn't happen this time but when I make $30k deal in the future?

    I will use escow.com then. I tried to contact sedo first but they took very long to reply.
     
  4. ninjacrx

    ninjacrx Regular Member

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    I know how this feels :(

    Same happened to me today :(
    I've sold 2 websites and got payment via paypal. Next day paypal limited my account and cancelled withdrawal to my bank account.. F*uck :/
     
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  5. cbnoob

    cbnoob Senior Member

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    @*****crx,

    Thanks for sharing your story. Personally, I think it was a test. Hard time will lie ahead but don't give up.
     
  6. Kalyken

    Kalyken BANNED BANNED

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    Damn, You live you learn right,

    keep moving forward,

    Best of luck
     
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  7. cbnoob

    cbnoob Senior Member

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    lol, bhw now ban the word njnja :D
     
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  8. wokaka

    wokaka Senior Member

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    lol welcome to the club buddy. paypal sucks, everybody knows that.
     
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  9. dragon123

    dragon123 Regular Member

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    Thats why i never use Paypal unless absolutely necessary, they are a nightmare and should not be allowed to get away with some of the things they can do to hold on to your money.
     
  10. philly3

    philly3 Regular Member

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    NEVER keep your money in paypal unless it's a small amount. They will screw you in a heartbeat.
     
  11. cbnoob

    cbnoob Senior Member

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    I heard about this before but this is the first time experience it. Sucks is not strong enough to express my feeling :D

    I think the problem happened when I tried to withdraw. They asked for a lot of documents.

    Yeah, lesson learned
     
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    Last edited: Jul 14, 2011
  12. NapsteR

    NapsteR Jr. VIP Jr. VIP

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    never use gaypal for big payments. they suck
     
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  13. Growth

    Growth Power Member Premium Member

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    cbnoob,

    Contact paypal executive staff, if your account was in good standing, you can get the 180 day limit changed to 2 months, so your wait is not as long. Google paypal executive staff email and then email them asking them to review your account and to get rid of the 180 day limit. They usually will, hope it helps.

    Thanks
     
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    Last edited: Jul 14, 2011
  14. romil2009

    romil2009 Regular Member

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    very true. thats why its true name is gaypal
     
  15. thetraveller

    thetraveller Senior Member

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    It's like dust in the eyes. In 6 months they put these money to work for them, is very clear that's interest. I'm not gay, but fuck gaypal.
     
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  16. cbnoob

    cbnoob Senior Member

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    Hi Growth, I really appreciate your help. I will surely use your tip.

    I think so. They said they are afraid of the buyer charge back but the buyer has sent them the email confirm the deal. Well, what can I do? It was their game and they control the rules.
     
  17. goredbull

    goredbull Junior Member

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    get a loan from someone if you new plan is solid
     
  18. cbnoob

    cbnoob Senior Member

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    I plan so. Fact is the sites I sold are the very first part of the plan so I know it works.
     
  19. rabbitgirl

    rabbitgirl Regular Member

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    Hi cbnoob

    Is this a verified business account or a personal account or a verified personal?

    Please I'd like to know as I don't want to fall in paypal's limitation trap?
     
  20. imlol

    imlol Regular Member

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    Does anyone know what causes this, is it your location?