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Large amounts of money in paypal...safe?

Discussion in 'BlackHat Lounge' started by adrien23, Aug 16, 2010.

  1. adrien23

    adrien23 Regular Member

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    I changed my ************** payment method to paypal a couple months back when I stopped pushing traffic (since I still had like $60 for the month) and then recently got my account put on "hold" for last months traffic, so I never got the chance to change it back to wire. I just received a little over 2k from them to my paypal account, and I should be getting around 1k again to my paypal (a little under so I can't get a wire) today...my account is verified with a Canadian bank, but I've never dealt with receiving payments this large...just wondering, will they flag this type of thing and investigate (not that theres anything wrong really, but I do have multiple accounts running on one ip that might already seem sketch)?
     
  2. DutchTrafficService

    DutchTrafficService Regular Member

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    If your account is legit, and the payments are legit, you have nothing to worry about. Even if something is put "on hold".
     
  3. theconfidenceman

    theconfidenceman Regular Member

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    they wont flag it or anything, but they tend to help themselves to your money
    when issues come up, refunds, discrepancies, whatever, so for the most part
    its best to pull that money out ASAP and let them ASK you for what is due than
    to go into your acct and discover that while you werent looking, they helped themselves to x amt of dollars..

    get the PP debit card so you can pull out x amt of dollars at a time, if you can
    get it where you live...
     
  4. Seariz

    Seariz Junior Member

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    Like the confidence man said - if its all legit you're totally fine. On legit accounts ive had upwards of 150k/month flow through one single account and Paypal didn't blink an eye. I've also used fake ones and gotten a few grand taken from me for being stupid and careless lol.
     
  5. holy_spirit

    holy_spirit Registered Member

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    they wont flag put your payments on hold

    yo have done nothin illegal rite?so even if they do they will have to release the payments.
     
  6. SuperBlackHat

    SuperBlackHat Power Member

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    ive heard far too many horror stories about paypal "stealing" large chunks of money from their members. I dont think id be trying to keep more than 5k in my paypal at any one time, just to be safe, since paypal isnt a bank and isnt subject to any banking laws.
     
  7. Hunwarrior

    Hunwarrior Jr. VIP Jr. VIP Premium Member

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    i have 100% legit PP. Yet... last week i was put on hold cos i forgot to turn off my proxy while visiting PP.
    I had to call them to get my account accessible to me.Thou it was sorted, no way that i keep more than a few $$$ on it anymore.I wanna sleep well.
     
  8. voxclan

    voxclan Regular Member

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    here you go, some stuff to conduct your own due diligence

    Code:
    www.paypalsucks.com/ 
     
  9. hackNstuff

    hackNstuff BANNED BANNED Premium Member

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    If you're legit you shouldn't have anything to worry about, but still...I don't trust them. Giving a private party veto power over your money is not a wise choice. 95% you should be fine, but are you willing to gamble on the 5% chance you could lose/be put on hold?
     
  10. superspiderman

    superspiderman BANNED BANNED

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    I think around 10KUSD is the magic level where they start asking deep questions and start getting in your face
     
  11. marketingwise

    marketingwise Junior Member

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    Transfer the cash out of paypal as soon as it clears. Once a day if you have enough. If they wanna tie up your money they will and there will be nothing ou can do about it.
     
  12. gonzomcribbinz

    gonzomcribbinz Regular Member

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    ^This. PP has so many fraud alert flags in place that any little thing can trigger a 180 day hold. I've gone through it 100 times over the years and there's really no rhyme or reason to it. And you agree to all of it when you sign up.

    PP is not a bank. They aren't regulated like a bank and they are not your friend. Get your money out as soon as possible and put it in a bank account that PP is NOT attached to.
     
  13. j0b0123

    j0b0123 Regular Member

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    IMO pp days are close to over. Because they are owned by ebay, they have been getting a pass. No bank in the world can put a 180 day hold on your funds, there is not even a legit reason to do so. It does not take 6 months to determine fraud. I am shocked no one has sued them before on various anti fraud statutes themselves for being abusive. You cannot just dip your hand in someone elses money, even if you think its not legit. You have to prove your case.

    Well that last statement is false. the IRS and govt can ram their hand up yer ass with no lube to try to grab yer gold fillings for any reason ...
     
  14. nirvana™

    nirvana™ Newbie

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    my personal opinion would be that you should never keep large amounts in paypal..
     
  15. glovek77

    glovek77 Power Member

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    Withdraw...immediately.

    See this link: http://www.paypalwarning.com/

    Top of the page explains it best "Paypal can hold your money without reason"