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Paypal advice?

Discussion in 'Business & Tax Advice' started by JJameson, Nov 8, 2010.

  1. JJameson

    JJameson Newbie

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    I have a authorized paypal. Completely legit, attached to my real name and ssn. Verified via phone and bank account.

    I run two different business through it. My main (clean) business and I have another email with my (black hat) stuff.

    My question is, I could potentially be accepting a large single transaction (>20K) will this cause an issue with paypal? will they put my account on hold? I have accepted single payments up to 1500 before with no issues.

    Anyone have experience in this?:cool:
     
  2. srb888

    srb888 Elite Member

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    Your question IS the answer :D. A sudden surge in Paypal activity, esp. a large inflow of funds will almost always invite raising a huge red flag.
     
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  3. JJameson

    JJameson Newbie

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    good point. If I explain that I sold a website do you think they would be lenient?
     
  4. 2011nfl

    2011nfl Supreme Member

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    My best paypal advice is DONT USE THEM! Yes they will put your account on hold, and they will keep your money and you will never see it unless you can afford a better lawyer than them.
     
  5. nerrvana

    nerrvana Junior Member

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    I'm telling you from experience..do not go through with that transaction...try other means.
     
  6. 2011nfl

    2011nfl Supreme Member

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    he's right... and they will steal your money.......
     
  7. mobai

    mobai Junior Member

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    No they will not hold your money. They only will freeze your money and accout and you will get it in 180 days. I do not like them either.
     
  8. dheer

    dheer Jr. VIP Jr. VIP Premium Member

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    why the heck you guys use Gaypal for such big transactions? just say your client to pay a wire directly to your bank.
     
  9. professional20

    professional20 Power Member

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    Seriously, why even think about using paypal for such transaction.
    It's like telling a NOT SO CLOSE friend, to go pick up 20k for you..instead of having the other person wire it to you.
     
  10. JJameson

    JJameson Newbie

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    I didnt clarify in my original post, the payment would be coming from a black hat source, that I would want to maintain my anonymous status.
     
  11. nitrex

    nitrex Registered Member

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    Always use libertyreserve if its blackhat...its the safest method ... ive always used it ...
    you will always be anonymous ...

    just go to ebuygold create an account with them with the name of your blackhat client ... they will give you a bank account number to transfer the money to...
    your client transfers the money... when ebuygold gets the money ... they transfer your funds to your libertyreserve account ...
    transfer them to another account and withdraw them to your bank account ...

    i can answer any question you might have ... ive always used LR ...
     
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  12. JJameson

    JJameson Newbie

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    Thats exactly what I needed thanks so much!
     
  13. bigpurpleguy

    bigpurpleguy Junior Member

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    I love this forum.
     
  14. Kakashi3005

    Kakashi3005 Newbie

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    If you dont want to scam 20k out of somebody use some escrow service. So both sides are save and u will get your money. But use one of the bigger ones
     
  15. rohanmalhotra

    rohanmalhotra Regular Member

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    if the sender is verified usa account then you will not have any problem. paypal will try and contact buyer and sender through phone in usa. And if you speak with them they will not limit the account. As per my experience you will not get limited nor questioned. but if you try to withdraw the entire amount with in a week then u will be definetly limited. make sure your account is phone verified if not then make sure the address line1 of phone number registered should match with paypal address line1 . they can cross check avs of phone.
    And as you are saying you using genuine paypal account with ur real ssn , name and other details so at any cause they cannot eat your money, either they will refund the money to the sender if they suspect something. At the most what they can do is limit the account for 180 days with your balance and after 180 days u can easily withraw to your bank account or request a cheque to your address. this is just for information. according to me nothing will happen to your account even if u receive bigger amount from any usa or canada paypal account.
     
  16. nitrex

    nitrex Registered Member

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    Ure welcome my friend! and i forgot to mention that if you dont wanna withdraw the money instantly for your bank not to suspect anything... you can invest some of your money in libertyreserve 's investor's section ;)
    its a 150% return per 10 day investment...its like money over money over money... just another thing i thought about :D hope i was at help!
     
  17. mcgill53

    mcgill53 Junior Member

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    Hi
    Also watch out for Paypal payment from Asia over $100.
    They will restrict your account. Also be careful of several payments to same account in Asia, same thing. You could be buying what ever, but they think it's copies.
     
  18. theoj

    theoj Newbie

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    Thanks for the heads up
     
  19. Lawrencess

    Lawrencess Junior Member

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    DO NOT LISTEN to anyone who says this will be a "safe" transaction in paypal.

    It does not matter how verified your paypal account is, it will be instantly restricted if your transactions fall outside of their "expected transaction algorithm"

    If you currently get 20k in single transactions every week, it is not a problem, as long as you have built up to it.

    If you get 50k across 1000 transactions in a normal week and then get a 20k transaction, your account will be limited and investigated.

    Paypal, while a great tool for low value transactions, should never be trusted with more than you are prepared to lose. How a company can be trusted with millions of dollars of client money, and have no walk in center for customer service, and no reliable contact phone number and then get away with limiting accounts and holding huge funds is beyond me.

    Use an escrow service, and cop the 5% service fees. It is cheaper than the 100% service fee paypal will charge.