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Paypal terrible for business

Discussion in 'Business & Tax Advice' started by EliteofIG, Aug 30, 2015.

  1. EliteofIG

    EliteofIG Newbie

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    Paypal is holding my money for 21 days. I need a merchant processor that wont hold my money. I discovered a method to make $300+ a day from my online store, and all I need to do is duplicate it. The only problem is that it takes investing, and I don't even have the money to invest in this method to work because Paypal is holding the money I want to reinvest with. I also don't trust paypal, how can you hold someone's money for 21 days. This is terrible for business. So can someone please help me out here I need an alternative for my online store?
     
  2. Soreback

    Soreback Newbie

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    Do you have a merchant account with a business bank account attached?
    Was it not explained in the user terms agreement?
     
  3. yuuzokun

    yuuzokun Jr. VIP Jr. VIP

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    I will advice you 2co or check a member here who offers paypal solutions
     
  4. youmakeme

    youmakeme Power Member

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    21 days hold period is only for new accounts. Get past their 90 days requirement or get enough sales for more than $500 and they would usually remove the hold period after 45 days.
     
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  5. Soreback

    Soreback Newbie

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    This exactly.
    Paypal is used by many online businesses without any issue. This is really all I would ever use Paypal for. Ligit business practice as a merchant account to a business bank account
    Paypal changes it's policies constantly, and customers trust the service.
    If you are just a fly by nighter on a standard account expect limitations.
    Probably not the service for you, plenty of others out there, just will customers trust to use them?
    If you are ligit, just set up the business bank account with whatever proof they require.
    ( I think it was a company certificate when I did it )
    Two days later it's approved and you can have a higher limit ect ect.
     
    Last edited: Aug 30, 2015
  6. EliteofIG

    EliteofIG Newbie

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    Do you think I could find somewhere to buy a paypal account that already meets those requirements?
     
  7. EliteofIG

    EliteofIG Newbie

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    Do you know where I can buy accounts like these if its possible?

    With 2checkout can I get my money INSTANTLY. because thats what I need.
     
    Last edited: Aug 30, 2015
  8. youmakeme

    youmakeme Power Member

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    2Checkout will take a few days to credit and transfer your funds. So the short answer is yes that you can withdraw within a week but no as it cannot be instantly.

    Checkout Secondeye thread here on BHW. He might be able to help you out.

     
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  9. cryptons

    cryptons Supreme Member

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    why are you opening threads against paypal again and again!just conclude everything in one thread!
     
  10. EliteofIG

    EliteofIG Newbie

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    Thank you man!


    Sorry, I guess im just a little bit overwhelmed, I don't believe that paypal should be able to just hold on to peoples money.
     
    Last edited: Aug 30, 2015
  11. earnsomin

    earnsomin Registered Member

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    well what kind of investment are you looking for and whats your methods because that matters with paypal you know
     
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