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Question regarding PayPal

Discussion in 'Business & Tax Advice' started by Unbreakable, Jan 7, 2012.

  1. Unbreakable

    Unbreakable Newbie

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    I'm about to get my first big payment through paypal (around $2000) and I was wondering how big the chance will be that Paypal will freeze my account. I have received a couple of payments before on my account ($200-300). My account is not verified. Will I be able to withdraw it as soon as I get it, or should I pick a different payment method? If so, what do you guys recommend?
     
  2. shaddelick

    shaddelick Regular Member

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    With an amount that high, you will probably get limited as soon as you try to withdraw. Why didnt you verify it with whatever bank you will use to withdraw(unless your requesting a check)? I would recommend western union if that was actually an option for you and your in the USA
     
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  3. Unbreakable

    Unbreakable Newbie

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    I didn't think I was going to use the account that much which is why I didnt verify it. I'm not from the us, but I'll check western union out.
     
  4. Leonne

    Leonne Registered Member

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    Yeah I'm sure paypal will jump on that as soon as the transaction is done. I'm afraid to deal with that kind of money on paypal personally.

    By the way, good luck getting your money and getting an account set up so it works. :)
     
  5. goldencrownz786

    goldencrownz786 Regular Member

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    NEVER , EVER Go down that road. Paypal will easily freeze your account n the chances of getting it back are very slim.

    I advise you to get a verified acc some how n then proceed. Otherwise your just jumping in shark waters.
     
  6. moneygrows

    moneygrows Registered Member

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    make sure to verify your pp account if youre going to use it for large transaction
    just get a vcc and do it lol!
     
  7. Westernstar

    Westernstar Registered Member

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    I can tell you from personal experience that there is a 100% chance your PP account will be limited the second you try to withdraw the $2000. There is a 99% chance your PP account will be limited if you try to draw it out in smaller amounts over time.

    Unless you want your money tied up and maybe even taken from you, DO NOT USE PAYPAL!
     
  8. Westernstar

    Westernstar Registered Member

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    It will not matter if it is verified or not with a transaction of that size. Unless it is a completely legit account and you have every document that they are going to request from you. You will at the very least have your money held hostage for 180 days.
     
  9. ppcmaster

    ppcmaster Supreme Member

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    Why dont you just verify it, withdraw the money and then close the account.
     
  10. cxim

    cxim Registered Member

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    As mentioned previously, just verify your account. If you need the money to be anon then Paypal isn't really the route to take.

    Short of that, have the sender send the money in smaller breaks.
     
  11. Unbreakable

    Unbreakable Newbie

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    Thanks for the advice guys. What do you think I should chose instead of PayPal then? And this is clean money, no need for me to be anonymous.
     
  12. lovetospooge

    lovetospooge Junior Member

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    I don't know, but I doubt it.
     
  13. morehits

    morehits Junior Member

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    Yes Paypal are bad but they don't limit everyones account just because you withdraw.
    Having said that, the fact that you have not verified your account could cause you problems.
    I would verify your account and then start purchasing items that you can resell on amazon or your local auction trading site. Don't spend all your money at once. You will probably make a loss reselling your items but you will at least get most of it back.
     
  14. don38086

    don38086 Junior Member

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    thanks for the info.
     
  15. Leith

    Leith Jr. Executive VIP Jr. VIP Premium Member

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    Open a 2checkout account, take the payment, withdraw to bank. No need to log into your Paypal.
     
  16. usama18

    usama18 Jr. VIP Jr. VIP

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    Your Account will be limited immidiately so dont risk that. Verify it before getting paid.
     
  17. naturalbornthriller

    naturalbornthriller BANNED BANNED

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    Paypal shouldn't freeze your account even if it is unverified. They will limit you to withdrawing $500 a month, so you won't be able to withdraw all $2,000 at once. Paypal only freezes your account if there is a dispute or if it looks like something fraudulent is going on.
     
  18. trollmama

    trollmama Newbie

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    they usually freeze/limit your account if it gets over $1600 USD IF its not verified. As long you can maintain it under that amount, you should be good
     
  19. blackout0826

    blackout0826 Newbie

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    Check your limits, but there is way to lift them
     
  20. shravandude

    shravandude Jr. VIP Jr. VIP Premium Member

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    Getting 2000$ payment for non verified account is really suspicious.
    I would better suggest to take some other payment mode to be safe.