1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Underage Paypal opinions!

Discussion in 'BlackHat Lounge' started by matty521521, Feb 13, 2013.

  1. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    Hey BHW!

    Im trying to do my Paypal right now but im only 17 :/. I don't turn 18 for another year and Im sort of worried and I need peoples opinions...

    [h=2]Account Limitations and Verification[/h]
    • [h=4]Withdrawal limits[/h]
    For security reasons, $500 is the most you can withdraw from your PayPal account each month. If you want to withdraw more than $500 per month, just verify your bank account, debit card, or credit card information.



    I can't verify with the bank because Im under 18 and I most likely won't be planning on withdrawing that (Im in no rush to withdraw money)


    1) I'm just worrying that when I buy wholesale of my product (spend around $250) and when I sell it and I'm wondering if Paypal will randomly put a limit on me resulting in frozen funds.

    2) If I make an account with my name and everything and Next year when I'm 18, and I want to make a "legit verified" Paypal. Do I just need to call them to terminate my account and create a new one something else im wondering about...

    Im just not really wanting any unexpected surprises randomly popping up and I won't be able to touch my money for a while.

    Opinions? Ill be on this thread for a while because I have Paypal in my other tab and im just debating on what I should do!

    Thanks!~
     
  2. Furious George

    Furious George Supreme Member Premium Member

    Joined:
    Dec 13, 2012
    Messages:
    1,437
    Likes Received:
    2,176
    You can't ever terminate a paypal account. You can't delete one... it's just not possible.

    My advice:

    Say you're 18.

    Open a bank account. Use your parents/guardian as a cosigner. Verify the bank account, add the debit card attached to the bank account, and you have your sending/withdrawl limits lifted.

    There is nothing wrong with giving paypal false information because they're not a bank. Maybe you open the paypal account under a business, and not a consumer account? You want to be 1000% legit? Register a business at your local courthouse for 15 bucks.

    I have lot of expertise in this arena. If you need more help, please let me know.
     
    • Thanks Thanks x 2
  3. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    All input is appreciated :)
     
    Last edited: Feb 13, 2013
  4. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    Anyone else know what I should do?
     
  5. Aaric

    Aaric Elite Member

    Joined:
    Mar 7, 2010
    Messages:
    1,576
    Likes Received:
    1,121
    Gender:
    Male
    Location:
    USA
    you can have a limited transaction bank account . contact your bank, they can open one for you with your school id card. with max money limit on it,
     
  6. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    I'm wanting to buy and sell though, sort of a flipping business :)
     
  7. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

    Joined:
    Nov 10, 2012
    Messages:
    10,123
    Likes Received:
    28,562
    Gender:
    Male
    Occupation:
    Fun Lovin' Criminal
    Location:
    London
    Home Page:
    Can't you get a family member to sign up then use their account until next year ?
     
  8. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    My parents said they want nothing to do with my online marketing (they think it's a waste of time). I just would really like to prove them wrong with a Check from my PPD and side earnings on my paypal :/
     
  9. Furious George

    Furious George Supreme Member Premium Member

    Joined:
    Dec 13, 2012
    Messages:
    1,437
    Likes Received:
    2,176
    No offense young man, but I already told you what to do!

    You're going to run out of friends and family members. It's perfectly legal to give paypal a faake birthday because they're not a bank. Don't you date give a bank a faake birthday, but you need to just do what I'm saying. A bank will let you open an account with them if you're a minor, you just sometimes need a cosigner.
     
  10. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    ^ I already have my bank account and it says im under 18. And even if you are under 18 you need a guardian to sign for your bank account, a cosigner doesn't mean anything. It doesn't give me rights to apply to Paypal and say that my cosigners are over 18 and that im aloud to have a legit Paypal. That doesn't really help me,

    Thanks for opinion though!
     
  11. mikeydell

    mikeydell Senior Member

    Joined:
    Dec 16, 2012
    Messages:
    870
    Likes Received:
    499
    FuriousGeorge was spot on 100% on the advice he gave you. If your not going to listen it's hard for anyone to help. It sounds like your going to just keep asking until someone tells you what you want to hear.....even if it's wrong.
     
  12. 2011nfl

    2011nfl Supreme Member

    Joined:
    Aug 9, 2010
    Messages:
    1,223
    Likes Received:
    5,956
    Location:
    Dallas, Texas
    Home Page:
    You need to wait til you are 18. Laws can be very strict, and you could get paypal in some serious trouble. Yea, there is a such thing as statutory, but to be on the safe side, just wait that little extra time. It doesn't hurt........ Jeez you kids move way too fast now days :D
     
    Last edited: Feb 15, 2013
  13. bigcasey123

    bigcasey123 Regular Member

    Joined:
    May 23, 2011
    Messages:
    438
    Likes Received:
    175
    Occupation:
    manwhore
    Location:
    Uranus
    I'm also 17 and i had my paypal for around 2 - 3 years. Actually i had to make 2 because one asked for my tax id (i just deleted it and made a new one with a new email).

    my parents said that to but then a hundred dollar check came in from pp and my farther took it (said i'm to young to make money lol) and payed his phone bill with it......

    Kids need to start making money so they have something to fall back on. My parents are doing so bad that they can barley even pay the rent every month. I know that if i start making money now then i'll have like 30k saved up and i can help my parents out and still rent a house myself.
     
    Last edited: Feb 15, 2013
  14. matty521521

    matty521521 Newbie

    Joined:
    Jan 21, 2013
    Messages:
    27
    Likes Received:
    2
    Occupation:
    Student
    Location:
    British Columbia
    Alright sweet thanks guys!
     
  15. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

    Joined:
    May 1, 2009
    Messages:
    5,905
    Likes Received:
    7,140
    Gender:
    Male
    Occupation:
    Geographer, Tourism Manager
    Location:
    Ghosted
    well, that's wrong :), you can close your paypal account anytime:
    Code:
    https://www.paypal.com/ca/webapps/helpcenter/article/?solutionId=11935&topicID=11400028&m=TKB
    however it's not always a good idea or worth the "hassle", because if you close it for any reason and you open another one with the same name and address, it can be traced back to you
    so maybe in this case it's not a good idea if OP already gave them his personal data
    but why should he close it when it's not limited at this point in the first place?

    it's a wise thing to ask before doing it
    yea more than likely you'll be limited with an unverified account, so i wouldn't do that if i were you

    other than that you can try what George suggested above
    or
    you can always buy a ready-made verified account with all the docs in case of later verification, but this won't be cheap and you can also buy a VCC to lift the withdrawing limit (it wouldn't make any sense w/o verifying your acc first)
    or
    you can hire a talented photoshop junkie to draw some really nice docs of you :) and use those in the verification process
    or
    wait until legal age
     
  16. PandaDomo

    PandaDomo Senior Member

    Joined:
    Apr 30, 2012
    Messages:
    1,094
    Likes Received:
    446
    Just use a foreign PayPal account, it's what I did for about 6 months :)

    However, if you need to be able to withdraw to your bank, then you'll probably need a VBA as well I believe.