25 {{ upvoteCount | shortNum }}
25 {{ upvoteCount | shortNum }}

what happens if you had 18K in your Paypal account

by joshua301
21 replies
hello all what happens if you have 18k like 1800 in your paypal account can you take it out and put it to your bank account with no trouble at all i seen other post about 500K a month im just wondering if you can get 18K out with no problems this is not IM related its got something to do with youtube
#18k #account #money #paypal #youtube
  • Profile picture of the author Jacob Caris
    If you've had big amounts go through your account before it should be fine. Paypal are prone to limiting accounts though. I would just say get it out asap.
    Signature

    Over the Shoulder FREE 3 Part Training - Watch How to Build a 6 Figure Online Business Step by Step - Click Here to Watch Part 1

    {{ DiscussionBoard.errors[10134992].message }}
    • Profile picture of the author joshua301
      Originally Posted by Jacob Caris View Post

      If you've had big amounts go through your account before it should be fine. Paypal are prone to limiting accounts though. I would just say get it out asap.
      thanks i seen a post like i said before so thats why i m asking on here so if it happens to me also with a youtube account i would know but now im just wondering coz im going to get around something like that from youtube and no i have not had big amounts of cash in my paypal i only started last year when i was 18 years old so i would not know this but when its in there i always withdrew it to the bank account and it takes one night coz the payment takes 30 days then when its in my account it just takes 1 night and plus it would not be 18K after Paypal takes fees out
      {{ DiscussionBoard.errors[10135005].message }}
  • Profile picture of the author HarrieB
    If your account is fully verified, it should not be a problem.

    I took out $15k which google sent me. That was about a year back and didn't had any problem. My paypal still works fine.
    {{ DiscussionBoard.errors[10135002].message }}
    • Profile picture of the author joshua301
      Originally Posted by HarrieB View Post

      If your account is fully verified, it should not be a problem.

      I took out $15k which google sent me. That was about a year back and didn't had any problem. My paypal still works fine.
      yes its a verified account i done my Mobile and credit details when i signed up so its a verified one
      {{ DiscussionBoard.errors[10135009].message }}
    • Profile picture of the author kara didine
      [DELETED]
      {{ DiscussionBoard.errors[10152799].message }}
  • Profile picture of the author eugenedm
    Honestly why would Paypal take your money? If it's legal then why are you afraid?

    There are a lot of marketers making 10k, 20k, 50k a month... And some of them take Paypal... How is it different from other merchants? You have to pay their fees 2.5%-5% but that's deducted automatically... Also you need to pay taxes... depending on your country...

    But the rest is yours and no one can claim your money...

    Wish you luck!
    Signature

    WARNING: A 50 Million Dollar Man Taught Me His Secret... Which Resulted 6,000 Sign-ups on My Email List.

    "It's easier than you think..."

    => Watch this video here...
    Build Your List to 6,000 Subscribers

    {{ DiscussionBoard.errors[10135008].message }}
    • Profile picture of the author joshua301
      Originally Posted by eugenedm View Post

      Honestly why would Paypal take your money? If it's legal then why are you afraid?

      There are a lot of marketers making 10k, 20k, 50k a month... And some of them take Paypal... How is it different from other merchants? You have to pay their fees 2.5%-5% but that's deducted automatically... Also you need to pay taxes... depending on your country...

      But the rest is yours and no one can claim your money...

      Wish you luck!
      yes i know but im just making sure this does not happen to me also i dont have to pay taxes how ever i have to pay for US dollars to get in to AU dollars so yeah thanks everyone for your help i just thought to make a post and see what i will get coz i try looking on the internet but nothing at all so thanks again all
      {{ DiscussionBoard.errors[10135017].message }}
    • Profile picture of the author wolfmmiii
      I've dealt with several PayPal nightmares over the years and all my stuff has been totally legit and above board.

      It's not so much that PayPal would "take" the money but it can be a real inconvenience and nerve wracking experience if they limit the account and lock the funds until verification is done.

      I'd suggest getting it out of there. PayPal is not a bank and not bound by typical banking laws.
      Signature
      Want a REAL Online Business That's Fun to Run?
      CLICK HERE FOR INFO
      {{ DiscussionBoard.errors[10135027].message }}
      • Profile picture of the author joshua301
        Originally Posted by wolfmmiii View Post

        I've dealt with several PayPal nightmares over the years and all my stuff has been totally legit and above board.

        It's not so much that PayPal would "take" the money but it can be a real inconvenience and nerve wracking experience if they limit the account and lock the funds until verification is done.

        I'd suggest getting it out of there. PayPal is not a bank and not bound by typical banking laws.
        yes i know PayPal is not a bank this is why im asking people what will happen when i get the money and withdrew it its safe to be sorry now then when i get it i will know what to do and what Paypal will also do
        {{ DiscussionBoard.errors[10135034].message }}
  • Profile picture of the author jeremysteam
    It shouldn't be a problem to take your money out. I've transferred up to $10,000.00 at a time out of my paypal with no issues.

    If you are getting floods of payments though and your account isn't fully verified or you have high refund rates paypal can and most likely WILL freeze your account and keep your money. It's happened to many business partners of mine and it sucks! Just be careful with paypal because you're not fully in control with them
    Signature
    Need Help In Your Business?

    Grab amazing tips, tricks, techniques and systems from my blog
    {{ DiscussionBoard.errors[10135103].message }}
    • Profile picture of the author wtatlas
      Why don't you ask PayPal? People here can tell you their stories of what has happened to them but everyone's account history is unique to them and can't be applied to you.

      If PayPal tell you that they can't see a problem then, well... you don't have a problem.
      Signature

      {{ DiscussionBoard.errors[10135242].message }}
  • Profile picture of the author laurencewins
    If in doubt, ring PayPal and ask.
    Signature

    Cheers, Laurence.
    Writer/Editor/Proofreader.

    {{ DiscussionBoard.errors[10135244].message }}
  • Profile picture of the author mohdbd
    If I were you, I would withdraw this amount to my local Bank account from the PAYPAL. Mostly the PAYPAL is used to fund transfer only. No one keep this huge amount of money in this account. Thanks for understanding.
    Signature

    Are you okay?

    {{ DiscussionBoard.errors[10135251].message }}
    • Profile picture of the author stoltingmediagroup
      Originally Posted by mohdbd View Post

      No one keep this huge amount of money in this account.
      That statement may apply to you, but it may not necessarily be true for other vendors.

      Some vendors pay that amount and more in mass payments to affiliates alone,
      (via Paypal) especially during a launch. Payments which come from the funds in a PayPal account.

      Also advertising budgets, and other larger payments that may come straight out of a Paypal account.

      There are many more reasons as to why I don't see why 18k sitting in a Paypal account is a topic here.

      That should be as much of a worry as 18k sitting in your bank. But I guess "PayPal horror Stories" have something to do with it.
      Signature
      Arnold Stolting - Stolting Media Group
      "I LOVE The Song! The Vibe Is Positive And Firm!" - Kymani Marley. (Son of Bob Marley).
      "Very High Quality!" Jeremy Harding - Manager / Producer. Sean Paul.
      "They Are FANTASTIC!" - Willie Crawford.
      {{ DiscussionBoard.errors[10135485].message }}
  • Profile picture of the author namehero
    Originally Posted by joshua301 View Post

    hello all what happens if you have 18k like 1800 in your paypal account can you take it out and put it to your bank account with no trouble at all i seen other post about 500K a month im just wondering if you can get 18K out with no problems this is not IM related its got something to do with youtube
    Just like I said in the $500K a month post, if it all comes very quick and your account is new they're going to be asking questions. Be prepared to send over all your formal business paperwork, but the review process should be pretty easy as long as you're selling legit products.

    If you're doing a product launch, I would recommend using Stripe or another payment processor as a backup. This way, the people who want to pay with credit card can use that, while still giving the option of the PayPal account. This helps you diversify incase your capital would be frozen during an investigation period.

    Also note, if you're selling some items such as software, PayPal may hold up to 50% of the purchase price for a couple of months until you "prove yourself" so to speak.
    Signature
    Name Hero: Making Hosting Great Again!
    {{ DiscussionBoard.errors[10135269].message }}
  • Profile picture of the author Jeff Lenney
    I had 24k go through once in a day and had no problems.
    Signature

    Too lazy to write something clever here, so check out my marketing blog and learn from a REAL Super Affiliate at JeffLenney.com

    {{ DiscussionBoard.errors[10135414].message }}
    • Profile picture of the author RecessionPROOF
      BEWARE........... All merchant accounts are subject to being held for any lame reason they want to use. especially Paypal which I had a war with which took over six months to resolve, and to be clear, it was not an issue on my part, it was a bogus complaint from scammer, so lesson learned, I keep as little as possible in any merchant accounts, and if you are smart, and have to connect a bank account to Paypal, which is typical, make sure you don't connect your main business account, use a secondary or even a third, for if you read the small print, they can tap into your bank account at will, so BEWARE.

      Success to all,
      Signature
      FREE & EASY..... CUT CABLE DUMP DISH SAVE THOUSANDS WITH FREE-PPV STREAMING TV
      {{ DiscussionBoard.errors[10135439].message }}
  • Profile picture of the author talfighel
    I would communicate with PayPal and tell them about this. Just know that you might have some issues with clearing those funds and getting it withdrawn to your bank account.
    Signature

    ---> [URGENT] Here's How To Build Wealth With Gold And
    Silver And Earn Up To $7,000 Per Week!

    {{ DiscussionBoard.errors[10135447].message }}
  • Profile picture of the author Sid Hale
    Agree 100% Arnold.

    In fact, instead of withdrawing monies immediately as many suggest, I typically let it sit and withdraw only as necessary.

    Think about it... why would Paypal get anxious if your withdrawal habits are relaxed, if they can see that you only withdraw funds as needed (rather than all at once, immediately), if you regularly use monies in your Paypal account to fund your own online purchases?

    If the monies are coming from Google (YouTube), they're going to immediately be more comfortable. They are already pretty well convinced that Google is not laundering money via Paypal.
    Signature

    Sid Hale
    Coming Soon... Rapid Action Profits (Pro)

    {{ DiscussionBoard.errors[10135682].message }}
  • Profile picture of the author agmccall
    If you are dealing in that type of money then you should have paypal payments pro with gateway. you actually access this from a different paypal domain. it is https://manager.paypal.com/. My eccommerce site has used this for years with no problems. You get an account manager to help with any issues you might have.

    Most paypal nightmares stem from people using personal accounts to do large transactions. Treat your business like a business and get the proper accounts

    al
    Signature

    "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas Edison

    {{ DiscussionBoard.errors[10135758].message }}
  • Profile picture of the author winnermarketing
    you can connect your paypall account to your bank account and move money without problems!
    Signature

    Free Guide to Make Money Online [Now!]
    {{ DiscussionBoard.errors[10135838].message }}
  • Profile picture of the author Randall Magwood
    Originally Posted by joshua301 View Post

    ....just wondering if you can get 18K out with no problems this is not IM related its got something to do with youtube
    The only thing i can think of is that... when you deposit $8,000(or more), the bank has to report your deposit and earnings to the IRS (or something like that). But almost all merchant accounts have its so-called "flaws". Gotta roll with the punches. Pick the one that works best for your business and that doesn't interfere with your sales.
    Signature
    ==>> Free book reveals make money with affiliate marketing
    {{ DiscussionBoard.errors[10136377].message }}

Trending Topics