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| | #51 |
| Addicted to Adsense War Room Member Join Date: Jul 2008 Location: Iowa
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Sorry to hear about that Brad. That's definitely a pain in the ass. Hope you didn't have 5 figures or anything heavy like that locked up. PayPal does have it's issues, that's for sure. I've got the business debit card and will make withdrawls once a week at an ATM. Anytime I use the card for anything else, say to buy business supplies or pay for something online, they immediately freeze my account, and I've got to go through leaps and bounds to get it unfroze. I learned my lesson the first couple times, and I just don't make any purchases with that card - Just withdrawl cash only. |
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| | #52 |
| The BS Detector Join Date: Jun 2009
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Does anybody know at what point does PayPal start holding 10%? I currently run about 5k a month through PP. Maybe that's not enough to trigger the 10% withholding? In regards to the business debit card, I have one and use it all the time without incident. I have often wondered if it isn't the debit card transactions that help them feel I am legit. This chat makes me nervous as a whore in church. |
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| | #53 | |
| Self Unemployed War Room Member Join Date: Jun 2009 Location: Florida
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| | #54 | |
| Self Unemployed War Room Member Join Date: Jun 2009 Location: Florida
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Chase is the same way. They deny my card on a regular basis. Fraud prevention on steroids. Lol. | |
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| | #55 |
| No excuses - Just do it War Room Member Join Date: Mar 2009 Location: Sydney
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Man this sucks. If my paypal went down Id be pushing a broom within days.
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| | #56 |
| Advanced Warrior Join Date: Sep 2009 Location: U.S. / Shanghai
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PayPal is the friggin' master at loopholes. Remember to use PayPal defensively, and always have a back up plan. I've got probably 10 horror stories that I could tell on this forum. The great thing about PayPal is the fact that they are a Transaction Service and not a bank. This makes using them with what I call "defensive information" a great tactic when dealing with them for any purpose. There is absolutely no way in hell I would be using PayPal if I were moving more than 4 figures a month. At that point, it would behoove ANYONE to choose a more professional service. It's crazy that such a profitable and wealthy company can be so unprofessional. Another thing is, PayPal employees DO take part in forums just like these. I've been on several forums where people share their PayPal horror stories and every once in a while, we get a small wave of people that are for some reason pro-paypal beyond reason. After a while, moderators and administrators found that all of these pro-paypal people were posting from the same ISP. |
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| | #57 |
| HyperActive Warrior War Room Member Join Date: Oct 2009 Location: Palm Beach, FL
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Yea, PayPal screwed me on my eBay selling account as well. They just freakin' froze everything without a warning or an attempt to inform that I was doing something against policy. Since then I have stayed away from using them for anything. |
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| | #58 |
| Warrior Member Join Date: May 2009
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Hi Brad I used Paypal mostly for my ebay business up until about a year ago and we had one issue and it was related to a dispute on a return. I am sure that as you said someone reported you. I was also involved with PESA which is for some high revenue producing Powersellers. From what I understood is people running a large amount through paypal had an account manager they could work with. If not their should be a contact person that can give you timelines on a resolution. The reserve I am not familiar with as we ran a different business model and I do not think it was an issue. Once thing I do know is I had a set dollar amount that once we hit that balance in the acccount e did a withdrawal and that for the most part was daily. It only takes a few seconds to do and it is worth it to reduce the risk. For credit cards we used Authorize.net andwere able to integrate that into the backend system we were using. Not sure if that helps or not. Good luck. |
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| | #59 | |
| Warrior Member Join Date: May 2009
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| | #60 |
| Active Warrior War Room Member Join Date: Oct 2009 Location: Australia
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WOW that really sucks, sorry to hear that... I never thought that paypal out of all companies would do something like that, especially to a customer that was there pretty much from the start... I would be pretty darn pissed off if that happened to me ![]() Best of luck and i hope it resolves in your favor! |
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| | #61 |
| Marketing Software Dev. War Room Member Join Date: Oct 2009 Location: nunya
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I had my paypal account for 2 years and didn't use it for about a year. While I wasn't using it, something must've happened like someone stealing my paypal info and using it for some adult payment scheme, cause I didn't touch it, and then all of the sudden my account was frozen and I was banned from ever using them again. I talked to their service, and through a lot of talking with different teams, they ended up telling me there was nothing I could do. I even tried opening up a new bank account. They cancelled me after verification. I am quite pissed at them cause I've always been 100% legit and I read and abided by their terms of service. Now I need them and they aren't letting me do business with them nor will they provide proof it was me who did this, or allow me to discuss this with them. To do biz with them I'd probably have to hire a lawyer, but it's just not worth it right now... I use google checkout and they're great with me. |
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| | #62 | |
| Self Unemployed War Room Member Join Date: Jun 2009 Location: Florida
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Then you are good. (they will report income, so you do need to do your taxes straight, but I assume PP does as well. )
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| | #63 |
| Senior Warrior Member War Room Member Join Date: Jan 2009 Location: Orangeville, Ontario
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| | #64 |
| Trust Establisher War Room Member Join Date: Aug 2007 Location: Long Island, NY.
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Problem: Paypal is freezing accounts. SOLUTION: Get yourself a Paypal rep. and keep in contact with them. End of story. I've seen this thread appear dozens of times and the OP *never* has a PP rep - There's no need to fear PP. |
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| | #65 | |
| Senior Warrior Member War Room Member Join Date: Jan 2009 Location: Orangeville, Ontario
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Do YOU have a rep? Hook me up please. | |
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| | #66 |
| Trust Establisher War Room Member Join Date: Aug 2007 Location: Long Island, NY.
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| | #67 |
| HyperActive Warrior War Room Member Join Date: Apr 2009 Location: Germany
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Oh Man. That really sucks Brad. How the hell do they think that you are selling ponzi schemes all of a sudden??? Well, what should we do in a case like this? There are other online banks like alert pay... But which one is good? Greetings |
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| | #68 |
| Active Warrior War Room Member Join Date: Oct 2009 Location: Michigan
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Thats nothing suprising. Paypal makes things more difficult than its worth.
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| | #69 |
| Banned War Room Member Join Date: Aug 2009
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Well, this is all new to me! I have been with Paypal for 5 years now and I don't send high volume of payments thorugh it. Could this be cause from reading your previous posts?
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| | #70 |
| Info Philanthropist War Room Member Join Date: Jul 2002 Location: USA
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My Nana, (rest her soul), always told me to never really judge anyone(s) until walking a mile in their moccasins. Those words of wisdom have always worked for me and I think it might apply, here. Book Review: The Paypal Wars - Entrepreneurs-Journey.com by Yaro Starak That link is to a review of the book, "PayPal Wars"; which is an inside account of goings on inside PayPal during their beginnings and well into their current position. Even just the review is an eye opener for small businesspeople striving to do business on the level of PayPal. PLP, tecHead |
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| | #71 |
| No excuses - Just do it War Room Member Join Date: Mar 2009 Location: Sydney
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| | #72 |
| Senior Warrior Member War Room Member Join Date: Oct 2004 Location: , , USA.
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This one of many reasons to not use Ebay. Please remember that Ebay now forces people to use their paypal system. Before you could take a personal check or MO. Here is one reason out of many, to not use Ebay.
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| | #73 |
| Enlightened Street Warrio War Room Member Join Date: Oct 2009 Location: Los Angeles, California
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Sorry to hear that. I understand the frustration is causes. I happen to me. Make sure to give them a heads up before you launch or cause a rush of orders, payments to come into your PayPal acct. They fear people pulling a fast one. Let me know if you have questions. Chris |
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| | #74 |
| Yezzar.com War Room Member Join Date: Oct 2005 Location: Malaysia
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Give this a try: Give Me Your Feedback !! Been frozen so many times, that i wear fur jacket everytime i go online .. Doesnt faze me anymore .. lol :-) |
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| | #75 |
| Advanced Warrior War Room Member Join Date: Apr 2008 Location: Michigan, USA
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Anybody have a good recommendation for another payment processor... what have you found to be the best (that only takes a small %)?
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| | #76 | |
| Senior Warrior Member War Room Member Join Date: Dec 2008 Location: From Liverpool U.k But now in a small cottage in wicklow,Dublin, soon to be heading to miami,
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you are missing the whole point to this, sorry to say Paypal are notiorious and hold peoples money like a terrorist in iraq does to its captured. The fact is you work to the terms and conditions of paypal, pay your money into the damm thing and then bang! your account is suspended for suspicious actitvey. so while you wait for them to clear up your customers are trying to pay you for your products...moneys been turned away and you cannot access too it either! so talk about a double sword! and if they beleive the investigation is fraudelant you lose that money also, its been twice now it had happened to me, the first time i used to sell with my friend who is now a power seller on ebay, he sells the rare copies of star wars toy 1980 figures to private collectors and make some damm fine money off it also, plus other things, but since being a power seller he has too always go back to pp each week to say he made sales, its like paypal is like your cpa network manager least cpa managers can be more leineint and dont freeze your account, the fact is this the paypal policy sucks big time so please dont try to defend this, i remember back in 1997 when i was involved in mlm marketing referal i was getting paid a lousey dollar per referral and even when i reach 20 sales (20 dollars) they froze my account. today as soon as i make money i place it to a uk bank right away leaving nothing in the account, might take 4 working days to transmit but at least im saving the hassle when im paid by my networks or book business ect, if you notice the fact that them mlm and ponzi scams never get closed down yet there main processor is paypal, yet good honest people sell products and get shut down, sucks! andy Quote:
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No Sig here...Just lifelong learning my dreams by the warrior comments! i ❤ ♡ ❤ warrior forum
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| | #77 |
| Helpful Warrior War Room Member Join Date: Aug 2009 Location: London, UK
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Andy, your right mate, Paypal sucks big time, my paypal account is frozen as well as I made "too much money" when MJ died I sold moonwalker dvd's and made a killing on ebay, but my accound is still frozen ![]() I use my brothers accound as I really cant find an alternative to sh**y PP. |
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| | #78 | |
| You R GREAT if you are A War Room Member Join Date: Jul 2002 Location: Shakey/Sunny CA, USA.
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Hi asianlunatic, I downloaded your report and it's great. Thanks much. I had a similar experience to yours and got the same "your account is restored." I was so Leary at the time I just cancelled my account. Then PayPal sent me an email asking me to come back. I did and I've been very cautious ever since. Your report shows me that these things happen and there are solutions and my experience was not just a fluke. Thanks again George Wright Quote:
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| | #79 |
| Kristie War Room Member Join Date: Oct 2009 Location: On the Internet
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Ready for a change? Need a transformation? Read Reformat Your Life Today!
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| | #80 |
| Social Media Marketing War Room Member Join Date: Oct 2009 Location: Madison, Wi
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Wow Im glad im not the only one this happens to. I have had my paypal frozen a few times and I dont really make any money yet. Maybe $500 here and there. Somehow paypal needs to implement a system where they have a "Trusted" accounts list where they lift a lot of there holds. (Or maybe they can have the option to have a side account where you put money in a CD or something so they could take that money in the event everyone you sold a product to asks for a refund) Any Ideas to something as good as paypal but not as strict? The thing that bothers me most about paypal is there customer service. I never get the same answer from anyone and sometimes there english is terrible. |
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| | #81 |
| Edmund Lee War Room Member Join Date: Jul 2009 Location: Singapore
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Hey guys.. Lets say for example: I have a a 2,000 pay slip going into paypal. Should I: 1) Get the money in batches of 500 on day1, day2, day3 ,day4? 2) Get the entire thing, and after which, send an email to the staff of paypal informing them of the reason why you received a big influx of cash? 3) Get the money in batches of 1000 on day1, day3? 4) Any other suggestions? |
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| | #82 |
| Innovative Revelation War Room Member Join Date: Feb 2009 Location: Austin, TX
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I'm not fond of Paypal, but they are a necessary evil it seems. I clear funds out of there regularly. I also plan to launch a new WSO fairly soon, so I have to get on the phone with them very, very soon... and of course, watch my account like a hawk. |
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In all that you do, know your True INTENT...
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| | #83 |
| HyperActive Warrior War Room Member Join Date: Dec 2008 Location: Melbourne
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Sorry to hear this happened and thanks for the heads up! It would be great if you could let us know what solution you end up with outside of ClickBank.
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| | #84 | |
| SEO D'Artagnan War Room Member Join Date: Aug 2009
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I intend to take a look at 2checkout but so far Paypal has been pretty decent for me. | |
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| | #85 | |
| SEO D'Artagnan War Room Member Join Date: Aug 2009
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google checkout, 2checkout and Amazon payments (which is looking interesting again after a kind of relaunch recently) | |
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| | #86 |
| Getting Things Done! War Room Member Join Date: Aug 2003 Location: Dallas, TX, USA.
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Just go to Paypalsucks.com for tons of stories and solutions for your very own merchant account. |
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| | #87 |
| Active Warrior Join Date: Oct 2009 Location: Denver, CO
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Yeah, paypal is shutting down a number of processors, I haven't been shut down yet, but I don't use them. It's such a clunky system sometimes and I get more abandoned carts with paypal.
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| | #88 |
| Mindset for Success War Room Member Join Date: Oct 2005 Location: California
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I don't understand paypal... Why aren't they held to the same rules and regulations as every other bank? They seem to be able to make their own rules whereas a federally insured bank with (FDIC) can't just randomly freeze your account and take your money. I've spoken paypal on the phone about getting a rep and they told me that I needed business account and I must be doing high volume to be eligible for a rep. 2Checkout isn't any better either. There are horror stories of them freezing accounts and keeping money too! |
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| | #89 |
| Senior Warrior Member War Room Member Join Date: Jan 2009 Location: Orangeville, Ontario
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UPDATE: I wrote a blog post about this and it got picked up by a fairly large tech blog. Then the AUP department worked with me to resolve THEIR mistakes. My "no chance of appeal" was granted appoval. I am active again. I still highly reccomend you use another processor. Paypal has VERY poor business relations with their account holders. I have learned a valuable lesson with all of this. |
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| | #90 |
| Socrates: I drank What? War Room Member Join Date: May 2007 Location: Cary,NC , USA.
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Great thread - learned something new with the rep so will be looking into that. Here's something for those new to take away from this: 1. Paypal is not a bank - don't treat them like such. 2. They are a necessary evil starting out - lower fees than Clickbank. 3. Don't leave a lot of money sitting there for them to freeze 4. CALL them if you're going to be doing anything out of the norm (for your account) to give them a heads up. I've done this when launching a product etc. Thanks Brad for a great thread. --Jack |
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| | #91 |
| Active Warrior Join Date: Aug 2008
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First of all, I'm sorry to hear about Brad's trouble with paypal. I also believe it's the first of many more incidents to come with companies like paypal. The Federal Government is seeking more ways to capatalize on the productivity of self employed entrepreneurs like those found on this forum. Its also all about control. Paypal has probably already adopted Know Your Customer policies much like the banks are required to. Banks routinely file Suspicious Activity Reports with the FBI when unusual deposits and withdrawals are made. I wouldnt be surprised if paypal does this also. Same thing goes for transactions that reach the magic 10K amount. Transaction report is made to the Treasury Department so it can be investigated for possible money laundering, tax evasion, & ad nauseum BS...... If you control the money, you dont care about it's laws and you have the people right where you want them! Paypal isnt going to be alone in this. Herzlich Wilkommen zur Polizei Staat Amerikas!!!! (Warm Welcome to the Police State of Amerika!) |
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| | #92 | |
| Active Warrior Join Date: Aug 2008
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Also, when you agree to Paypal's TOS, that is a legally enforceable contract and their lawyers most certainly have covered their caboose as to the legality of their seemingly "arbitrary and capricious" decisions to freeze accounts. I like the line from the original Charlie and the Chocolate Factory..... Contracts are for suckers, Wonka!!! I use them everyday!!! Mr Sault, used car salesman and Veruca's dad...... Bottom line, Paypal has a great gig going and is going to do what it needs to do to keep it going. No way do they want to deal with DOJ lawyers bringing them up on criminal charges for money laundering or anything like that. That is exactly what happened to e-gold! | |
| Last edited by Livefire; 10-27-2009 at 08:55 PM. Reason: addtional comment. | ||
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| | #93 |
| Advanced Warrior War Room Member Join Date: Nov 2007 Location: Ontario, Canada.
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Hey Brad, awesome that it got unlocked thanks to a highly visible blog! It's amazing that they've been able to continue on with their crappy ways. Getting a PP rep...now there is a killer tip that I'll be acting on before everyone else jumps all over it......was that out loud? Glad you're back up man. |
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| | #94 | |
| Yezzar.com War Room Member Join Date: Oct 2005 Location: Malaysia
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For everyone, dont take this freeze thing personally. Take it as a challenge, and move forward positively with your business. | |
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| | #95 | |
| Active Warrior Join Date: Aug 2008
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A US citizenship has become more of a liability than an asset! Thanks again for sharing this. | |
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| | #96 | |
| aka Jack Morrison War Room Member Join Date: Oct 2009
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... They have screwed me over more times than I care to count. I used to sell virtual currency (that is, money for online games - Everquest in this case) and I basically went bankrupt over fraudulent charges that Paypal didn't "feel" like investigating because it was digital product. I finally managed to track down their phone number (wasn't that easy back then...) and I got the same runaround on the phone.Their policies infuriate me sometimes. It seems they lose sight of the fact that there are real people with real finances on the other end of the e-mail. | |
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-- Jack Morrison / um1001
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