Should I be this scared of paypal?

minimum trial is $4.95 with clickbank for some reason.


and yeah thats a lot of my fear that I build this up to a couple thousand subscribers and then BAM - paypal strikes and ruins the business.

growing fast is risky to paypal

Hate to disagree, however, MANY people (name 2) have had their accounts frozen by Paypal and there has not been ANY infringement by the account owner, (except for having lots of money going in to their Paypal account).
Even some Warriors have had their accounts frozen for unknown reasons.
Paypal have their own set of rules.

Thanks

This is absolutely false. PayPal is FAMOUS for pulling accounts and holding money for their own reasons. Like was said by the OP, they can often get upset or suspicious just because you start making a great number of transactions suddenly. That's something that a business wants right? To make lots of money quickly? But it can get you in trouble with paypal, I know this from my own personal experience.

Paypal holds money when they have the inkling to do so, they are not a bank and not held to the same legal standards.

Sorry for the rant, but I hate blanket false statements like that. OK, I better now, aaaaaah.

Actually if you are selling anything through Paypal you should be very afraid. That is my stance after multiple personal encounters with them and their policies.

Request a Paypal Business account manager, to follow your account(s).
If you can get one, and something happens, you can refer to the manager for assistance and clarification.

And that makes me wonder what is so wrong with submitting verification documents to your own payment processor... Is it because you are doing something shady, or is it because you need to stay anonymous because you are violating their policies.

We ALWAYS submit the documentation the very same day they are required. And we never had a problem.

LB

just to clarify with everyone I already do a lot of business with paypal on a daily basis and have been limited before - this is all through my wifes account.

Problem is with a recurring product the stakes are higher, but there have been some good tips here I really appreciate them so far!

Bill is correct. Nevertheless, I solve these problems for a living. I've worked with plenty of clients, including Warriors on this forum, that have serious hassles with PayPal for arbitrary reasons.

Are there plenty of people who've had no problems? Yes. The question is, do you want to risk having a problem when you can the least afford it. Most of the U.S. members on the forum have no idea how bad it is for those who've experienced this and other international PayPal users.

In almost every other country, PayPal either limits of holds large reserves on normal accounts. Some entire countries and continents are almost completely banned. In some countries, you might get an account, but cannot connect it to a bank.

How do I know? I've worked with these same abused clients from Africa, Australia, Asia, Canada, Caribbean, Europe, Latin and South America, UK and US.

The bottom line is this. Since most of these PayPal type services are escrow type accounts, you can't get your money without their permission. They let you in easy because they always have 3 to 5 days to stop your withdrawals, freeze your account, refund your customers, keep your money for 6 months, and yes, never return a dime if they feel they are justified.

The final solution is to secure your own bankcard account that deposits directly to your own bank account. The key is to get your business approved and underwritten upfront. Then they know you, trust you, and let you ride the wind.

But you've got to know who the winners and losers are in the field. The workaround for internationals is often to set up a U.S. LLC and operate as a U.S. presence.

you're mistaken. You can have several accounts at one household, the limitation is a single person can't have more then 1 personal account and 1 business account. But if you have a house with 10 people, you could have 10 personal accounts and 10 business accounts going within the rules....

I know they have different rules in some cases for different countries and regions. But I just looked in my account here in the U.S. and they said a person was permitted a personal account and also a premier/business account. To quote them:
Can I have multiple PayPal accounts?


Yes. You can have one Personal account and one Premier or Business account. You can add more email addresses, debit or credit cards, and bank accounts to your account, but each account must have its own email address and financial information. You can also upgrade your Personal account to a Premier or Business account.

Straight form the horses mouth.....

5 times?

Okay now tell us exactly what you were promoting and selling and what your chargeback/refund rates were like - and please be honest

Good idea to let them know, but from my experience that did nothing. I told them 5 times I was in the middle of the launch the week they shut me down for good. I told them before the launch and I told the 4 people that called me the following 5 days asking why there was an increase in sales.

Finally after the final call from them I asked them if they keep records of speaking with me. The apologized for the hassle. Literally 2 days later my seller account was shut down. About a month after that they informed me I was "banned for life" as a seller.

The long and short of all this is that you can't trust them and just talking to them won't do any good mainly because most of their limitations are triggered automatically by their software.

I was selling a WSO which was for private label rights to a video course I personally created. As people on here know I don't create crap products that get a high refund or chargeback rate. I was selling nothing different than what you see in the WSO section on a daily basis.

After saying all of this about Paypal I still think their service (not customer service or policies) is an excellent payment solution. I would give a lot to have my account back. So what I tell people is to use Paypal, follow their terms, and literally go into it with a back up payment solution. This way if you get shut down in the middle of the launch switching to another processor won't kill you. I stay away from big memberships with them though because if they do limit you then all memberships would be cancelled. I would use Clickbank for that.

Have a backup and plan on getting shut down so when it happens you aren't too disappointed.

lot of mixed responses here as can be expected with paypal

I personally use them and do a lot of volume through them, but for a membership site where there will be lots of subscribers and a big launch, I think I"ll go with clickbank.

I think overall, paypal is still safe. There are some scary stories about paypal but it is a very small percent of users. If you follow the rules and protect your account then I think you're ok

thanks - I do have an alertpay account but seriously who uses alertpay?

Accepting paypal payments is crucial these days

Like selling an antique violin?

PayPal Tells A Buyer To Destroy A $2,500 Antique Violin Instead Of Returning It For A Refund

Unbelievable...

~Bill

very interesting information thank you