9 replies
Question of the day...

How do you avoid,

"PayPal freezing your account when you make $100k in one day?"

I haven't really had any problems with pay pal in the past but I haven't really used pay pal in the past either...

I've heard of people getting their account freeze from Pay Pal for $30k in one day.

When I called Pay Pal they tried to avoid answering my question altogether...

Any Solutions?

Thanks,

Bryan
#freeze #paypal
  • Profile picture of the author rondo
    Any payment processor or merchant account would freeze you if a huge amount was received unexpectedly. Call them in advance and let them know you are expecting a large number of sales.


    Andrew
    Signature
    {{ DiscussionBoard.errors[278495].message }}
  • Profile picture of the author Jessica Lynn
    I'm not sure there's any way to avoid having them freeze your account... that's a lot of money for one day!

    Paypal reps are rarely ever helpful, whether they're on the phone or replying via email. I suggest you just prepare yourself by having a backup payment processor.
    {{ DiscussionBoard.errors[278906].message }}
  • Profile picture of the author Ebbi
    First of all if I was running a payment processor and some
    account just got 100k in one day! I'm pretty sure I would
    freeze that account too!

    If you truly have this much money in your account and it
    got frozen what you should do is contact any respected law
    firm and make deal with it! If you do that you'll have your
    account up and running in matter of hours if you aren't
    doing anything illegal!

    Ebbi
    {{ DiscussionBoard.errors[278921].message }}
  • Profile picture of the author angela99
    $100K in one day?

    And PayPal freezes the account?

    We all should be so lucky... what a terrific problem to have. :-)

    Here's what to do: pick up the phone and call your accountant.

    The problem is that you need to have sufficient funds in your bank account to cover many of your funds in PayPal, so that PayPal isn't left holding the baby if you get lots of complaints and people wanting their money back.

    It's NOT a problem you need to worry about -- let the professionals handle it. Your accountant will talk to your bank and PayPal.

    As I said, a terrific problem to have...

    Cheers

    Angela
    {{ DiscussionBoard.errors[278935].message }}
  • Profile picture of the author spressnell
    PayPal has not been on my top 10 companies to deal with so I'm not surprised.

    Shirley
    Signature

    Hidden Ways to Wealth--clear away the “gunk”
    about money using innovative energy tools
    http://bit.ly/11atk2


    {{ DiscussionBoard.errors[278970].message }}
  • Profile picture of the author globalpro
    I have a few clients that have produced very large in fluxes of sales in one day. They made contact with PayPal in advance and had their account flagged as to the possibility of this happening. There were no problems as a result of this.

    I forget what sales amount you get to, but at some point you can get an account representative to deal with. They have always through in a pinch.

    The key is communication. While PayPal is definitely consumer minded, they do make their money of of the transaction fees from the vendor.

    Thanks,

    John
    {{ DiscussionBoard.errors[278975].message }}
  • Profile picture of the author Mike Hill
    Yes PayPal was very helpful with me because I had enough foresight to call in advance and let them know what was going on. I even had them on the phone during launch just to make sure...

    Everything went fine

    Mike Hill
    {{ DiscussionBoard.errors[279181].message }}
  • Profile picture of the author radicals
    You are lucky to be able to use paypal. I just wish it was available in my Country, or at least that affiliates would also have Moneybookers or something as an alternative for us non-paypal people - yes we do exist...
    {{ DiscussionBoard.errors[279193].message }}
  • Profile picture of the author richfit
    Thanks Everyone,

    Especially for reminding me about letting my attorney's handle that...

    Great idea! I need to use them more often anyway ; )

    Bryan
    Signature
    PerfectFunnelSystem.com - Enter to WIN a Brand NEW Kindle Fire + Download My Report titled, "11 Irresistible Money Magnets To Generate More Leads For Your Business!"

    Affiliates earn over $404 per sale + $38 per month recurring cash flow when you share "this experience" See why top marketers are promoting like crazy!
    {{ DiscussionBoard.errors[280421].message }}

Trending Topics