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Noticing paypal before WSO launch?

by Ed Micah
18 replies
I've had problems with paypal checking my identification everytime I launch a WSO (sudden payments in short amount of time).

So I heard that to solve this - I can easily contact paypal to notify them. However my question is that, I don't think they know what WSO is, and even warriorforum? ..

How can I explain it without making it more suspicious?

Thanks
#launch #noticing #paypal #wso
  • Profile picture of the author stuzilla
    Just a suggestion: How about telling them you are doing a discount give away on a forum and you might expect a bigger quantity of orders coming through for the week/month.
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    • Profile picture of the author WillR
      Originally Posted by stuzilla View Post

      Just a suggestion: How about telling them you are doing a discount give away on a forum and you might expect a bigger quantity of orders coming through for the week/month.
      Wow, for sure. If you want to have them scrutinise your account then say something like this. Seriously, what sounds more risky than someone doing a discount giveaway on a forum?! I personally would not say that and I would not contact them at all.

      If you have a business account setup and you have confirmed your account with the relevant linking of bank accounts, credit cards, etc, then I wouldn't bother notifying them. Why draw any unnecessary attention to your account? Besides, contacting them prior will not stop your account being frozen or limited. If I was running a scam I could just as easily contact Paypal and warn them just like you - they are not stupid and won't just take your word for it. If you trigger their automatic fraud filters they will investigate things no matter what.
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  • Profile picture of the author Ed Micah
    Interesting - I think that'd work.

    Any other warriors that had experiences with this?
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  • Profile picture of the author Dan Allard
    You could just tell them you're launching a new product and expect a lot of orders.
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  • Profile picture of the author J Bold
    From what I've read before, calling them does nothing.

    If you suddenly made a bunch of money, like tens of thousands in a day or two, you may get limited while they check your account.

    I think it's someone in their risk department who you would need to get a hold of, and they are not always easy to get ahold of if you just call up customer support.

    Honestly, I think your best bet would be to buy one of the products that best describes how to stay on paypal's good side. I think Jason Fladlien did a WSO here about it, and he knows his stuff. Not sure if it's still available. There are others as well...
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    • Profile picture of the author Ed Micah
      Originally Posted by redicelander View Post

      From what I've read before, calling them does nothing.

      If you suddenly made a bunch of money, like tens of thousands in a day or two, you may get limited while they check your account.

      I think it's someone in their risk department who you would need to get a hold of, and they are not always easy to get ahold of if you just call up customer support.

      Honestly, I think your best bet would be to buy one of the products that best describes how to stay on paypal's good side. I think Jason Fladlien did a WSO here about it, and he knows his stuff. Not sure if it's still available. There are others as well...
      Interesting. I often think they are way too strict on these kind of things. But being that said - the true fact is that they really are the most safe and secure online payment system ...
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  • Profile picture of the author Ed Micah
    .. woah - Will, your words always surprise me. You got your point there, however besides that my account is verified, I don't have a business account.

    Being said, I think I'll just have to let them limit it and verify my id again :/
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    • Profile picture of the author WillR
      Originally Posted by lcn View Post

      .. woah - Will, your words always surprise me. You got your point there, however besides that my account is verified, I don't have a business account.

      Being said, I think I'll just have to let them limit it and verify my id again :/
      I see you are in Australia as am I. Why not get yourself an ABN (it's free) and then you can change over to a Paypal business account. They are much more likely to leave you alone with a business account because they have more evidence that you are who you say you are, should you ever decide to screw them over.

      I know of a few Aussies on this forum, including myself, who have done big numbers in small periods of time and have not had any problems (touch wood). But they have all been using verified Paypal business accounts, as am I.
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      • Profile picture of the author Ed Micah
        Originally Posted by WillR View Post

        I see you are in Australia as am I. Why not get yourself an ABN (it's free) and then you can change over to a Paypal business account. They are much more likely to leave you alone with a business account because they have more evidence that you are who you say you are, should you ever decide to screw them over.

        I know of a few Aussies on this forum, including myself, who have done big numbers in small periods of time and have not had any problems (touch wood). But they have all been using verified Paypal business accounts, as am I.
        ABN can be obtained at the ATO right? - Can I really get an ABN without really having a business in reality?
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        • Profile picture of the author WillR
          Originally Posted by lcn View Post

          ABN can be obtained at the ATO right? - Can I really get an ABN without really having a business in reality?
          If you are going to be making money or spending money on a business venture then yes, you can have an ABN. I am just a sole trader and so I have an ABN. While i was working in a regular job I also had an ABN for this online stuff I was doing on the side.

          At worst it allows you to claim your expenses each year such as domains, hosting, etc and as soon as you start making profit those expenses will go against the profits - its definitely worth it.
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  • Profile picture of the author gotti3636
    Open a business account with PayPal and you won't need to worry about it

    Get yourself an ABN and register a business name. It is well worth it and will save you a lot of money at tax time!
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  • Profile picture of the author tpw
    Originally Posted by lcn View Post

    I've had problems with paypal checking my identification everytime I launch a WSO (sudden payments in short amount of time).

    So I heard that to solve this - I can easily contact paypal to notify them. However my question is that, I don't think they know what WSO is, and even warriorforum? ..

    How can I explain it without making it more suspicious?

    Thanks

    You can absolutely count on PayPal knowing about the Warrior Forum and Warrior Plus, if you use it too.

    Allen Says and Mike Lantz recently had a phone conversation with the PayPal security team, discussing exactly how it was that they were generating so many dollars online.

    If only I could have been a bug on the wall...

    The only thing we know about what might have been said is that the WF added alternative payment options after that phone call.
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    Bill Platt, Oklahoma USA, PlattPublishing.com
    Publish Coloring Books for Profit (WSOTD 7-30-2015)
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  • Profile picture of the author Ed Micah
    As to Will and Andrew -
    how exactly can I get an ABN? requirements?
    what can I do with it? benefits? disadvantages?
    how to use it? tax? what can I do with it?
    Can I get it just because I want the business name? (without having a real business)
    any other special things about having a business name that I need to know of?

    Will, what do you mean by the expenses will go against the profits?
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    • Profile picture of the author gotti3636
      Originally Posted by lcn View Post

      As to Will and Andrew -
      how exactly can I get an ABN? requirements?
      what can I do with it? benefits? disadvantages?
      how to use it? tax? what can I do with it?
      Can I get it just because I want the business name? (without having a real business)
      any other special things about having a business name that I need to know of?

      Will, what do you mean by the expenses will go against the profits?
      Just go to the ATO website and you can apply to get an ABN. Once you do that then go over to the Australian business register and register yourself a business name with your ABN. There are no requirements really to get an ABN, as long as 'you expect to turn a reasonable profit' then you can get one. If I remember correctly, registering an ABN is free and it is about $100 to register a business name. By making money online like you have been doing, you have actually been running a business without realizing it

      There are many advantages with registering a business and I can not think of any disadvantages. The main advantage is that at tax time, you can write off all of your expenses against your profits. For example, if you spent $1,000 in advertising in order to make yourself $5,000 then you can write off that $1,000 in costs and only pay tax on $4,000 instead of $5,000. This goes with things like hosting, domains, PPC costs and anything similar. You can deduct them all from your total earnings so you pay less tax. You can also deduct consumables such and printer cartridges, paper, pens...or anything that is required for you to run your IM business and make money online.

      Lets say you made $100,000 from your IM work over the last financial year but you spent $30,000 to make that money. At the moment you will not be allowed to make any substantial deductions and you will need to declare and pay tax on all $100,000. If you had an ABN then you would only need to pay tax on $70,000 instead. As you can see, this will save you thousands of dollars when it comes to paying tax

      You can also open business accounts with banks and PayPal which have other advantages too!
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      • Profile picture of the author Ed Micah
        Originally Posted by gotti3636 View Post

        Just go to the ATO website and you can apply to get an ABN. Once you do that then go over to the Australian business register and register yourself a business name with your ABN. There are no requirements really to get an ABN, as long as 'you expect to turn a reasonable profit' then you can get one. If I remember correctly, registering an ABN is free and it is about $100 to register a business name. By making money online like you have been doing, you have actually been running a business without realizing it

        There are many advantages with registering a business and I can not think of any disadvantages. The main advantage is that at tax time, you can write off all of your expenses against your profits. For example, if you spent $1,000 in advertising in order to make yourself $5,000 then you can write off that $1,000 in costs and only pay tax on $4,000 instead of $5,000. This goes with things like hosting, domains, PPC costs and anything similar. You can deduct them all from your total earnings so you pay less tax. You can also deduct consumables such and printer cartridges, paper, pens...or anything that is required for you to run your IM business and make money online.

        Lets say you made $100,000 from your IM work over the last financial year but you spent $30,000 to make that money. At the moment you will not be allowed to make any substantial deductions and you will need to declare and pay tax on all $100,000. If you had an ABN then you would only need to pay tax on $70,000 instead. As you can see, this will save you thousands of dollars when it comes to paying tax

        You can also open business accounts with banks and PayPal which have other advantages too!
        Interesting - info that I haven't touched before.
        So what percentage is the tax for a business? and for all of these processes - I do need a accountant right? apart from above stated - are there any fees that I will have to pay as a business owner?

        thanks andrew
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        • Profile picture of the author gotti3636
          Originally Posted by lcn View Post

          Interesting - info that I haven't touched before.
          So what percentage is the tax for a business? and for all of these processes - I do need a accountant right? apart from above stated - are there any fees that I will have to pay as a business owner?

          thanks andrew
          Hi, the percentage for your business can change depending on a few factors and how you set it up (best to ask your accountant as they will work it out in whichever way that makes you pay less tax ) The main advantage is the fact that you can deduct all of your expenditures from your total earnings which saves you a lot of money at tax time.

          There are no other fees that I can recall apart from the ~$100 cost to register the business name. It is well worth having a proper business set up no matter how much money you are currently making.
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          Always looking to invest in or partner with people on business ideas. PM me!
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        • Profile picture of the author WillR
          Originally Posted by lcn View Post

          Interesting - info that I haven't touched before.
          So what percentage is the tax for a business? and for all of these processes - I do need a accountant right? apart from above stated - are there any fees that I will have to pay as a business owner?

          thanks andrew
          Although I have an ABN I still just run as a sole trader which means I pay tax on my income at the same rate any other person working a normal job would. I do not use an accountant. All you need to do is keep track of your expenses and income and keep good records. Sometimes I might use an accountant at tax time just to make sure I am doing everything correctly.
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