how to avoid withdrawal issue with paypal?

kingdowney

11 years ago

Never took this much out but its probably protection from money laundering. A bank would be the same

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NelsonSanabria

11 years ago

to uplift the limit..he has to put his social security or something to prove its him...i did that a few days ago and it was lifted immediately

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DarkChameleon 11 years ago

Originally Posted by kingdowney

Never took this much out but its probably protection from money laundering. A bank would be the same

yes , and i know in the first month we should not withdrawal a lot of money , we should go easy but how long we can wait to withdrawal 10.000 at least with no problem :s

Originally Posted by NelsonSanabria

to uplift the limit..he has to put his social security or something to prove its him...i did that a few days ago and it was lifted immediately

yeah there's like a " Personal Code " to create , but what's the difference if everytime you withdrawal 1k or 2k , the alarm of security launch :s, i know it's for OUR security but come on , he has like40.000 $ to withdrawal and he's suffering from something called " security "
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untappedrep

11 years ago

Make sure:

-Your account is varied.
-Tax Info is in Place.
-Limits are lifted.
-Credit or debit is added to confirm ID.

You should not be having any problems if the above are in place.

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DarkChameleon

11 years ago

Originally Posted by untappedrep

Make sure:

-Your account is varied.
-Tax Info is in Place.
-Limits are lifted.
-Credit or debit is added to confirm ID.

You should not be having any problems if the above are in place.

-Your account is varied. => i really don't know what you mean
-Tax Info is in Place. => how to make sure if it's in Place ?
-Limits are lifted. => yes it's verified and limits are lifted
-Credit or debit is added to confirm ID. => yes it's Done

thank you

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ScottieDog

11 years ago

Originally Posted by DarkChameleon

Hi
i have a friend that has BIG incom monthly like 7k to 10k but he's going lately with a lot of security issue from paypal to withdrawal his money ?

should he withdrawal 500$ perday ? can he withdrawal everyday ?
or there's something to do first to avoid all this " technical issue for security "?

thank you

You can withdraw balance everyday if you want.

They will need to verify the account as per the previous posts. Once PayPal see the relevant paperwork from your pal there will be no problem, ie: Social Security, Business registration papers (if a business account), confirmation of Identity (passport, driving license), utility bill in some cases etc. Everything they require is listed in the section where you verify your account, the requirements can and do vary from country to country.

Sounds strange though, if he has been earning this income consistently then he should have previously verified the account. If it were his first period of such big earnings then that wouldn´t be a shock. Once an account has hit or gone over the PP unverified threshold there are requirements - Over a certain amount transacting in one period they have to verify the account by law.

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DarkChameleon

11 years ago

Originally Posted by ScottieDog

You can withdraw balance everyday if you want.

They will need to verify the account as per the previous posts. Once PayPal see the relevant paperwork from your pal there will be no problem, ie: Social Security, Business registration papers (if a business account), confirmation of Identity (passport, driving license), utility bill in some cases etc. Everything they require is listed in the section where you verify your account, the requirements can and do vary from country to country.

Sounds strange though, if he has been earning this income consistently then he should have previously verified the account. If it were his first period of such big earnings then that wouldn´t be a shock. Once an account has hit or gone over the PP unverified threshold there are requirements - Over a certain amount transacting in one period they have to verify the account by law.

he has a verified account and he's earning this income consistently
i guess you are right , he should just have all this information verified with PP

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WillR

11 years ago

A normal business really wouldn't be wanting to take money out of Paypal everyday. It just looks shady. I do one regular withdrawal each week and it's always for roughly the same amount. This type of consistency is much better. Withdrawing money as soon a you earn it though just looks dodgy.

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DarkChameleon

11 years ago

Originally Posted by WillR

A normal business really wouldn't be wanting to take money out of Paypal everyday. It just looks shady. I do one regular withdrawal each week and it's always for roughly the same amount. This type of consistency is much better. Withdrawing money as soon a you earn it though just looks dodgy.

yeah , for now , he has like 40.000 $ , he will start to withdraw 5k per week until he finish hopefully everything will goes all right :rolleyes:

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sunray

11 years ago

Originally Posted by WillR

A normal business really wouldn't be wanting to take money out of Paypal everyday. It just looks shady. I do one regular withdrawal each week and it's always for roughly the same amount. This type of consistency is much better. Withdrawing money as soon a you earn it though just looks dodgy.

To me it looks reasonable and wise. Even if we pretend PayPal does not have a reputation of freezing accounts for 180 days, why keep money on an account where there is no interest at all? Money earning no interest is being eaten by inflation on a daily basis. I either spend the money, or put it on a savings account where it earns interest.

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Kay King 11 years ago

Don't accept assumptions and opinions as fact. The person holding the account should call Paypal and discuss how to handle the funds in a way that is not going to cause a problem.
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talfighel

11 years ago

I would try withdrawing $500 at a time.

If that does not work too well, then I would call them up and ask them why they are not able to withdraw big amounts.

Sometimes it is a matter of just calling them up and asking this question. They are not going to eat you. Tell them not to be shy to call them up.

Here is their phone number for customer support.

1-877-569-1116
1-402-935-2050 (if calling from outside Canada)

4:00 AM to 10:00 PM PST Monday through Friday
6:00 AM to 8:00 PM PST Saturday and Sunday