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Receive big funds to my PayPal

Discussion in 'PayPal' started by Penicillin, Dec 1, 2009.

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  1. #1
    Hello
    I have a US-verified-personal PayPal account, not new and not very old.
    If someone sends me, let's $5,000 one time, will be there any problems, will my account be limited?

    Thanks
     
    Penicillin, Dec 1, 2009 IP
  2. Vinsar

    Vinsar Active Member

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    #2
    Check in your account what are the limits set for you.
     
    Vinsar, Dec 1, 2009 IP
  3. Penicillin

    Penicillin Greenhorn

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    #3
    Unlimited, because it's verified and linked to a card.
     
    Penicillin, Dec 1, 2009 IP
  4. tobycoke

    tobycoke Peon

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    #4
    It also depends who is sending you the money (are they verified/unverified?) and from where. I've had PayPal hold a couple of large payments to me for 24 hours while they verify the transaction.
     
    tobycoke, Dec 1, 2009 IP
  5. JamesKPowers

    JamesKPowers Peon

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    #5
    I've also had this...

    Your best bet if you are still worried is to ring paypal and let them know a bit more about the transaction taking place...

    They should be able to make sure it goes through straight away!

    James
     
    JamesKPowers, Dec 1, 2009 IP
  6. Moses8595

    Moses8595 Peon

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    #6
    Don't worry mate,That's not a problem.I tried 3K from the buyer last year
     
    Moses8595, Dec 1, 2009 IP
  7. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #7
    No worry at all if payment sender is genuine and you are able to show them certain documents related to that transfer if they ask by any chance.

    DON.
     
    deluxdon, Dec 1, 2009 IP
  8. radhika.writer

    radhika.writer Well-Known Member

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    #8
    Well I don't think there should be any problem with the transaction until unless you both are genuine and that transaction is done with in the toss of PayPal. Be ready with your documents to show to PayPal if they raised their eyebrows otherwise that can be real pain for you.

    Regards
     
    radhika.writer, Dec 2, 2009 IP
  9. scurvy

    scurvy Well-Known Member

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    #9
    I wouldnt recommend it. With Paypal fees, u'll be lucky to have 5 bucks in it after a coupla weeks :p
     
    scurvy, Dec 2, 2009 IP
  10. Dondon2d

    Dondon2d Peon

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    #10
    They'll have to verify the transaction first. That's for sure. With amount that big, why not use other methods instead? Just a thought.
     
    Dondon2d, Dec 2, 2009 IP
  11. RightMan

    RightMan Notable Member

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    #11
    The first transaction involving huge sum of money is bound to raise a red flag at Paypal's end but if you are able to satisfactorily convince them of the genuineness of the same with supporting documents, rest all deals of similar kind would pass through easily without a hitch!

    It is always the first transaction that creates a bit of stir!

    Regards,

    RightMan
     
    RightMan, Dec 2, 2009 IP
  12. Western

    Western Well-Known Member

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    #12
    no paypal isn't safe . specially when you had some dispute/chargeback history
    see
     
    Western, Dec 2, 2009 IP
  13. Dondon2d

    Dondon2d Peon

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    #13
    Couldn't agree more! :)
     
    Dondon2d, Dec 2, 2009 IP
    Radz likes this.
  14. Radz

    Radz Notable Member

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    #14
    Try iKobo, you will save a lot in fees. No Dispute, No Payment Holds, No Limited account, No Wait for Payments, Just get a Debit Card and withdraw from ATM :D
     
    Radz, Dec 2, 2009 IP
  15. Moses8595

    Moses8595 Peon

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    #15
    well,If the buyer send the money via "Masspay",Then he can not open a dispute any more...
     
    Moses8595, Dec 2, 2009 IP
  16. Feizar

    Feizar Prominent Member

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    #16
    Use wire transfer, that would be the best for huge transaction to minimize fees

    if fees dont matter to u then use Escrow
     
    Feizar, Dec 2, 2009 IP
    Radz likes this.
  17. techfreak

    techfreak Member

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    #17
    You should be careful while receving big amount to your paypal. Please check whether you are giving billing and address or not
     
    techfreak, Dec 2, 2009 IP
  18. tbsboy

    tbsboy Peon

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    #18
    It would have been better if u would choose Western Union.
     
    tbsboy, Dec 2, 2009 IP
  19. mainstreamnet

    mainstreamnet Guest

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    #19
    Yes this would be safer. Paypal can limit your account for any(no) reason and hold the funds for 180 days.
     
    mainstreamnet, Dec 2, 2009 IP
  20. Maslova

    Maslova Peon

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    #20
    Paypal are too expensive to use for such an amount.

    They will probably freeze your account while they "verify" the source. (Don't hold your breath - 6 to 8 months is usual).

    If you do do this - withdraw the funds IMMEDIATELY. They only freeze accounts with money in. Get the money out before they notice it and they will ignore it.

    Read this site: Paypal Sux

    My bet is they freeze your account instantly. Use a wire transfer and save yourself 4%.
     
    Maslova, Dec 3, 2009 IP
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