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Can i recieve more than $1 million through paypal?

Discussion in 'PayPal' started by Safaseo, Jun 27, 2012.

  1. #1
    Let's say somebody/international business partner going to transfer me some big amount of money can we use paypal?

    Thanks
    SEMrush
     
    Safaseo, Jun 27, 2012 IP
    SEMrush
  2. wisdomtool

    wisdomtool Moderator Staff

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    #2
    Theoretically yes, but you can bet on Paypal and/or your bank calling to verify the reasons on why such huge transfers.
     
    wisdomtool, Jun 27, 2012 IP
    Safaseo likes this.
  3. browntwn

    browntwn Illustrious Member

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    #3
    Why? If someone is going to transfer that large of an amount of money you could it many easier ways and ones that offer you more protection and that do not subject you to PayPal's unique set of rules and regulations.
     
    browntwn, Jun 27, 2012 IP
  4. deluxdon

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

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    #4
    Instead of that go for bank trasnfer IMO.

    DON.
     
    deluxdon, Jun 27, 2012 IP
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  5. Safaseo

    Safaseo Active Member

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    #5
    you're absolutely right bout that, they will ask and ask so many thing. i will try another ways. thanks :)
     
    Safaseo, Jun 27, 2012 IP
  6. browntwn

    browntwn Illustrious Member

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    #6
    Bank wire/transfer would be the most common way funds of that type are transferred from one party to another.
     
    browntwn, Jun 27, 2012 IP
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  7. Safaseo

    Safaseo Active Member

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    #7
    That's a good thought, we need protection. we will choose and try another easier and secure ways. thank you so much. :)

    we will think bout this option, maybe this is the best option outside there. thanks :)
     
    Last edited: Jun 27, 2012
    Safaseo, Jun 27, 2012 IP
  8. lifeplayer

    lifeplayer Notable Member Premium Member

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    #8
    Yes. However, both PayPal and national bank sure will call you and ask for the verification
     
    lifeplayer, Jun 27, 2012 IP
  9. deluxdon

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

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    #9
    But in bank case there is less risk (you can say no risk) involve in compare to paypal (limitations problem).

    DON.
     
    deluxdon, Jun 27, 2012 IP
  10. Safaseo

    Safaseo Active Member

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    #10
    Thank you so much guys. I appreciate all your responses to my question. :)
    We will choose and go with Bank wire/transfer like @deluxedon and @brwtwn have mention.

    Thanks!

     
    Safaseo, Jun 27, 2012 IP
  11. whattawaltz

    whattawaltz Peon

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    #11
    You can receive more than $1M, the question is, would it be safe?
     
    whattawaltz, Jun 27, 2012 IP
  12. dscurlock

    dscurlock Prominent Member

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    #12
    and you can bet Paypal would surely place a long term hold on that million dollars...
    They are not going to risk million dollars unless they know 100% the transfer will be safe...
    otherwise, they may end up being liable for the million dollars, so expect a hold...

     
    dscurlock, Jun 28, 2012 IP
  13. Brother Hassan

    Brother Hassan Member

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    #13
    Try contacting Paypal support before the transfer just to be safe - you do not want your account to be limited.
     
    Brother Hassan, Jun 28, 2012 IP
  14. lifeplayer

    lifeplayer Notable Member Premium Member

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    #14
    As i know bank from different country have different limitation, 1million transfer to bank can be frozen, the bank will call the money receiver to declare if the money is from oversea to ensure the money is legal.
     
    lifeplayer, Jun 28, 2012 IP
  15. buicky

    buicky Peon

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    #15
    1 million ? i recommend to contact paypal before
     
    buicky, Jun 28, 2012 IP
  16. Jeffreyw

    Jeffreyw Well-Known Member

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    #16
    Even a bank transfer would tip off the bank. With such a large amount and terrorism these days, people are getting paranoid.
     
    Jeffreyw, Jun 18, 2018 IP