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Is it riskier to accept $1100 with paypal single transaction?

Discussion in 'PayPal' started by olddocks, Nov 11, 2010.

  1. #1
    my client wants to pay a single web payment of $1000 as one time fee and dont want to pay daily. i am afraid it is more riskier with paypal. what do you suggest?
     
    olddocks, Nov 11, 2010 IP
  2. venki24

    venki24 Peon

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    #2
    No risk, go ahead and accept the payment
     
    venki24, Nov 11, 2010 IP
  3. nitinleew

    nitinleew Well-Known Member

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    #3
    lol...Don't worry.YOU CAN RECEIVEAS MUCH AS YOU WANT...
     
    nitinleew, Nov 11, 2010 IP
  4. alexgreatcpa

    alexgreatcpa Well-Known Member Affiliate Manager

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    #4
    you can receive as much as you want , sender should be verified and with good credit in paypal .
     
    alexgreatcpa, Nov 11, 2010 IP
  5. alfhareza

    alfhareza Member

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    #5
    come on, don't hesitate
     
    alfhareza, Nov 11, 2010 IP
  6. olddocks

    olddocks Notable Member

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    #6
    sorry but i heard somebody saying that it wont be good idea to accept more than $1000 with paypal and the best way is bank transfer. i am a small time seller and dont know whether paypal would get suspicious if i start accepting big amounts. of course i seller and buyer are verified and we both have good relationship.
     
    olddocks, Nov 11, 2010 IP
  7. Moses8595

    Moses8595 Peon

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    #7
    As you said he is a trusted person..Then there is no need to worry
     
    Moses8595, Nov 11, 2010 IP
  8. XuryaX

    XuryaX Well-Known Member

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    #8
    At most PayPal will ask for CC and Address verufication.
     
    XuryaX, Nov 11, 2010 IP
  9. SearchFreak

    SearchFreak Peon

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    #9
    Have him pay with a Paypal Mass Pay, Paypal mass payments are not protected under paypal's buyer protection. There also no fee's to accept a Mass payment, the sender will pay $1 to paypal to send the money. Once the money hits your account the buyer will be unable to reverse it.
     
    SearchFreak, Nov 12, 2010 IP
  10. deluxdon

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

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    #10
    No need to worry at all. If your sender is genuine then no worries just go ahead.

    DON.
     
    deluxdon, Nov 12, 2010 IP
  11. earnincome

    earnincome Peon

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    #11
    Paypal do accepts money. If you are worried about yourself, then big big trusted sites like godaddy accept 10-15k per day single transaction. How do they get worry?

    Just dont be worry if you know the buyer perfect, and your work is correct.
     
    earnincome, Nov 14, 2010 IP
  12. chems

    chems Greenhorn

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    #12
    if is trusted person go ahead then
     
    chems, Nov 15, 2010 IP
  13. muffet

    muffet Active Member

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    #13
    You shouldn't have any worries if you deliver exactly as what was describe or discuss between the two of you. If you feel more comfortable you can write agreement between yourselves stating what the initial $1000 is for and whether it will be refunded or not if a dispute arises between the two of you. If that option doesn't work for you, you can utilize an outsourcing site's escrow service if you're doing a web project and have the person release the $1000 in milestone payments or the full payment after you delivered the completed project and their satisfied with it. Lastly you can accept the $1000 from the other person at you own risk. I advise you to have some sort of agreement (contract) between you and the other person which states exactly what the initial $1000 is for and when will the remainder become due.
     
    muffet, Nov 16, 2010 IP
  14. fiqih

    fiqih Peon

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    #14
    Just ask your client to send his money right now! Paypal is not risky if you have verified account and do not want to make an illegal transaction. :)
     
    fiqih, Nov 18, 2010 IP
  15. alexgreatcpa

    alexgreatcpa Well-Known Member Affiliate Manager

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    #15
    Nothing worried . Because its all depend on your sender credibility .
     
    alexgreatcpa, Nov 21, 2010 IP
  16. namduong8889

    namduong8889 Peon

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    #16
    i received 1,700 from rentacoder.com and the stupid paypal limited my account.

    Im so sick of it. I sent a bunch of documents with no hope.. i googled for a while and i found this website.. thats why im here
     
    namduong8889, Nov 21, 2010 IP
  17. smallbusinessguy

    smallbusinessguy Peon

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    #17
    In my case, once they put the transaction under review and released the funds in a days time. You can go ahead. If you are really not comfortable with the one time payment, ask the seller to send in 2 or 3 installments. Never forget to save any records of the transaction and that he owes you the money. You can never tell when relations get spoiled

    You should have chosen bank deposit. Call them up. When the limit your account, normally they might help when you call. However, most of the time you end up with a 180 days wait period
     
    smallbusinessguy, Nov 21, 2010 IP
  18. olddocks

    olddocks Notable Member

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    #18
    thanks guys! i have chosen merchant account instead of paypal to process high value payments. i guess that is a cheaper way for me because paypal fees are too high.
     
    olddocks, Nov 21, 2010 IP
  19. lambda1

    lambda1 Well-Known Member

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    #19
    Can you PM me the service that you are using for Merchant Account?

    THnaks :)
     
    lambda1, Jan 10, 2011 IP
  20. LostSaint

    LostSaint Peon

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    #20
    no risk at all ! I got $2300 at once and nothing bad ahppend !
     
    LostSaint, Jan 11, 2011 IP