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paypal -> max amount you can withdraw?

Discussion in 'PayPal' started by 8everything, Dec 20, 2006.

  1. #1
    What is the max amount of $$ you can withdraw in your account (unverified) in 1 month (or whatever the limit is). Thanks.
    SEMrush
     
    8everything, Dec 20, 2006 IP
    SEMrush
  2. Corey Bryant

    Corey Bryant Texan at Heart

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    #2
    I think it also depends on the country etc. For example on my account - I won't give them my SSN so they limit me to something like $500 or $1,000 a month. Fortunately since I don't move much business through that account there is no need for them to have my SSN
     
    Corey Bryant, Dec 20, 2006 IP
  3. 8everything

    8everything Peon

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    #3
    I'm from Canada.. I'm afraid 'cause I have a lot to withdraw..
     
    8everything, Dec 20, 2006 IP
  4. Corey Bryant

    Corey Bryant Texan at Heart

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    #4
    Chances are you will be limited to a certain amount unless you provide (more) information as requested per their TOS
     
    Corey Bryant, Dec 20, 2006 IP
  5. Futures_Equity

    Futures_Equity Well-Known Member

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    #5
    It may depend on whether you have a Premier, Business or Personal account, but my account is unverified and has a limit of $500 a month.
     
    Futures_Equity, Dec 20, 2006 IP
  6. 8everything

    8everything Peon

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    #6
    I have a business account (it's fairly old, over a year with many positive transactions)
     
    8everything, Dec 20, 2006 IP
  7. jestep

    jestep Prominent Member Premium Member

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    #7
    Also, if you have a lot of money in there, I recommend taking it out in small chunks. I think every time I have withdrawn more than $5,000 or so, they have frozen my account and asked for a bunch of stuff. Reguarless of whether you can provide the documents that they will want, it is a huge pain to get it all and send it to them. They definitely have some sort of flag for large withdrawals.
     
    jestep, Dec 20, 2006 IP
  8. 8everything

    8everything Peon

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    #8
    Really? Thanks for the advice:)

    Does $3500 chunks per month sound reasonable?
     
    8everything, Dec 20, 2006 IP
  9. iowadawg

    iowadawg Prominent Member

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    #9
    I have never had a problem withdrawing money, at any amount, even when in the xxxx or more range.

    Now with their paypal debit card, so much easier to use to buy things.
    Of course, they slapped a $500 a day withdrawal limit on me.
     
    iowadawg, Dec 20, 2006 IP
  10. 8everything

    8everything Peon

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    #10
    Will they notify you of any withdrawal limits? I'm kind of worried about getting my account frozen!
     
    8everything, Dec 20, 2006 IP
  11. Corey Bryant

    Corey Bryant Texan at Heart

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    #11
    It depends on a lot. One - you should not have let that amount of money stay in there. I don't rely on Paypal for personal reasons but you need to read their user agreement. This should be for Canada.

    They have some information there
    that you should find useful.

    Each country has its own policies in accordance to the banking regulations and Visa / MasterCard. I woud start though withdrawing a couple of hundred a day. And personally I also just keep one bank account only for Paypal. Although I have only had one issue with Paypal - the less information they have on me, the better
     
    Corey Bryant, Dec 20, 2006 IP
  12. PalSys

    PalSys palsys.io

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    #12
    I've never had any limitations on my account that I know of. It's old and well verified now, but it was always very active. I've never had any issues withdrawing, from a few hundred dollars to amounts in the xx,xxx range.
     
    PalSys, Dec 20, 2006 IP
  13. sysop

    sysop Peon

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    #13
    I suggest you to verified your account for future safety.
     
    sysop, Dec 21, 2006 IP
  14. kgrad

    kgrad Well-Known Member

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    #14
    The answer to your question depends on where you live, i.e. it varies according to your account type and your location.
     
    kgrad, Dec 21, 2006 IP
  15. stang

    stang Well-Known Member

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    #15
    Gotta love the IRS and how they are controling all these processors.

     
    stang, Dec 21, 2006 IP
  16. Corey Bryant

    Corey Bryant Texan at Heart

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    #16
    I don't give Paypal my SSN regarding fear from the IRS. Paypal just does not need it. My SSN was created for another purpose - not for Paypal and not for what most other companies use it for today
     
    Corey Bryant, Dec 22, 2006 IP
  17. bilalinamdar

    bilalinamdar Active Member

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    #17
    Simple Answer is....
    Unverified Account - 500$ per month
    Verified Account - 2500$ per month they can increase this if u have a good account or a Good country like usa.
     
    bilalinamdar, Dec 22, 2006 IP
  18. 8everything

    8everything Peon

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    #18

    What is a good account?

    My account is unverified with 50 positive transactions and it's about a year old.
     
    8everything, Dec 22, 2006 IP
  19. Blogmaster

    Blogmaster Blood Type Dating Affiliate Manager

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    #19
    Just curious, does paypal accept bank accounts from Canada? I know they don´t accept accounts from Costa Rica.
     
    Blogmaster, Dec 22, 2006 IP
  20. EGS

    EGS Notable Member

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    #20
    I know you can only withdraw a maximium of $400/day with their ATM/debit card. :) I'm not sure about the amounts per month by check, but I would imagine unlimited if you had them transfer the funds into your bank account. :D
     
    EGS, Dec 22, 2006 IP