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Paypal Premier account and maximum received funds?

Discussion in 'PayPal' started by pipes, Oct 20, 2007.

  1. #1
    I would like to know if theres any limit on the amount that you can receive in one transaction into your Premier account?
    SEMrush
    I mean say if you were sent a payment into tens of thousands to your account or more.
     
    pipes, Oct 20, 2007 IP
    deluxdon likes this.
    SEMrush
  2. eddy2099

    eddy2099 Peon

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    #2
    There should not be any limit to how much money you can receive per transaction. However, be sure that you have all the proper documentations such as invoices, delivery note and proof of delivery to back up the transaction. Otherwise anything huge can be deemed as suspicious.
     
    eddy2099, Oct 20, 2007 IP
    pipes likes this.
  3. pipes

    pipes Prominent Member

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    #3
    Thanks eddy, good points there actually, definately worth making sure everthing is in place, im guessing paypal would probably keep a close check on rather large sums entering an account, just through safety.

    thanks for the advice
     
    pipes, Oct 20, 2007 IP
  4. asianlunatic

    asianlunatic Peon

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    #4
    there is no limit, as many premier guys make thousand, even in millions(think big time IMers with their glitzy product launch)

    but make sure you have you transaction records handy, and keep paypal informed before hand the transaction happens..
     
    asianlunatic, Oct 20, 2007 IP
    pipes likes this.
  5. pipes

    pipes Prominent Member

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    #5
    Thanks asianlunatic, il keep all of that in mind, your right too regarding keeping paypal informed, thanks for your advice.
     
    pipes, Oct 20, 2007 IP
  6. eddy2099

    eddy2099 Peon

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    #6
    When you do big transactions, use the merchant tools from Paypal such as the Email Invoice to do it or even the Buy Now button but never use the Email Send method. With the Email Invoice, you can sort of generate an invoice stating the product or services which you are selling.
     
    eddy2099, Oct 20, 2007 IP
  7. inworx

    inworx Peon

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    #7
    Generally, payments over $975 are monitored by PayPal, so keep the note you deliver things only to confirmed PayPal addresses for huge transactions as delivery only to confirmed addresses are eligible for protection.
     
    inworx, Oct 20, 2007 IP
    pipes likes this.
  8. njoker555

    njoker555 Notable Member

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    #8
    premier accounts doesn't have any limits, thankfully lol but in exchange you pay fees for transaction

    and by transaction records do you mean off line documents or the history of paypal payments?
     
    njoker555, Oct 20, 2007 IP
  9. eddy2099

    eddy2099 Peon

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    #9
    Transaction records such as printed invoices, shipping documents and so on when you send the item to the customer. It is best if you can get a signature on the proof of delivery. The Invoices should indicate the item or services being offered.
     
    eddy2099, Oct 20, 2007 IP
  10. pipes

    pipes Prominent Member

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    #10
    eddy2099, thanks very helpful advice, i will remember that.

    inworx, thanks for your advice too, and handy that paypal keeps a close eye on things too.

    njoker555, its cool that theres no limit, true yeah the fees are unavoidable.
     
    pipes, Oct 21, 2007 IP
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