I've a 2 yr old Paypal premiere account and I want to send someone a big amount and was thinking is it even safe to send via paypal ? Should I ask him to send me invoice or somethin ? Will Paypal limit my account or something like tht ? But there is no need for invoice. Any suggestions please
Can you tell us how much you consider as big amount ? BTW there is no need to worry about that if sender and receiver both are genuine IMO. DON.
Its okay as long as the transaction is backup by a real transaction. I constantly sent and receiving more than $5000++/day using my company PP account without any problem.
I heard if you send more than $2500 they would freeze your account! I've never tried it before though
If you have everything correct and valid in paypal like your name, address and credit card then why are you worrying? Even if they limit it you can resolve it within 1 hour. SO, don't worry and send any amount you want to send. - Digital -
Recently a huge number of paypal account have started to be limited.... The usual cause is a large payment being sent to your account. If they lock it, YOU lose it, Simple as that. Everyone thinks it wont happen to them... lol... PAYPAL IS UNSAFE FOR SELLERS
YOU MUST BE INSANE. IF YOU SEND OR RECEIVE OVER $1000 IN A WEEK THROUGH PAYPAL YOUR ACCOUNT WILL DEFINATELY BE FLAGGED. Once you get limitations you money will be locked indefinately... and there will be very little you can do about it.
Many businesses use Paypal for thousands of dollars a week in transactions. As long as you are using a verified business/premier account, aren't getting a lot of disputed payments, and can substantiate your business transactions, that should be fine.
In some ways, it doesn't matter what the actual cash amount is - if it's "big" to you, that's what matters. Depending on the exact circumstances, I would definitely consider using an escrow service rather than just a one-off Paypal transfer. If your seller doesn't want to split the escrow fee with you, volunteer to pay the cost of this all yourself. If they're still not keen on escrow, maybe it's because they were planning to rip you off?
verified business/premier account is fine for the big transaction. It only problem if it is unverified or personal account
If you are suddenly going to be dealing with big money, Paypal might initially get suspicious but that is no reason to worry as long as your identity is real and you have documents to back it up. Regards, RightMan
IMO if you upgrade your account to Premier or business you shouldn't have a problem. I recently received a $530 payment through PP without a glitch since we were both verified. Again, it's a question of what you consider to be a large sum.
As stated, there are initally limitations on how much you can send an recieve, whether you're verified or not, before paypal ask for more details on the transactions you make, once you hit the limit, they will request more information on your business dealings.
Paypal is not the only option out there, but it's still safe if you want to send large amount of money or wire transfer
The first question you should ask yourself is whether the receiver can be trusted. Afterwards, I'd say No, there are no technical barriers whatsoever when it comes to sending thousands through PayPal. Only if the accounts in question have never sent/received $2500 in total before. I also send thousands a day through PayPal and nothing ever happened. Biggest transaction was almost $60.000 during which I almost suspected them to phone me or something but nothing happened at all. Business as usual.