Paypal Withdrawl Denied......

moomooj · #1 (**permalink**) 02-08-2010, 08:46 PM

Hello everyone!

I initiated a PP withdrawal of $200 last week to my Fidelity brokerage account. And then my Fidelity account got frozen for some stupid personal reason which had nothing to do with PP. I just received an email from paypal saying that "Withdrawal from Your PayPal Account Denied". So my question is am I going to get limited now? Shall I call PP to explain? I'm freaking out. My ebay account has very good track records, and selling very few vero items. Any input is appreciated. Thank you a million!!

username · #2 (**permalink**) 02-09-2010, 04:41 PM

depends.... Is your paypal account in your real name?

moomooj · #3 (**permalink**) 02-09-2010, 08:05 PM

Nope

username · #4 (**permalink**) 02-10-2010, 03:40 PM

Well did the money return to your paypal account? if it did and you are still limit free then your good

otherwise you are looking at a possible limitation

First Edition · #5 (**permalink**) 02-10-2010, 06:14 PM

Huh.... do you usually do withdrawals to a bank account? Why not just withdraw to the bank account and add funds to fidelity where you have no issues? I'm not sure what bank fidelity uses.

moomooj · #6 (**permalink**) 02-10-2010, 08:55 PM

Quote:

Originally Posted by username

Well did the money return to your paypal account? if it did and you are still limit free then your good

otherwise you are looking at a possible limitation

Yep, the money got back to my PP, and the account is still okay. I guess I'm gonna be alright?

moomooj · #7 (**permalink**) 02-10-2010, 08:57 PM

Quote:

Originally Posted by First Edition

Huh.... do you usually do withdrawals to a bank account? Why not just withdraw to the bank account and add funds to fidelity where you have no issues? I'm not sure what bank fidelity uses.

Well......I don't have a bank account, I'm on ChexSystem.

First Edition · #8 (**permalink**) 02-11-2010, 08:27 AM

Some banks don't care that you're on chexsystems. Have you tried a local bank or credit union? I would also advise spending a few hundred dollars creating an LLC that has a tax ID. You can then open a bank account in that entities name, which you are the sole owner.

Don't ever give up because someone has your name on a spreadsheet.

moomooj · #9 (**permalink**) 02-11-2010, 03:56 PM

That piece of spread sheet is ruining my life......Thank you for the new idea, I will look into that right away!

First Edition · #10 (**permalink**) 02-11-2010, 07:47 PM

It's not really an idea, it will work. It's a method! People do it all the time. How do you think Donald Trump declared bankruptcy 14 times?