I'm new here and very worried about Paypal!!!

marinemarlene11 · #1 10-19-2016

Hello everyone,

I really need some realistic advice about paypal....I have just called them to try and scope it out and the guy on the other end was not the most reassuring.

Essentially I am about to start a dropshipping business on eBay. I have a dropship account with a supplier which has a UK warehouse and uses Royal Mail (untracked). I have a business seller eBay Featured Store which has been open around 6 months. My Paypal account i have had for years.

My listing allowances have been boosted to 3000 listings a month, I havent had any active listings for a couple months while i was deciding what best to do online for income.

My plan is to bulk upload 3000 listings from my dropship account. I use a 1% of inventory sold per day general rule. So around 30 sales a day.

I expect most of my items will be sold for around £10 - so potentially a total of £300 in received payments to Paypal per day......

I called Paypal to check if i had any receiving limits and check they won't do anything horrendous like lock my funds. The answer i got wasn't all that reassring......rolling reserves of 10%-100% for 30 or 90 days......minimum reserves of £1000!!!!!

How the hell do i cope with this. How does anyone cope with this??

I need to access the funds to place the corresponding orders with my dropshipper!

*A side note - I am setting up an online business so i can spend time overseas with my partner who works in Egypt. Now i am worried about logging in from another country too..........*

Advice! Likelihood? Ways to manage? Please help!!

Thank you for reading this!

JamesNorth101 · #2 10-19-2016

Did you tell them when you called that you were drop shipping?

UKGiftWarranty · #3 10-19-2016

Get a dedicated and unique VPN so you can access both eBay and PayPal via a fixed UK IP, that eradicates any potential issues with your Egypt concerns.

wired · #4 10-20-2016

Sending items untracked is a path to failure.

marinemarlene11 · #5 10-20-2016

I didnt use the term 'dropshipping', but i made clear i have an arrangement with a supplier and i will need the cash flow to fulfil the orders.

Wired - It's not ideal....although Royal Mail 2nd class free shipping is pretty widely used. As i have no other option i'll just have to see how it goes. Maybe i can work out another deal with supplier if it becomes an issue.

rsot · #6 10-20-2016

Welcome to the forums - why not consider using SEPARATE paypal accounts for buying and selling? Lessens the easy link by pp for dropshipping (when they don't tend to like)

marinemarlene11 · #7 10-20-2016

Hi rsot - didn't think of this. Wouldnt i still have an issue with accessing held funds from the recieving account to use from the buying account?

I guess i would need a seperate email address for the new PP account; but what about the linked cards? Would i need a separate bank card for each one?

Sorry if daft questions. I'm clearly new to this!

marinemarlene11 · #8 10-20-2016

Quote:

Originally Posted by UKGiftWarranty

Get a dedicated and unique VPN so you can access both eBay and PayPal via a fixed UK IP, that eradicates any potential issues with your Egypt concerns.

Thanks for this. How would i go about getting one of these? Will it drastically slow my connection speed when i use it? Egypt broadband 'Camel Net' isn't the best at times!