I'll like to know if there is any danger in consistently receiving PayPal funds as family and friends? Does this raise flag or is it risky even when funds received are clean?
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Consistently sending funds as friends and family will raise flags, eventually Paypal will flag the transactions and have security reviews and may charge fees.
only if he is avoiding paying fee.
some folks receive their wages via Paypal,and they would send $$ to his family when working offshore on a regular basis.
There may not be a bank nearby
only if he is avoiding paying fee.
some folks receive their wages via Paypal,and they would send $$ to his family when working offshore on a regular basis.
There may not be a bank nearby
By definition, repeated F&F payments = repeatedly avoiding Paypals fee for commercial transactions.
I'll like to know if there is any danger in consistently receiving PayPal funds as family and friends? Does this raise flag or is it risky even when funds received are clean?
I would avoid that
You can do it a bit, but in balance with regular payments.
This is very enlightening. I guess one should mix with GnS to be on the safer side then.
They key is to keep it looking realistic, and that's very difficult to do if you're planning to use F&F payments for anything other than actually gifting small sums to your friends and family.
For example, sending a $10 payment every now and then for gas money wouldn't be suspicious. Sending $100 F&F payments repeatedly starts looking suspicious. And sending $500 F&F payments repeatedly makes it pretty obvious that you're just trying to avoid Paypal fees on commercial transactions.
It largely depends on age of the account and transaction history.
I used to accept F&F rent payments on my personal PP for about $1600 /mo for years, never had a problem. Of course my account is in my name as very old and has taken in tens of thousands. It wasn't all that unusual given my past history.
Just be aware that a newer account, particularly ones that has not many transactions before it more prone to being limited. Try and limit your use of F&F as it's likely to cause you issues when first starting out.
The receiver is the one avoiding transaction fees. And sometimes they'll limit both the sending and receiving account depending on how severely they feel their policy has been abused. It's not unheard of.
It largely depends on age of the account and transaction history.
I used to accept F&F rent payments on my personal PP for about $1600 /mo for years, never had a problem. Of course my account is in my name as very old and has taken in tens of thousands. It wasn't all that unusual given my past history.
Just be aware that a newer account, particularly ones that has not many transactions before it more prone to being limited. Try and limit your use of F&F as it's likely to cause you issues when first starting out.
this here. i do it all the time, but low amounts 75-150 particular to accounts that have banks, easier to withdraw 50$ or $125 then add another bank to an account.