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  #1  
Old 10-20-2015
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Default PP New Type of limit.

Hello everyone,

I just got this from PP. I just want to see if anyone came across this. Any insight would be great.

I am allowed to withdraw and send money. EXCEPT TO CLOSE THIS ACCOUNT.

Need to know once I send in the letter will it A. "close the account B. "Further limitation."

I just need to know if this account is done at this point. Its time to move on. Thanks again!.

We need your help resolving an issue with your PayPal account.

What's the problem?

You initiated a transaction that did not follow one of PayPal's cash policies. To continue using PayPal, please complete our affidavit form with details on your transaction's source of money and purpose.

How you can help

It's usually pretty easy to take care of things like this. Most of the time, we just need a little more information about your account or latest transactions.

Please log in to your account and go to the Resolution Center to find out what you need to do. If we don't hear from you soon, we may limit what you can do with your account until the issue is resolved.

Sincerely,
PayPal
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  #2  
Old 10-20-2015
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Default Re: PP New Type of limit.

Perhaps you could tell us what exactly you did to get this message.
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Old 10-20-2015
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Default Re: PP New Type of limit.

@MM78. I got a gift of paypal my cash this month from a friend who is done with paypal. He sold to me at discount rate.
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Old 10-20-2015
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Default Re: PP New Type of limit.

It sounds like they didn't like the transfer at all, most likely they assume or think it's a transfer to get around paying fees.
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Old 10-20-2015
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Default Re: PP New Type of limit.

What was the amount of this transaction?
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Old 10-20-2015
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Default Re: PP New Type of limit.

Did you call them?
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Old 10-20-2015
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Default Re: PP New Type of limit.

I actually got a debit card from PP and purchase products with it. Never transferred anything to bank account. Always went through PP systems. So they making money on every transaction. Every time you purchase something with PP debit card and use it as credit card.

The weird part is they didn't limit my account where I can't withdraw or send money. Just to close the account.

I am going to call them to resolve because there link to resolve it is broken. Unreal.

I was doing 4k. Paypal was giving a cash back of 1% on 4k transaction. If I am getting back 1%. They are making at least 4-5% on the transaction. The distributors I use told me if I paid with ACH I would get a 10% discount. Imagine how much PP is making from that transaction if my distributor told me 10% discount ACH transaction.
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Old 10-20-2015
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Default Re: PP New Type of limit.

A credit card processor usually takes less than 3% and if it is brick and mortar store less than 2% and oftentimes less than 1%

If you are talking about international, 4% plus 5% exchange fee. If you do a bank transfer, it eliminates that.

Just to clarify this enormous confusion.
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Default Re: PP New Type of limit.

@yankee,
If you Chargeback they make a nice chunk of change if you complete the transaction they still making money. If you do 4k worth of credit card transactions and let say there cut is 2%. They just made 80$$$ for doing nothing but automating it.

They make money either way.

But do you think at this point I should move on from this account and let it sit there. Thanks
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Old 10-20-2015
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Default Re: PP New Type of limit.

Quote:
Originally Posted by littleredengine07 View Post
@yankee,
If you do 4k worth of credit card transactions and let say there cut is 2%. They just made 80$$$ for doing nothing but automating it.
You are mistake.

Lets say you swipe your card at Walmart, Paypal gets absolutely nothing.

Lets say you swipe on one of my terminals $1000 and I as the merchant pay .79% fee for a total of $7.90 paypal might receive a few cents if they receive anything at all. My processor received $7.90 plus a $0.30 deposit fee.

This is just facts and math. Not at all arguing or debating.
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Old 10-20-2015
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Default Re: PP New Type of limit.

I would call paypal and find out what your options are.
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Default Re: PP New Type of limit.

They have to charge a high fee for distributor I am using because I get the 1%. Also distributor probably gets hit with high fees.

Will give you guys the 411. What great about "****mepal", the LINK DOESNT EVEN WORK for "resolve". I get the message "the link has been broken."

HOW THE HELL DO THEY FUNCTION AS A COMPANY. Whoever is fixing there or maintaining there website is doing hell of job. A mickey mouse job in fact.
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Old 10-20-2015
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Default Re: PP New Type of limit.

Could be homeland security type of flag where they think you are rec/send money...
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