Paypal 21 day hold removed, can I withdraw as much as I want now?

[idds]

Paypal 21 day hold removed, can I withdraw as much as I want now? I had an account limited a while back because I withdrew more than $500 in a 30 day period, and don't want that to happen again.

Am I safe here?

[nimade71]

No. It has nothing to do with the withdraw velocity allowance.

[idds]

How do I know when I can withdraw more?

[SaiJin]

You can withdraw as much as you want. I always emptied the account.

[dachilla]

Never had an issue with withdrawing... but not sure how much $$$ has built up on your account. For me its usually about 100-300 $ and I withdraw all at once without issues.

It goes without saying that I withdraw the cash to my verified bank account and don't send it via paypal to friends and family

[MoneyTalk]

How do I get the 21 day hold removed?

[dachilla]

Originally Posted by MoneyTalk

How do I get the 21 day hold removed?

Seriously? Read your emails.

[slokor]

Originally Posted by MoneyTalk

How do I get the 21 day hold removed?

The minimum requirements to remove the 21 days hold:
1. 90 days from first sale.
2. 25 successful transactions.
3. At least $250 in total sales.

[idds]

Ok but how do I determine what my withdraw velocity allowance and when I can transfer out more funds?

[WEI]

Originally Posted by idds

Ok but how do I determine what my withdraw velocity allowance and when I can transfer out more funds?

there's really no issue with withdrawing, it's the transactions you make that flagged their system for irregularities, unusual transactions on your account. How old is your account btw?

[idds]

Originally Posted by WEI

there's really no issue with withdrawing, it's the transactions you make that flagged their system for irregularities, unusual transactions on your account. How old is your account btw?

This account is approx 9 months old

[aking]

there is no withdrawal allowance, you withdraw as much as you feel comfortable.

[idds]

Originally Posted by aking

there is no withdrawal allowance, you withdraw as much as you feel comfortable.

That is not correct. If you withdraw more than some limit I don't understand you get hit with a pretty heavy request for documents.

If you dont provide them, the account is limited and you have to wait 180 days for your money.

[rsot]

Originally Posted by SaiJin

You can withdraw as much as you want. I always emptied the account.

Joking SaiJin? Emptying a pp account just after a sale is kind of dangerous

[aking]

Originally Posted by idds

That is not correct. If you withdraw more than some limit I don't understand you get hit with a pretty heavy request for documents.

If you dont provide them, the account is limited and you have to wait 180 days for your money.

Oh yea, that's the $20k a year limit then you have to submit tax information. Yea you do have that, but you can still withdrawal as much as you want. You just need to submit some documentation.

[phaz0rz]

I think this is relevant...

Recently I've noticed $1000/month withdrawal limits on accounts of mine which were originally made with prepaid Visa's. I've seen it on at least 2 accounts I made myself. Accounts I made with prepaid Mastercards don't seem to have this limit yet but they are showing up in my wallet as "prepaid" cards. When I click the notice by the withdrawal limit it says one of the ways I can "confirm" my account and remove the withdrawal limitation is to add my debit or credit card. So I think it's safe to say prepaid cards are becoming not-so-good for confirming accounts.

Strangely though accounts made with a prepaid Visa but never "verified" by adding either a real bank or a VBA don't seem to have this limit. Presumably since they don't have any ability to "withdraw".

Before I started noticing this a few weeks ago I'd never seen a withdrawal limitation on any of my accounts. For me, this limit is applied to accounts which are "verified" but which are not properly "confirmed" in PP's eyes.

@idds - Unless you're getting a notification telling you about your $1000/month withdrawal limit, then you're safe to withdraw as much as you want.

[WEI]

Originally Posted by idds

That is not correct. If you withdraw more than some limit I don't understand you get hit with a pretty heavy request for documents.

If you dont provide them, the account is limited and you have to wait 180 days for your money.

Depending on the country, maybe? i have no withdrawal limit on my account. Got atleast $5,000.00 withdrawal in the past months.

[idds]

I'm not saying I have a limit per se.

Once I had an account get a request for documents, and I was told here on this forum it was because I withdrew too much money too fast and that I shouldn't withdraw more than $500 in one month.

[phaz0rz]

That's nonsense IMO. Nobody can run/grow a business with <$500 per month..

Usually when they request documents it's because they doubt the origin of what you're selling.

[idds]

Originally Posted by phaz0rz

That's nonsense IMO. Nobody can run/grow a business with <$500 per month..

Usually when they request documents it's because they doubt the origin of what you're selling.

No, it came right on the heels of 2 larger than normal withdrawals. I came here and posted about it and was told I had triggered the document request.

There didn't ask for any documentation related to products.

[phaz0rz]

Alright, fair enough. Still though I think it's more likely that the larger than usual payment volume triggered the limitation rather than the larger than usual withdrawal. I don't know though. I could understand if your large withdrawals made Paypal nervous based on a high chargeback rate or based on an account being inexperienced if they weren't able to reverse the withdrawal. As we've all recently learned though, Paypal can reverse every withdrawal an account has ever processed (thanks to our middle eastern VPNer for sharing this info).

I say stuff based on my experience. I've never had any problems doing daily $X,XXX withdrawals from my accounts - but they are also established accounts which very slowly built up to their current sales volume.

[idds]

This account is close to a year old, not really sure what to do, there is a bunch of money there I would really like to transfer.