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-   -   paypal plus ccnow cash out method (https://www.aspkin.com/forums/payment-gateways/18292-paypal-plus-ccnow-cash-out-method.html)

xavier1990 05-04-2010 10:32 AM

paypal plus ccnow cash out method
 
siutation: I have several unverified paypal(UPP) account with at least $1000 each and a verified paypal account(VPP)

task: want to cash out all the money in UPP to the VPP account

concern: the UPP account may get limited if a large amount is sent within a short period of time and all the previous payment will be frozen too

and then i come up a idea
1. set up ccnow account.
2. Use UPP account to make self purchase from ccnow
3. set the payment account of ccnow to be the VPP.

will it raise alarm in the UPP account if i make several $200 transaction?
what happens if the UPP account gets frozed. will the previous payment by that UPP account to ccnow account be freezed as well?
anyone ever try this method? does it work so far?

alphaversa 05-13-2010 12:02 AM

I'm also interested in knowing this. If everything is in a stealth name and you can provide some BS tracking information on ccnow I'm not sure why there would be a problem? Ccnow is a lot more lenient than Paypal.

Imback2010 05-13-2010 02:08 AM

hey,

Just remember you have to wait 45 days for your first transaction if you do the transaction the same day you open up a ccnow

i was told by someone on the forum that if you dont complete any transactions and wait the 45 days then your good their wont be any 45 day holds because you already waited...

I'm in progress of trying this method..and i'm on like day 30 so im just waiting for the 45 or 46th day to send over a payment.


But i'd like to ask you a question about the merchandise you are selling....is it vero??

pod 05-17-2010 04:27 PM

Quote:

Originally Posted by rcolon85 (Post 138249)


i was told by someone on the forum that if you dont complete any transactions and wait the 45 days then your good their wont be any 45 day holds because you already waited...

Can anyone confirm this? I was sure it was from 1st sale. So if you waited 45 days to do a sale you would end up waiting 90 because it starts from sale...

If someone can confirm if an inactive account can just sit 45 days and you are good to go that would be great

Thanks!

doughboykilla 05-17-2010 09:22 PM

its 45 days then on top of that u have ti wait till the payout happens which happens 2 times a month 1st and 15th of each month then it takes 7 days after that to get into your bank so it could take more then 45 days yes. cashing out paypal through ccnow is no easy task cause if ccnow finds out they wont approve the payment.

pod 05-17-2010 09:39 PM

ya, they are not great. I've used them before. I wasn't thinking about using to withdraw from paypal. Just want a back up processor on hand for website. Always good to have a plan B... learned that one the hard way before!

once the ball is rolling every two weeks is not too bad for a backup. But for some reason I thought it was 45 days from 1st order. But interested if I can just let it sit until needed...

zhuwh 05-17-2010 10:18 PM

Does this thing can be soluted by asking the online costomer of Paypal.If cant.try this:
withdrawl money from the paypay of you acount
desposit the withdrwing money to you vPP account.

Imback2010 05-18-2010 12:13 AM

Quote:

Originally Posted by pod (Post 139096)
ya, they are not great. I've used them before. I wasn't thinking about using to withdraw from paypal. Just want a back up processor on hand for website. Always good to have a plan B... learned that one the hard way before!

once the ball is rolling every two weeks is not too bad for a backup. But for some reason I thought it was 45 days from 1st order. But interested if I can just let it sit until needed...



No,

All you have to do it wait 45 days

if you sent a payment through or not--- 45 days from the day you sign up not 90.


lets say you open up a ccnow account today, 45 days from now you will be able to get paid 2 weeks after those 45 have passed. Whether you sent a payment though today or not....


I read That information on this forum from a person with a outstanding rep but i still havent tried it.... i havent sent a payment through because on the 3rd of june i will hit 45 days...i opened up my ccnow account in mid april...No matter what i'm going to find out and ill post back here

Imback2010 05-18-2010 12:20 AM

Quote:

Originally Posted by zhuwh (Post 139102)
Does this thing can be soluted by asking the online costomer of Paypal.If cant.try this:
withdrawl money from the paypay of you acount
desposit the withdrwing money to you vPP account.


I dont get What you are saying?


Do you mean can the paypal customer pay you through ccnow

pod 05-19-2010 02:46 PM

Quote:

Originally Posted by rcolon85 (Post 139109)
No,

All you have to do it wait 45 days

Good to know.

I will be a few weeks behind you on the 45 days, but keep us posted.

Thanks!
Cheers

imhim 05-20-2010 11:15 AM

CCNOW had told me in an e-mail they hold funds for, i think 30 days...

is this mandatory? is there anyway to make this short or provide verification so this lift can be removed?

Imback2010 05-21-2010 12:38 AM

No there is not.. you might as well get the process started today it will be worth it

OfficialGenius 05-21-2010 02:05 AM

Quote:

Originally Posted by imhim (Post 139654)
CCNOW had told me in an e-mail they hold funds for, i think 30 days...

is this mandatory? is there anyway to make this short or provide verification so this lift can be removed?

I believe that happens during your FIRST transaction only.

imhim 05-21-2010 02:51 AM

can I sign up with CCNOW... leave the account for 30 days... then start receiving payments?

Or for the hold to be removed, I need to receive at least 1 payment, it gets blocked, I wait 30 days, then it gets taken off...?

Imback2010 05-22-2010 12:24 AM

if you sign up today..... with or without a payment you have to wait 45 days...

someone confirmed it on this forum...but im on day 34 without a transaction...so we will see for sure if this is true....i will send a payment after day 45

i will post back here

the best thing to do is just sign up for one and find out for yourself....

imhim 05-22-2010 04:45 AM

do CCNOW do any deposits to your card or bank account?

Cant see that feature

pod 06-15-2010 09:07 PM

Quote:

Originally Posted by Imback2010 (Post 139961)

..... with or without a payment you have to wait 45 days...
im on day 34 without a transaction...so we will see for sure if this is true....i will send a payment after day 45

Any follow up on this? You should be a couple weeks over the 45 give or take
Thanks

Skys The Limit 06-22-2010 09:36 PM

I`m already done my first transauction so I can do this

pod 06-22-2010 09:41 PM

So you did a transaction and waited the 45 days for it?

slapped 06-23-2010 12:30 AM

Quote:

Originally Posted by xavier1990 (Post 136620)
siutation: I have several unverified paypal(UPP) account with at least $1000 each and a verified paypal account(VPP)

task: want to cash out all the money in UPP to the VPP account

concern: the UPP account may get limited if a large amount is sent within a short period of time and all the previous payment will be frozen too

and then i come up a idea
1. set up ccnow account.
2. Use UPP account to make self purchase from ccnow
3. set the payment account of ccnow to be the VPP.

will it raise alarm in the UPP account if i make several $200 transaction?
what happens if the UPP account gets frozed. will the previous payment by that UPP account to ccnow account be freezed as well?
anyone ever try this method? does it work so far?


A Paypal Limitation is triggered by a Certain amount of Money LEAVING The Account Within a Certain Time frame. In other words IT DOES NOT MATTER How the money leaves the account, wether you spend it or transfer it to your bank account, or take it out in Cash thru your Paypal Debit card. The Account will get Limited anyway--so to awnser the question--NO

And Yes it has been tried MANY Times Before EXACTLY as you desribed and in MANY other Combinations--ALL FAILED

Skys The Limit 06-23-2010 03:43 PM

Quote:

Originally Posted by pod (Post 146730)
So you did a transaction and waited the 45 days for it?

Yes no issuses

pod 06-23-2010 03:45 PM

Ok, thanks. I'm still looking for confirmation you can just let account sit unused for 45 days and still get paid within the two week cycles. I'm a week away from 45 now.


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