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Withdrawal of money from limited paypal (Very Important Question)
 

Hi

Ok I'm in the biggest trouble anyone can get. My paypal account wich I was using for the last 4 years got limited and later permanently limited due to some other account linked to it! That paypal account balance has a very, very, very big amount in it to say the least...

Now, I got that email from paypal saying that after 6 months the funds will be available for withdrawal.

I want to know EXACTLY what happens after 6 months. A consultant told me that after 6 months, all remaining balance will AUTOMATICALLY be sent to your bank account. If that happens, man I'm in jail for sure, liek no question asked.

Do anyone here ever had a limited account for 6 months and can share with us what exactly happens 6 months after the limitation? Please this is extremely important. I need to be sure I can control how much money is withdrawn and on what range of time.

Thanks

First, calm down...You are NOT "in the biggest trouble anyone can get". There are worse things happening to people, trust me on that.

Why did you leave this much money in paypal at the first place and why would you go to jail if they deposit money after 6 months into your bank account?

Many here had accounts limited for six months and most received their money after that. I think you may request they send you a check instead of direct deposit, but it would be sent to the address on record with paypal, so I hope you have access to it.

Leave the bank account open. Talk to the bank and tell them not to allow any debits or withdrawals except BY YOU. In 6 month, PP will deposit the money to the account.

If you don't have the account anymore and it's too late to save it, PP will send a check payable to the name on the PP account to the address PP has on file.

damnit, i thought i was pretty clear in my first post... you guys didnt get it.

I want to know WHAT HAPPENS after 6 months when your paypal account is limited. Is the option to withdraw money becomes magically available or are they just gonna withdraw all the money in my balance AUTOMATICALLY to my primary bank account?

If that happens, I'm scared it will bring me a lot of problems because its gonna be a too big amount and my bank will start asking questions such as from where the money is coming and they might let the government know and then ill have problem since i havent paid any taxes on these incomes hence why i used to withdraw them bit by bit only when i needed them.

So is there anyone here who had his account limited for 6 months and can tell me what exactly happened on that 180th day of limitation, please?

p.s. there are no problems with my bank and my address on file with paypal, these are all correct.

You should have known before hand that anything over 10K lump sum probaby gets reported anyways. Anyone here who had funds limited for 180 days will tell you the same thing we told you as this IS exactly what happens after 180 days of limitation. PayPal will not give you other options.

You should have thought about this problem before, not after the fact. Because if you did, you could have incoming money spread over several Stealth paypals with "appropriate" checking accounts attached to them and you would not have this worries you have today.

We can't tell you what you want to hear, but we'll tell you the way it is.

By the way, I believe they will give you one of the two options; I don't believe deposit is automatic to checking account, You still need to request withdrowall.. Someone, correct me if I am wrong.

My paypal is not stealth (not even sure what it means). My paypal is 100% legit (name, address, bank, credit card, etc.). I only want to know if I can withdraw the money bit by bit after the 180 days limitation or do I need to withdraw all at once?

They will only let you withdraw all at once, one time withdrawal because this account is "caput" and they don't want to do any more business with you......The bad thing is that all of the info is your real info PayPal has. Stealth means your info would be under completely different details from yours, but you would still be the only person having access to it.

I am sorry, but I have no other answers. If someone else does, they will have to PM you this and it probably would not be anything legal.

could someone please confirm (or hopefully invalidate) this statement, having to withdraw a 6 figures amount all at once, not sure that's a good idea.

It is a one time transfer. Direct deposit to bank account already on file or check payable to name on file sent to address on file.

No taking it bit by bit. No sending part to the bank and part by check.

At the end of the 6 months, they send you notice that the funds are available. You have a window of time to decide. If you do not make a choice, they will automatically attempt to deposit to your bank. If that fails because the bank can't receive it, PP will tell you they are confiscating the money because they suspect fraud. They then report to the authorities.

As Lyda said, we can tell you how it is. But none of us will tell you 'what you want to hear'.

We don't make the rules. We are not customer support. We are friendly people who can explain some of the things that PP prefers to keep secret. Nothing more.

I just can't understand how can anyone let this happen!
Accumulate 6 figures in paypal without a proper plan and than not be able to withdraw this money!?!
I guess paypal rules are still the same weather its $100 or $100,000 in question when it comes to limitations.

The only difference is: I'd rather learn my lesson on $100 mistake than on $100,000.

Maybe the 6 figures has a decimal after the first 4 but before the last 2? XXXX.XX

But, yeah. I agree. It sure is a curious conundrum.

I'd like to know how it turns out, but I wouldn't be rude enough to ask.

$100,000?! Wtf?

hmmmmmm i always take it out all at once but on my original account i had money market enabled so after i took it all out paypal deposited like 42 cents or whatever the interest was from the money market a week after my withdrawal. now i get this email at least twice a week telling me i have funds "available" but they wont let me withdraw less than a dollar so i cant withdraw it lol. the emails are like a kick in the face reminder its really annoying!

this is what it says:

Your PayPal funds are now eligible for withdrawal.

You may transfer the funds directly to your bank account via online bank transfer or you may request a check from PayPal. Please let us know how you would like to receive the funds by logging in to your account.
As a reminder, access to your account will remain limited.

While access to your account is limited, you may:
* place logos into your auction listings or on your website
* update your account information
* withdraw funds from your account

You may not:
* send or request money
* receive payments
* add funds to your account
* close your account

Thank you for using PayPal.

Sincerely,
The PayPal Team

so ive never made two separate withdrawals but i dont know why you couldnt. ive never seen anything that explicitly said it was a one time withdrawal. ive also never had them transfer the funds automatically i always had to login to the paypal account and do a withdrawal manually. ive withdrawn around $11,000, $2,500, and $1,200 on the 3 or so accounts that have made it 180 days. i dont have as much experience in this as the other guys, but thats whats happened to me. im also in the u.s.

you are lucky that this email has come to you. A transfer will be sent to the bank account on record.

By 'consultant', you mean paypal? I read the other replies. You say this is a legitimate account so if you have concerns, get legal advice. 'EXACTLY' does not apply to paypal. Every account is treated differently. Every account has different reasons for limitation. Provided paypal is prepared to release the funds, provided you have ACCESS to obtain them, then more than likely it will happen.

Answer in the paragraph above covers this. The release of funds is normally the full amount been held for the last 180 days. Once it is in your bank account, then you 'touch' the funds as you want.

In other posts, you seems to be most anxious. Contact your bank: get legal advice. Be aware that nothing is the same for any account user. All our answers are given on the basis of our own dealings. I have to say again, if the funds are to be released as you indicated, it will likely happen. IF you have concerns get professional advice. :peace:

Perhaps your account mentioned below is limited due to missing info but NOT under the 180 Dear John principle. If the account is not 180'd, it's simply limited and subject to different policy than 180'd acct.

180'd acct is gone for good, can't be recovered, and they want it GONE. 1 transaction and no more.

Hey thanks for sharing your experience, but I find the above absurd. It seems that after 180 days the account becomes in a complete different status. How come you cant receive any money? I mean I keep on receiving money on my limited account, will that mean that in 180 days, i wont be able anymore? And is it really in paypal best interest to just stop me from receiving any further funds lol? (For those wondering these funds are being received for digital goods).

On the same line, do you really thing they want it gone if it still received funds to it?

If you receive notice from PP that your funds are frozen for 180 days then will become available, you are done. They hate you and want you to stop breathing. They don't want any of your business anymore.

For all future funds to be received, eather choose another method of payment to you or open a new Stealth Paypal if you must use paypal. What's the point of keeping receiving funds in blocked account?

6 figures left to accumulate in a pay pal account?

please dont tell me that 6 figures came in a short period of time.

what were you selling, crack cocaine?

to be serious, ask for a check instead, at least you can hold the damned check until you can figure out a way to perhaps deposit that in an appropiate money market, CD, IRA, etc.

follow?

basically you will use that check to start a new appropiate bank account. for another example, AN INVESTMENT ACCOUNT!!

depo that check in scottrade, ameritrade, etc?

see?

dont sweat so much, there are ways around what you are worrying about, just dont have them ETRANSFER it to your bank account on record with them

.. again, choose the check, then weigh your MANY OPTIONS!!

GOOD LUCK man...

oh and btw, if what you were selling was illegal, for that kind of money, i can assure you the authorities already know about it, not to have to worry, but lets be real ay?

For the poster above me: What I am selling is not illegal and eventhough it was it would be really hard to figure it out because on paypal, people are paying for "your order # XXX", so you've got no info on the product people are buying. Also Im selling on my website, nothing related to ebay there. Only problem is that everything is digital, so Im extremely vulnerable to chargebacks and dispute (I refund them all, I have no choice anyway). And it took me almost 3 years to get that much, so no its not a short period.

---

Ok i contacted them for the fifth time now and finally they accepted to release my funds after 45 days, would that still mean that i need to withdraw all at once (except for the $5,000 reserve)?

Also what is the best way to go to open a new account and restart my business? If i change my ip, delete my cookies/cache and start a brand new one under my mom name/bank/cc, would that be enough for them not to link the account?

If you are using your moms information, she must have a different address and phone number. Also, you will need to delete flash cookies as well as cookies. I suggest getting the ebay stealth guide if you want step-by-step instructions on how to do it or go and read the information on the forum.

If the limitation was for 180 days, the account is FINISHED, dead, unusable. There should be no $5000 reserve on this account. A reserve may apply only to working paypal accounts.

Start again on ebay but learn more about how to do it.:ranger:

OMG, to me it looks like you may be under age and that's why you did not withdraw the money out for 3 years? I'd be more worried what your mom is going to do to you once she finds out. 180 day and 45 day limitations is not the same thing... so which one is it?

You guys dont get it, am I so unclear? I reckon that english is my third language but still...

1. Im not underage at all
2. I never said I was using my moms info, I just asked if I should take my moms info to do a new paypal account
3. I got the ebay stealth guide and Im reading it right now, just realized that using my moms info wont change anything... but still wondering if I voluntarily change some letters and number in the address and postal code would paypal still be able to link the accounts?
4. There is a 5000$ reserve since 6 months now, it didnt get lifted after my account went in permanent limitation, Im not even sure when its gonna be lifted. On the email I received with the reserve notification, it said that i need to close my account to be able to use my reserve, but how am i suppose to close it if its limited lol? I dont suspect anyone to answer that question because clearly no one has any reserve on his paypal here since you need a big balance for that to appear.
5. Yes the limitation is for 180 days, but after talking to paypal, the paypal employee told me that she'll leave a note on my account and that if i call back in 45 days, paypal should let me withdraw my money before the 180 days marks since I have no open issues, I have a huge balance and already a reserve amount.
6. My account has nothing to do with ebay whatsoever, all money was made off-ebay.
7. The reason why I didnt withdraw my money quickly is because most of it was made during the last year and all of it is in USD. As you may know, the USD is very bad right now and CAD is strong. Not a good idea to trade, this is why I was waiting for the USD to go stronger, but I'm realizing that I shouldn't...

My apology for not getting it.

Have a nice day.

7 posts to get a clear definition and you think we have problems. ffs, this should have been your first post.
Reserves are new I agree. I agree 'we' might not make a comment about their being held as most here that have reserves don't have the same account limited.
Very new territory.
Right at 05:33am GMT (UK time) I think that monies held in reserve on a permanently limited account will be included in the total release amount. I know you said you have spoken to paypal. My recommendation is call back, eith speak to that last consultant or get a supervisot . Ask them what is happening with this reserve figure...

i recommend you buy the ebay stealth guide for 37 bucks..

no clue what you mean about " 5000 reserve"

they will not allow you to take a little a time..
once an account is permanently limited, then after the time they say you can withdraw money, its the whole thing,

therefore as i stated before, choose a check, and use that check to fund an investment account like scottrade, etrade, make a few trades in and out then take out the money from there a little at a time..

now, if what you were selling is 100 percent legal, my best advice is try to appeal to pay pal to reinstate your account...

if you do not mind proving to them it was all legit, then PROVE IT TO THEM!!

Aside from the information we have already conveyed, and the suggestion to get the stealth book, I have a strong suspicion that this person lacks the capacity for comprehending anything else we might contribute and also lacks the courtesy to appreciate the effort we've made.

My response to the statement below: Yes, we get it. Yes you are so unclear. And you are rude.

Have a nice day.

Not sure how things are in Canada but in the US if you deposit any amount over $10,000 USD the bank is legally obligated to report it to the IRS. Same goes for investing the money in a trading account.

As long as you declare it on your taxes you should be fine depositing a large check. However, I would keep sales receipt records of the money just in case you get audited. If we're really talking about a six figure number that will definitely get some attention IMO.

Also, I know a Nigerian prince that can probably help you out. LMK if you want me to hook you guys up.

On one of the accounts that I started before I became "Stealth" aware, for no reason (other than they were able to link it readily to my other accounts) they threw me off of ebay/paypal and limited the account for 180 days. Whatever letter they sent to the buyers inspired them to scam me and put in fatuous claims for non delivery (tracking via usps shows it was delivered and with signature confirmation); claims that they "sent it back" for a full refund for which I got an empty envelope and various other petty ante claims. The end result was that the $600 I had in the account (because of holding for 21 days or feedback) has slowly eroded to about $40. I tried calling paypal and telling them about this injustice (including using their OWN ONLINE TRACKING) and I was told (to paraphrase)....TOUGH LUCK.

I tried everything, but the account is permanently limited, and it seems you can't reverse that :(

I think that only applies to cash and not check, correct me if I'm wrong.

In a reply to you I recommended that you take legal advise on this matter. It is beyond the duty of the forum to tell you financial facts. This extract below is from the pertinent law in Canada. It defines 'money'

"funds" means cash, currency or securities, or negotiable instruments or other financial instruments, in any form, that indicate a person's or an entity's title or interest in them. (fonds)

Given the seriousness of your situation, & despite the fact I should as Admin be more impartial, I feel you are being selective in taking advise & giving info. We may be at the end of answers unless you can prove otherwise. :peace:

yo, in your ebay stealth guide, you say that if I have a dsl connection with dynamic ip (which I do), i should take note of all the IPs im using not to use them twice on 2 different paypal account so they dont get linked... but I mean if my ip is dynamic and changes almost every hour, there is a big chance that ive used a wide range of IPs from my isp on that limited paypal account of mine... what happens if i log in now on my stealth paypal account with the same ip ive logged on my limited paypal lets say 5 months ago... how would I know? will the accounts get linked together?... And what happens if another random person whos also having the same isp, happens to log in his paypal account with the same ip i logged on my limited paypal account lets say a week ago, will he get limited as well :confused:

I had an acct limited permanently with appeal denied about 1 year ago. 6 months later I did multiple withdrawals no problems. I don't think you can make just 1 withdrawal, but once the balance is 0.00 the account will be locked forever.

I'm surprised to read this from somebody with over 1,100 posts in this forum. You're able to withdraw as much or as little as you want, as many times as you want, until the balance is all withdrawn. There's no "1 transfer" limit.

I've had about $1000 in a permanently limited account and withdrawn it in 5 transfers of $200 each. Another account had $100 which I withdrew in 2 transfers of $50 each.

Only when the balance hits $0, your account will be locked for good.

This is interesting. You are the second person I have seen that made the same statement. That statement is in direct contradiction to what I had known to be true. There must be an explanation.

Just over one year ago, I personally assisted somebody in person with the transfer of their 180 day money. The full balance removal was required. The choice was BANK or CHECK. The amount was not optional. The user was geographically in the United States and logged into the U.S. Paypal site cleaning out a U.S. registered Paypal account which was not limited, but severed.

When you say permanently limited, I have no idea what you mean. I have seen limits that can be fixed. And I have seen the permanent 180 day goodbye. The goodbye has never been called a permanent limit, to my knowledge. Is there such a thing as a permanent limit? Are there now 3 possible statuses for PP accts? Limited/PermLimited/180GTFO?

So, what are the true circumstances? Has something changed? Does the 1 time withdrawal apply in one geographic region but not another? Is a permanent limitation NOT the same as the 180 day GTFO?

^^^When did this happen, in the past 3 months or before that? You've hardly been on the forum so can you be sure your comment is accurate? :peace:

My comment is addressed to imjustme. I am also interested to know which country's paypal is being used.

Wow thanks imjustme and j08 for your experience, but as powerpufgrl asked, when did this happen?
I really feel better now. Imo you have to withdraw all at once if you choose a check but I dont see any point preventing someone to withdraw the amount bit by bit to different banking accounts and I just figured out yesterday I could also use my ing direct account to withdraw, so that makes everything even better.
Please if someone else have experience with 180 days limited account, please share it here.

For powerpufgrl, here is the paypal email with the permanent limitation

My accounts were completely toast. The standard 180 days email, remove our logos from your website and auctions, you're too much risk to do business and we'd like to start parting ways with you. One account even had 'appeal denied'. All accounts let me do at least 2 withdrawals, one account even 5 withdrawals. I'm sure I could have made more if I wanted. After the balance hit $0, I couldn't login anymore, it just showed (and still does, as of 1 minute ago) a yellow box with an error message saying the account is permanently closed. That happened exactly as I withdrew the balance down to $0.

I checked and on one account this happened on May 2008, the other in June 2009. I have another 2 that I can't remember the passwords to anymore, but they were also around December 2008. The withdrawal dates after the 180 days were up, that is.

You guys that are saying you have to withdraw all or nothing, does PayPal give you a choice to enter the amount you want to withdraw? Or not? It did for me, so I entered $200 or $50 and it worked until it was all gone.