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PP is not a bank though...you have NO RIGHTS!

From 2004 PayPal had been registered in the UK as PayPal (Europe) Ltd, an entity which was licensed as an Electronic Money Issuer with the UK's Financial Services Authority (FSA). This ceased in 2007, when the company moved to Luxembourg.

In Europe, PayPal is registered as a bank in Luxembourg under the legal name PayPal (Europe) Sàrl et Cie SCA, a company regulated centrally by the Luxembourg bank authority, the Commission de Surveillance du Secteur Financier (CSSF)
All of the company's European accounts were transferred to the PayPal's bank in Luxembourg on July 2, 2007.

Which bank in Luxembourg? Prob make some accounts with that bank.

Successful! Money withdrawn from 2 suspended accounts
 

I received the letter from the crooks at paypal that its okay to withdraw earlier this week and I added an old bank card I had laying around and withdrew $900.
I had another account at about 170 days and I called paypal and they sent me an email that its ok to withdraw. I withdrew $700 from that account.
2 suspended accounts all money is in my hands after the long 180 day wait. I just wanted to keep you guys updated.
p.s. they removed bank accounts associated so I just added a bank card and removed to the card if you know what I mean.
remember to not go over $500 a day withdraw in 24 hour period if you withdraw to a card. if you withdraw to a bank you can withdraw all of it with no issues.

How you can withdraw earlier? When I called Paypal and try ask them release funds one week earlier, they told me it`s not possible. How you speak with them? :shocked::bounce:

Well, the days count from the day the account got limited, not from the 180 days email.

Plus I bet they have a risk factor depending on account activity refunds and charge-backs.

Also different countries..... we deal with paypal EU, not USA

I had an account which got limited but i was still able to receive money in it, so I build up around 5k within 3 weeks while i was on holiday and left it untouched for another month.

then I called paypal and said i want it closed.....they send me the 180 days email, but starting from 1 month and 3 weeks earlier.

4 months and a week later, i withdrew all the money!!

which make me think.....If I kept using that account for 5 months, I could theoretically call them, get the 180 day email.....and withdraw the following month.

Problem is I cannot leave 30k in paypal's hands just like that....

Anyway my new accounts run ok for nearly 6 months now.... so will see how it goes

PayPal (Europe) Sàrl et Cie SCA
it is not a high-street bank so you cannot open an account.....not yet anyway.

However it is a registered bank, and regulated in EU.
I guess our money are a little more secure in a bank, than just a money transmitter.....

do you think if PayPal were regulated by UK laws for instance they would have to up their game?
It seems like Luxembourg seems to be a safe haven for them to operate how they like.

Be nice to them and hopefully you get a nice person on the phone.
Call back until you get someone willing to help. They only have a few people answering the phones for suspended accounts. They should have more but they dont have a lot of them dealing with these suspended accounts. write down names of who you talk to and pay attention to who is the nicer person.

me too
 

wow Burning, sounds like i have this to look forward to. I also got the boot last week out of the clear blue, got some new product to sell and sold about $3000 in one week, which threw up a red flag...So they cut me off, but i am ready to read the STEALTH book and get back up and running on another account. They will hold my money but I understand they also have to give me interest on that money...Need to check into that..Take care and hope for the best in your new accounts, which i know you will be getting

man i wish i found this forum before i went all out thinking i was gonna make huge bucks only to get slapped with limitations. i have a bunch of questions, but like paypal, it seems nobody will answer my questions. so i will try just one.

i was told i needed to supply all those documents. one of which was an invoice "proving" i owned the items i was selling. so do i do this? i am mailing the remaining items out i need to send today, so once the people receive the items, obviously i had the items. will they just remove this particular request. the reason for my concern is the items were bought in china, so would they ban me for buying in china? man i hate peypal and ebay

what type of limitation is it?
 

what limitation did they hit you with?
normally, I do not send out anymore items and I sell the items elsewhere but it depends on you. you have to know how to manage that.

you can use any receipts. all they do is have someone look at it and make a decision if its goo enough or not. its hit or miss. They could tell you its fine or they could tell you we dont want to do business with you anymore and we will hold your money for 180 days. You never know.

i need to send them bank info, ss#, address and receipts for purchase. i didnt get the first 3 since i had already done that before to become verified. but from what i can gather, sending them receipts from purchases in china, even though the products are fine to sell isnt gonna get me anywhere. i already decided to refund everyone their money and keep the product to resell under my upcoming stealth account.

what really sucks is that paypal is not just hurting the sellers, they are hurting the buyers. i feel bad some of these people wont be getting the product they paid for. they bid on it, won it, paid for it, and are now waiting for it. only now, a week later i send them a note saying i am sorry, but because this system is a joke i will not be sending the item they wanted and will be refunding them for their purchase.

at least they are getting all the money they spent, but it still sucks for them

Interested to know how long you have between being asked for verficiation and your account and it being limited.

For example if they want ur ID to verify u, and you don't send it - while this is happeneing you can still use your account and have money put into it.

Is this an idefinite thing? Or do you have to provide your ID by a certain time before they simply put the 180 day limit on u automatically if no ID is forthcoming?

I would like to know that as well
:pop2:

The moment the account becomes limited the 180 days countdown starts regardless of whether you supply them with ID or not - If you choose not to get creative and give them ID send them an email letting them know your not prepared to send in documents just to make sure the 180 day countdown begins.

After 90 days I would reccomend sending paypal and email asking for your money sooner - from my experience they often do this if their has been no chargebacks on payments, and everyone has received their orders. However doesnt work 100% of the time but worth a go to get your money sooner.

I believe if you try and carry on selling on the paypal account the money will stay limited in the account so I wouldnt try to keep on selling once they've asked for your ID details.

thanks for repsonding,

Sorry but maybe i misused teminology. Or maybe i misunderstand.

There is a point in Au after you earn $1000 paypal want ID etc.

You cannot withdrawl money but buyers can still pay you.

The acccount has not been fully limited.

What I am saying is that if I don't send in this info they ask for, I can still operate my ebay account as money is still coming into paypal - it is just that i cannot get to it.

How long before paypal say enough is enough you havent sent in the info we are limiting you and then stop payment coming thru and then the 180 days begin?

To me that in between period is just as good as having an active accoiunt - I am still selling product, money is coming in and in the meantime I can start up another stealth account so I have a smooth transition in case they refuse my documents when I finally send them in at the last possible moment (if there actually exisits such a point?)

I tried to get away with this too, just ignored them. After a couple of weeks I lost the ability to list anything for sale until the problems with the paypal account had been resolved. This is still the case after 4 weeks on this particular account and as of yet, no mention of 180 limit.

However, as Imakemoney said, 180 days starts from when the account was limited - or at least it was in my case last year - should have bought the stealth guide then but I though I knew best until ............ they did it again with all of my other accounts :doh:

You cant touch an added bank account once you're limited anyway!!
So that makes no sense.. Just sayin

You CANNOT CLOSE a Bank account from your Paypal account,,,You can ONLY Close it thru the Bank,,,The account can also Close if it is Inactive for too Long,,,

Does my Previous Post make More Sense Now,,,

Hi guys, a little help here please..

My 180 days are up on one of my accounts and I have received the email to withdraw. However I had earlier removed the bank account. (mistake).

This paypal by the way has a stealth name and address.

Anyway I tried putting the same account back in, but its been blacklisted according the the message I received.

It then goes on to say, I can add the blacklisted account, but I'll have to fax my bank statement and driving license.
or
I can add a different account. However all my other accounts have my real details and are tied to other working paypals and ebays.

(dont think i can do a secure trust with stealth details)


what can I possibly do now guys ...?

Open a new account(savings) at one of your banks, then link it to that paypal account. (All they see is the account number, not your name).

Withdrawal your money and then either close that account afterwards or make a note not to use that account with another PP.

Either that or you will need to give them what they want - Bank Statement and DL

thanks, but how about the address?

All my bank accounts have my real one, but paypal has the stealth. There seems to be an option add the real address to paypal as an extra address, but then that could link them to my other accounts.

Paypal does not know what the name or address on your bank accounts are. Just account number and routing number.

That being said, it does need to be one of the banks mentioned that will take a deposit from a different name, though a lot of them will.

Fascinating insights!!
 

Hi 'Burning"-interesting piece of info-i wonder if it applies to us OZZIES? If anybody knows-just shout out-

i don't see a reason why not-but unlike the US EB&PP just have 'financial services license's'(2 trade in OZ)- so it might be different-just like u i have nearly the same amount waiting till the 9th of December(nice xmas pressie).

I learnt s/thing very valuable just in the last week-when they ask for the 1st set of PP limited doc's reply rapidly-i didn't and they then asked for the dreaded photo id-account burned-total=$200-if i had responded in a timely manner-they would have accepted it and i would be ok-so learn that being expeditious is preferable 2 'laisse fairre'-we OZZIE'S are often referred to by this latin phrase meaning 'she'll b right mate-do it whenever'-which is what we r famous for. Thanks 4 sharing yr insights the book is awesome and the forum picks up where the book leaves off-personal experience-kudo's dude-OZZIE DUDE-:amen::clap::clap:

Ozzie_Dude, have you noticed that no one posts in text speak like you do?

Take into account there are non-english speaking users here . That post is too hard too read for most here. Cobber.:rolleyes:

That's right!!! I feel a bit dizzy after reading it.....

Thats Good You Got Your Money..:pop2:

Hmmmm, generally I refund my buyers and I will just move onto the next account, or maybe different website to sell the remaining items. Sadly this week I had my first limitation actually occur after I shipped my items. So now I have $1400 in one account and $400 in another. Normally i wouldnt mind waiting 180 days, but Ive been in a tight situation financially.
So I actually wondered, do I keep my bank accounts open for 6mnths, pay the bank fees (as they are ONLYused for paypal) or do I close the bank accounts then attempt to add new bank accounts later. My paypal limitations say I can receive funds and say I can add a bank account. But I never trust paypal.

A little tip that has worked for me, and this will depend on everyones situation. After some of my buyers received their item, or I had provided them tracking information I asked my buyers if I refunded them would they send me the money through wire transfer or western union. I offered my buyers that I would pay the fees, as its really the same as paying paypal and I wanted a large percentage of money now rather then waiting 180 days.
Anyways I was successful in getting 3 out of 6 buyers so far to send me money directly to my bank acccount. So at least I got some of my cash. I was worried doing this, but didnt have any other options for fast money and it seemed to work. So maybe it will work for some other people.

I have about $100k locked in ppal account. I'm looking for legal actions against them, or at least get an exact answer why they closed the account. Anyone have similar problems or wants to hear news on the action, let me know.

I don't think you are the first or the last one with this problem with such amount.
$100K is a large amount of money to keep in paypal, so it is partly your mistake....what were you thinking? :nono:

I don't usually leave more than 5-6K per paypal account.
I don't currently mind having to wait 6 months for 5k or even 10k but 100k is a different story!

As the old saying goes.....don't keep all your eggs in one basket.... :boom:



:welcome; to the club.....
Go stealth....its fairly easy when you get used to it, and it works.

Happy to report that all my accounts (around 20 now) still go strong.
I have not had a limitation for over a year, and I will soon open even more accounts...

This may work for small volume sales, and it is very risky as you rely on honest buyers. Once you refund, you have no way of retrieving the money if the buyer disappears.

I'd rather borrow the money from my sister or the bank if I have to, and wait the 6 months. Cheaper and safer :pop2:

We have high volume of money coming in. About 100k per month and I was wondering would stealth be enough to sustain the account in good standing?
my current account that's limited really had no other issue. From what I hear, they just lock accounts with high amt of $ going out of paypal.

20 is around my number too its good number to stick with. I live by one saying

One goes down ...make 3. If you make 3 accounts for everyone that goes down you'll be fine when some go down and thy always do

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100k is gonna need a ein. Or ssn

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$100k will work as good as a $20k or a $50k account.
The best thing to do is open more than one stealth and spread the money between them. :juggle:

We all know there are ways around SSN (Canada???) or EU (not UK) country with US account is also possible if you do it right :spy:
As for EIN, can u not have 3 companies?

Do you sell on ebay or on your own website? If you have your own website it is possible to spread the payments to as many PP accounts as you want very easy without PP tracing you doing so. :ninja:

Also open alternative sites accepting Google checkout, Alertpay, Moneybookers,or any other reliable processor.

Start semi-slow carefully with your PP accounts and be ready with the documents.. basically behave normal! :pop2:

Yea your right, it wont work in every situation. But as of today I received all of my $1400 and paypals 21 day hold was till October 18th. So I actually got my money alot faster.

I just was extra polite too all my buyers, told them straight up what happened and pretty much EVERYONE understood. They understood because they all pretty much been in the same situation or knew some one who has.
This technique isnt really gonna work for someone with a website or 100k in their account, but for a small / medium ebay seller it worked fine.

Thanks for the tip! :)




...

Hi, I've been suspended with paypal and had to wait 180 days to withdraw my money.Now the 180 days passed and when I went to withdraw them they didn't give me all the money they still kept money in my account.They charge me fees for withdrawing my money. Please can anyone tell me how I can withdraw the rest of my money without them charging any fees.