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Shedding Light: Paypal Money Released After 180 Days
 

Well, as some of you forum members know or remember, my paypal account was limited and paypal gave me the boot along time ago in December. I had to wait 180 days to get my money but it was technically my fault due to errors in documentation. :doh:

I finally logged in to the limited account after 180 days, and I was able to add a NEW bank account. I used the NEW bank account which I had added and I withdrew all my money I had on it. There was about $2500 is cash in that account and finally after waiting for so long, it's now in my hands. I will have to wait a couple of days until the money reaches my bank but I don't think there will be a problem, unless paypal pulls one of there nasty moves.

It HAS been confirmed with ME and a couple of forum member that you able to ADD a NEW bank account after 180 days. Now, this has now been confirmed by ME and I am sure that this will work with other forum members as well. I did NOT have to call them in order to ADD a new bank account nor get my money out of my account.

Maybe Paypal CANADA rules are different as compared to other countries such as the USA.

NOTE: Paypal also gives the option to review your account after 90 or 60 days of limitation (not sure if it is 60 or 90 days). You have to TALK to the supervisor in order for them to DO SO. I had the option to get my account reviewed after talking to paypal for more than 25 minutes but I did NOT bother as I did not want to scrutinize my account.

Next time PLEASE do not make the same mistake as I did. DO NOT run more than $800-$900 of volume per month. Do NOT attempt to withdraw more than $500 to your bank account at one attempt. There are many other tips in which you can find on this forum on how to prevent a limitation. If you follow all these steps, you will likely avoid limitation of your paypal account.

Duly noted and well done /cheers

Hope you got something nice set up for the cash...spending or investing-wise

Thanks for your nice comment. I have withdrawn over $2500 to my RBC US funding account. I suggest ALL Canadians open up a USA funding account from RBC in order to avoid paypal's 2% conversion feeeee!

All my business is done in USD!

Thanks for the update Burning, :)

very nice to hear.
I've had multiple accounts be limited for 180 days and was able to also add a NEW bank account to it to withdraw the funds..

thanks for the great news
Several of my accounts got limited with thousands of $ in them :-(

Did you receive the email from Paypal that said they gonna hold your money for 180 days? Or just wait 180 days after got limited?
Thanks!

With the exchange rate being what it is, unless you need the cash badly and can handle Paypal's ABYSMAL exchange rate, RBC US account works for Canadians.

Unfortunately, I have a bone to pick with RBC so I just don't like doing business with them. Come on you other Canadian banks with my many accounts - get it together US-wise ha!

On side note, I still have a Paypal account that is limited but receiving payments - I don't have the necessary ID ha =(

Ah well - amount keeps growing...

Ye..I'm not giving paypal any more money for the conversion, I have an RBC US account. I have a bank account with RBC and a credit card from CITI bank.

You have to WAIT until you get an EMAIL from paypal telling you they are NOT going to be doing business with you and they will STATE that they will hold all funds for 180 days.

So you mean the it starts counting for 180days just right after Paypal sent you this email? But I have an account limited 2 month ago, still haven't got any email. I called them, but they said I will be able to withdraw 180 days after my account got limited. Is it another big lie from them? S**T paypal

I'm not sure. I sent them all the documentation but they had advised me that that are no longer going to be doing business with me.

PayPal decided not to do business with me too
 

After being with paypal for over 10 years they have decided to part ways with my company because we process tooooo much money. They are currently holding $127,000! You read that correctly One hundred and Twenty Seven Thousand dollars. Trying to get answers is worthless. Our account had an impeccable record, but none of this seems to matter to them or ebay. I have had several accounts on ebay and our record there is great as well. I'm not sure what is going on at paypal. I've tried to escalate my concerns up the chain of command without a response from anybody. All I can talk to is my account rep and twice I've had conference calls with paypal risk department. I cannot talk about what is being done by my legal council, but I can ensure you that I will not go down without a fight. By way of google I can see this is an epidemic problem that I'm not the only one scratching my head asking "why is to much business bad?" Long term we will probably learn about internal issues within the paypal/ebay system that have lead them to make these decisions.

I feel bad about complaining about my 1k

Atomichg, once this is all ironed out for you and settled....please, if you can, keep us informed about this travesty.

Holy crap! I assume that's for a short period of sales and you don't just leave all your cash in PayPal all the time...

They actually said that after 10 years, you simply make too much money and that's the only reason? With no problems with charge backs or complaints?

Do they realize that keeping John Doe's $150 for 6 months is one thing. But this is just too big for anyone to sit back and take... and grounds for a big civil lawsuit...

That kind of volume begs for a real merchant account anyway. A real merchant account from you bank is not going to call you out for being too successful that's for sure.

When were dealing with that much money I would never use paypal. I would get a merchant account instead. I suggest you take legal action against them, if all this is true then it's worth the fight. You should send them legal letters and open up a law suit!

Holy Sh*t, these two stupid sh*tty companies will collapse in no time.

When I got an email telling me that my account became limited I did not have an option to send in documentation to unlimit my account. Incase it matters, my account was limited because of fraudulent or scandalous transactions (to be honest there was nothing fraudulent or scandalous about it). You stated that they do not want to do any business with you and I was just wondering exactly what you meant by this. I believe that I got a similar statement from an email from PayPal. Does this mean that I am perm. banned from using their services? Once the 180 days are up and PayPal closes my account will I be able to make a new one using the same email address, phone #, or address?

@ tony12ho

One your 180 days are up, you should be able to get your money. THEN your account wil close.

And no, you won't be able to make a PP account witht the same info. - It will link you to this one and you will be limited again.

Sheesh. I didn't think that I would have to play a game of Cat and Mouse with such a big company, but I guess that I have no other choice.

And THAT is why we are all here on this fourm! LOL

Just a sot in the dark but as a reverse, would it be worth it to sell fast and hard high profits items knowing you get limited for 180 days if you knew in 6 months yo would have a great deal of profit? Would you be willing to spend $700 to have 3500 profit in 6 months. or 1500 upfront to know in 10 days you will have 8 - 10k

what do you think?

Ah, that variable got tried elsewhere. (Deffo not here). Seller did the BIG quick fast, wham bam let's make bucks as you are suggesting.

Not only did the account get the limitation, it also got'the go jump we are holding your funds because 'we' think you are scamming.' I am aware of some of the circumstances of the deal....special items that are always flagged. The bottom line was paypal Utah did not approve release of the funds.

You need to bear in mind that last November paypal changed its T&C....they are applying them to these limitations more & more.

Take that as a not recommended :peace:

Truth be told. I got one of my accounts released in 5 months.

Any news from atomichg?

I got an account released in 3 months. $600.
called and got a nice lady. she was so sweet. gave her a story about my family needing the money to pay bills (true). she said hold on let me see what I can do and 5 mins later she said I will give you a one time withdraw. I said thank you and bye bye.

Well, you got very lucky. Sometimes in a den full of monsters, there is just one or two angels who does care and does the right thing.

So, after I read that someone was able to withdraw their funds after 90days I called and asked for the same thing. And sure enough they allowed me to wihtdraw the money to my bank account. Now I just got to wait 3-4 days.

Hmmm. These guys at PayPal feeling some pressure? They seem awfully accommodating lately.

I wish I had some money in there I'd call em to but every account I've ever had that got limited never had more than $100 or $200 in it and that usually ends up going toward fees.

The account becomes useless after you get your money out...

I have about $1200 locked up in one account. Its been limited for about a month. As soon as this one dispute gets finished(waiting for item to be sent back) I'm gonna call them up and see what convincing I can do! I'll pull some **** outta my ass and start crying if I have to.

will post results soon !

Keep us updated! :)

I just got my account permanently banned today after being with them for almost 10 years. Despite having provided them with all the requested documents but to no available, they still believe I pose a risk to Paypal community. Anyway, I just want to ask if at the end of 180days, you can add bank account but will you be able to delete it after you have added it? What's about other financial info, can you delete it too?

You cant ever really delete anything from them. Meaning they still have the info. You could delete all the info and close paypal account, but they still have all the info and keep it.

If worried about cards and banks, close them up or just change numbers with your bank. They will do it for you no problem.

And all info used on that paypal account can never be used again. Ever

I have just had my first hold put on my pp account i think for having 1.2k and trying to withdraw it. Not actually mine but my friends account. He has to send in info like drivers licence and all that crap. I hope they dont put a 180 day hold on the account :( well i guess i can attempt to get the money after 90 days instead of 180. I have a feeling that if they review it and compare some stuff like cookies and IP between the ebay and paypal that they will put a hold on it. :(

pray for me!

Has anyone actually worked out why paypal do the limitation thing!! Its simple maths, just imagine how much cash is in the 180 day hold around the world at any one time!! bet its a few quid' worth in interest, thats the reason they limit accounts I believe, it dosent bother me the parting ways email anymore, I know my paypals will be limited, so just wait the 180 days and withdraw, its the initial kicks in the nuts though, as 6 months is a while, but once you have rolling paypal accounts coming up to the end of the 180 days its no problem.

Paypal makes money off of keeping "our" money for 6 months - few 3 month GICs, few 6 month GICs, some active trading - legitimated thieves...

I just withdraw money after 180 days limited through "add bank account"
As far as I see, I have no option avaliable to delete financial info or delete a bank account since my paypal has been limited