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  #1  
Old 10-01-2012
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Default Is this new or am I missing something?

We've noticed a change in your business or you're selling in a high risk
category. To give us time to work together on this, we've temporarily
limited what you can do with your account until the issue is resolved.

We understand it may be frustrating not to have full access to your PayPal
account. We want to work with you to get your account back to normal as
quickly as possible.


How you can help

It's usually pretty easy to take care of things like this. Most of the
time, we just need a little more information about your account or latest
transactions.

To help us with this and to find out what you can and can't do with your
account until the issue is resolved, log in to your account and go to the
Resolution Center.

Sincerely,
PayPal

The decision to permanently limit your account was made in part from
information obtained through the consumer reporting agency identified
below. Please note that the following credit reporting agency does not make
these decisions and is unable to provide you with the specific reasons for
your permanent limited account access.

In accordance with the Fair Credit Reporting Act, you have the right to
obtain a free copy of your consumer report within 60 days by contacting the
consumer reporting agency at the address and telephone number below. You
also have the right to obtain one free credit report annually from each of
the national consumer reporting agencies. Please refer to these documents
if you have further questions. You have the right to dispute the accuracy
or completeness of the information contained in the report by contacting
the consumer reporting agency.

Consumer:
Equifax Credit Information Services, Inc.
P.O. Box 740241
Atlanta, GA 30374
(800) 685-1111

Any dispute regarding the information on your report must be resolved with
the agency above.

We also obtained your credit score from this consumer reporting agency.
Your credit score is a number that reflects the information in your credit
report. Your credit score can change, depending on how the information in
your credit report changes.


Your consumer credit score:

Date: 09/29/2012

Consumer scores range from a low of: 300 to a high of : 850

Key factors that adversely affected your consumer credit score:
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
LENGTH OF TIME REVOLVING ACCOUNTS HAVE BEEN ESTABLISHED
TOO MANY INQUIRIES LAST 12 MONTHS
TOO MANY ACCOUNTS WITH BALANCES
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  #2  
Old 10-01-2012
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Not new.

Been other reports as far back as 14 months.

I removed the score for privacy reasons.
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Old 10-01-2012
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Quote:
Originally Posted by GreenBean™ View Post
Not new.

Been other reports as far back as 14 months.

I removed the score for privacy reasons.
So what's this about exactly they can close my paypal account because I have a low credit score? I don't really understand.

Thanks
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Old 10-01-2012
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In November 2009 ( I think), there was a change to the T&S of paypal USA.

They started to state openly that they would check where they felt it necessary to determine the suitability of a user...

This is a result.
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Old 10-01-2012
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This probably will not affect your eBay account, although it COULD. If it does not, you might want to try to get a merchant account.

There are several merchant account providers out there who will work with you if you have a low credit score. Just be UPFRONT with them from the start. Tell them what happened.

If you have a high percentage of positive feedback or DSR's (preferably both) that can help you as well.

These accounts used to be very common, then disappeared with the real estate bust. Now, however, they are making somewhat of a comeback. You CAN get a merchant account if a low score is your only issue, especially if your problems are in the past. However, if you presently have 3 garnishments and are in foreclosure, that would be a different story.

They MAY want a rolling reserve, and the fees you pay will be a little bit higher, but most will not gouge you. Also, any account limitations will be discussed UPFRONT, not just after you have purchased $5k of inventory for sale only to bet stopped dead in your tracks by a nasty surprise.

If you decide to do this, the only other advice I have is to NEVER, EVER pay a non-refundable application fee in the hopes of gettng an account. Some may charge an account set-up fee once you are approved, but again, the amount should be disclosed upfront. If you don't like the amount (IMHO, anything more than $100 is too much) then find another provider - they ARE out there.
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  #6  
Old 10-02-2012
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No way to fight it and get the account back? At least to withdraw the $5k that are in there.
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I had the same thing happen to my account. There was a very rapid change in my selling amount and nature of what what was being sold.It still took them about 10 days to limit, and then finally after about 3 weeks to finally fully restrict my account.

Assessed risk is paypal's middle name. Though they are not a bank, they operate under many of the same guiding federal laws that banks do as they function so similar to a bank and lending institution that they must. Hence the same credit pulling use to determine risk that a bank or credit card uses. The more they are obligated by law to operate like a bank, the more likely they will behave like one. The largest risk to them is fraud like all banking institutions. After that from a federal stand point is money laundering...from any source for any purpose. Now that said, I'm in no way implying that anything you have done falls into these categories, I just wanted to lay the ground work for what paypal, because they are not a bank, can get away with doing, which is to hold those funds for very long periods of time. Banks cannot do this with out a sopena to do so (shy of course based on "funds availabilty" what is generally a 10 day limit). Back to Assessed risk. All financial institutions are allowed to determine this in what ever fashion they deem appropriate, though most subscribe to "best practices" of other financial institutions. This way they have a collective source for determining what they do, so if their practices come into question, they easily can show that they do things the same way as everyone else.(hence the red portion of your OP that very much resembles what many banking instutions are using that even includes credit scores now) Their ability to categorize under the heading of "Risk" is so broad and vauge that really they can use any reasoning they want, and not really have to so much proof of this, literally even down to someone having 1 extra withdrawl in a month or an extra $100 come into an account...etc. And then to boot, federal law makes it so you have to appeal to the credit bureau that the info is obtained from and not the financial institution you are dealing with. Ultimately for the moment your money is stuck.

However, eventually this money must be given back to you. Howoever and the however is the important part. They have the right as their terms of service state, to hold your funds for a period of time. Barring chargebacks, buyer issues and refunds to them etc. anything still in the account at the end of the period they hold it for should be returned. That said they can and likely will ask for identifing info etc to prove the money is legitamately yours, whether from an account in your name or stealth, either way I would expect to have to provide them with any information they ask for in order to have your funds released. In my case I was able to recover my funds, but not until I did EVERYTHING they asked me to do. This involved serveral phone calls to the same investigator at paypal, and tons and tons of document faxing, reciepts etc. At the end of the day, I also had a rolling reserve that I will not get until my period of time with it has elasped. Ultimately the rep. I delt with at paypal had an ability to use a certain amount of their descretion as well as their own negotiating skills with me. At first it was going to take me 180 days to get anything, but by the time it was all said and done he released about 1/2 immidiately and the rest is awaiting the final rolling reserve date and then the entire other half will be released.

Anyway, I wish you the best with this and hope that things work out!

B
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  #8  
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Thanks goofball for that detailed info!

I was providing Video SEO and Graphics Design service - since buyers can't dispute a service as Paypal doesn't cover service payments can I fight it so that I get my money before the 180 days?

Has anyone gone that route, I feel as I have done so much labor work for them to just hold a Payment which I have delivered the service for.

2 Paypals down same week $5k in one and $14k in another that's almost $20k I can't touch.
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Old 10-02-2012
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Quote:
Originally Posted by audiosoft View Post
!

I was providing Video SEO and Graphics Design service - since buyers can't dispute a service as Paypal doesn't cover service payments can I fight it so that I get my money before the 180 days?

Has anyone gone that route, I feel as I have done so much labor work for them to just hold a Payment which I have delivered the service for.

2 Paypals down same week $5k in one and $14k in another that's almost $20k I can't touch.
Users have tried to obtain early release of funds.

It takes preparation to do so.
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Old 10-03-2012
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If you have bad credit or negative reports or there is an address in your credit file that is linked or banned to some previous account say goodbye 99% of the time to your paypal.
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Old 10-03-2012
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Quote:
Originally Posted by astralman View Post
If you have bad credit or negative reports or there is an address in your credit file that is linked or banned to some previous account say goodbye 99% of the time to your paypal.
Yeah I just got an email the funds will be given in 180 days - they banned my bros account for low credit score since he just went to college and has a massive debt so his score isn't good.
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Old 10-11-2012
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So anyone had an experience with providing services and wanting your money back before the 180 days? Doesn't it say in their policy they do not refund services so why would I have to wait 180 days even if a buyer makes dispute (not that it ever happened).
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Old 10-12-2012
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Very rarely will they release beforehand - most of the time it`s 180 fixed. They dont budge much
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