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How often can i withdraw money from paypal and limitations?
 

Hello stealth accounters!!

Believe me i've been doing a lot of research in here and haven't found anything related to what i'm about to ask...

First of all i can't believe that after 90 days of having a verified paypal account, just found out that i can lift my withdrawal limits of $500 without a SS. By just confirming 2 out of 3 steps (bank account/credit card/debit) :slap:

Ok, i know im' slow on this...now the limitation are gone as i linked and confirmed my debit card. However, what i want to know is since my limitations are lifted,

How often would i be able to withdraw money monthly and how much without raising a red flag, therefore next day when i wake up my account got limited?? :confused: 'cause there is gotta be a trick here even though my limits are removed, it doesn't mean i can withdraw whatever amount is...?

There really is no trick. Everyone is kinda on there toes for the first few months until there account has aged and in good order.

I would say take less then 200 dollars each time if you have like 700+.. You want to make sure you leave enough for fees and money in general.

Also I usually only take mine out once every two weeks for the first 3-4 months. And then every week.

It all comes down to how much your making, how old are the accounts (and good working order).

Keep reading up on different topics up here and they talk a little about it!

Are you certain you searched the forum? Because this question has been asked many times and answered. Here are just the first 3 found...

http://www.aspkin.com/forums/paypal-...aw-paypal.html
http://www.aspkin.com/forums/paypal-...me-paypal.html
http://www.aspkin.com/forums/uk-ebay...me-paypal.html

There is not an exact answer because everyone's velocity will vary. You should, however, leave enough in your balance where you can cover for your fees + any claims/chargebacks that may occur. Taking out your entire PP balance will raise a flag. Transferring large sums of money will also raise flags. Best of luck,

I have $1200 and last week i withdrew $450. can take out another split like $450?

I would say its safe to do that since it was a week in between your last withdrawal. As long as you are certain that leaving $300 in the account is a good amount to cover your fees + claims.

For new accounts, you need to crawl before you can walk.

Last bu not least. what is considered an old account? more than 90 days? :yar:

I would not class a PP as steady until at the very least 12 months with all limits removed (Confirmed and verified, with £1900 limits removed, for the UK), but that may be me being over cautious

There is no exact science behind withdraws. Make sure you leave enough for 4 average priced refund, enough for PP balance + 10% is my rule.

Nope.

paypal considers old accounts to be years in stature.

90 day old account is still green.

:heh:

As long as you cover your fee's you can take as much as you want. It's your money. I do it without problems all the time.

:nono: PP will limit the account if too much is taken out too fast. Its not your money until its in your bank account.

don't think that's true, I would withdraw as much as possible in case they do limit the account, unless you don't mind a 180 day hold

That is likely to cause the limitation in the first place.

Need to be a bit more patient that withdrawing everything at once.

I will leave enough in PP to cover fees and 5 times the avg transactions amount to keep a balance in the account.
I typically do not make a withdrawal until the account is at least a month old.
I do not think there is an exact science or formula for withdrawals.
This is just my formula

Like AuctionsDenied, I leave 3-4x the average sale transaction and go slow on my withdrawals.

For withdrawals, I have found that sub $250 for the first withdrawal works but afterwards the frequency I haven't pushed a lot of experimentation - I usually do withdrawals once a week.

I agree with GB, 90 days is not an old account and is still under their watchful eyes on withdraw etc.