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- PayPal Talk
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When I was limited, I was transferring about £10,000 a week or so, transfers were around the £300 - £500 mark. Probably should have been doing more frequent smaller transfers. About 20-30% of my business was new DVD's |
| vigilantex69 | 05-24-2010 09:45 PM |
Quote:
Originally Posted by slapped
(Post 140284)
Most likely because of the "High Risk" Nature of the goods sold, the first withdrawal was too much. Maybe $100.00 first time, $200 the 2nd, $400 the third, with withdrawls spaced about 2-6 weeks apart, something like that.
I am actually trying to develop Specific Formulas for this, I am close to one now selling DVD,s without a problem if I ever get "Down Pat" I May Post it.
| Yea seriously post it if you figure it out. The problem I have is when I get brand new movies in I can't wait 3 months to sell them. I would rather risk having the money kept for 180 days and sell the movies at $15.00 a pop when they come out, rather than wait 3 months and sell them for $6.00 a piece as they get older. Movies depreciate like CRAZY |
| jbluntz | 05-24-2010 10:02 PM |
^
Quote:
Originally Posted by vigilantex69
(Post 140038)
Here is a word of advice, I know of personally because it happened to me. I opened a new account on about January first. Let it sit for a couple of weeks, and then sold probably about $600.00 worth of stuff within the next 3 weeks. Basically sold about $600.00 in the account over about 5 weeks or so. Went to withdraw $500 to bank account, got limited immediately. I called and talked with them and they said the reason for limitation was because I had over $600.00 come into the account within a the month of selling. I was selling brand new DVD's. They have an AUTOMATED system she said that will be triggered with you WITHDRAW. You should be fine selling and receiving money but when you withdraw you must be careful.
| I would never withraw that much on a first withrawal, my first few withdrawals are always $100 and never more than 2-$300 and that's only after the items show delivered and I've got a few feedback for the items delivered and I sell about $500 a week on each account sometimes more. |
| Imback2010 | 05-25-2010 12:32 AM |
im thinking
4 accounts aged over 30 days.... selling about 200-300 weekly and withdrawing about a benjamin weekly from each and if you are skilled then you can have 25-30 accounts making a killing but that is a bitch...lol all the different listings for accounts but the profit will be worth it..lol
And if its vero items then pfffft all the wasted accounts in between and around and after....wow |
| arsgunner77 | 05-25-2010 01:02 AM |
Quote:
Originally Posted by Imback2010
(Post 140578)
im thinking
4 accounts aged over 30 days.... selling about 200-300 weekly and withdrawing about a benjamin weekly from each and if you are skilled then you can have 25-30 accounts making a killing but that is a bitch...lol all the different listings for accounts but the profit will be worth it..lol
And if its vero items then pfffft all the wasted accounts in between and around and after....wow
| running that many accounts is very doable for some,most ive ever ran at once was 9 and i still had so much free time,the problem is having that many accounts at one time ready to rock and roll,building up accounts for me is where i get lazy, ive stated on this forum numerous times,i would never ever sell on a new account,id wait min of 1-2 months..thats min at the very least
but i do want to get to running that many accounts,i already know i can do it,very simple to run multiples..and honestly not as confusing as you would think |
| jbluntz | 05-25-2010 01:27 AM |
I don't really see the point in working that many accounts at once, It's much easier just to focus on 1 or 2 until you make a certain amount then move on to another 1 or 2 and just keep rotating like that through 25-30 accounts instead of all at the same time. |
| arsgunner77 | 05-25-2010 02:54 AM |
Quote:
Originally Posted by jbuntz
(Post 140590)
I don't really see the point in working that many accounts at once, It's much easier just to focus on 1 or 2 until you make a certain amount then move on to another 1 or 2 and just keep rotating like that through 25-30 accounts instead of all at the same time.
|
depends what yer selling and how much $ you want to make,if you want to make 5k a month with vero,i dont think 1-2 accounts will do it, my main problem is i dont want that many bank accounts as i already have quite a few,ebay is changing hardcore...i cant imagine how it will be in a year from now..im just trying to make as much as i can b4 it changes for the absolute worse |
| Imback2010 | 05-25-2010 03:24 AM |
my problem is having 20+ bank accounts open at a time that accept randoms...
boa lets me have 6 i havent tried opening and closing yet tho |
| vigilantex69 | 05-25-2010 05:26 PM |
Quote:
Originally Posted by jbuntz
(Post 140563)
I would never withraw that much on a first withrawal, my first few withdrawals are always $100 and never more than 2-$300 and that's only after the items show delivered and I've got a few feedback for the items delivered and I sell about $500 a week on each account sometimes more.
| So I've got about $700.00 in there right now, for ME though my account was put under the 3 month 21 day hold policy though. EVERY payment no matter what was held for 21 days unless feedback was left. The 3 months has passed now and they have opened my account up to payments. I have 55 positive feedback with about $700 in the account and I have yet to withdraw anything. Do you think it is time to withdraw? I am just scared though because I would hate to withdraw $100 a week and get limited after 2 tries than withrdraw $400 twice and get limited as well ya know. |
| jbluntz | 05-25-2010 07:38 PM |
I usually withdraw $100 a day or every other day and keep about $100 in there. The last time I tried to withrdraw $400 I got limited but with $100 everything is fine and sometimes $200 but $100 every other day feels safest to me. |
| vigilantex69 | 05-26-2010 11:55 PM |
Quote:
Originally Posted by jbuntz
(Post 140737)
I usually withdraw $100 a day or every other day and keep about $100 in there. The last time I tried to withrdraw $400 I got limited but with $100 everything is fine and sometimes $200 but $100 every other day feels safest to me.
| How old is the account and how long did you wait till your first withrdrawl? Also how much did you receive total in the account before making the first $100.00 withrdrawl? Just wondering maybe we can figure this out |
| jbluntz | 05-27-2010 12:05 AM |
The account is a few months old with about $500, I waited until the paypal tracking showed delivered and recieved a few feedback for some of those items then kept selling more. |
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