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  #1  
Old 09-04-2014
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Default Withdrawal Limitation on New PayPal account

Hi,

It seems like for a PayPal account, you can withdraw only $500/month unless you provide them your SSN

Does it mean my monthly sale can not exceed $500?

Can I transfer the money in Paypal account to a friend? Or It will raise a flag to Paypal?

-Thanks
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  #2  
Old 09-04-2014
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Default Re: Withdrawal Limitation on New PayPal account

It is not a good idea to transfer money from your PP to your friends PP. It will link the accounts and can be dangerous
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by JamesNorth101 View Post
It is not a good idea to transfer money from your PP to your friends PP. It will link the accounts and can be dangerous
James,

Will the limit eventually lifted or it is permanent?

How do I deal with that limit?

Thanks
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Old 09-04-2014
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Default Re: Withdrawal Limitation on New PayPal account

You can lift the $500 withdraw limit by completing any of the two items:

-Confirm SSN
-Verify Credit Card
-Very Bank Accoutn

You do not necessarily need to confirm your SSN.
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  #5  
Old 09-04-2014
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by namjonesvn View Post
Hi,

It seems like for a PayPal account, you can withdraw only $500/month unless you provide them your SSN

Does it mean my monthly sale can not exceed $500?

Can I transfer the money in Paypal account to a friend? Or It will raise a flag to Paypal?

-Thanks
Check exactly what paypal want to allow you to increase your monthly limits.

Look for all options. They exist.

Avoid transfers between friend's accounts. Creates links & may make troubles.

Good Luck.

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Default Re: Withdrawal Limitation on New PayPal account

Can I use the same PayPal account for my Ebay account and Etsy account?

-Thanks
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Old 09-04-2014
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by namjonesvn View Post
Can I use the same PayPal account for my Ebay account and Etsy account?

-Thanks
Sure, but why would you want to? Spread the risk.
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Default Re: Withdrawal Limitation on New PayPal account

Is it risky because I will have 2 sources of money going to a same Paypal account?

If so, Can I use my sister 's Paypal account (non-stealth account) for Etsy?

Since Etsy and Paypal are 2 different companies, the information do not have to match. Am I right?

Thanks
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Old 09-05-2014
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by namjonesvn View Post
Is it risky because I will have 2 sources of money going to a same Paypal account?

If so, Can I use my sister 's Paypal account (non-stealth account) for Etsy?

Since Etsy and Paypal are 2 different companies, the information do not have to match. Am I right?

Thanks
this is where you should try to think true stealth.

No need to involve your sister. Tax issues for a start might come into play.

What are your plans going to be?

Are you making stealth ebay & etsy accounts?

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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by namjonesvn View Post
Is it risky because I will have 2 sources of money going to a same Paypal account?

If so, Can I use my sister 's Paypal account (non-stealth account) for Etsy?

Since Etsy and Paypal are 2 different companies, the information do not have to match. Am I right?

Thanks
Don't play with your sister's info/account
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  #11  
Old 09-05-2014
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Default Re: Withdrawal Limitation on New PayPal account

Risky meaning if you have a paypal problem, then it effects both selling platforms. Other than that it is not risky at all.
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  #12  
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by GreenBean View Post
this is where you should try to think true stealth.

No need to involve your sister. Tax issues for a start might come into play.

What are your plans going to be?

Are you making stealth ebay & etsy accounts?

I have setup stealth EBAY and ETSy account (not stealth Paypal yet_ still have to get a tracphone)

I plan to use the same Paypal for both Ebay and Etsy ( info matches between 3 accounts)

I guess it would be safer to do that than using my sister good Paypal
account

I am just gonna sell cheap items ($10-$20 each) so my money coming to Paypal prob abound 500- 800 max per month

Last edited by namjonesvn; 09-05-2014 at 09:29 AM.
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Old 09-05-2014
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Default Re: Withdrawal Limitation on New PayPal account

I would build up to $500/800 over the course of 2/3 months.

Bare in mind you may be required to provide EIN by PP if you hit a certain limits.
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  #14  
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Default Re: Withdrawal Limitation on New PayPal account

Good idea to stay stealth - get the PP up and going.
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  #15  
Old 09-05-2014
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Default Re: Withdrawal Limitation on New PayPal account

Quote:
Originally Posted by JamesNorth101 View Post
I would build up to $500/800 over the course of 2/3 months.

Bare in mind you may be required to provide EIN by PP if you hit a certain limits.
Another good reason to have one paypal account for each selling platform.
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