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Old 02-16-2009
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Default withdraw money then close paypal account

Hello could I withdraw money to my bank account successfully then close the paypal account before it get's limited ? Can this work?

Last edited by GreenBean; 02-17-2009 at 12:44 AM. Reason: "&$%$( to make sense
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Hmmmm.....Has Anyone Tried? Sounds Interesting
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Old 02-16-2009
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i dont get the point of doing that....

the goal is to get your money out and close the bank in fear of having a negative balance in your paypal etc..

why would you want to close it when its still usable + who knows when you are going to get limited

The goal is to be prepared for it
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'If it ain't broke, why fix it?' comes to mind. Are you really asking how
can I stop paypal from keeping my money and/or limiting me
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Just withdraw the money and wait. Once the money's out there is no point closing the account, even if youre pretty sure its going down soon.
I cant think of any reason why I would ever close a PayPal account-PayPal will do that for you, they're nice like that!
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I know there gonna cancel the withdraw within minutes to a few hours after doing it and limit me and ask for ssn when I try to withdraw . So I wanna know is after I withdraw funds from my paypal to my bank account while it is in pending status before they get a chance to cancel the withdraw could I just close my paypal account and still get the funds to my bank account ?
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Old 02-16-2009
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doesnt it take like 90 days before Paypal actually declares the account closed or something like that??
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Old 02-17-2009
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I dont think you can close the account while things are pending. Ive done this with the $500 limit and also sent some to my friend to take out in his account. His account is still fine so I guess it might work.
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Old 02-17-2009
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OMG, does the OP mean close the paypal account? The question was muddled. er,No you can not close the paypal account. Yaw answered that well. PAYPAL like to allow the closing of an account when they are satisifed that there will be no disputes & that is usually a 90 day period
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Yea they keep it open in case there is money due. So if you dont, which I dont see why you would, then your fine.
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You have to wait 90 days after to close the paypal account. What you need to worry about is getting the money out of the bank before paypal does a chargeback.
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you can close your bank account right after you withdraw the $$$
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Old 02-18-2009
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Ok, I know for a fact that while you are trying to withdraw money from Paypal, it will be pending and you will not be able to close the account and have your money all in the same transaction. If I were you, I would take it easy and not withdraw everything at once and make sure you've given shipping details and such. Remember 180 days!!! Good luck
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