100K Frozen. New PP Just To Send Lots Of $$$ ?

Vapor · #1 08-19-2020

I've spent the last week reading this forum after Pay Pal shut down my account more or less without a specific reason and froze 91K for 6 months, which I am pissed about but understands its standard in the industry. What sucks is I have been in business with them for 7 years and have grossed well over 15M. Guess it doesn't matter to them. I think its related to chargebacks but I can't be sure. Mine is around 1% and I do as much as I can to prevent fraud but there is only so much that can be done. Paypal is the worst.

I've read as much and I can and it seems I could possibly have someone else make a new tax id, phone, address and name and use that on my shopify store but even if I never tie to my old one I am under the impression that they will eventually catch on.

I deal with digital goods and its extremely hard to find even other payment processors. After 15 tries I finally found one. But here is the main problem. My industry relies heavily on SENDING PAYMENTS and 90% of the time it needs to be from Pay Pal. If my company brings in 100,000 then I am needing to send out at least 50,000.

Does anyone have advice or suggestions? From what I heard is I can just make a person pay pal, link to a new bank in a family members name and then just deposit $10,000-$20,000 and use that over a couple of weeks to pay people. I don't see how this would get caught on unless I was to use my same IP.

solefoodbk · #2 08-20-2020

You and I both know if your rate is 1% for chargebacks that was obviously not the issue.

Idk how you made 15 million off digital goods with PayPal. That is textbook high risk strategy. If your selling a legit service, whatever it is it should be fixable if you call them. They must of gave a reason for the limitation. You don’t gross 15 million without a reason. I’d assume you called? Because a generic email means nothing, there is always note pertaining to any suspension and the reason for it.

rsot · #3 08-20-2020

Welcome to the forum - all the best as you master stealth

YouTube (Short URL)

Your situation indeed sounds rough and not to chastise you, but why leave 91k in the PP account at any one time?

Pandoras_box · #4 08-20-2020

Quote:

Originally Posted by Vapor

I've spent the last week reading this forum after Pay Pal shut down my account more or less without a specific reason and froze 91K for 6 months, which I am pissed about but understands its standard in the industry. What sucks is I have been in business with them for 7 years and have grossed well over 15M. Guess it doesn't matter to them. I think its related to chargebacks but I can't be sure. Mine is around 1% and I do as much as I can to prevent fraud but there is only so much that can be done. Paypal is the worst.

I've read as much and I can and it seems I could possibly have someone else make a new tax id, phone, address and name and use that on my shopify store but even if I never tie to my old one I am under the impression that they will eventually catch on.

If it's the same domain and products, PayPal will catch up eventually. This will just set you up for another 180 days of your funds being held.

Quote:

Originally Posted by Vapor

I deal with digital goods and its extremely hard to find even other payment processors. After 15 tries I finally found one. But here is the main problem. My industry relies heavily on SENDING PAYMENTS and 90% of the time it needs to be from Pay Pal. If my company brings in 100,000 then I am needing to send out at least 50,000.

You may not be entirely using a complete set of keywords in your search. As long as your business is not illegal, many payment processors will be happy to accept digital products. They may ask for a rolling reserve to protect themselves. You should continue your search and have at least one more on hand.

Quote:

Originally Posted by Vapor

Does anyone have advice or suggestions? From what I heard is I can just make a person pay pal, link to a new bank in a family members name and then just deposit $10,000-$20,000 and use that over a couple of weeks to pay people. I don't see how this would get caught on unless I was to use my same IP.

To prevent your funds from getting stuck again, I might set it up a little differently to avoid another suspension.

Sensitive info - See your PM

ebaystealth1974 · #5 08-20-2020

Ouch. I know this is no help, but people... PLEASE stop leaving more money in your PP accounts than you can afford to lose.

And you you plan on using the same website, won't take them very long at all to figure out what's gong on.

Like the other dude above said, you need to contact them and see what the real reson for the suspension is. It's NOT 1% chargebacks.