Forum

Taking Money Out of Paypal account w/o Bank acct
 

So just a question- I've seen people here talking about taking money out by buying money orders or similar sorts. My question is where can I actually do that? I've looked for sites for the past few days that take paypal but I can't seem to find any. Help?

Obviously I have a bank acct linked to my paypal so I can sell but I'm just looking for an alternative to getting the money. Thanks!

go to post office and buy money order...they never expire. i think there like $1.25 or $2..i can't remember.
or go to walmart, it's cheaper....like .40 cents or something...but i think you can only get in increments of $500

post office is increments of $1000

I can go to Post office to buy Money order out of Paypal ? Wow, I didn't know that ?
So.... Post offices link to paypal ? How does this work ?

Thanks for any help

I believe you need the pp debit card to do that

Yes you would need the Paypal debit card to do that. :D

What's the real advantage in doing this? If you are limited by PayPal for any reason and your funds frozen, would debit card still work to take the money out? I am not sure, but I think NOT.
If you are not limited or frozen', than you can transfer funds to your checking or use debit card at ATM any way and it will cost you about 2 bucks per withdrowal....The only thing I can think of is, you are limited $400 a day on ATM and seems you can do much more at the Post Office...a $1000?

Lyda have you read this thread.

Empty Account--$2,900 out in 1 hour!!!Here's How

But to get the PP debit card, don't we need to enter our SS number and everything? I think I remember trying once but it was asking for way too much or am I wrong?

So how do I do that if I have a few different paypals?

You don't need a SS#, photo ID, or any other difficult to obtain, or risky to expose item to get a PP debit card. You just need to have a fully verified PP account, and access to the address listed on the account to get the card when it arrives. I have used the money order withdrawal method twice so far with great success. The first time I used it, it was really a life saver, because it allowed me to withdraw $1200 from my account instantly, without limitation. The next time I used it, I withdrew $1600. Really the main benefit to me, is that you can immediately withdraw large amounts that may otherwise bring immediate limitation if withdrawn to bank.

Thanks Lakeman, I remember reading this before..but forgot, eh!:doh:

Yes, I used it like that once. I received $6500 and needed to get it into my bank account to do a wire transfer. There is still some upper debit limit but it's still better than the $400 ATM limit. And BTW they are not combined, so if it's $2k in Debit or whatever then you can take out $2,400 a day. I got $400 out of the ATM and a bunch more in postal orders every day and had all of the cash out in 3 days.

I had actually planned to buy MOs at one PO, cash them at another PO and deposit cash in my account. But Postal money orders aren't "live" (updated and in the computer system) until 24 hours after you buy them, so may as well just deposit the MOs as soon as you buy them since nothing will happen until the next day anyway. Of course, by the 3rd day my bank got suspicious and I had to wait 2 days :doh: for the final deposit to clear (I'm not usually a $6K in three days kind of person!), but otherwise it's a good system.

hehe :D at --->
Too bad this doesnt work in australia rite? :eek:

Why can't you just withdraw to your bank account? Why is it better to withdraw through your card?

Using the Paypal debit card to withdraw funds is just a way to get money out of your Paypal account quickly, without the risk of Paypal limiting your account before it goes through.

Making a debit card purchase is pretty much instant. Transferring to bank involves a few days delay. Sometimes, a seller needs the funds quickly to cover some overhead or re-up an order. There can be many reasons why a person may occasionally need money more quickly than the standard transfer will accomodate.

For those times when such is the case, it is good to know, in advance, how to implement a "plan b" such as this.

^^^Use paypal and there should be plans a to z.... my money is mine:thumb:

As an aside, there is some sort of SSN need these days, I think :peace:

I just had this scenario happen last Thursday.

In my case, I started a new account earlier this year. A business account, not an individual account. The 60 days passed and I requested the debit card and money market account.

I've done some minor purchases and a couple of 'safe' sales, just to be plausible and establish some sort of activity.

I get approved for the debit card and email comes in saying it is en-route to my address (which for me is offsite but accessible).

I get subsequent email to activate the card (I haven't bothered to go get it yet, so they're wondering why the delay).

I then get email asking me to provide Treasury document of EIN and something with business name and address. They push for me to FAX it. I call them and tell them I'm on a business trip staying at a hotel. Don't have hardcopies but do keep scanned images. This little podunk town has a dive hotel and no fax, can I email? They say no. I ask can I send via snail mail? They say sure. (I had to press them for alternate to FAX, they don't volunteer it and try to weasel out of giving an alternative) So, I print off a scanned image of my actual EIN papers and a copy of my American Express statement for the card with my business name and address. They tell me that's good enough and when it arrives, they'll process it - no sweat.

Now, my comments:
I know that it has been normal in the past to give SS or EIN for money market accounts, because the law does require it. I know that it has not been necessary in the past to provide SS or EIN on a debit card due to it being a non-interest-bearing-instrument.

Perhaps those of you being asked for the SS are actually being asked because of money market (not because of the debit card). So maybe for the hardcore stealthers, perhaps when getting the debit card - DON'T do the money market.

Maybe they've changed their requirements for the debit card recently. Maybe not.

I only point out the money market as a possible cause, because many people want the interest and get the money market but aren't aware until afterward that the SS or EIN on a money market is in fact Federal Law. Could be, if this is the case, people are misinterpreting the SS/EIN issue as being caused by the debit card application when in fact money market is a definite cause.

I use the paypal plugin to load a prepaid debit card. but if you cannot get around the verifications needed for the plugin to work and you really don't want to loose your money in a limited account you can look at other options like buying walmart giftcards online or something like that. be creative and think about it a while. you'll figure out some ways to cash out quickly if you just try.

Is there a necessary wait period of 60 days before applying for the PP debit card, or is that just for a Business account, as Vicvelcro mentioned?


Besides the PP card though, what other method is reliable for immediate withdrawal?

If you get limited for withdrawing to a bank, it happens normally the same day you have done withdrawal, doesnt it? I am always nervous when I withdraw and check the email all day for limitations..

You must have either a Premier or Business paypal account. These must have been going for 60 days, No bypass there. To be eligible for the card, the paypal account must be in good standing: there's a very low limit to the number of disputes.Too many disputes no card, even if you have had the account going for years. When you apply, it is not necessarily granted first time. If refused, you wait 30 days.
SO what other method is reliable for getting your own funds? Don't use paypal

funny story I was 60 days into an account and the post office delivered a guys package to the wrong address. the guy immediately filed a dispute saying "I know you sent it but" and then after I told him there was really no need to do that because I would have taken care of it anyway all he had to do was send me a message. he canceled the dispute. so now I gotta wait on that to clear out before I can apply for the debit card.

60 days wait before you can even apply. That goes for everybody. Word is, they want to bump it up to 90 soon. I got that straight from the woman at PP while we were chatting on the phone last week.

I'm really surprised they don't require a ss# for it. It is a reloadable debit card anyway you want to look at it.

What about cashing out of PP by exchanging it for another e-currnecy like Liberty Reserve, and then cashing out of Liberty Reserve with Western Union? Would this work as a method of getting out of PP immediately? Or does the exchange to another e-currency require processing time?

almost all of those e-golds and what not will not accept paypal. paypal is the devils work when it comes to a guaranteed form of payment. and I'd say if you find one that will do it for you they're 50/50 a fraud themselves

I'll back up gurusgrafx's statement. That's been my experience as well.

Ok, assuming the you found an honest exchanger, would the process be instant, or would PP require processing time?

That would depend on the exchanger. I'd assume you'd have to wait until they clear the money out of their account so they know they're not getting screwed. Then you'll probably never hear from them again. Also the percentage is going to be rather high and really doesn't seem worth the effort.

Ok, do you mean it is possible for PP to freeze the transferee's PP account (in this case the e-currency exchanger) AFTER the funds have been transfered, in order to retrieve those funds if it wants to? What would constitute a "clearing the money out of their account", a zero balance in their account?

I'm new so perhaps my logic is off, but why would anyone accept PP for goods/services delivered if they feared PP might take back the funds because the buyer has issues?

...Or, although one's account may not be officially 'frozen', does PP sometimes delay or takes its time processing a transfer/transaction?

Scratches head. Why is every post of worm's about getting money outta paypal quick smart. He gets one lot of advise and comes back with another round of questions. pffft.
Hamlet & Denmark anyone? :spy:

Methinks it conceivable that a fishing expedition might be under way, to close a hole before we would normally think to open it. Pre-emptive like.

Well, I guess since I'm new you could be justified in being suspicious, although I'm laughing at the thought. I'm a novice, but if it seems I know something it's cause I'm spending all day thinking about these things lately. Anyway, I thought this was the place to colaborate and get to the bottom of the issues and find solutions. I think I could be on to the solution with e-currency exchangers but I wanted to bouce it off some pros to see if there's something I'm not thinking of. However, if I'm "opening a new hole" for you for you guys I suppose thanks may be in order. :humble:

wormsrmagic,

I have considered your posts from two different sides. Don't mind my tinfoil hat. It goes where I go, no matter if you're n00b or h4><0R.

As much as I respect you for thinking and guessing and what-if'ing... I can't help but consider the obvious. Personally, I won't pass judgement against you.

A forum is a place to communicate, sure. But people need to exercise some sense and responsibility for their posts. Think carefully before revealing too much, or conveying premature info.

If and when I have enough grasp of where you are going, and I have anything solid to contribute, you can trust that I will do so. For now, I don't know exactly what's up.

All that out of the way, is it possible for you to phrase your posts a bit less shifty?

Ok Vicvelcro, responses appreciated,

I will try to be less "shifty" if possible, however isn't what we're up to shifty in general? I mean I personally don't see us trying to work solutions to remain anonymous while selling online as being shifty, but maybe you're right, maybe I can tone it down.

In trying to understand how PP works, my question was; if one does not have a frozen account, why wouldn't a transfer or transaction (in this case to an e-currency exchanger) be instantaneous?

...Or, is it possible that PP sometimes delays or takes it time processing a transfer/transaction? (even if it's to another PP account like an exchanger's)

Once the funds are transferred, isn't that all there is to it? Gurusgraphx spoke of the exchanger needing to wait to see if the funds clear, but I did not understand that. What did he mean by funds clearing? How can PP reach into another's account for funds that it wants back from the sender? Can/does it do that? Goods/services presumably would have been delivered so I'm thinking PP cannot just freeze and take out of another account because it is after the sender's money. Am I wrong?

I don't know much about this scenario. I don't see a viable application yet. I'm thinking all the fees from bouncing money around would eat up too much profit. Maybe I'm mistaken. But I'm paying attention and trying to learn something from you.

I have my own ways of solving this problem for myself. But my way may not work for you, so I'm not shooting you down. Just saying I never gave your way much thought. I'm thinking now. Let's see what comes up.

I'm gonna sit back and watch. But please, keep it low key, reasonable, and clear.

Thx.

Paypal can limt both payer and reciver if they feel like it it dose not matter to them you could be saleing something they dont like or got lets says a payment for $2000 in your paypal account then paid some one else that $2000 instaly then they pay some one else and that person pays some one else they can limt all 4 paypals and steal all that money back and clam it was fuardlynt. Paypal is like the mafia they do what they want and how they want legal or not they dont care.

Doughboykilla,

I had a suspicion this was the case; that PP has the power of a mafia to take money from presumably innocent third parties. Just found it hard to believe.

I've found a few bigger exchange companies, that I'm sure have large and established PP accounts. Can you picture PP freezing or reaching into their account and removing "fraudulent" funds. It's hard to imagine they'd do that, any opinions?