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Comments on how much to sell with new Paypal/Ebay account
 

Ok! So here is some more info for you guys starting a new Ebay/Paypal account that I got directly over the phone from Paypal. I started my new account probably about January 20th or so, and started out selling slow. I sold used DVD's and a few smaller items to get my feedback up to 15 or so, and the total value was probably only about $40.00 or so. I then started selling some of the Blu Rays I got off of wholesale. I sold probably 15 to 20 of them as the 21 day hold was still active. Slowly but surely the positive feedback came in and the holds were released. I got up to about 27 positive feedback or so and decided to withdraw $500.00 from my account, leaving about $151.00 in it. BOOM limitation hit like a freight train. TIP NUMBER ONE! Paypal will limit WHEN THE MONEY IS WITHDRAWN. I have yet to had an early experience when the limitation hit just from money coming in. They will do so when you try to withdraw the money. I got hit with the full scale limitation. Asking for EVERYTHING. Of course I couldn't provide any of it so I filled out what I could and called them. I bull****ted my way through most of it and after explaining that I am not a dealer just selling off some personal items they lifted the limitation. When asked why this happened they said it was because I had over $500.00 come through my account for the first MONTH of being open. Well I don't know about you guys but $500.00 isn't very much for a month of sales. Either way I can safely give advice that if you do over $500.00 your first month in sales they will most likely pop you. Now I am starting a couple of new accounts here today and tomorrow, so I was hoping to get some feedback on avoiding the Paypal limitation initially. I am going to open TWO accounts at once, sell from one and then let it sit, then sell from the other and let it sit. But I was hoping to get some feedback as well.

Nice post. I try to remind alot of people of making this mistake. It's tough at first because of the 21 day holds. But if you balance 10 accounts then you can sell about $4500-$4599 (just an example) for the first month. I've had the problem withdrawling before (everytime I clicked withdraw bang limited)until I started to balance 10 accounts and it's been smooth sailing. If anything try using this as an example so you can keep selling.

Thats a good idea, I am going to try to use two accounts at once to sell as I don't really sell THAT much anymore, but either way I would like to be able to sell more than $500 the first month. How long do you normally wait before going full scale? Like say receive a payment for $400.00 and withdraw? I know normally a little tip I have given myself is that when a large payment comes through for something big, ALWAYS withdraw it and make sure the withdraw has been processed before shipping out. That way you avoid the situation like I have before where they sent payment for the Xbox, I mail it out, and then try to withdraw and the limitation comes in and I am stuck without the product and without money.

Well some of my accounts I don't have that problem as I have the debit card. All of my accounts are in full force. But when they was new I started off slow and I had the accounts aged 60+ days sold the items and didn't list anymore until I got some feedback. Didn't withdrawl until after I put in the tracking information. Kind of acted like I didn't need the money right away just to make PayPal feel better. Bottom line is you need to build trust with ebay/paypal if you do anything that is looking or acting like a scam then you will have some problems. Selling stuff that isn't high risk and I use the rule of under or around $100 lowers the risk if you have any problems. Like partial refunds scams etc. Build it to 50+ feedbacks then it's smooth sailing. Also as you go have plenty of backups I always have backups. Like gc,ccnow,moneybookers,paymate. Then if your PayPal does get limited then you can refund and get it right back without missing a beat.

I withdraw from paypal every day after the last withdrawel shows completed but it's never more than about $100-$300 at a time and I always leave about $100 in there. I use 10 accounts over 90 days old with at least 20 DSR's from selling ebooks. The only time I get limited by paypal is when I have incoming payment from ebay and an outgoing payment to dhgate.

That's a good point too. Have sellers account only sell and only take in money. Never send your money anywhere except your bank account.

It has been discussed many times in the forum that withdrawing $500 or more is possibly a trigger for limitations.

Best to stay under that amount for New and Old accounts if at all possible. My usual withdrawals are between $400 and $490 and I have never been limited to date.

Another thing is PayPal isn't a bank but very similar and they act like one. So just think with your bank account or credit card if you spend alot they wanna know because of fraud (they will limiit you too). Even a bank won't let you cash a check or release the funds without some history and money to cover the losses. You can't cash a $1000 check and get the money right away when your checkings account only has $20 in it. Now if you have a couple of grand and you deposit it, then they won't have a problem. Just trying to relate and show a pattern. Remember when all cards only charged you $1 to pay at the pump some still do but damn it shows you how stuff changes.

Vigilante, nice stuff there. You let yourself down by the $500 withdrawal.
That was too much for paypal.
You appear to have had funds of $650 (give or take), yes? Your withdrawal total of $500 was too high a risk in the eyes of paypal even with funds left in the account. This is part of the trap for the fist withdrawals from a new account. I find it better to have an 'equity' balance left in the account rather than remove that amount...if you get my drift.:ranger:

I never thought about the $500 withdrawl, that makes alot more sense now. So you guys are saying its OK to have gotten the $650, but spread out the withdrawls like say withdraw $200.00 and let the rest sit for a bit

Yes but I've even saw newbies that keep selling you can't keep withdrawl a $100 at a time and have thousands coming in and then they get limited with 4k. But if you sell, ship, and get feedback then withdrawl you will have not as many problems. If you get like 2k in then break it up by $300 at a time and keep withdrawling until it is down to $100 or empty then start selling again.


:boink:

Basically take it slow, and build trust its that simple. The more accounts you have rolling the better you are.

Yea see I am not looking to do that, I am probably going to start this account, sell a few items, and get the feedback up to around 20, then scrap it for a few weeks and let it sit then open a new one, do the same thing, then come back about a month later and have two accounts that are fully ready to go without the 21 day hold and everything. My biggest problem is that I will get antsy on selling quick and put too much on and make too much too soon.

I usually get 10 accounts setup at a time with over 20 DSR's ready to go in about a week with no 21 day hold and at least 30 or more days old and then just list 1 item on each and never let my paypal balance get over $500, everything goes pretty smooth like that.

Do you switch your IP address every time you set up a new account? Also, are all the accounts in the same name? I am just wondering because I am creating a couple of new accounts tonight/today and I have done it where they are all different people. But I was wondering if I could sell on both at the same time or if that would trigger problems. I am not messing with the different user windows accounts and whatnot.

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I use my tethered blackberry which changes ip each time you log on. All my accounts are different names and address's all over the US. I use a seperate windows user for each active selling account which I have items selling at the same time. I use 1 user for making accounts with firefox and delete history, log off and back on between each account.

Well erasing cookies and not separating windows log ins will create some problems. I have mine setup so it's quick and easy always different names, cities, ips different everything. You must erase cookies? Doing windows accounts is easy and doesn't create limitation problems.

Okay say if I have 40 items that I sell on one account and I have 4 others that sell them the same amount also. How would I spread this out to sell? Making 40 accounts just for one item each is a bit insane..Should I list 40 on the first day and let it set? Would that be for 3/5/7 days? Wondering cause I cant sell as fast now. Appreciate any info.

You'd be better off starting with 1 then increasing by 1 each day, it would take about 9 days for 40 items and you'd never have more than 10 items lised at a time.