Do you withdraw money from PP once item posted

skyichigo · #1 03-14-2012

Hey just a survey on how you guys withdraw the money from PP.

So , someone/buyer had paid you via Paypal, and you supposed to post the item to the buyer.

Once you posted and obtain the tracking number and updated to Paypal website, do you instantly withdraw the money from customer to bank account or you let it sit on the account for few days just so the tracking go live and stated customer had received the parcel, then you withdraw the money?

Which way is better?

Thanks

newjerseymax · #2 03-14-2012

Wait until after item is delivered. Most of time wait until 2-3 days after.

skyichigo · #3 03-15-2012

And when I received payment for stuff I sell on gumtree, not from eBay, why the on the paypal payment details, it stated that for Seller Protection , it's "Not Eligible".

Can anyone confirm that seller protection was only offered to seller on Ebay only? Or if it's also applied for seller outside ebay, why I am not eligible for Seller Protection.

Thanks

unkown5454 · #4 03-15-2012

So much of this depends on the history of the account. Myself as well as a handful of other long time experienced sellers here who spend many hours building up solid accounts withdraw every day.

If this is a new account, obviously you can't do this.

unkown5454 · #5 03-15-2012

Quote:

Originally Posted by skyichigo

And when I received payment for stuff I sell on gumtree, not from eBay, why the on the paypal payment details, it stated that for Seller Protection , it's "Not Eligible".

Can anyone confirm that seller protection was only offered to seller on Ebay only? Or if it's also applied for seller outside ebay, why I am not eligible for Seller Protection.

Thanks

That only regards their address and whether or not is confirmed.

download3000 · #6 03-15-2012

as soon as i see funds are now....the money has already been thru 2 accounts

rsot · #7 03-15-2012

@download3000, hopefully you're doing this well because going through 2 accounts repeatedly can be quite a danger sign.

skyichigo · #8 03-15-2012

Also for a stealth PayPal account, must we had both bank acc and credit card verified? or can I just verify using bank account, as it is mainly for selling and withdraw, so I don't see any needs for a credit card , but will attaching a credit card help the account to last longer? thanks

Sandy D · #9 03-15-2012

Having a fully verified account makes an account stronger so the answer is yes.

lhall5422 · #10 03-17-2012

Doesn't it raise pp account limits as well? Verifying credit card that is?

Callidus · #11 03-17-2012

Dont qithdraw too quick I usually leave it 3-4 days sometimes longer, builds strength and trust on the account I think.

Mzgr3k0 · #12 03-17-2012

I'm not an expert but I think it depends on a few things.
Talking from personal experience I had a stealth pp account opened since last nov and My pp is currently frozen from attempting to transfer $400 5 days after the sale was completed.
I think it depends on how much $$ u are transferring and how new ur pp is.
Just a personal opinion !
=]]

Callidus · #13 03-17-2012

Yeh but you shouldnt be transferring $400 in one go anyway nor should you be clearing out a PP. That has a limitation written all over it. Leave some money in there and always withdraw in small doses

Mzgr3k0 · #14 03-17-2012

Yeh I did leave $$ in there...
=\ at least $150..

Callidus · #15 03-17-2012

But you withdrew $400 in one hit! Massive 'risk' to your account

TheGenius · #16 03-17-2012

Unless I'm using an OLD established account I leave it in for at least 2 weeks. Then only withdraw a portion at a time.

Sandy D · #17 03-17-2012

Quote:

Originally Posted by hdavey10

But you withdrew $400 in one hit! Massive 'risk' to your account

I agree 400 at one shot is extremely risky.

UnderBites08 · #18 03-17-2012

Quote:

Originally Posted by Sandy D

I agree 400 at one shot is extremely risky.

Isn't there a certain number you don't want to have in your account to avoid being asked for social and what not?

download3000 · #19 03-17-2012

Quote:

Originally Posted by rsot

@download3000, hopefully you're doing this well because going through 2 accounts repeatedly can be quite a danger sign.

yea my accounts dont ever get limited by me sending money as payment owed.

Sandy D · #20 03-18-2012

Quote:

Originally Posted by UnderBites08

Isn't there a certain number you don't want to have in your account to avoid being asked for social and what not?

I never let mine get that high to even get asked.

But I learned my lesson last year when I got the request for these docs at around 12k and more then 200 sales.

I wont allow my pp accounts to get to a high dollar amount, I wont allow them to steal my hard earned money. If they do they might only get a few hundred and that is it.

sax4 · #21 07-02-2012

Yes say I sell a £300 mobile phone, I will add tracking then withdraw £75 at a time

teedon · #22 07-02-2012

Quote:

Originally Posted by skyichigo

Hey just a survey on how you guys withdraw the money from PP.

So , someone/buyer had paid you via Paypal, and you supposed to post the item to the buyer.

Once you posted and obtain the tracking number and updated to Paypal website, do you instantly withdraw the money from customer to bank account or you let it sit on the account for few days just so the tracking go live and stated customer had received the parcel, then you withdraw the money?

Which way is better?

Thanks

Usually we will withdraw the money when the amount over 9k ,because it charge some fee for us to withdraw the money here,this way can save much cost