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How would you withdraw a large sum from paypal?
 

I just want to get some ideas of how you yourself would handle this. If you had over $10,000 in a stealth paypal account, what type of withdrawal schedule would you follow? Apparently the normal $500 a week wouldn't really suffice...

This is actually a good question, hazy.

Answer me this: if this was not a stealth account what would you do?

I am asking from the point of view that any paypal account should be established enough to be able to withdraw funds.

I know it is hard to not confuse real & stealth. For successful business that is needed sometimes. I can understand that $500 weekly would not be feasible. What stops your talking to paypal on your business plan? With such a high amount of funds incoming, you want to be comfortable to withdraw them.

Sell that to paypal.... ideally paypal should be fully verified & confirmed. Should have been active for a period. Should have 'risk factors' low enough for the account holder to be able to make withdrawals relative to the total balance.

On $10,000 I would transfer enough funds to cover one full refund & outstanding fees. I would not, and never do, leave a zero balance.
:typing:

Well if it was not a stealth account then I would probably withdraw all but maybe $1000 for misc. expenses and possible refunds/cases. If they limited me I would just provide any info they requested.

But... it is a stealth account so I am scared to withdraw a lot lol. The account has been active for around 7 months now and I havent had any problems. It is fully verified and has an EIN number.

I dont know if there is a magic withdrawal number that starts to look suspicious to pp :suspicious:. If it were me I would do like $475 every 3 or 4 days.

One of my paypal accounts is around that old with EIN attach and I withdraw about 600-800 per day.

My other one made in the same pay is limited when I was withdrawing 600-800 once in the morning and other in the evening. Its limited now so no big deal in feeling sorry for it.

That is the type of withdrawal you SHOULD be comfortable doing.

I withdrew $28,000 at one time. A day or two later my account got limited and the funds transfer was stopped.

I contacted PP and asked them why they did this? Rep said it was a large amount and they had questions. I replied, how do you consider this a large amount when I have over $60,000 in my account?

This withdrawal represented Less than 50% of the account. Rep gave me a bunch of crap, then asked what I was doing with the funds (like it's any of their business what I'm doing with MY money).

I told her the truth, I was buying a car and wanted to pay CASH. Then the biatch proceeded to ask my why cash? I told the biatch that I didn't like car loans and I had over 60k in cash so why all the questions?

I told her that the Deposit was placed using my PP Debit card ($500).

The biatch proceeded to ask me to Fax over my Invoice for the car I purchased.

She then called me back and released my funds. After the funds hit my account I immediately transferred the money to a new account so PP could not reverse the funds.

I bought the car and all went well.

If I recall correctly, she told me all withdrawals over $8,000 got a Manual review. That was a year ago so don't know if policy has since changed.

This was with a Real account that was a business LLC. Not sure if that makes a difference or not.

Since then it's all Stealth. I'm currently in the process of setting up 30+ accounts. I am going to spread the money around so I can avoid those friggin questions by stupid account reps.

Well I don't know if its true or not but Its now in the UK all withdrawals over £800 get review, as when the woman told me about their new system she told me that. Wether she was talking **** or not I don't know

Wow I am at a loss for words... They asked what you needed the money for?? Why you wanted to pay cash?? Are you kidding me!! They really need some type of governing by a higher authority to keep them in check.

Last I checked, all transactions were nice and smooth with excellent customer feedback, but we all know that this can change in a heartbeat. I think even at the rate of withdrawing $475 every 3 or 4 days, I will still continue to have a large sum of money remaining in their possession.

I can't believe so many of you are so cozy and comfortable with PP. I don't care whether you have a real or ste.alth.

Yes, I couldn't believe it either. Just goes to show you how ignorant these people at PP really are.

Of course I kissed her arse because they had over 60k of my money and I didn't want to wait a 180 days.

Actually, if you think about it, we don't want them Regulated by some Government authority. We are able to process Stealth accounts because of PPs status. If they were a Bank we would all be in trouble.

Learn to work within the confines of Paypals rules and you'll do just fine.

I actually love Paypal now that I know how to manipulate their system.

Think outside the box.

Paypal forever, lol. :thumb:

Others can ask as well and it can be worse than that.

That is a really good point!

Wait I kind of wandered off topic, im still confused as to how much I should be withdrawing

How old is the account?

How much money is in the account (within two thousand)?

How much have you withdrawn before? How much at any one time?

When were the sales made?

Refund rate?

Anything else that may help us.

Closer to $10,000

The most has been around 900 in one week being two separate withdrawals

The most at any one time has been $500

The sales are made consistently on a daily basis.

The refund rate is prob around 3%

A few more questions:

How old is the account?

What is the average selling price?

What is your average daily sales?

How long did it take to accumulate the 10k?

Lol interrogation?
Account is about 8 months old
Avg selling price is about $15
Daily sales, a couple of hundred dollars
It took maybe 4 months to accumulate that

I'd like to give you sage advice, info is a must.

I would withdraw approx $1,500.00 I think you'll be fine.

If that works out then up the ante to $2,000.00

Within 2 weeks you could have it all out.

Good luck.

Keep us updated please.

You mean withdraw $1500 at one shot, multiple times during the week?

I think he means withdraw the $1.5k then wait to see if it clears. If it does then lather, rinse, repeat....

But what, repeat every day? He said it should all be out in 2 weeks. The only way to do that would be approx $1500 withdrawn every other day.

It takes my withdrawls 2 days to clear ACH and thats regular days - not business days. So if my math is right thats 7 withdrawals of 1500 = 10.5k in 2 weeks.

Yup one every other day... Is that really smart though?

It is, according to Roscoe...

First thing is I wont ever allow any account to get to 10,000.

That is why you need to spread those sales over several accounts and makes life much easier for you.

If I wake up in the morning and see 1000 in any single account I am all over it.
I wont allow it to grow, I will hit it for 500.00 and then another 300.00 the next day only leaving fees and some for possible refunds. If sales hit 1k again I will repeat with different amounts but never allowing it to grow.

No way would I allow pp to steal 10,000 from me.

Spread sales over multiple accounts!

i agree. having all your eggs in one basket is never a good idea.

Not always possible. Sometimes I have $20,000 in sales in less than 2 hours.

I've had as much as $60,000 in 48 hours.

I try and spread it to as many accounts as I can, whenever possible.

Proper questions - pp is all about risk.

Couple of hundred dollars a day...so would be logical to me to aim for that kind of withdrawal after money is clear.

Do you sell cars? And if you have inventory worth that much and in such high demand, I sure hope it's protected wherever it is located.

You must sell a very high end product then. Which can also be risky.

With that said I will never allow them to have a chance to steal that kind of money from me.

60k can be gone in a heartbeat.

Guess I would be working night and day on more accounts and would not give them the chance to steal that kind of money from me.

When you're doing such a high volume why cant you start looking at other payment processing services than just pp?

If I remember correctly, he is selling digital products and using anything other than PayPal is not an option. So he just has to live with them and their stupidity.

Ah alright - I dont recall his other posts of what he is selling...digital products are always looked at by pp as being dangerous...not the best way in my opinion to operate.

Zero physical products. All "Digital Download." Videos, PDFs, Ebooks, etc... very similar to this site (Aspkin).

I'm stuck with PP, just need to deal with it. PP told me they hate Digital Downloads, Business Opportunites, Membership sites like Aspkin, etc...

PP likes trackable crap like Ebay products, Fedex tracking, and all that other crap. Not my cup of tea.

hazy still wonders

:focus:

Understood. I totally forget about that market sometimes because of the risk involved.

What is the risk? Copyright infringement? :confused:

Internet marketing.......

paypal are true hypocrites regarding these types of accounts.


An account seller can have a really hot product. Put the program almost viral, have the monies coming in instantly & BAM killed by paypal.

In some instances there are not even chargebacks yet paypal go pious & limit the account.

:mad: