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12-01-2013
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Activity: 0% Longevity: 67% | |  Receiving large amount of money via PayPal invoice
I'm expecting around $10,000 dollars from a customer for a purchase, he wants to use PayPal invoice, would it be ok to receive this amount of money?
My PayPal account is 1 year old, have sent about 100 invoices so far with the max transaction been $3000.
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12-01-2013
|  | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 82% | | Re: Receiving large amount of money via PayPal invoice
Max transaction being $3000....10k could still cause a limitation...have you had the PP limited before? Can the customer pay with other way, like bank transfer?
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12-01-2013
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Activity: 0% Longevity: 73% | | Re: Receiving large amount of money via PayPal invoice
Yeahhhhhh no...
With an amount like that bank transfer would be the ONLY way to go...
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12-01-2013
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Activity: 0% Longevity: 67% | | Re: Receiving large amount of money via PayPal invoice
No this PayPal has not been limited before. I slightly increased the receiving amounts to $3k.
Can't use any other way, I'm in Australia & the customer is in the states. He only feels safe using PayPal.
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12-02-2013
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Activity: 100% Longevity: 82% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by westcoast_d  No this PayPal has not been limited before. I slightly increased the receiving amounts to $3k.
Can't use any other way, I'm in Australia & the customer is in the states. He only feels safe using PayPal. | Wow - rough option...have you dealt with him before?
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12-02-2013
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Activity: 59% Longevity: 61% | | Re: Receiving large amount of money via PayPal invoice
Really better off finding another option
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12-02-2013
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Activity: 0% Longevity: 61% | | Re: Receiving large amount of money via PayPal invoice
Is this your real paypal account? Not a stealth? 10,000 is a lot of money especially if it's in one payment. You will most likely be limited by PayPal asking for proof of item receipt and tax ID info. Better to use a different method ex. Bank transfer or checks. Better yet meet up with your buyer in person.
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12-02-2013
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Activity: 0% Longevity: 90% | | Re: Receiving large amount of money via PayPal invoice
uh-uh no way
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12-02-2013
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Activity: 0% Longevity: 76% | | Re: Receiving large amount of money via PayPal invoice
Could do it and everything could go ok.
Could do it and cause a limitation to the account.
If i were you i'd do it another way. But if i were forced to receive the 10k to my pp account. After receving it i would call pp and talk to them about the transaction and make sure everything is ok on their and my end.
Some may say that's stupid. But i do things differently than most.
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12-02-2013
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Activity: 0% Longevity: 67% | | Re: Receiving large amount of money via PayPal invoice
Thanks for the info LoopHole! Would you suggest call first or call after?
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12-04-2013
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Activity: 0% Longevity: 57% | | Re: Receiving large amount of money via PayPal invoice
You'd pay a stupid amount of money in PayPal fees so even if you had to cover his wire transfer costs, which shouldn't be much more than $35, you'd still be ahead of the game. Worst case scenario, you could have him send a cheque. You'll wait for a while for the cheque to clear but at least you wouldn't be paying crazy fees and you wouldn't risk the chance of getting your PP account limited.
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12-04-2013
|  | Executive [VIP] | | Join Date: Mar 2011
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Activity: 2% Longevity: 74% | | Re: Receiving large amount of money via PayPal invoice
Oh boy, I wanna see how this turns out.
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12-04-2013
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Activity: 0% Longevity: 96% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by westcoast_d Thanks for the info LoopHole! Would you suggest call first or call after? |
That much is going to trigger the anti-laundering issues ..... are you prepared there?
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12-05-2013
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Activity: 0% Longevity: 73% | | Re: Receiving large amount of money via PayPal invoice
I just see them saying its ok to get the funds with no issue, limiting your account, and then requesting the moon and stars from the OP.
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12-05-2013
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Activity: 59% Longevity: 61% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by cjmixers I just see them saying its ok to get the funds with no issue, limiting your account, and then requesting the moon and stars from the OP. | You mean PayPal say one thing and then do another? Never, I don't believe it
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12-05-2013
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Activity: 100% Longevity: 82% | | Re: Receiving large amount of money via PayPal invoice
Many an option exists to split up the payments OP? Not just to one pp...
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12-05-2013
| | Executive [VIP] | | Join Date: Dec 2010
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Activity: 0% Longevity: 76% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by cjmixers Yeahhhhhh no...
With an amount like that bank transfer would be the ONLY way to go... | DC/CC should still go through with PP, at least for 9999.99$ .
I have 10k limit on of my DC, but even a 13$k payment went through the other day.
US of course OP.
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12-06-2013
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Activity: 0% Longevity: 76% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by westcoast_d Thanks for the info LoopHole! Would you suggest call first or call after? | I suggest you leave this as your last option. And be prepared to answer questions, and a limitation to your account. As i said before, its not set in stone that this will happen. But there is a chance.
Talk to your buyer, see what else he is willing to do. Give him a discount or something if he agrees to do it a simpler way.
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12-06-2013
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Activity: 0% Longevity: 73% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by JamesNorth101 You mean PayPal say one thing and then do another? Never, I don't believe it | James...I have tea on my sketchbook now  |
12-06-2013
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Activity: 0% Longevity: 76% | |  Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by JamesNorth101 You mean PayPal say one thing and then do another? Never, I don't believe it | LMAO
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12-09-2013
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Activity: 100% Longevity: 82% | | Re: Receiving large amount of money via PayPal invoice
Quote:
Originally Posted by mercurial333 DC/CC should still go through with PP, at least for 9999.99$ .
I have 10k limit on of my DC, but even a 13$k payment went through the other day.
US of course OP. | Went through PP? wow - no issues, nice
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