Receiving large amount of money via PayPal invoice

[westcoast_d]

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.

[rsot]

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?

[BigCJ]

Yeahhhhhh no...

With an amount like that bank transfer would be the ONLY way to go...

[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.

[rsot]

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?

[JamesNorth101]

Really better off finding another option

[Grimmejaw]

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.

[oompaloompa]

uh-uh no way

[LoopHole]

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.

[westcoast_d]

Thanks for the info LoopHole! Would you suggest call first or call after?

[swingforthefences]

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.

[unkown5454]

Oh boy, I wanna see how this turns out.

[GreenBean]

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?

[BigCJ]

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.

[JamesNorth101]

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

[rsot]

Many an option exists to split up the payments OP? Not just to one pp...

[mercurial333]

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.

[LoopHole]

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.

[BigCJ]

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

[write]

Originally Posted by JamesNorth101

You mean PayPal say one thing and then do another? Never, I don't believe it

LMAO

ps: ya made my day

[rsot]

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