Forum

How much to Withdraw at a time?
 

I have a 4 month old account, with £300 of sales made last month & £300 this month, I've never withdrawn anything so what will be the safest way to do so? Should I send £150 per week to my bank or can I send more? I will also be adding a new bank account prior to withdrawing, will this cause any issues?

See those flags waving in the breeze right now?

Other users have been 'caught' with the same scenario you are describing.

Have you even managed to add the bank account yet?

I guess you may not know that many users are having issues even doing that.

What bank is it?

:mod:

Is this PayPal verified? Or have you not yet added a bank account

It is fully verified, no receiving restrictions & already has a bank account attached to it.

Expect hassles then if you go to add another account.

:mod:

What is likely to happen if I add a bank account then go to Withdraw after a few weeks?

Few can predict what will happen.

Your choice of £150 as part of the balance is OK to think of withdrawing. ( Not too high an amount).

Just as a 1st withdrawal, you should be aware the account may be flagged.

:mod:

Why would u add a new bank account?
Dont think i would waste another one to b honest
leave as it is or send to another paypal in small amounts to family or friends works for me

May work short term, but in the long term it can lead to an account being axed pretty easily.

150 withdrawal with a total sale of 300 last month could be seen as high for first withdrawal - 50% of the total...perhaps consider lower - like 100 (33%)

Moving money too fast

Cause: One of the most common ways to get an account suspended is by moving money too fast. Let me give you an example.
Let's just say that you received $200 right. Then 5 minutes later you try sending that $50 to someone else or try to buy something with it. Boom, your account gets limited. In PayPal's eyes, the reason why they limited you is that when you move money too fast, it looks suspicious, so they limit your account and stop you dead in the tracks.

So it applies to:
Receive money --> send money
Receive money --> withdraw money

Solution: When you receive money in your PayPal account, let it sit in there for 2- 3 days before you try spending it, withdrawing it, or doing anything with your money.

Taking in too much money

Cause: The second most common way to get an account suspended is by taking in too much money at one time. Look at it from PayPal's stand-point. If a guy that doesn't have an established history of receiving large amounts of money
suddenly starts getting hundreds of dollars at one time, it looks pretty suspicious. Don't be the guy that receives too much money at one time, or you'll get PayPal limiting you and asking you for personal details.

Solution: So how much money is too much? On a newer account, start off by taking payments less than or around $100 and don't let the total balance on the account get above $500. If the money gets near $500, wait a couple days and withdraw it or send it to another account. Of course, when your stealth account gets older, you can start getting larger amounts of money, but if you really want to be safe, that's the general guideline you should follow. Now if you need to receive more money than that, just use multiple stealth accounts to break the payments up.

Another potential outcome if you take in money too fast is that they will ask you for social security information in order to make sure you're properly taxed. Now PayPal quotes that this number is something like 200 transactions of $20,000 a year, whichever comes first. However, if you come out of the gate taking in a lot of money, they'll ask you for social security much sooner. So the best way to combat this is to just receive money through different accounts so the funds are more dispersed.

Spending/Withdrawing Exact Amounts of Money/Not leaving any money left in PayPal

Cause: Let's just say that you have $600 in your PayPal balance. If you try to go ahead and withdraw $600, you'll get limited. Always try to leave some money in PayPal, at least 10% (don't make it exact). When you withdraw like all your balance, it makes PayPal think that you're robbing the bank and skipping town. That means it's suspicious, so don't do this.

Solution: Always try to leave some money in PayPal (at least 10%). So for example, if you're withdrawing $600, leave like 60-70 dollars in there, don't withdraw everything. You'd be surprised how many people get limited by this sort of problem.

Error: When you try to send money, and get this message: "Add funds in your PayPal before sending money" when you do have money in the available balance.

Cause: When you try to move money too fast on a relatively new PayPal account. PayPal has this this filter that prevents you from sending out money. If you have a relatively new account and get this message, your account is under a soft review. However, don't freak out, because chances are, if you don't do anything else that's suspicious during this time, they'll usually release the balance in a couple of days.

Solution: When you get this message, don't try to send money out over and over again. Just leave the balance for a week and come back to try to send it again. It could last up to 21 days, so try again here and there. Most of the time, it's resolved after a couple of days.

If i withdraw £100 how should I breakdown the remaining £500 & over what period?

Math is not your strong point is it....

There is a total of £600 in the account.

Figure of £150 should be OK to withdraw.
Maybe £120 might be better.
:mod:

I never had problems withdrawing money from Paypal and I have added banks and then minutes later used that bank to withdraw to sometimes confirmed sometimes not.

Now everytime I did this I already had a bank and a CC attatched and had an established account where the holds are gone.

An important factor I believe is try to withdraw from the same computer that you normally use on the same user account with the cookies in place.

Never withdraw down to 0, you want to run things like a business and you shouldn't have problems, so I keep my fees in the account and enough to refund 2 items so for me $100 plus my fees is always in there, I feel that it's just enough to be in a Paypal account that way I have ebay always covered with their fees and also my Paypal is covered with 2 refunds if necessary, so the most I could lose is $100 if they limit me.

The amount you withdraw also has to do with how much is comming in, so I have some accounts that are receiving $1000 a day so I may withdraw 2 or 3 times a day on that account and on other accounts I have just $1000 a month an may withdrawl 3 times in a month, so alot depends on what u have comming in on a daily basis and if you have ebay a fees and refunds covered if necessary and every withdrawl is done from my main computer on my correct user ID .

And just a to go over the point again the times I have added a bank and withdrew money right to that account I also had another bank and CC attatched and the accounts had no 21 day holds so they were on a higher level of credibility.

Just do business naturally and don't over think it