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-   UK PayPal Talk (https://www.aspkin.com/forums/uk-paypal-talk/)
-   -   Is this strategy viable? (https://www.aspkin.com/forums/uk-paypal-talk/109500-strategy-viable.html)

georgelegacy 08-06-2017 09:30 AM

Is this strategy viable?
 
I have recently had 3 accounts limited within the space of a week, I noticed that I can still sell on the accounts and the ebay's linked have good feedback.

I am thinking of absolutely rinsing the accounts for thousands for however long PP let me and just accepting that my business wont see any of the money for 180 days at least.

The items I sell are generally £100+ (all legit) and I realise it will take me a while to build accounts up again - so I was thinking of also setting some stealth accounts up with the sole purpose of getting limited and using them as an unlimited account for however long as I can?

Thanks!

yankee 08-06-2017 09:34 AM

Re: Is this strategy viable?
 
Expensive and slow return on investment. That plan works better on Amazon being 90 days and more issues for many people.

If you keep on getting limited, the smarter option is to figure out what you are doing that paypal does not like and fix that because as of right now, whatever you are doing is not working.

James Brown 08-06-2017 09:42 AM

Re: Is this strategy viable?
 
Quote:

Originally Posted by georgelegacy (Post 863608)
I have recently had 3 accounts limited within the space of a week, I noticed that I can still sell on the accounts and the ebay's linked have good feedback.

I am thinking of absolutely rinsing the accounts for thousands for however long PP let me and just accepting that my business wont see any of the money for 180 days at least.

The items I sell are generally £100+ (all legit) and I realise it will take me a while to build accounts up again - so I was thinking of also setting some stealth accounts up with the sole purpose of getting limited and using them as an unlimited account for however long as I can?

Thanks!

If they are stealth accounts then don't automatically assume you will be able to withdraw money after 180 days. Unless you can provide valid ID paypal UK will often not release money even after 180 days so bear that in mind before activating the rinse cycle :)

As for still being able to sell on the limited accounts, why would they stop you from selling, every extra £ into your limited paypal account is another £ they can keep for at least 180 days and possibly never release it so proceed with caution...

just_smile 08-06-2017 10:31 AM

Re: Is this strategy viable?
 
As mentioned, the issue is if they are stealth accounts you may have issues trying to withdraw after 180 days.

georgelegacy 08-08-2017 07:11 AM

Re: Is this strategy viable?
 
Wow didn't realise people were having issues after 180 days!

Currently, have £3k in stealth accounts limited till December, haven't read of anyone having issues - is it really that prolific?

Thanks for the responses anyway, guess we have to review our stealth.

just_smile 08-08-2017 07:27 AM

Re: Is this strategy viable?
 
It's more and more common, mainly just on paypal UK from what I gather.

There's quite a few threads about it if you use the search function for some light reading.

zamzam 08-08-2017 02:37 PM

Re: Is this strategy viable?
 
Currently have around 3 accounts which have passed the 180 days hold, yet they don't want to release funds. All documents have been sent yet they still don't want to release funds. One account has gone 10 months now...

zamzam 08-08-2017 02:38 PM

Re: Is this strategy viable?
 
Please be careful... big lesson to be learnt. Don't leave large amounts in pp

georgelegacy 08-09-2017 03:06 AM

Re: Is this strategy viable?
 
Quote:

Originally Posted by zamzam (Post 864059)
Currently have around 3 accounts which have passed the 180 days hold, yet they don't want to release funds. All documents have been sent yet they still don't want to release funds. One account has gone 10 months now...

Jesus! Sorry to hear that, is the reason they are stating ID related?

Will definitely not sell any more of these accounts and just hope PP release the funds.

zamzam 08-10-2017 01:55 AM

Re: Is this strategy viable?
 
Quote:

Originally Posted by georgelegacy (Post 864145)
Jesus! Sorry to hear that, is the reason they are stating ID related?

Will definitely not sell any more of these accounts and just hope PP release the funds.

Yes they will only accept genuine docs apparently...


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