marrickvilleboy Posted July 2, 2008 Report Share Posted July 2, 2008 (edited) Hey guys, Sorry about the title, made a mistake but can't edit it now. Love to hear some expert advice. I have over $1000 AUD in my PP account at the moment and would like to transfer into my bank account but dont want to encounter any frozen account issues or the likes. Can someone please advise how to do so? as in what is the most i can transfer out under the radar? thank so much. Edited July 2, 2008 by Marrickvilleboy Quote Link to comment Share on other sites More sharing options...
anton Posted July 2, 2008 Report Share Posted July 2, 2008 I would not worry about any issues with PP if the money has been in your account for a while already. I used to actively buy and sell on the bay and had no problems withdrawing close to $5K USD onto my account. Quote Link to comment Share on other sites More sharing options...
marrickvilleboy Posted July 2, 2008 Author Report Share Posted July 2, 2008 I would not worry about any issues with PP if the money has been in your account for a while already. I used to actively buy and sell on the bay and had no problems withdrawing close to $5K USD onto my account. Thanks for the quick reply Anton, Payment was just made via paypal from a buyer from the bay. Would that make a difference? I've heard stories of people having as little as $600 withdrawn, get their accounts frozen or security checked. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted July 2, 2008 Report Share Posted July 2, 2008 you can easily transfer it to your bank account. its about a 5 day process though for some reason. There is a long wait time. Quote Link to comment Share on other sites More sharing options...
anton Posted July 3, 2008 Report Share Posted July 3, 2008 Thanks for the quick reply Anton, Payment was just made via paypal from a buyer from the bay. Would that make a difference? I've heard stories of people having as little as $600 withdrawn, get their accounts frozen or security checked. Though I have had some issues with PP, I still use it today and they seem to be helpful when it comes to customer service. Some common reasons for "security checks" or "freezes" would be: 1) History of selling trinkets or low-ticket items and recently selling higher-ticket items ($1000+) and withdrawing the money as payments are received. 2) Receiving a large sum (again, $1000+) and then registering a cheque account and withdrawing. 3) Receiving payments from known high-risk countries or vendors. I could be wrong, but I have been through and known of such incidents. Just tread carefully! Quote Link to comment Share on other sites More sharing options...
lanikai Posted July 3, 2008 Report Share Posted July 3, 2008 Hey R I would agree with everyone.. the risk is minimal.. the wait for transfer is a long one though .. that is probablyu for checks and balances.. it's a good thing..you have no negative history with ebay which "is" paypal ... so I would not stress... if the monies has been there for a while that's a good sign and not a red flag for PP.. btw.. sending a pm.. when your free of exams.. get in touch.. aloha R Quote Link to comment Share on other sites More sharing options...
Dizzy Posted July 3, 2008 Report Share Posted July 3, 2008 i think if you had a new pp account and were making bank transfers all of a suddden it might raise a red flag. for example i am business verified and have had my account for many many many years. I dont think they are going to care if i move $1000 around.. $10,000 maybe. Quote Link to comment Share on other sites More sharing options...
marrickvilleboy Posted July 3, 2008 Author Report Share Posted July 3, 2008 thanks for the replies guys. I have made the transfer. Lets see how long it takes. thanks again! Quote Link to comment Share on other sites More sharing options...
Guest carlsbadrolex Posted July 3, 2008 Report Share Posted July 3, 2008 If its any concellation, my office manager just transferred $11,500 from our Paypal account today... The good thing is, it should all be replaced tomorrow! Quote Link to comment Share on other sites More sharing options...
fakemaster Posted July 3, 2008 Report Share Posted July 3, 2008 Upgrade to a business account then there are no limits Quote Link to comment Share on other sites More sharing options...
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