Did you have some questions in regard to withdrawal limits and your PayPal account? If you are a US verified Premier account holder there are no limits. If you are outside the US you do have a withdraw limit and it is best to check with PayPal. In addition when I talked to the lady at PayPal she said some accounts have a $20,000 a month limit if you are not completely verified...so AGAIN please do due diligence, as the service we offer and its capabilities and cannot be responsible for PayPal.
Frequently Asked Questions
Question 1. It's not clear how this works. So I send you money to your PayPal account, then you send the money via wire or check to me? But what happens if you hit your withdrawal limit? Even a premier account comes with the limit.
Answer Thanks for the questions; I should have been a little clearer. Not sure what countries any of you are from but I called PayPal to verify this as we don’t have any limits. Our accounts are in the US. So if you are a verified account holder meaning you have a CC attached to the account, verified bank account and has confirmed your SS or business name then there are no limits The PayPal gave me an example of India has a $2500 withdraw limit...so in short if you are in the US you have no limit if you are verified.
Question 3. Okay, I have a PayPal account without limits and I am from Denmark. Can you explain in steps how the system works, from when you get an order in your system until they receive their money? And do you know if this service somehow is illegal to offer? And what does PayPal think about it? And what about PayPal scammers, did you think about them? I guess if they get illegal access to a PayPal account (which happens more often than most people think), then they can empty it for money very fast, before PayPal have time to react. Looking forward to your answers.
Answer Good questions :) I will do my best to answer them but if I don’t give enough detail just let me know :)
- You enter their basic information in step 1.
- In step 2 you enter the amount you want to transfer, then you choose the payout method. The fees are then calculated (these fees are based on a percentage of the transaction i.e.: $100 charges you 10% .If you choose a bank wire for that would be $40.
- Once you agree to the charges you are forwarded to a page based upon your payout selection, so if they chose bank wire, you enter their bank info account #, routing/aba, bank name etc.
- You are then forwarded to PayPal to pay. Once the payment is made you are forward to the payment success page.
- That’s it your done!
Question 4 Sorry, but just to be sure I got it right... After I pay you, my payment goes into your PayPal account, you make either a bank wire or send me a check. So would you say this business is mostly for people located in the USA serving people in the USA?
Answer The reason I started this site is because I looked all over for a site that did this exact thing. When I was first starting off, because I had money that I couldn’t get out and had to wait 30 more days to get out. So I would just specify bank wires etc take however many days it is STILL ALOT better than 30 days. Also you can use western union by default to US customers or people outside of the USA and that is within 24 hours. So to answer your question no I don’t think it is just for US customers.
Question5
What happens if after sending somebody their funds, they do a chargeback with PayPal? Would you not be out the funds you sent them as well as the funds in your PayPal account?
Answer. Well we don’t accept CC payments. The payment has to be from the customers PayPal account and come from the balance or a bank funded transaction so that eliminates charge backs.
