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2018 AOTY/DOTY Entry

Topic: PayPal Sucks  (Read 1378 times)

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Ring King

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As I said before I generally carry a fairly large balance in my PayPal account.  I've never had any issues sending or receiving money through them.  Although, I will say that if you try and transfer more than $1000 from your PayPal account to your bank account they will limit you to that 1 grand per month until you do some account "verification" process.  That includes putting in your SSN.  Not sure why that discouraged me from going through the process since they already have all my banking information but I didn't do it.  I'll just wait 30 days before I try and transfer any more money from PayPal to my bank account.


BigJim

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I've zapped up to $9,600 for PIF recipients, and from checking to PayPal after tourneys etc and haven't had any issues...just been lucky I guess...

For what I do personally and on here for PIF/AOTY/DOTY I think PayPal has been pretty good...if there is another platform that is "better" I would be interested in knowing though...last thing I would want would be for PIF $$ to go missing and not get to where it is meant to go....

 :smt006

Sincerely,

Jim

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~DOTY 2012-5th~DOTY 2014-5th~DOTY 2015-4th~DOTY 2016-7th~DOTY 2017-4th~


Tinker

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Jim, from what I was able to learn online (after eliminating complaints from nut cases) is that in the rare instances when something like this occurs, it's when transferring funds from PayPal into your bank account.  I could have spent every penny on purchases and PayPal wouldn't have cared - they only paid attention when I wanted to take it out of their system.

I don't keep any significant amount of money in a PayPal account simply because PayPal accounts are not insured by anyone.  They aren't FDIC insured and PayPal doesn't carry private insurance.  If someone hacks your account and spends all your money, or PayPal goes belly up, your money is gone and that's all there is to it.   The wayward amount was more than I wanted to put at risk.

No one hacked my account.  It just hasn't yet arrived at my bank.  It's disturbing to see a zero balance in my PayPal wallet and no EFT into may bank account with no notification that the funds are on hold pending verification - if that's what's going on.  No one at PayPal has said that's what's happened, I'm just being optimistic at this point.  In between screaming at PayPal, I mean.   :smt001
« Last Edit: September 19, 2017, 02:06:18 PM by Tinker »
"The only person I know who does the yard sale without the huli." - Nobaddays


crash

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This exact thing happen to me just a month or two ago.  It will show up eventually.  Nearly a month in my case.  Just keep bitching about it to them.  Do you bank at Umpqua by chance?  I wonder if who you bank with has something to do with it.



DG

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So I was updating my iPhone apps today and Paypal's update now says with select ATM cards they can do an instant transfer to a bank account.  Apparently they are trying to fix some of the delays. 

-----------------------------------
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Igor

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I use PayPal for many years, never had issue with PayPal - ppl YES.
I always use longer terms for my expectations