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An analysis of ways get money out of PayPal, including bank, ATM, casino, PP to PP

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  • An analysis of ways get money out of PayPal, including bank, ATM, casino, PP to PP

    Some people have considered or attempted to drain their PayPal accounts via transfers to a casino, and then withdraw the chips to themselves, by losing it to another player they have created in another account. Sounds ingenious in theory!

    You would need to resort to something desperate like this only if you expect your PayPal to be shut down immediately, and need to get the cash out quickly, irreversibly.

    First of all, know that no matter HOW you get the cash out of a PayPal account - via ACH transfer, PayPal plastic debit card, virtual debit card, XOOM, PayPal to PayPal transfer, mailing you a paper check, the scheme outlined below, whatever - if FUNDS are LEAVING your PayPal account, then the PP account is liable to get limited.

    So in the first instance - just know that if the PP account is new, and too much money is leaving it quickly, it could become limited, especially if you have not created the account properly using my tech support methods. Tech support gives you insight into how much money you might be able to withdraw without triggering a limitation, and how to create the PayPal and EBAY accounts PROPERLY so that limitations do not happen.

    Also keep in mind - that the amount of money coming INto a new PayPal account, especially if it has not been created using tech suport methods, can trigger a limitation even if you never withdraw a penny.

    But back to the primary question: does it matter HOW I drain the funds? Will PayPal be less likely to limit my account if I remove the funds one way versus another? The answer is NO - if a limitation is triggered due to removing too much money quickly on a NEW account, then this is going to happen no matter how you remove the funds.

    BUT THE OTHER QUESTION is - which of these methods for WITHDRAWAL is irreversible? First be aware that in cases of FRAUD (and PayPal, sadly, uses this word loosely), ANY transaction can be reversed. So if PayPal cries out fraud! (whether truly applicably or not), that payment is going to be reversed, whether done through credit card or ACH, or whatever.

    Also, despite what you might think, just because a payment has landed at the other end does not mean it cannot still be reversed by PayPal. Take a look here, at the end of the first post, for a little insight into this:
    Comparing Google Checkout and PayPal - entering tracking #s and other comparisons - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited

    SO - PayPal can reverse transfers
    (1) while pending, before the money leaves their hands (or while in transit)
    or
    (2) even after they have landed at the other end.

    You'll know if (1) has happened. You'll initiate a transfer and it will be reversed before the money even leaves your account. And usually, along with the reversal will come a PayPal account limitation to keep you from trying it again!

    (2) can only be justified in cases of fraud, but sometimes PP claims fraud loosely. For example once about 2 1/2 years ago (before I understood the PP game as well as I do now), I transferred four figures on a by no means new PP account to my bank , and the funds landed. This was a PP I had used for EBAY for less than six months, but the PP account itself was many years old, which brings THIS to mind:
    PayPal on EBAY versus PayPal on your own website - Buyer Protection Policy - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited
    I did not remove the funds from the bank quickly (I had no reason to be fearful, as all had been going well for so long, selling something like five figures each month), and the very next day, PP withdrew the funds, claiming fraud. I complained to the bank, on the basis that the withdrawal was an unauthorized ACH
    (actually, I did have a feeling something was happening or about to happen, so immediately after making the withdrawal, I severed the ACH authorization between PP and my bank - so they should not have been allowed to withdraw any funds from my bank any longer), but the bank did nothing.

    Understand the implication?
    1. I transfer funds from PP to my bank via ACH
    2. I cancel the ACH authorization - sever the legal link between PP and my bank
    (which means that PP is no longer authorized to withdraw funds from my bank)
    3. PP goes ahead and withdraws the funds I just ACHed in anyway, calling it a "reversal"

    I complained to the Comptroller of Currency and the FTC, but PayPal lied and called the transaction a "reversal" and not an ACH withdrawal.

    So bottom line being - that if PayPal wants to keep you from your money, they will lie and do whatever they think they need to, to keep you from it.

    BUT there is a hierarchy of consideration on such transactions. Some are less likely to be "reversed" or "held up while pending." In order of which are MORE likely to be held up or reversed, to least:

    1. PayPal to PayPal **
    2. PayPal paper check
    3. PayPal ACH to bank
    4. Tricky instant transfers such as XOOM, CCNOW, to online casinos, etc.
    Read this for more on XOOM which is a good example of issues that can arise when doing these sorts of transfers:
    Now You Can Withdraw PayPal Money to Debit, Credit Cards | LiewCF Tech Blog
    5. PayPal transfer to credit, debit or prepaid card:
    There are many countries where this is possible (NOT in the U.S., Canada, UK or Australia however) - to withdraw funds to a credit card:
    http://www.liewcf.com/archives/2007/10/now-you-can-withdraw-paypal-money-to-debit-credit-cards/
    (note that the above article is from 2007 - so this is nothing new).

    And you may check current status here using the pulldown menu, to see if this is allowed in your country:
    Send and Receive International Payments - PayPal Worldwide
    The current list of countries where you may transfer your PP funds to a credit, debit, or prepaid card are: Argentina, Brazil, Bulgaria, Chile, Cyprus, Estonia, Gibraltar, Iceland, Indonesia, India, Israel, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malaysia, Malta, Philippines, Romania, San Marino, Slovakia, Slovenia, Turkey, UAE, and Uruguay.

    6. PayPal debit card - Virtual (NOTE: Although some sources state that the PayPal plug in is currently not available
    PayPal Here: Credit Card Reader | Point of Sale and Mobile Credit Card Processing
    )
    On MY PayPal accounts, after logged in, I am give the option to obtain it.

    Another option is to get a reloadable PayPal prepaid card
    PayPal Prepaid | PayPal Prepaid Mastercard | Prepaid Debit Cards
    and load it with the balance from your PayPal account.

    7. PayPal debit card - Plastic
    Note: if you use the PP debit card to withdraw funds via an ATM, that is of course not going to be reversed (because the source of the funds is your own PP account! and there is no one at PP to go after to reverse the transaction except itself :-). But if you use the debit card to purchase goods, PP can still reverse the transaction if they claim FRAUD and then the merchant will come after you for payment.

    ** If the PayPals are linked in any way, then using your PayPal to buy something online, is the same as PP to PP. If the two PPs are completely unrelated - arm's length transactions - then PP to PP MIGHT fall in the same category as (5) or (6), BUT just keep in mind that PayPal is VERY suspicious of PP to PP transfers of ANY kind, especially if the dollar amount is substantial and one or both of the PP accounts is relatively new, and usually just assumes that they are transfers from your own PayPal to another PayPal of your own.

    Note with (4) the chances of being held up are greater than being reversed. If such transactions happen in the first place, they are rarely reversed.

    Back to the online casino transfer method (transferring your PP funds to a casino):

    As far as direct transfer to a European casino, if the PP account is in the U.S., this sort of transaction is not allowed in the first place. Actually, PP's user agreement does not allow transfer directly to ANY online casino, period, no matter where the PP account is.

    Also, most casinos themselves do not allow U.S. players, and none as far as I am aware allow direct payments from PayPal accounts.

    Take a look here too:
    Transferring funds from your PayPal to an online casino? - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited
    this does outline a scheme to get money from PayPal to online casino. I cannot comment on it, as I have never done this sort of thing. I can say that if you want to try this, you'll have to do the same sort of analysis I have done with PP --> XOOM I wrote about
    Xoom - for use on EBAY, and as a method to drain funds from your PayPal? - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited
    in order the evaluate whether it will work.

    ALSO be sure to read this thread:
    Safe amount of money to withdraw, spend - to avoid PayPal limitation - Free EBAY, PayPal, Business and Law Forums - Ebay Suspension, PayPal Limited

    You may also consider transfer of PP to bitcoin, but although this sounds fancy and it is irreversible, it is just more of the same.
    Please read the forum rules before you post.

    And if you need extra help:
    Modee Tech Support

  • #2
    Actually, there is a way to withdraw without any chance of reversal after the withdrawal has completed, but I won't exactly share the method on this forum.

    Comment


    • #3
      There might be - I mean for example if you withdraw cash with a PayPal ATM that cannot be reversed either - but that is just part of the equation. The rest, as noted above, is whether or not the PayPal gets limited.
      Please read the forum rules before you post.

      And if you need extra help:
      Modee Tech Support

      Comment


      • #4
        And here is what can happen to you sometimes when your money is going to a casino, at least if you live in a country (such as the U.S.) where online gambling is illegal:

        Online poker funds seized will stay put

        FEDERAL COURT — Thousands of online poker players are out of luck trying to wrestle back $13 million seized by federal investigators in a San Diego case that raises questions about the legality of the online game.
        Please read the forum rules before you post.

        And if you need extra help:
        Modee Tech Support

        Comment


        • #5
          shopping with a new vcc verified paypal

          ok, but what if you buy something from ebay using that paypal (paypal funded by your own ebay auctions). Will u be able to pay the seller using your paypal after BIT or auction without getting limited?

          Depends on the account itself, how old it is, DSRs, etc, but lets say its less than a month old with less than 100 items sold on ebay.

          I think transactions under $100 (cos new sellers r able to sell items less than $1oo without it being held) will be fine but over that will get u limited. am i right?

          Ignore "special" items

          I think this applies to my question.
          ** If the PayPals are linked in any way, then using your PayPal to buy something online, is the same as PP to PP. If the two PPs are completely unrelated - arm's length transactions - then PP to PP would fall in the same category as (5) or (6).
          Last edited by PayPal; 09-07-2009, 11:26 AM.

          Comment


          • #6
            Paypal plug in doesnt work anymore for paypal.

            Pay plug in is dead

            Comment


            • #7
              Paypal Limited after transfer

              Hi everyone Im new here with an old problem....
              /
              /I have had many ebay/paypal accounts and I have a friend who is several hundred miles away from me that has set up a new account with real info for me to tran sfer money to.
              /
              /I sent $600 to my account (**** info, fully verified) last week and I let it sit there. Yesterday I sent a payment to my friends account for 498.00 for "services" It went through without issue uintil this morning and both accounts were limited. and the payment is under review. They are asking him for shipping information, he told them there was nothing to ship bc it was for services and not a tangible item. They are asking me to verify my location and thats not a nissue , I can take care of that part, but in the resolution center where it says the transation is being reviewed, it says "waiting on your response" but there is NOTHING there for me to respond to. I click on it and it says " being reviewed by Paypal" Is it just a trick? Because they are telling him that *I* filed a claim and am not responding in the resolution center. And that they cant do anything until I respond.. and then there is nothing to respond to...
              /
              /This is the easiest limitation I ahve ever had to deal wi th... all they are asking is confirm my location.I dont want to screw it up. Advice??
              /
              /Thanks

              Comment


              • #8
                PayPal to PayPal transfers are among the most likely to be reversed, and lead to account limitations.

                You need tech support to address the limitation. There is lot more to it than merely "answering the question posed" by PayPal.
                Please read the forum rules before you post.

                And if you need extra help:
                Modee Tech Support

                Comment


                • #9
                  This happened to me a few months ago same thing waiting for my response to confirm location so I called them at there 402 # click contact while you are signd in and call them from the phone on you account when I did this they said that calling satisfied the issue and the relesed the hold on the funds right then and I asked them if it happens again should I just call and They said yes

                  This worked for me but if you want to be positive contact Modee for tech support you cant go wrong there

                  Comment


                  • #10
                    One thing that has happened recently with PayPal is that when you make a money request of someone, you cannot even mark it as a payment for an EBAY auction. Nor can you send money and mark it as payment for an EBAY auction. These options simply no longer exist, so you must simply send the money as a payment for GOODS.

                    So, PayPal is trying to control it so that in order to officially pay for an EBAY auction with PayPal, one must pay through Ebay checkout. This is yet another effort to discourage buyers from non-PayPal, non-Ebay-checkout transactions.
                    Please read the forum rules before you post.

                    And if you need extra help:
                    Modee Tech Support

                    Comment


                    • #11
                      So Modee, actually withdrawing PayPal funds to credit card, debit card are safer than withdrawing to bank itself?

                      As I read on the internet, it says that it will take 5-7 days to withdraw to cc from paypal, and to bank account it takes 3-5 days. I was thinking that it will take more time then to transfer to cc rather than to our bank account.

                      But then on your explanation,
                      PP-Bank Acc was on no.3 and PP- credit card is on no.5 (according to the order of which are MORE likely to be held up or reversed, to least )

                      Can you please help me a bit here?

                      Thanks

                      Comment


                      • #12
                        This is not allowed in most countries in any case, but where it is, yes - the transfers have less likelihood of being held up. Keep in mind that most people who have this option do not have an attached bank account.
                        Please read the forum rules before you post.

                        And if you need extra help:
                        Modee Tech Support

                        Comment


                        • #13
                          Originally posted by Modee View Post
                          One thing that has happened recently with PayPal is that when you make a money request of someone, you cannot even mark it as a payment for an EBAY auction. Nor can you send money and mark it as payment for an EBAY auction. These options simply no longer exist, so you must simply send the money as a payment for GOODS.

                          So, PayPal is trying to control it so that in order to officially pay for an EBAY auction with PayPal, one must pay through Ebay checkout. This is yet another effort to discourage buyers from non-PayPal, non-Ebay-checkout transactions.
                          And the latest is that the option to request payment for non-Ebay auctions is gone too!

                          Only options for PayPal money requests are now: Goods or Services.
                          Please read the forum rules before you post.

                          And if you need extra help:
                          Modee Tech Support

                          Comment


                          • #14
                            PayPal no longer passing along Buyer phone number to us Sellers

                            Another thing that has changed is that PayPal apparently is no longer collecting, or at least not passing along to us the seller, the PHONE NUMBER of the buyer in their email "Notification of Payment received" for off-Ebay sales.

                            Used to be they would give you the buyer's name, shipping address, email AND phone number. No more.
                            Please read the forum rules before you post.

                            And if you need extra help:
                            Modee Tech Support

                            Comment


                            • #15
                              Paypal holds when account is closed

                              If I send a payment, then close my account because I no longer need it, could Paypal still hold the funds of the payment I sent and try to reverse it, even though the account is closed?

                              Comment

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