IMHO, they are FLOATING the funds, SKIMMING interest, for the whole time the accounts are frozen. Banks and lenders are mandated by Federal law to mitigate their risks. I recently had a customer who didn’t trust paypal so I’m looking for alternatives anyway. Not because of me but because I don’t want to lose the opportunity that people can pay me even if they don’t like paypal. Useful information for people conduction business online. I do like about PayPal is that if you have an online business and do everything right, and someone tries to commit fraud, PayPal protects you as the vendor.
And to note, when Paypal account limited for 180 days in the first place, it’s an automated algorithm that flags you, not a person. If requested, enter your bank account information. Screw Paypal, I’d never use their service again, a bunch of scammers.
Proof of business – tax license and documents, utility bills, bank account information, DBA registration, etc. If you have a verified PayPal account, there’s no limit on the amount you can send from your account in a given time frame. In a single transaction, you can generally send up to $60,000, but it may be limited to $10,000. The Federal Deposit Insurance Corporation protects deposits made into bank accounts but not into PayPal accounts.
We’ll secure your account if your debit or credit card issuer alerts us that someone has used your card without your permission, preventing any further unauthorised fraudulent activity. You can also sign up for PayPal’s Instant Transfer Service. This links an eligible MasterCard or Visa debit card/credit card to your PayPal account. Then you can instantly transfer some of your PayPal balance to those debit cards in 30 minutes or less. Many of the same tips that apply to withdraw money to a bank account apply here as well.
I got my account frozen because I was trying to send money to my friend. They wanted to know what it was for and they requested so many documents. I provided what they needed, but they said I was too much of a risk. You have been very blessed not to have had any issues with them. I have always had my own merchant account that I have used for my own websites, and only ever used PayPal due to they force you to if selling on ebay.