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Monday, October 5, 2009
Chinatrust Visa Debit & Cash Card CAN shop at over 60,000 Visa merchant locations nation¬wide and at over 27 million locations worldwide
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Paypal Subscription Payments now available
Posted September 14th, 2008
Last Friday, I was able to meet up and have a short meeting with Paypal’s Head of Asia Merchant Services based in Singapore and discuss some important developments both in the state of local e-commerce and the role Paypal wants to play in the market.
One of the more useful features of Paypal is the subscription or recurring payments which automatically bill people on a regular basis. This feature wasn’t available for Philippine Paypal accounts until recently.
As the Philippines is an emerging market, there’s huge potential here that’s why Paypal have been diligently pushing their services in the country. Below is a quick run down of the issues we talked about:
- Size of the market. Only about 1 million Filipinos have credit cards in the Philippines. That’s less than 2% of the total population. There’s a huge gap that Paypal wants to fill in. Their primary goal is to tap the merchants to offer Paypal payments as an alternative to credit cards.
- The Subscription & Recurring Payments. A month or two ago, this feature wasn’t available for Philippine Paypal users (my US Paypal account had it). It was a feature I really wanted so I don’t have to send billing requests for my advertisers every end of the month. This can be access via the Merchant Tools tab inside your Paypal account.
- Paypal Plus Credit Card by Mastercard. I was told this is only available if you have a Paypal account in the US, Australia or UK. This is only offered to highly saturated markets where credit card penetration and total market volume is very high.
- Withdrawal Limits. There are no withdrawal limits when you withdraw thru your bank but there’s a $500 maximum limit when you withdraw via credit card. The credit card limit is a security measure against potential credit card fraud.
- Additional Bank Fees. We’re already familiar on how much Paypal charges for withdrawal transactions (EFT). That’s $5 for each credit card withdrawal and Php50 for bank withdrawals less than Php7,000. Beyond that, Paypal has no control whatsoever and it looks like banks also add charges for these EFTs which is usually Php200. We’re not sure if these are clearing charges or bank wire charges.
- Effective Foreign Exchange Rates. It’s pretty obvious that when doing withdrawals the existing FOREX rates are below the current rates. That’s actually a 2% exchange rate fee — this is where the banks make money off of dealing with Paypal.
- Local Currency. I’ve heard some people were interested to have a Peso Paypal currency in their account. Philippine Paypal accounts are still in US Dollars. There are a ton of paperworks and requirements that are needed to be done in order to do this.
- Philippine Paypal Office. They have people working off of their Hong Kong office. A Philippine office is still nowhere in sight as there’s no immediate need for it now.
The number of Paypal users in the Philippines has grown a lot since Paypal offered bank withdrawals but they cannot comment on the exact number as corporate policy. We talked about several other things that I can’t share publicly though. Still, it’s nice to learn Paypal has its eyes focused on the Philippine market.
Update: I have two Paypal accounts. One 5-year old US Paypal and a 2-year old Philippine account. Comments below indicate that the Subscription fetaure has been there for months already though mine did not show it until recently (I compared the Philippine account and the US account).
How to Verify Paypal Philippines using EON Visa Debit Credit Card
posted wednesday 22 october 2008
How to Verify Paypal Philippines using EON Visa Debit Credit Card
How to have a verified Paypal in the Philippines using UnionBank’s EON Visa Debit Credit Card. Follow my steps and have it verified without failed in less than a month! Works 100% of the time.
Verify Paypal Philippines using EON Visa Debit Credit Card
Hi folks, do you lived in the Philippines, with Philippines now a Paypal country, the perks of eBAY merchandising, selling and buying; the freelance works done from outsourcing can all be paid and used through Paypal.
Paypal is an online cash system widely accepted all through out the internet since way back early in the 90’s. Paypal Philippines is just a couple of years old, and with Western Union’s crazy fees and the non participation of Philippine Banks to Money transfer from banks around across the world, Paypal has become an ideal monetary exchange program for Filipinos all through out the Archipealago.
Why the need to be a Verified Paypal User?
Answer is simple, you cannot withdraw the money in your Paypal account unless you become a verified user. You will have limits in your accounts, like the amount that you can transfer is limited to only a few couple of hundreds of dollars, and the amount you can received is just a few thousand. Worst you can’t take your Paypal funds and have them in your bank account even though you have clearly state in the interface in the website correct amounts and bank details. In short, just get verified and you will see the big greens ahead
How did I become Verified? Simple steps are listed below:
First you’re gonna need a Credit Card. I have 4 Credit cards, but none I used for online transactions. Why? I have been a victim of hacking on my MasterCard before so I decided to use debit Visa cards instead after that incident.
The best way to get a debit credit card is through banks that offers them. BPI offers MasterCards debit cards through Express Cash banking systems, but the one I liked most is non other than UnionBanks EON Visa Card. Because it’s a Visa Credit Card but with the debit twist. You have to go to a UnionBank branch near you or the place you work to apply for one.
Requirements are 2 valid ID’s, one is premium or government supplied and the other as supplementary or Company supplied. Bring in a wooping $125.00 [it’s peso btw lol] as a transaction fee of some sorts. Then after 2-3 weeks get back at the bank and get your VISA debit Credit Card. But be ready with another wooping $350.00 [again change the amount to peso lol] for the annual fee, and plug in a good 500 peso bill in the counter to have the card some transaction history. This is important. Don’t skip the steps above.
After 2-3 days go to your UnionBank’s ATM machine and check your savings balance. If you see your 500 pesoses in there then all is good, go to a nearby church and thank God.
EON Cyber Account application is a Must
Then after a few hours or even minutes or yes even seconds go online and apply for UnionBank’s EON online banking, you won’t miss it, I don’t want to give live links so use Google and search “unionbank philippines” or something like that and register. Then you have to wait 1-3 weeks depending on the mood of the data entry guy till your EON online banking gets approved.
Now go and log in to your Paypal account, click on the lift the limits tab and add the EON Visa Credit card. If you are able to Log in now to the EON online Banking, ebanking or Cyber account thinggamagig then in less than 48 hours you can get the EXPUSE number needed to have for your Paypal to have it’s limits waived off.
click on the image for a larger viewThe EXPUSE is next to the transaction thing with the word PAYPAL written all over.
And there you have it, Paypal will deduct atleast a 100+ pesos in your EON Visa Card and will gladly pay you back the $1.95 [this time its USD] through Paypals credits.
I reckon you will try and apply for a premium Paypal membership to get the ball rolling and have all the limits erase for you to withdraw the money in your account to your EON Credit Card. Paypal will take 3 days for the money to clear and have transaction completed and your UnionBank system will eat up 3-5 days to have the money showing in your EON Card Account. After which you can swipe and buy stuff with your VISA Card or if not withdraw the money in an ATM and enjoy life to the fullest. LOL
Over all time frame till SHOW ME THE MONEY. This is a rough estimate to erase all your high hopes NOYPI style.
click on the image for a larger view2-3 days = EON Debit Visa Credit Card test transaction e.g. ATM money check account balance etc.
7-28 days, 1-3 Weeks = EON Debit Visa Credit Card Cyber Account or eBanking application and approval
1-3 days = EON Debit Visa Credit Card added to Paypal and to have Paypal send you the EXPUSE number
1-2 days = EON Debit Visa Credit Card Cyber Account or eBanking online shows the EXPUSE number
1-2 days = EON Debit Visa Credit Card Cyber added to Paypal with Expuse number and become Verified
7-14 days 1-2 Weeks= Withdrawing and Clearing of money to your EON Debit Visa Credit Card from Paypal
________________________________
TOTAL = roughly 4-8 Weeks till you get your online money to be going straight to the real world. Not bad eh? That’s life live with it.
Oh before I forget after you have done a couple of transaction, withdrawing, recieving and adding money to Paypal and EON, the next clearing period becomes 24 hours to 2 days combined, guess having trust works in online automated systems too. Cache or Caching! LOL kthnxbai
Sunday, October 4, 2009
Internet banking and visa debit card???
posted 28 September 2009
I use Kaisikorn (debit card cyber-banking w/a virtual shopping card). This will be obnoxiously long because i don't have the direct link so my apologies. However. it may help some people that want a Paypal link with a Thai bank.
HOW TO USE PAYPAL WITH A THAI BANK ACCOUNT AND HOW TO TRANSFER MONEY: KASIKORN BANK AND OTHER THAI BANKS
Timetable for change –
HOW TO USE PAYPAL WITH A THAI BANK ACCOUNT AND HOW TO TRANSFER MONEY: KASIKORN BANK AND OTHER THAI BANKS
How to use Paypal to transfer funds from the US
1- Open a Thai bank account, for example at Kasikorn Bank, just need a passport and a Thai address (where the bank will never send any document, so any hotel address is ok)
Fill the forms, deposit some money, pay few hundreds bank for the ATM card (300 THB at Kasikorn Bank), you will get the card on the spot along with a sealed document that include the PIN code. You can keep this number or change it at any ATM.
2 - Open a new Paypal account: as it is not possible to add a Thai bank to a US PayPal account someone who want to use Paypal with a Thai bank account must open a second PayPal account and designate Thailand as the country.
3 - When opening the Thai bank account also apply for internet access to this account: to add the Kasikorn bank account to the Thai PayPal account you need to have online access (a K-cyber account) to the Thai bank account, so when you open your Thai bank account also apply for the K-cyber access and you will get the log in info by email.
4 - You will receive an email within 24 hours from Kasikorn bank telling that my K-cyber account is set up and giving you a log in and password. On your initial log in both password and user name have to be changed and the bank also requires a second password for any transactions. This can either be done via SMS or you can create a second password to use when you won't be in-country when making a transaction, and create it at Kasikorn web site, athttp://www.kasikornbank.com/portal/site/kbank. From the drop down menu, select Service Channels, then Internet, then K-Cyber Banking. A new window will open.
5 - In order to make online purchases or transactions there is another step. On Kasikorn Bank website you have to create a K-web shopping virtual credit card, which is a simple application, requiring the second password, and within 24 hours you will have a virtual credit card. It means that you will be emailed a 16-digit number (the same as a credit card), expiration date, and a CCV (the three digits on the back of the card). All of this is virtual, and this is an additional security step that the bank uses.
6 - Log in to your Thai Paypal account, add the virtual account info (which is linked to the Kasikorn account), and the card will be accepted. PayPal requires verification and will deduct $1.95 (around 60 baht) from the account and the transaction will be listed as "PAYPAL1234" or "1234PAPAL". The four digits will then have to be posted to the PayPal account to verify. In the US, a few cents is deposited and then you have to enter that information to verify the transaction. Once verified, PayPal will reimburse the $1.95.
7 - Receive email confirmation that PayPal has deducted money from your account and the email has the four digits you need to confirm my account. Go back to your Thai PayPal account and enter the four digits and you're done, now you have an online account and can go shopping online, transfer money, and any other operation available with a Paypal account.
8 - To test the transfer of funds from US PayPal to Thai PayPal send money with your Thai Paypal account to your US Paypal account, and receive immediate confirmation by email that the transaction has been completed. Log into your Thai PayPal account and see that the funds are available and accept the transfer.
9 - To transfer some money from PayPal to you Thai Kasikorn bank you have to click on "add a bank account" but as this is a Thai paypal account everything will be written in Thai, so open a second window and go to the Kasikorn web site and compare the Thai script to find your bank in the drop down window in Thai Paypal, it's the second bank listed.
Select it, and next is a confirmation page, Kasikorn Bank is now in English.
Confirm the transfer and the next window informs you that it will take five to seven days for the transfer (a little longer than US PayPal, which is three to four days).
The bank account must be entered without the dashes.
This process should work with any Thai bank, so if you try this with one of these Thai banks please let a comment on this website:
ACL Bank, Bangkok Bank, BankThai, Bank of Ayudhya, Kiatnakin Bank, Krung Thai Bank, Mega International Bank, Siam City Bank, Siam Commercial Bank, Standard Chartered Bank, TMB Bank, Thanachart Bank, Tisco Bank, Union Overseas Bank UOB.
Read »
HOW TO USE PAYPAL WITH A THAI BANK ACCOUNT AND HOW TO TRANSFER MONEY: KASIKORN BANK AND OTHER THAI BANKS
Timetable for change –
HOW TO USE PAYPAL WITH A THAI BANK ACCOUNT AND HOW TO TRANSFER MONEY: KASIKORN BANK AND OTHER THAI BANKS
How to use Paypal to transfer funds from the US
1- Open a Thai bank account, for example at Kasikorn Bank, just need a passport and a Thai address (where the bank will never send any document, so any hotel address is ok)
Fill the forms, deposit some money, pay few hundreds bank for the ATM card (300 THB at Kasikorn Bank), you will get the card on the spot along with a sealed document that include the PIN code. You can keep this number or change it at any ATM.
2 - Open a new Paypal account: as it is not possible to add a Thai bank to a US PayPal account someone who want to use Paypal with a Thai bank account must open a second PayPal account and designate Thailand as the country.
3 - When opening the Thai bank account also apply for internet access to this account: to add the Kasikorn bank account to the Thai PayPal account you need to have online access (a K-cyber account) to the Thai bank account, so when you open your Thai bank account also apply for the K-cyber access and you will get the log in info by email.
4 - You will receive an email within 24 hours from Kasikorn bank telling that my K-cyber account is set up and giving you a log in and password. On your initial log in both password and user name have to be changed and the bank also requires a second password for any transactions. This can either be done via SMS or you can create a second password to use when you won't be in-country when making a transaction, and create it at Kasikorn web site, athttp://www.kasikornbank.com/portal/site/kbank. From the drop down menu, select Service Channels, then Internet, then K-Cyber Banking. A new window will open.
5 - In order to make online purchases or transactions there is another step. On Kasikorn Bank website you have to create a K-web shopping virtual credit card, which is a simple application, requiring the second password, and within 24 hours you will have a virtual credit card. It means that you will be emailed a 16-digit number (the same as a credit card), expiration date, and a CCV (the three digits on the back of the card). All of this is virtual, and this is an additional security step that the bank uses.
6 - Log in to your Thai Paypal account, add the virtual account info (which is linked to the Kasikorn account), and the card will be accepted. PayPal requires verification and will deduct $1.95 (around 60 baht) from the account and the transaction will be listed as "PAYPAL1234" or "1234PAPAL". The four digits will then have to be posted to the PayPal account to verify. In the US, a few cents is deposited and then you have to enter that information to verify the transaction. Once verified, PayPal will reimburse the $1.95.
7 - Receive email confirmation that PayPal has deducted money from your account and the email has the four digits you need to confirm my account. Go back to your Thai PayPal account and enter the four digits and you're done, now you have an online account and can go shopping online, transfer money, and any other operation available with a Paypal account.
8 - To test the transfer of funds from US PayPal to Thai PayPal send money with your Thai Paypal account to your US Paypal account, and receive immediate confirmation by email that the transaction has been completed. Log into your Thai PayPal account and see that the funds are available and accept the transfer.
9 - To transfer some money from PayPal to you Thai Kasikorn bank you have to click on "add a bank account" but as this is a Thai paypal account everything will be written in Thai, so open a second window and go to the Kasikorn web site and compare the Thai script to find your bank in the drop down window in Thai Paypal, it's the second bank listed.
Select it, and next is a confirmation page, Kasikorn Bank is now in English.
Confirm the transfer and the next window informs you that it will take five to seven days for the transfer (a little longer than US PayPal, which is three to four days).
The bank account must be entered without the dashes.
This process should work with any Thai bank, so if you try this with one of these Thai banks please let a comment on this website:
ACL Bank, Bangkok Bank, BankThai, Bank of Ayudhya, Kiatnakin Bank, Krung Thai Bank, Mega International Bank, Siam City Bank, Siam Commercial Bank, Standard Chartered Bank, TMB Bank, Thanachart Bank, Tisco Bank, Union Overseas Bank UOB.
Read »
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Everybody Loves Somebody Sometime-Recorded by Dean Martin, 1964
‘Own only what you can carry with you; know language, know countries, know people. Let your memory be your travel bag.' - Alexander Solzhenitsyn
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Everybody Loves Somebody Sometime-Recorded by Dean Martin, 1964
‘Own only what you can carry with you; know language, know countries, know people. Let your memory be your travel bag.' - Alexander Solzhenitsyn
Friday, October 2, 2009
PayPal in Thailand
On a recent thread I posted that you can now open a PayPal account in Thailand. It is relatively easy to open the account. I opened mine using Bangkok Bank as my bank account. Part of the registration requires a credit card number. I used my Bangkok Bank debit card number and it was accepted.
PayPal makes a small deposit into your account. A security code is part of the deposit. I could not see the code with use of online banking, so I called Bangkok Bank and they knew exactly what I was asking for and gave me the code.
Now I had a confirmed account. In order to remove restrictions you need to upgrade to PayPal's Premium account. That was simple. One click of a button on the PayPal site and I was instantly upgraded.
If you are going to withdraw funds from your PayPal account by having them deposit your funds into your Thai bank account, they charge 50 baht if the withdrawal is less than 5000 baht. If it is greater than 5000 baht there is no charge.
After having done that, it was time for "proof of the pudding." PayPal's web site says it takes 5 to 7 business days for the deposit to go through to a Thai bank account. On Sunday night I transferred money from my PayPal account to my Bangkok Bank account. Today is Thursday. This morning, 9:00am I checked my account and the money I transferred had arrived.
So, not only does it really work, but it only took 3 business days.
That offers some alternatives. For example, if you have a Thai boyfriend, if he has a Thai bank account then you can have him open a PayPal account and transfer money to him via PayPal.
Also, if you hold a Thai bank account and wish to avoid those 150 baht ATM fees, then you can do as I did and transfer money from PayPal into your own Thai bank account, and then use your Thai ATM card when you are in Thailand. At any ATM in Thailand the fee for a withdrawal is usually 25 baht. If you are in the province where you opened your Thai bank account, then if you use your own bank's ATMs, there is no withdrawal fee at all.
Be advised that while PayPal issues a debit card of their own upon request, they do not issue a debit card based on a Thai bank account.
PayPal makes a small deposit into your account. A security code is part of the deposit. I could not see the code with use of online banking, so I called Bangkok Bank and they knew exactly what I was asking for and gave me the code.
Now I had a confirmed account. In order to remove restrictions you need to upgrade to PayPal's Premium account. That was simple. One click of a button on the PayPal site and I was instantly upgraded.
If you are going to withdraw funds from your PayPal account by having them deposit your funds into your Thai bank account, they charge 50 baht if the withdrawal is less than 5000 baht. If it is greater than 5000 baht there is no charge.
After having done that, it was time for "proof of the pudding." PayPal's web site says it takes 5 to 7 business days for the deposit to go through to a Thai bank account. On Sunday night I transferred money from my PayPal account to my Bangkok Bank account. Today is Thursday. This morning, 9:00am I checked my account and the money I transferred had arrived.
So, not only does it really work, but it only took 3 business days.
That offers some alternatives. For example, if you have a Thai boyfriend, if he has a Thai bank account then you can have him open a PayPal account and transfer money to him via PayPal.
Also, if you hold a Thai bank account and wish to avoid those 150 baht ATM fees, then you can do as I did and transfer money from PayPal into your own Thai bank account, and then use your Thai ATM card when you are in Thailand. At any ATM in Thailand the fee for a withdrawal is usually 25 baht. If you are in the province where you opened your Thai bank account, then if you use your own bank's ATMs, there is no withdrawal fee at all.
Be advised that while PayPal issues a debit card of their own upon request, they do not issue a debit card based on a Thai bank account.
Posted 17 September 2009 - 09:16 AM
Thursday, October 1, 2009
PayPal Philippines: Withdraw funds to your local bank account!
Posted on Jan 29, 2008 under Tips and Tricks |
Good news to all Filipinos! PayPal has added a new feature on their online services which will greatly benefit Filipinos and Indonesians. I received the official announcement just this morning although I was already informed by my husband and Issa a few days ago. So now, we can withdraw PayPal funds directly to our local bank account. Good news, right? But of course, you must have a verified PayPal account to do this.
Steps to add a bank account:
Log into your PayPal account then go to My Account Profile Add or Edit Bank Account then fill in the Bank Name, Account Number, and Bank Code.
Here’s a list of the official Bank Codes of Major Banks in the Philippines:
ALLIED BANKING CORPORATION - 010320013
AUSTRALIA NEW ZEALAND - 010700015
ASIA UNITED BANK - 011020011
BANGKO SENTRAL NG PILIPINAS - 010030015
BANGKOK BANK - 010670019
BANK OF AMERICA - 010120019
BANK OF CHINA - 011140014
BANK OF TOKYO - 010460012
BANCO DE ORO (& EPCIB) - 010530667
BANK OF COMMERCE - 010440016
BANK OF THE PHILIPPINE ISLANDS - 010040018
CHINA BANKING CORPORATION - 010100013
CHINA TRUST COMMERCIAL BANK - 010690015
CITIBANK N.A. - 010070017
DEVELOPMENT BANK OF THE PHILIPPINES - 010590018
DEUTSCHE BANK - 010650013
EAST WEST BANK - 010620014
EXPORT & INDUSTRY BANK - 010860010
FUJI BANK - 010640010
HONGKONG AND SHANGHAI BANK - 010060014
INTERNATIONAL COMMERCIAL BANK OF CHINA - 010560019
INTERNATIONAL EXCHANGE BANK - 010680012
JP MORGAN CHASE BANK - 010720011
KOREA EXCHANGE BANK - 010710018
INTERNATIONAL NEDERLAND BANK - 010660016
LANDBANK OF THE PHILIPPINES - 010350025
MAYBANK OF THE PHILIPPINES - 010220016
METROPOLITAN BANK & TRUST CO - 010269996
PHILIPPINE BANK OF COMMUNICATION - 010110016
PHILIPPINE TRUST COMPANY - 010090039
PHILIPPINE NATIONAL BANK - 010080010
PRUDENTIAL BANK - 010150018
PHILIPPINE VETERANS BANK - 010330016
RIZAL COMMERCIAL BANKING CORPORATION - 010280014
SECURITY BANK & TRUST CO - 010140015
STANDARD CHARTERED BANK - 010050011
UNITED COCONUT PLANTERS BANK - 010299995
UNION BANK OF THE PHILIPPINES - 010419995
UNITED OVERSEAS BANK - 010270189
These are the steps to follow to withdraw funds to your local bank account:
Step 1: Log into your PayPal account. Click the ‘My Account’ tab and then click the ‘Withdraw’ sub tab.
Step 2: Select the ‘Withdraw funds to your bank account’ option. For Philippine users, withdrawals equal or more than PHP 7,000 are free. For withdrawal amounts of less than PHP 7,000, there will be a fee of PHP 50.
Step 3: Select the bank account and amount to withdraw.
Step 4: Confirm the transfer.
WARNING: Make sure your bank information is correct or else your withdrawal will be returned and a fee amounting to 250 pesos will be charged.
More Info:
How long does it take for funds to reach my bank account?
It typically takes 5-7 business days. However, depending on your bank’s policies, it may take longer.
What currency will be transferred from my PayPal account to my local bank account?
Regardless of the foreign currency (USD, EUR, AUD, etc.) you are withdrawing from your PayPal account, the funds will be converted to your local currency.
:: Reference
Technorati Tags: PayPal, withdraw PayPal funds, PayPal account, Bank Codes, Major Banks in the Philippines, withdraw funds to your local bank account
Posted on Jan 29, 2008
Tips on How not to get your PayPal account LIMITED
« on: May 20, 2009, 05:12:32 AM »
Got this from PMT forum:
After reading over some threads, it's amazing the things people mention regarding paypal limitations. I use paypal on a daily basis, and have done for years - but I still hate it as a company. Unfortunately paypal has brainwashed so many people into making it seem like the ultimate payment method, it's so widely accepted. But, looks like it's monopolised the online payment world, so we need to get used to it.
Anyway, here are the main reasons why people get their accounts limited:
1. New accounts - All new accounts will be closely monitored, as paypal has no idea of who you really are, how reliable you are, and whether or not you are about to commit the largest fraudulent transaction in the past 20 years. If you've got a new account, I can't stress enough how important it is to try and let the account mature for a little. I've found 30 days is always good, similar to the maturity time for eBay accounts.
2. Non verified accounts - This is a biggie. If your paypal account is not verified, please don't think it WON'T get limited. Because it will. Any old sod could sign up for a paypal account without verifying it, so it's the easiest money laundering trick in town. Verifying your account shows paypal you are who you are, you own the bank account and credit card, and you live in the location you specify. Those who claim they cannot verify their paypal accounts are obviously doing something dodgey. Your best bet is to verify yourpaypal account as soon as you open it. I find the 30 day maturity period should be after the account has been verified.
3. Physical sign up location - Always sign up for a paypal account in the country it's registered to. For example, if your paypal address is a UK one, don't try and sign up in the US. This will give an immediate red flag to paypal, as the two locations are immediately contradicting eachother.
4. Using a proxy - This is another big no-no. It ties in with the physical sign up location. Not only does it show you're in a different location to where you say you are, but paypal CAN SEE it's a proxy you are behind. After all, someone trying to hide their real IP address will immediately raise suspicion. So avoid using a proxy at all costs.
5. Free email addresses - Not a big factor, but always something to try and avoid if possible. The idea that anyone can sign up for a free email address (hotmail, gmail, yahoo, hushmail, etc) gives one of anonaminity. If you can use your ISP email, then use it. Again it helps to show paypal you live in a fixed address with an internet connection of your own.
6. Withdrawal amounts - Probably the main reason most accounts will get limited. The amount you withdraw is very important. Think, someone signs up a new account, and withdraws £1,500 in the first week. A little dodgey, don't you think? It seems that regardless of the amount, paypal often limit on the first transaction. But for your first withdrawal, I would suggest not withdrawing more than £50. Give it a week or so, withdraw another £50, and then slowly creep up the amount by £20 or so. Likewise, don't go from withdrawing £50, to then withdrawing £600. This again will raise a flag, and is likely to get your account limited.
Can often be a good idea to WAIT to withdraw your funds. Don't scab them as soon as you've received them. Leave them in yourpaypal account for 2 weeks or so. This way it allows time for possible complaints to come in (which they probably won't), allows time for any potential packages to be delivered, and makes it seem like you aren't extremely urgent for your money. After this period is up, go for the withdrawal.
7. Linked details - Be aware - eBay and Paypal WORK TOGETHER. Any banned details (address, phone number, email address, bank details, credit card) on either ebay or paypal will always be banned. Try to use them again, and you will get a limitation. This also applies for IP addresses. Be sure you are not accessing your paypal account from an IP address linked to a suspended ebay orpaypal account. If you've been previously suspended by paypal, don't even bother trying to sign up again. You will have to get a friend or family to sign up for you instead.
8. Constantly changing details - Changing your details is offering your account for a rescreening. If you change your bank details, address, or credit card details constantly, this will ertainly arouse suspicion. Your account will then get limited so you can re-verify these details. The odd change won't harm, but be sure not to go overboard.
9. Complaints - Any complaint is not good news. If you have any outstanding complaints on your account, be sure to resolve them within due course. If you have several outstanding complaints, and you try to make a withdrawal - it's likely you will get a limitation. For all paypal know, you could need to refund £400 worth of payments, and you try to withdraw, and bugger off with the funds. It's not going to happen. Clearly not getting any complaints in the first place will be the easiest thing, but if you do, resolve them as quickly as possible.
Well, these are the main reasons why your account will get limited. Try and follow these guidelines, and it will certain decrease the chances of your funds being frozen. But, please let me say the following things:
The only way to unlimit your account is to provide paypal with the documents they ask for. Don't beat around the bush or make excuses.
Don't have receipts or invoices as a proof of purchase for your item? Don't worry. Take a photo of your outstanding stock, and they can verify this stage with such photos.
Well, that's about it. Thought I'd share this as so many people were coming out with odd things about why their account was limited. And one more thing. I've learnt this stuff from PAST EXPERIENCE, hence the reason I know it's all valid information. Ignore it if you wish, I'm just offering a helping hand.
Also, may I add ...
10. Do not send/withdraw EXACT AMOUNT of what you have just received IMMEDIATELY.
11. Do not leave your PayPal with ZERO BALANCE always.
12. Always be specific. Write in the "SUBJECT" line the purpose of sending the funds.
13. Never "test send" with PayPal funds. If there's a surefire way of getting your PayPal account get limited, then this is it! DO NOT ATTEMPT to send anything like 1 usd to someone and ask him to send it back to you at once. PayPal works! That's it! No need to test it. This is almost always the mistake of PayPal newbie.
14. Refrain from accepting funds from UNVERIFIED PAYPAL accounts. 7 out of 10 times, the funds will be questioned and put on hold by PayPal. This is in relation to Tip#2 - Non verified accounts, and this indeed is a biggie!
DISCLAIMER: These are just some tips we are sharing, based on our own and the experiences of other PayPal users only. This is NOT a guarantee, whatsoever. We just hope this may help you to avoid getting your PayPal account getting "limited" status.
http://forums.pinoybusiness.org/index.php?topic=31024.0
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