They also told me that there were no limits on my account whatsoever and that I could process as much money as I wanted to in any given day. Why Paypal May Limit Or Freeze Your AccountĪfter talking to my Paypal rep for over 30 minutes, they reassured me that it’s extremely rare that they ever place holds on user accounts. So, I decided to call my dedicated account manager at Paypal to get the story straight and here’s what I found out.Įditor’s Note: Here are some Paypal alternatives in case you are fed up with Paypal. In the case of my online store, the revenue we receive is pretty steady and consistent from month to month but occasionally we get spikes of revenue when we hold a sale. It seems as though Paypal doesn’t like seeing huge spikes in money being received into your account. The other blogger had over 40K in funds frozen for 180 days. For one of them, Paypal limited their account by only allowing them to process $10,000 per day. In both cases with my blogging buddies, they had their accounts frozen after a big product launch. However, I do have a few fellow blogging friends that have had their accounts frozen for no reason so I asked them for their side of the story.
In other words, once your account is frozen, you are pretty much screwed.Īll of the stories that I’ve read online are from people that I don’t know personally or from people that I’ve never heard of before so I’ve been taking them with a grain salt. Most of the complaints I’ve come across seem to indicate that Paypal will rarely hold your funds for longer than 6 months, but 6 months can be a long time if you need access to your money.Īnd once they freeze your funds, it doesn’t make sense to continue accepting money through Paypal if you can’t access it.
Most of the horror stories I’ve read about Paypal through surfing the web have to do with Paypal randomly limiting accounts or freezing funds. After all if you can’t process credit cards, you can’t make any money.
#Bad eggs online 2 accounts with forever pro full#
In the interest of full disclosure, I use Paypal Website Payments Pro to accept payments for my online store and I’ve never had any problems with them in 4+ years.īut the fact that so many readers have such strong anti-Paypal sentiments made me a little paranoid about my business. The above quote was just one of many emails I received in the past few months since my article went live. I couldn’t access over 20k in my account which I needed to pay my bills! After being a loyal customer for over 3 years, one day they decided to place a 6 month hold on my money for no reason. Having used both services in the past with no problems whatsoever, I was very surprised to hear the overwhelming negative feedback towards Paypal. In fact, I’ve never encountered such strong anti-feelings for any service before. A few months ago, I posted an article about Paypal Website Payments Pro Vs Authorize.Net where I provided a detailed comparison of two different credit card processing solutions.Īnd almost immediately after posting it, I started receiving an abnormally large amount of email feedback from Paypal haters.
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