Most of anyone who has ever
dealt with PayPal for any decent amount of time would probably agree that
PayPal can really cause a lot of problems at times. PayPal really controls
everything you do with your business. They control what you sell on eBay, how
you sell it, and even the money that you get for selling it. PayPal practically
owns you if you use it to rely on your full income. As much control as you
think you have over your money when dealing with PayPal, they have even more.
PayPal can do whatever they
want, and nobody is going to do anything about it. Unfortunately for all of us
eBay users, there is nothing we can do. Not accepting PayPal as a payment
method is like committing eBay seller suicide. The chances of you succeeding
without PayPal are not very good. There are a couple different reasons that I
personally have a big problem with PayPal, and I am sure others will agree. The
first reason is because PayPal can do whatever they want with your money, and
you cannot control it. The next reason is that they can limit your account for
whatever they want, for however long they want. Having a limited account for a
long enough time can put you out of business.
Let me get into a little bit of
details with what I am talking about here.
Limited PayPal Account: PayPal
puts limitations on your account, usually leaving you limited to be able to
sign into your account and send money to your account. Very rarely you will be
able to still accept payments. Most of the time you will not be able to accept
payments to your PayPal account, and you will not be able to get any money from
your PayPal account.
You can see where the problem
can come in. When PayPal limits your account, they are pretty much closing your
online business until they feel like letting you open it back up. Your account
can be limited for months at times. Now imagine (and maybe you already are)
that you care making a living using eBay, and you get paid through PayPal. What
would happen if for a month or two you could not get any money out of your
PayPal account, and you could not accept any payments. That could cause a lot
of problems, and it would be all because of your PayPal account getting
limited.
Why will your account get
limited? Will they warn you before it happens?
Your PayPal account can get
limited for any reason at all. The last time my account was limited it was
because I was supposedly "linked" to another PayPal account that had
a negative balance. I had never heard of this person before and had no idea who
it was, but somehow I was linked to this account. My PayPal account was limited
for 41 day, even though whoever this person was brought their PayPal account
back to a positive balance after 3 days. PayPal just kept on coming up with
different reasons for my account to stay limited, and none of them made any
sense. Fortunately because of the techniques I use to avoid letting PayPal stop
my business from running (that I will tell you about shortly) I did not lose
any money at all. Of course, this was not the first time my account was
limited, and I have lost a lot of money because of PayPal in the past.
So you can see that PayPal
really does have control over your business and your money. There is however,
plenty of ways to avoid letting PayPal do this to you. There are two pretty
simple things that I do to make sure I have control over my business and my
money. The first thing I do is make sure that I NEVER leave money in my PayPal
account. I withdrawal from my PayPal account every single day. I also have a
PayPal debit card which makes it very easy to withdrawal my money right away.
The next thing I do to make sure that I will always be able to take orders from
customers through PayPal is to make sure I have access to multiple PayPal
accounts.
Now as far as the multiple
PayPal account technique goes, I do not want to tell you what to do with that
because I have been told that the method I am using to have multiple PayPal
accounts will eventually catch up with me, and they will all get linked and
closed. I never want to send you in the wrong direction, but you get what I am
saying. The point is that you never want to leave money in your PayPal account,
and you always want some other way to accept payments through PayPal even if
your main account gets closed.
I also just started reading a
guide that shows exactly how to get around all of my eBay and PayPal problems
without having multiple accounts and worrying about the money in my account. I
have been told that the techniques in this book are great. Once I get finished
reading it I will be writing an article about it. I will not however, disclose
the too much of the information that is in the book out of respects for the
author. You can check out this book here, it is highly recommended personally
by me. It will save you a LOT of money throughout your eBay career, along with
an unlimited amount of frustrations.
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