View Single Post
Old 09-07-2010, 11:42 PM  
theking
Nice Kitty
 
theking's Avatar
 
Industry Role:
Join Date: Sep 2002
Location: The good old USA!!!
Posts: 21,053
Quote:
Originally Posted by Barefootsies View Post
When using PP to receive payments for a service.

1. Receive the money for SERVICE
2. Transfer the money out and to your own checking account.
3. Pay for things via your credit card, debit card, or something else not PP related.

If you receive a payment, say from a client, and then you immediately send out a payment to someone else for something (like design) they will flag you as high risk/money laundering. This is getting a lot of people's accounts closed in accordance with anti terrorism, and money laundering laws.

So to avoid this, you need to transfer the money to your own account, and then pay via some other form of personal payment Paypal can't see. This way, if you were to pull a fraud, PP could then claim the money from your personal bank account. Where as, if you transfer out immediately, they can't do shit and they lose the money.

I am sure many have made this same exact error I did. So now you know.
Not the sharpest knife in the drawer...now are you?
__________________
When you're running down my country hoss...you're walking on the fighting side of me!

FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html
theking is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote