Internet Marketing Tips – How To Keep PayPal From Freezing Your Funds
I’ve been with PayPal for over seven years now, at least. I actually signed up with them long before I ever became an Internet marketer. One question that gets asked a lot is this one. “Will PayPal freeze my funds now that I have a lot of money coming in?” Then of course there are those who have already had their funds frozen and they come asking for help. Well, this article is going to hopefully make it so that you won’t have to worry about having your funds frozen.
Okay, why do people have their funds frozen in the first place? I mean, it’s not like PayPal just arbitrarily decides to freeze somebody’s account. They don’t work that way. They DO freeze accounts for a reason. Question is, what reason? Well, there are two main reasons why this will happen to somebody.
At the top of the list is a sudden increase of cash flow, not just in but going out as well. Imagine this scenario. You have a PayPal account. It’s six months old. You’ve been making about $500 a month for the last five months and then all of a sudden in month six, you bring in $20,000. Do you not think that PayPal is going to get a little suspicious? I know I would. Where did all this money suddenly come from? Then, in addition to that, you’re immediately taking the money out of your account and/or sending it off to some third party who happens to live in Egypt or some third world country. Yeah, red flags are going to go up all over the place. That’s one reason accounts get frozen.
Another reason accounts get frozen is because of suspicious activity or unusual activity. For example, you’re logging in from the US for five years and then all of a sudden you’re logging in from England. Yeah, you forgot to mention that you were going on a trip or even moving. Maybe you’ve gotten some sales come in from other accounts that are on PayPal’s watch list as being suspicious. Maybe you’ve gotten a large number of refunds quickly. Any of these things can trigger PayPal’s warning flags.
Okay, so what can you do about it? Well, in the case of sudden refunds, not much. But since this is a rare case anyway, I wouldn’t worry too much about it. As for the increase of funds coming in, certainly you have to suspect this is going to happen, especially if you are doing a product launch. So what do you do?
Pick up the phone and call PayPal.
They are VERY helpful, believe it or not. Simply tell them that you are doing a product launch and about how much money you expect to come in and you can stop worrying about being frozen. They’ll put a note on your account and all will be taken care of. If you’re going on a trip, tell them. That way they’ll know why you’re logging in from another location.
All these funds freezing problems can be prevented by simply picking up the phone.
Yeah, who would have thought that it could be THAT easy?
To YOUR Success,