Withdraw money from limited Paypal account?
May 20, 2008
A limited PayPal account is an account with restricted access to Paypal funds. Normally, a limited account:
- cannot send or withdraw funds
- cannot close and terminate account
- has limited view of transaction reports
- sometimes unable to receive incoming payments
Paypal provides instructions on how to lift the limit placed on the account and this usually includes sending verification documents to confirm the identity of the account holder.
(More of how to solve a limited Paypal account in our next article.)
What recently caught my attention, however, was a Google advertisement that showed up in my Gmail inbox. The ad proclaims:
I BUY limited Paypal funds
My fee is 50% of account balance
Accounts limited over 180 days only
The ad links to a Blogspot blog: http://limitedpaypal1.blogspot.com which contains the following proposal:
Withdraw money from a limited paypal account
All PayPal accounts from all countries and under any name can use my service.
I will provide you with bank info to withdraw the funds.
In order to withdraw the funds your paypal must be limited for over 180 days now.
Why should you trust me?
Customers always ask this. Well I want to work with you in future.
and if you have more than one limited account then we will take this one account at a time.How long will it take?
it should take 3-5 business days to withdraw the funds, and I send money to you via Western Union on Thursdays
Personally I would be wary to deal with this person but, at the same time, I’m interested to know how he can help withdraw funds from a limited Paypal account.
What I want to know:
- Can funds be withdrawn without the owner having to send verification documents to Paypal?
- How can this be done considering that Paypal requires the bank account name to be similar to the Paypal account name?
- Why the condition that the account must be limited for more than 180 days?
- In the extraordinary event that the funds were indeed withdrawn, how can the owner be sure that his share of the funds will indeed be paid to him?
- Isn’t this illegal?
I have this feeling that the offer is a scam and merely a ploy to dupe account holders.
Anyway, if you have a limited Paypal account and are willing to risk just to attempt to withdraw your stuck funds, contact the person making this offer (email address: ppbuyer@gmail.com). Let us know what happens. Good luck!
August 23rd, 2009 at %I:%M %p
i would just like to let everybody know this is a scam!!!!1
after 180 days you may withdraw the funds to any bank account
and there is no guarantee that you will recieve your share!!!!!
do not fall for scams like this
September 16th, 2009 at %I:%M %p
Hi.
How can you’re help me to withdraw money from my limited paypal over 180 days?
Thanks
October 13th, 2009 at %I:%M %p
I have a problem with the limitations that my Paypal account has. It says that it has found unusual charges linked to my bank account. I already settled all the requirements and this is what I get? They don’t even understand my situation even when I ask them how to solve the unusual charges that I incurred from my bank. It’s an EON account, Union Bank.
And it is limited for 180 days. Geez. That’s like 3 months. Grrr!
I have to wait for that lift, or will it ever be lifted?
Thank you very much.
November 24th, 2009 at %I:%M %p
jst wana ask if i can withdraw my money from paypal worth $110. coz on the website wer i work it says there that i should met the $10,000 account before i can ask for payment. can i withdraw even if jst $110?
December 30th, 2009 at %I:%M %p
It’s illegal, and he/she require 180 days, because after 6 months (180 days) you can withdraw your money yourself from the account.
Basically he takes you 50% for something you can do: withdraw the money after 6 months.
January 15th, 2010 at %I:%M %p
3.Why the condition that the account must be limited for more than 180 days?
-If you have a limitation that requires that your funds be held for 180 days, this is what we like to call PARTING WAYS, this means that you run a business that paypal is unable to verify or a business that they feel is too risky. They’re basically going to hold your funds for 180 days as security so that if any of your buyers file a chargeback with their credit card, they still have the money held in your account to give back. why 180? Because US buyers have 180 days from the date of purchase to dispute or file chargebacks on any payments that have gone through their credit cards, debit cards, bank accounts..
February 28th, 2010 at %I:%M %p
In my experience, I have withdrawn my money from my limited paypal account. The account was limited a long time ago, and it had all my legitimate information and bank account, including an old credit card that I had canceled when I got limited. My account was limited for no fault of mine, it was someone else’s doing trying to send me funds from hacked paypal accounts. After several attempts of calling paypal and providing my documents they still decided to close my account. So anyway, I have received numerous emails about my funds being eligible for withdrawal but I just disregarded them because I didn’t want anything to do with paypal anymore. One day, however, I needed cash so bacd that I tried to login to that old limited account and withdraw the funds to the bank account I had on file. Luckily, it was still an active bank account although it had been zero balance for a while. After about a week, I did get the cash in my Phil. bank account and I was so glad I got it. I still do not want to use paypal anymore because it’s very prone to abuse and you might end up losing your own money and account even though you did not do anything wrong yourself.