PayPal accounts can become limited without warning because the company will sometimes want to verify its members’ information. Typically though, an account becomes limited for suspicious activity. This could happen to your account, even though you aren’t doing anything bad or suspicious. Don’t be alarmed if it happens to you because people get their accounts limited all the time and then de-limited within a day or two. On that note, here are some tips for avoiding a limited PayPal account.
Keep thorough records of your eBay items and shipping.
Selling on eBay is a big trigger for PayPal accounts being limited on a semi-regular basis. Before you can get your account back, you will have to show PayPal that you have shipped and delivered items. Other than that, you might need to provide receipts for items or information for suppliers. You will find yourself out of luck if you don’t have any of this information. Therefore, you should keep very detailed records of everything that you buy and sell on eBay to guarantee that nothing goes wrong. Your shipping and delivery confirmation receipts are the key to keeping your account in your possession.
Try not to transfer large sums of money all the time.
A big trigger for limited accounts revolves around large money transfers on a regular basis. Obviously, PayPal might think that you are trying to scam a bunch of people and close your account. They will limit your account if you constantly get large sums of money and then withdraw them right away. With that in mind, you should try to withdraw your money in smaller sums. Also, you need to make sure that you confirm your debit card purchases (if you have a PayPal card) by phone whenever you get that call. Large money transfers trigger limits on accounts, so you should avoid them unless absolutely necessary.
If you use eBay, then watch what you sell.
For selling on eBay, certain items will trigger account limits more often than others. Electronics and expensive items are big sales on the radar, so you might find your account limited quickly if you are selling expensive items. You won’t have any troubles if you are shipping these items quickly, but you should be aware that they trigger limits more often than other items. No, you don’t have to stop selling expensive items, but you had better have evidence of delivered goods at all times.
Avoid constant refunds or transaction withdrawals.
Reversing transactions or giving a lot of refunds can be a big sign for PayPal that something is up. Therefore, you should watch out how often you do these things. Limits will be placed on your account if you are constantly refunding people or reversing your transactions. Of course, you should dispute any transactions that you need to or refund someone if they want their money back for whatever. Just don’t make it a common occurrence or PayPal will become suspicious.
Keep your personal information accurate.
When an account is limited, PayPal will ask you to verify your name and address pretty much every time. Obviously, you can’t confirm this information if you didn’t use accurate information when you signed up for your account or if you falsified it later. You have to keep your information up-to-date and accurate. There is nothing to lose if you are a legitimate person using PayPal. Otherwise, you may never be able to remove a limit on your account.
Limited accounts can be a nightmare sometimes.
For some people, a limited account can become a permanent thing. PayPal can be really stingy with limited accounts, whether or not a person did anything wrong. Obviously, we have all heard of those nightmarish stories involving PayPal account holders. You don’t want to lose your money or have your account access blocked, so you should do everything in your power to keep your account in good standing.
For more information, visit PayPal.