Sep 17, 2013, 2:42 pm
Last edit by: sechs
Paypal MyCash $500 daily load limit resets after 12:00am EST
Paypal MyCash $4000 per calendar month load limit resets after 3:00am EST
An additional $4000 per month can be loaded using Greendot Moneypaks. See the Moneypak thread for issues with these. Limit purchases to no more than 2 x $500 at a time.
To get a live PayPal MyCash representative, call 1-855-721-5035, press 1 to all the voice prompts until it asks you for your PIN, and then press 0#, 0#, and 0#.
If you are getting error code 26 when loading MyCash to your account:
Paypal MyCash $4000 per calendar month load limit resets after 3:00am EST
An additional $4000 per month can be loaded using Greendot Moneypaks. See the Moneypak thread for issues with these. Limit purchases to no more than 2 x $500 at a time.
To get a live PayPal MyCash representative, call 1-855-721-5035, press 1 to all the voice prompts until it asks you for your PIN, and then press 0#, 0#, and 0#.
If you are getting error code 26 when loading MyCash to your account:
- Login to Paypal on a computer, not phone
- Go to settings (it is the gear)
- Choose selling tools on the left
- Scroll down to: Block payments -- Limit payments, add instructions, and more -- and choose update
- On the page "Payment Receiving Preferences" select the first radio button, "For the items not sold on eBay, Only allow payments from the users with confirmed address."
- Be sure that NO is chosen
- Save and you are done
All things PAYPAL [2013-2014 Master Thread]
Jan 13, 2013, 9:34 pm
#61
Join Date: Oct 2012
Posts: 970
I've loaded PP with PP cards from CVS before, but I don't really know what to do with them? I've read too many horror stories of accounts being shut down after transferring funds to bank account even >1 month later. I've used PP with Ebay for about a decade now so I have good history, but some of the reports out there by people who've gotten burned are also veterans of PP (assuming they're true). I've thought about transferring funds to someone (like my sister, who has a different last name and home address) with PP, and then having her transfer funds to me via AP. Any reason I'll run into problems with this?
Worked fine for the first $3K. Then account suspension - no warning. Asked for "more information" which I submitted, yet they never reopened the account (I don't think any amount of information would get the account reopened - they were simply trolling for more personal information - and I was naive to comply - hadn't done anything wrong, so why would I think my account would be suspended?). To be azzwipes, they reversed my last $500 transfer and are holding for 180 days.
Even though I've dealt with PP for years and had the usual hassles (and read other horror stories), I thought their actions draconian and unwarranted - why not give a warning first? It's piss poor customer relations, as usual. If Amazon got their act together, they could crush eBay if they opened up an auction site - you'd see mass exodus.
My advice, if you get account suspension for PP reload activity, and they ask for more details, forget it - just move on. You can open another account anyway (or at least I have been able to). But no PayPal reloads ever again for me - just a royal PITA.
Jan 14, 2013, 10:24 am
#62
Join Date: Sep 2012
Posts: 4,431
Well, I was one of those horror stories (although not so bad as compared to others). I blithely loaded $3K PP reloads on to my PP account and then transferred to bank accounts (had $4K monthly limit, so should be fine, right?).
Worked fine for the first $3K. Then account suspension - no warning. Asked for "more information" which I submitted, yet they never reopened the account (I don't think any amount of information would get the account reopened - they were simply trolling for more personal information - and I was naive to comply - hadn't done anything wrong, so why would I think my account would be suspended?). To be azzwipes, they reversed my last $500 transfer and are holding for 180 days.
Even though I've dealt with PP for years and had the usual hassles (and read other horror stories), I thought their actions draconian and unwarranted - why not give a warning first? It's piss poor customer relations, as usual. If Amazon got their act together, they could crush eBay if they opened up an auction site - you'd see mass exodus.
My advice, if you get account suspension for PP reload activity, and they ask for more details, forget it - just move on. You can open another account anyway (or at least I have been able to). But no PayPal reloads ever again for me - just a royal PITA.
Worked fine for the first $3K. Then account suspension - no warning. Asked for "more information" which I submitted, yet they never reopened the account (I don't think any amount of information would get the account reopened - they were simply trolling for more personal information - and I was naive to comply - hadn't done anything wrong, so why would I think my account would be suspended?). To be azzwipes, they reversed my last $500 transfer and are holding for 180 days.
Even though I've dealt with PP for years and had the usual hassles (and read other horror stories), I thought their actions draconian and unwarranted - why not give a warning first? It's piss poor customer relations, as usual. If Amazon got their act together, they could crush eBay if they opened up an auction site - you'd see mass exodus.
My advice, if you get account suspension for PP reload activity, and they ask for more details, forget it - just move on. You can open another account anyway (or at least I have been able to). But no PayPal reloads ever again for me - just a royal PITA.
Jan 14, 2013, 11:20 am
#63
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,475
Is there anyway to automatically set paypal to send all funds in my account to my checking account?
Jan 14, 2013, 11:50 am
#64
Join Date: May 2011
Location: Ann Arbor
Programs: Delta GM, Hilton
Posts: 192
It seems that I have been pretty lucky with paypal. I did get my account frozen once when I tried to transfer $2,500 worth of PayPal My Cash funds to my bank account, but after submitting the required information, my account was was unlocked within one day. After that experience though, I'm just going to stick to Vanilla Reloads.
Jan 14, 2013, 11:52 am
#65
Join Date: Sep 2007
Location: Chicago
Programs: AA, BA, CX, DL, EK, F9, GA, HA, IB, JL, KE, LH, MH, NH, OS, PG, QR, RJ, SA, TG, UA, VN, WN, ZH
Posts: 927
It seems that I have been pretty lucky with paypal. I did get my account frozen once when I tried to transfer $2,500 worth of PayPal My Cash funds to my bank account, but after submitting the required information, my account was was unlocked within one day. After that experience though, I'm just going to stick to Vanilla Reloads.
Jan 14, 2013, 3:06 pm
#66
Join Date: Feb 2011
Location: CVG
Programs: Hyatt Giraffe
Posts: 1,664
Just out of curiosity, has anyone tried the paypal savings account? I'm about to do a 5 digit deposit to test out their 5% APY.
Jan 14, 2013, 5:52 pm
#67
Join Date: Jun 2012
Location: texas
Posts: 85
Good info, thanks! I was afraid to transfer as well...I wonder why one category doesn't have a fee and the other does.
Jan 14, 2013, 8:15 pm
#68
Join Date: Sep 2012
Posts: 4,431
So transfer from the PP account balance as "gift" are free? But if I want to pay a "gift" to someone via credit card, that gets charged 3%? I guess that makes sense.
Jan 15, 2013, 10:18 am
#70
Used to be garyjr316
Join Date: Feb 2011
Location: LAX or SBA
Programs: AAdvantage, MileagePlus, Gold Passport, Hilton HHonors, Marriott
Posts: 800
Does anyone have any knowledge if Walgreens stopped allowing CCs to purchase Paypal reloads as well? Or was it just the VR's?
Jan 15, 2013, 12:30 pm
#73
Join Date: Oct 2012
Posts: 970
Sorry, but that is an idiotic comment. We aren't laundering. We are churning. Massive difference. One is illegal. The other isn't.
The CC companies could put a stop to this in a nanosecond by lowering bonus categories. They could then lower Annual Fees and interest rates. But the CC companies don't. Now why do you suppose that is? Hint: It has to do with lots and lots and lots of profit$ under the status quo...
Jan 15, 2013, 12:46 pm
#74
Join Date: Mar 2010
Posts: 41
I was looking from a PayPal perspective. Their fraud ques are lined with this type of activity. Funds entering and exciting quickly with no purchases and straight to a bank or spouses account is highly suspicious. Just saying. Technically it's not money laundering but fraudsters do the same thing.
Jan 15, 2013, 12:51 pm
#75
Join Date: Jul 2011
Programs: UA,SPG,Carlson,Hertz
Posts: 151
According to Merriam Webster dictionary, the definition of laundering is
"to transfer (as illegally obtained money or investments) through an outside party to conceal the true source."
Cite the evidence(s) to support your observation.