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 15, 2013, 12:53 pm
#76
Join Date: Nov 2012
Posts: 657
it is not money laundering because it is legit money but it is a very similar practice.
Jan 15, 2013, 1:05 pm
#77
Join Date: Aug 2010
Posts: 327
) and who in the right mind would buy these with cash / load it to paypal /transfer to bank, instead of putting cash right in the bank !
Jan 15, 2013, 10:55 pm
#78
Join Date: Jul 2012
Location: PDX
Programs: United, SPG, Hyatt
Posts: 167
My local Rite Aid lets me buy GreenDot reload cards on CC. And those load right into PayPal.
Last edited by julp; Jan 15, 2013 at 10:57 pm Reason: consolidation
Jan 19, 2013, 8:15 pm
#79
Join Date: Nov 2009
Location: ORD
Programs: UA Silver, HY Diamod, MR Gold, PCR Plat
Posts: 124
Will paypal issue 1099 for paypal cash load?
Jan 19, 2013, 8:53 pm
#80
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
Jan 20, 2013, 11:06 am
#81
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
Right, as long as you transfer a "gift" from your existing paypal balance or checking account it's free, since there's very little cost to PayPal. Credit Card transactions cost them dearly, so they charge you for it. Not sure why they charge for "purchases" using an existing PP balance... that's just greed. :
Jan 20, 2013, 11:55 am
#82
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
I know you are all talking about churning here, which is why PP is shutting you down (you're using prepaid cards to deposit the cash) but does the same apply for just transfers to yourself? I have Canadian and US accounts, 2 different emails, one linked to a bank in Canada, one to a bank in the US. My name is the same on both but different addresses. My last name is not a common one, like a Mary Smith type name that might not get noticed. I did it to be able to transfer money from Canada to my US bank without wire fees. I pay the US PP account from my Canadian PP account (funded by my Canadian bank account) then transfer the money out to my US bank. Are they going to shut me down for this? How many times can I get away with it? I am not talking huge amounts here, maybe around $2,000 or so at a time. If I leave the money in US PP for a period of time before transfering out, does that help?
Jan 20, 2013, 1:47 pm
#83
Join Date: Jan 2013
Posts: 162
i'm surprized they didn't shut you down the first time you transfered 2k via paypal. holding the money in PP will help slightly. but then again, if you made a mistake that doesn't trigger your account to get frozen right away, you could end up with money stuck there...
Jan 20, 2013, 5:16 pm
#84
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
i'm surprized they didn't shut you down the first time you transfered 2k via paypal. holding the money in PP will help slightly. but then again, if you made a mistake that doesn't trigger your account to get frozen right away, you could end up with money stuck there...
Jan 21, 2013, 6:16 am
#85
Join Date: Jan 2012
Posts: 267
PP to lighten up
There is supposed to be a policy change at PayPal. They say they want to loosen up the reins on holding money when they con not verify accounts. I am not sure if this will also work when an account is frozen for not using per T&Cs?
http://money.cnn.com/2013/01/21/tech...source=cnn_bin
http://money.cnn.com/2013/01/21/tech...source=cnn_bin
Jan 21, 2013, 6:41 am
#86
Join Date: Jan 2010
Posts: 1,708
Sounds like they are just trying to address some recent bad publicity. The scenarios described in the article show why it is a good idea to keep your paypal balance low. Don't keep anymore money there than you wouldn't mind not having access to for 180 days anyway.
Jan 21, 2013, 7:01 am
#87
Join Date: Jan 2012
Posts: 267
That's for sure. PP is the low and slow manufacturer. You do not want to get caught up in one of their FRs. I have been using them for about 2 mths now and I only due about $1,000/mth and always leave a small balance. I use them for other buys on the net when I know I will get little to no points. I have been thin king about getting their debt card. I need to do a little more research though.
Jan 21, 2013, 7:09 am
#88
FlyerTalk Evangelist
Join Date: Sep 2003
Location: HH Diamond, Marriott Gold, IHG Gold, Hyatt something
Posts: 33,539
I don't think that PP is a world recognized abbreviation. If you can't even use Paypal as the thread topic, why bother?
Jan 21, 2013, 6:46 pm
#89
Join Date: May 2011
Programs: AA, SPG, HERTZ, BA, UA, CO, JB
Posts: 289
By mistake I got the prepaid paypal debit from cvs thinking I can load up on paypal. So the fee charged at purchase was 4.95 then they charged another 4.95 monthly plan fee next day. I immediately asked for a refund as it's crazy for them to charge $9.90 before I even start using the card.
Jan 21, 2013, 10:06 pm
#90
Join Date: Jul 2012
Location: PDX
Programs: United, SPG, Hyatt
Posts: 167
I've only done it once so far with a small amount ($250), as a test to see if there were any fees as that was my cunning plan to get around wire fees. I was planning to start transfering in lots of $2,000 or so maybe every 6 months and searched for this thread to see if there would be any problems. Seems like it's not going to be the answer from everything I have read here and I don't want my account shut down as I need it for other things.