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jaieger · 03-15-2011, 08:01 AM

So, to the chase: I'm under 18 (though only for 5 more months

), but I recently sold something on craigslist (thanks to those who helped me out with that, too). I shipped it to them and they paid me via paypal without a hitch.

However, I'm now trying to figure out how I can get the money into my own hands and out of paypal's, but I'm not sure how I can go about doing that.

1) I would just get my bank info and directly withdraw it, but I'm paranoid that if they cross check my information, they'll find that I'm under 18 and freeze my account for 6 months or whatever

2) I could make a new account and send it to that, link that with my mom's name (current one is linked to my name) and send it off to her bank account through that. Only thing is paypal might be all suspicious that a 30 second old account is receiving $300...

3) The best option I'm looking at is if my sister/her boyfriend have a paypal account that I can send it off to, but that's a pretty big if....

So, any help is very much appreciated! Thanks (:

JohnBee · 03-15-2011, 08:10 AM

I see no reason why putting in your bank info would reveal your age.

Coeurdechene · 03-15-2011, 08:17 AM

If you are scared you can always keep that money there to buy another lens

...
The thing is that i don't think your bank will send any kind of personal info to paypal.You'll give your bank account and paypal will deliver the money (i'm pretty sure they don't check every single transaction so relax and enjoy your money

).

eddie1960 · 03-15-2011, 08:41 AM

Originally posted by Coeurdechene

If you are scared you can always keep that money there to buy another lens

...
The thing is that i don't think your bank will send any kind of personal info to paypal.You'll give your bank account and paypal will deliver the money (i'm pretty sure they don't check every single transaction so relax and enjoy your money

).

+1 on this. I doubt the bank can even release your personal info due to various laws without written permission from you

I'd likely spend it on another lens before i even got it out lol

RioRico · 03-15-2011, 12:44 PM

Money flows (or dribbles) into and out of my PayPal account, but rarely as cash. Cash? What is this stuff called cash, or effectivo? Anyway, I sell stuff, and money moves in. I buy stuff, and money moves out. Some sold items need to be shipped, but shipping might not be payable online (USPS 1st Class International, for example), so I run up a credit-card charge -- which account I then reimburse with a transfer from PayPal. Whatever is left in the PayPal balance will pay for more goodies. LBA, me? Of course not...

[/me fondles ~200 lenses, glances about greedily]

Anyway, no, your personal info won't be communicated. Probably. The financial community has bigger fish to fry, as it were. But just to be safe, keep your money within PayPal till your b'day. Buy more stuff. Sell more stuff. Make the world go 'round.

jaieger · 03-15-2011, 02:35 PM

Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40.

The funds from those 2 add up to.... /drumroll

FA43.

But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (:

ryan s · 03-15-2011, 03:27 PM

Originally posted by eddie1960

I'd likely spend it on another lens before i even got it out lol

The last few months this has been a huge problem for me :ugh:

"Oh, well I'll just leave the money in there to pay my phone bill today." Buy a lens instead

Originally posted by jaieger

Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40.

The funds from those 2 add up to.... /drumroll

FA43.

But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (:

Depending on what "account type" you have (Merchant, Personal etc) you can only move so much money through PP per month. $500 may be creeping up on that limit for a Personal account so you may want to verify that. I think that's for receiving money only...don't think there's a limit on paying (since PP loves collecting fees from the receiver).

eddie1960 · 03-15-2011, 04:05 PM

Originally posted by jaieger

Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40.

The funds from those 2 add up to.... /drumroll

FA43.

But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (:

or used fa43 via paypal and change for more

krp · 03-15-2011, 04:14 PM

I didn't know you have to be 18 to use Paypal. I'm your age and I've had an account since I was 13.

gokenin · 03-15-2011, 04:14 PM

Can you pay using paypal at either Adorama or B&H? if you can just leave it with them until you are ready to buy the 43mm.

RioRico · 03-16-2011, 05:17 PM

Originally posted by ryan s

Depending on what "account type" you have (Merchant, Personal etc) you can only move so much money through PP per month. $500 may be creeping up on that limit for a Personal account so you may want to verify that. I think that's for receiving money only...don't think there's a limit on paying (since PP loves collecting fees from the receiver).

I have a personal account. I have had no trouble receiving over US$1000 in one month. I have seen nothing about limits. Yes, PP loves you when you spend/send money. PP also loves you when you receive money, because they take a cut of that too, straight from your pocket. PP probably must report USA transactions of US$10,000 or more -- that's USA law. But the more money you send and/or receive, the more money they make. Where did you see anything about limits?

jolepp · 03-16-2011, 06:03 PM

I seem to recall there are limits on "unverified" accounts, these were kind of high though and I'd rather keep spoon feeding the account with local bank transfers than give them a way to charge me directly. This probably means I won't be selling anything on ebay either. The trouble with them is that even a $2 item not received issue can get impossible to straighten out like so: I order and pay a $2 item, in a couple of weeks there is a unpaid-item case, I provide paypal email receipt, case closed, but I get no item, refund, nor even change to leave feedback to the seller (the normal interface for feedback or opening a dispute of my own has been disabled for this item since the bogus unpaid item case). Emails to them where I try to explain the situation and invoke buyer protection have no effect.

ryan s · 03-17-2011, 10:46 AM

Yep, unverified accounts can only withdraw $500/mo https://www.paypal.com/helpcenter/main.jsp;jsessionid=vz13NCLNH7gyk7sMv7p8pX...rInstance=9016

They don't say how much you can send using your unverified PP account (besides the federal $10k number) https://www.paypal.com/helpcenter/main.jsp;jsessionid=vz13NCLNH7gyk7sMv7p8pX...rInstance=9016

Kaufeetime · 03-18-2011, 11:45 AM

Does Pay Pal write checks and mail? If so that would be an option.

jaieger · 03-20-2011, 07:17 PM

Thanks very much to all your help/comments, it's worked out perfectly : D

03-15-2011, 08:01 AM	#1
jaieger Veteran Member Join Date: Jul 2010 Photos: Gallery \| Albums Posts: 586	Have I dug myself into a hole? (Paypal question) So, to the chase: I'm under 18 (though only for 5 more months ), but I recently sold something on craigslist (thanks to those who helped me out with that, too). I shipped it to them and they paid me via paypal without a hitch. However, I'm now trying to figure out how I can get the money into my own hands and out of paypal's, but I'm not sure how I can go about doing that. 1) I would just get my bank info and directly withdraw it, but I'm paranoid that if they cross check my information, they'll find that I'm under 18 and freeze my account for 6 months or whatever 2) I could make a new account and send it to that, link that with my mom's name (current one is linked to my name) and send it off to her bank account through that. Only thing is paypal might be all suspicious that a 30 second old account is receiving $300... 3) The best option I'm looking at is if my sister/her boyfriend have a paypal account that I can send it off to, but that's a pretty big if.... So, any help is very much appreciated! Thanks (:

03-15-2011, 08:17 AM	#3
Coeurdechene Veteran Member Join Date: Oct 2010 Location: madrid Photos: Albums Posts: 833	If you are scared you can always keep that money there to buy another lens... The thing is that i don't think your bank will send any kind of personal info to paypal.You'll give your bank account and paypal will deliver the money (i'm pretty sure they don't check every single transaction so relax and enjoy your money).

03-15-2011, 08:41 AM	#4
eddie1960 Veteran Member Join Date: Aug 2010 Location: Toronto Photos: Gallery \| Albums Posts: 13,667	Originally posted by Coeurdechene If you are scared you can always keep that money there to buy another lens... The thing is that i don't think your bank will send any kind of personal info to paypal.You'll give your bank account and paypal will deliver the money (i'm pretty sure they don't check every single transaction so relax and enjoy your money). +1 on this. I doubt the bank can even release your personal info due to various laws without written permission from you I'd likely spend it on another lens before i even got it out lol

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03-15-2011, 08:10 AM	#2
JohnBee Veteran Member Join Date: Sep 2008 Location: Newrfoundland Photos: Albums Posts: 4,667	I see no reason why putting in your bank info would reveal your age.

03-15-2011, 12:44 PM	#5
RioRico Veteran Member Join Date: Jun 2008 Location: Limbo, California Posts: 11,263	Money flows (or dribbles) into and out of my PayPal account, but rarely as cash. Cash? What is this stuff called cash, or effectivo? Anyway, I sell stuff, and money moves in. I buy stuff, and money moves out. Some sold items need to be shipped, but shipping might not be payable online (USPS 1st Class International, for example), so I run up a credit-card charge -- which account I then reimburse with a transfer from PayPal. Whatever is left in the PayPal balance will pay for more goodies. LBA, me? Of course not... [/me fondles ~200 lenses, glances about greedily] Anyway, no, your personal info won't be communicated. Probably. The financial community has bigger fish to fry, as it were. But just to be safe, keep your money within PayPal till your b'day. Buy more stuff. Sell more stuff. Make the world go 'round.

03-15-2011, 02:35 PM	#6
jaieger Veteran Member Join Date: Jul 2010 Photos: Gallery \| Albums Posts: 586 Original Poster	Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40. The funds from those 2 add up to.... /drumroll FA43. But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (:

03-15-2011, 03:27 PM	#7
ryan s Veteran Member Join Date: Jan 2008 Location: Madison, WI Photos: Gallery Posts: 2,383	Originally posted by eddie1960 I'd likely spend it on another lens before i even got it out lol The last few months this has been a huge problem for me :ugh: "Oh, well I'll just leave the money in there to pay my phone bill today." Buy a lens instead Originally posted by jaieger Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40. The funds from those 2 add up to.... /drumroll FA43. But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (: Depending on what "account type" you have (Merchant, Personal etc) you can only move so much money through PP per month. $500 may be creeping up on that limit for a Personal account so you may want to verify that. I think that's for receiving money only...don't think there's a limit on paying (since PP loves collecting fees from the receiver).

03-15-2011, 04:05 PM	#8
eddie1960 Veteran Member Join Date: Aug 2010 Location: Toronto Photos: Gallery \| Albums Posts: 13,667	Originally posted by jaieger Well the thing is, I just sold a FA50 via paypal/craigslist, and I'm about to sell my DA40. The funds from those 2 add up to.... /drumroll FA43. But I guess it sounds okay to just move it directly into my bank account then, thanks guys! (: or used fa43 via paypal and change for more

03-15-2011, 04:14 PM	#9
krp Veteran Member Join Date: Oct 2010 Location: Illinois Photos: Gallery Posts: 470	I didn't know you have to be 18 to use Paypal. I'm your age and I've had an account since I was 13.

03-15-2011, 04:14 PM	#10
gokenin Veteran Member Join Date: Oct 2007 Location: lowell,ma Posts: 1,899	Can you pay using paypal at either Adorama or B&H? if you can just leave it with them until you are ready to buy the 43mm.

03-16-2011, 05:17 PM	#11
RioRico Veteran Member Join Date: Jun 2008 Location: Limbo, California Posts: 11,263	Originally posted by ryan s Depending on what "account type" you have (Merchant, Personal etc) you can only move so much money through PP per month. $500 may be creeping up on that limit for a Personal account so you may want to verify that. I think that's for receiving money only...don't think there's a limit on paying (since PP loves collecting fees from the receiver). I have a personal account. I have had no trouble receiving over US$1000 in one month. I have seen nothing about limits. Yes, PP loves you when you spend/send money. PP also loves you when you receive money, because they take a cut of that too, straight from your pocket. PP probably must report USA transactions of US$10,000 or more -- that's USA law. But the more money you send and/or receive, the more money they make. Where did you see anything about limits?

03-16-2011, 06:03 PM	#12
jolepp Veteran Member Join Date: Oct 2010 Location: Finland Photos: Albums Posts: 3,196	I seem to recall there are limits on "unverified" accounts, these were kind of high though and I'd rather keep spoon feeding the account with local bank transfers than give them a way to charge me directly. This probably means I won't be selling anything on ebay either. The trouble with them is that even a $2 item not received issue can get impossible to straighten out like so: I order and pay a $2 item, in a couple of weeks there is a unpaid-item case, I provide paypal email receipt, case closed, but I get no item, refund, nor even change to leave feedback to the seller (the normal interface for feedback or opening a dispute of my own has been disabled for this item since the bogus unpaid item case). Emails to them where I try to explain the situation and invoke buyer protection have no effect.

03-17-2011, 10:46 AM	#13
ryan s Veteran Member Join Date: Jan 2008 Location: Madison, WI Photos: Gallery Posts: 2,383	Yep, unverified accounts can only withdraw $500/mo https://www.paypal.com/helpcenter/main.jsp;jsessionid=vz13NCLNH7gyk7sMv7p8pX...rInstance=9016 They don't say how much you can send using your unverified PP account (besides the federal $10k number) https://www.paypal.com/helpcenter/main.jsp;jsessionid=vz13NCLNH7gyk7sMv7p8pX...rInstance=9016

03-18-2011, 11:45 AM	#14
Kaufeetime Senior Member Join Date: Sep 2009 Location: Kansas City,Mo. Photos: Albums Posts: 206	Does Pay Pal write checks and mail? If so that would be an option.

03-20-2011, 07:17 PM	#15
jaieger Veteran Member Join Date: Jul 2010 Photos: Gallery \| Albums Posts: 586 Original Poster	Thanks very much to all your help/comments, it's worked out perfectly : D

Have I dug myself into a hole? (Paypal question)

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