My name is Matthew Bredel and as of March, 2007, I am a full-time, work-at-home internet marketer.
For close to 10 years, I worked for a defense company which was an OK job, but I was so uninspired in life and frankly, I needed some more money. That is when I first discovered internet marketing! Now I admit that I didn't start making thousands in my first couple of months (in fact, I lost my shirt!), but I finally saw the "internet light"...
Is PayPal safe for internet marketers to use? I’ve read horror stories about internet marketers doing a huge product launch that’s a smashing success only to have their PayPal account frozen before they get hold of their money. There are even websites dedicated to those with a hate on for PayPal due to [...]
Is PayPal safe for internet marketers to use? I’ve read horror stories about internet marketers doing a huge product launch that’s a smashing success only to have their PayPal account frozen before they get hold of their money. There are even websites dedicated to those with a hate on for PayPal due to account freezes and chargebacks.
If your account gets flagged as “suspicious activity” and is frozen it can take up to six months for you to access your funds. It’s something that could be a nightmare for you! Not only could you be waiting for your hard earned money but if you have affiliates, how will you pay out your commission to them? It could not only cripple you financially but could crush your reputation, too.
PayPal Problem Prevention
Some suggest that if you do a big launch that you’re expecting will net you some great results that you talk to PayPal first in order to intercept any potential problems. If they can anticipate how you’ll manage things, this can prevent undue freezes. PayPal doesn’t want money laundering or fraudulent activity going through their system for many reasons including potential for chargebacks after you’ve already withdrawn that boat load of cash so its best to talk to them first. There could be something on your landing page that makes them nervous or something even in your domain name that frightens them and makes the red tape seem endless. Advanced preparation can prevent these misunderstandings and get you instant access to your money.
Alternatives to PayPal
There are merchant account programs as well such as e-online Data and Powerpay but setting up a merchant account for your business could take a lot of paperwork and effort. The choice is yours and you may elect to put your golden eggs in multiple baskets.
If you’re selling a digital project such as a membership, software or an e-book, another option would be to run your digital product sales through ClickBank who not only accepts PayPal as a payment option from your customers (which is a bonus!) but who will also send you a cheque if that’s what you want. Be aware though, that ClickBank will also hold a specified amount of funds in an allowance account depending on your record with them, the amount and the perceived risk. They want to protect themselves from not just suspicious behavior but also don’t want to risk a bunch of returns happening and your not paying up.
All in all, PayPal is a pretty safe bet for your online business and has become the industry standard for getting money quickly. Doing some due diligence before putting large amounts of money through PayPal could be wise.
Check out Matt’s reviews of merchant accounts if you get a chance as well as the Reasons To Use PayPal Hubpage.
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This is the direction the entire economy is going, better jump on in now.
March 12th, 2009 at 12:22 pm
Are there more testimonials around the site?
March 22nd, 2009 at 12:03 pm
Thanks for the info man, I found it very interesting. I can’t wait to see more online money making guides.
April 27th, 2009 at 3:20 pm
if you do business on paypal, most liekly at some point, it will be you…
This is me right now…
January 29 to current:
I sold a series of products on ebay during january. 150 to be exact All were paid for, and almost all left positive feedback. Almost all, meaning, some haven’t left feedback yet. But feedback is 100%, with perfect sales ratio’s, because “all” my customers are happy. After the sales cycle finished, Paypal froze my account and ALL monies in the account. They demanded copies of my invoices and inventories. I provided what they asked for. – After this, they then started asking for contracts and agreements between my vendor and their wholesaler. This is not legal to ask, and they are requiring the impossible, knowing full well I cannot provide that legally. It is a trap, so they don’t have to release my funds of $2,453.89. They are threatening to hold onto my money for 180 days (6 months), by requiring me to commit criminal activities, to receive the moneys that is already mine, not theirs. I sent them an official letter asking them to release my monies, or I would pursue legal actions, including complaints. They responded by saying “Go Ahead”, we’re still going to hold “your” money for 180 days (6 months). They (paypal staff) are fully aware they asked me to commit crimes, but do not care, since I am not legally able to record “their” phone conversation asking me to do so.
Update for today: Many of my customers have contacted paypal and said everything is genuine, no problems, nothing. Paypal has told most of them it is none of their business or lied and said my account isn’t even frozen…. But, today, I also got a final DENIED, we’re going to hold you funds for 180 days, but you can provide refunds if you like….
Welcome to paypal….. don’t get sucked in, because if you have a balance that is a large sum like that, they WILL get you….. Release date of my money: June 29, 2010…. There is no just in case anymore…. These people need jailed….
February 1st, 2010 at 6:31 pm
I dispise Ebay! They have way too many charges. Put me out of business. When they first opened, I did twenty thousand a month with them. Today, fees are so high, I choose to sell on free listing sites now like GoodForge.com and some of the other freebies. Ebay lost my sales totally!
June 18th, 2010 at 5:06 pm
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February 5th, 2012 at 11:40 pm