If your PayPal account is limited, you won’t be able to complete certain actions, e.g., withdraw funds. Of course, this will create headaches for you, as a merchant. Thankfully, you can apply to alternative providers of merchant processing services, including a high risk merchant account. Let’s go through the reasons why this may happen and know how long it takes the payments giant to resolve the issue.
Resolving PayPal Account Limitation
Is access to your PayPal account limited? If yes, you won’t be able to do certain things using your account, including sending money or withdrawing funds. Be aware that PayPal usually resolves such issues in 3 – 5 days. This includes limitation reviewing and the resolution of the issue. The required steps to take are listed in the Resolution Center.
As a merchant, you can’t stop processing payments, which would mean the end of your business. This is also true of paying vendors and using your funds for other business needs. What if you can’t access your PayPal account because of limitations? No worries. You can apply to an expert merchant services provider in your field that provides secure and low-cost payment processing services.
So, PayPal isn’t the only option. You just need to find a reliable merchant processing company that offers unmatched payment processing services, including a high risk merchant account to your type of merchants.
Why PayPal Puts Limitations on Your Account
Have you received a notification by email or on your account overview page from PayPal concerning account limitations? If yes, just log in to your PayPal account to provide a quick response to it without wasting time. There, you’ll find certain necessary actions to take that can help you avoid account limitations altogether.
What are the reasons that your account has been limited?
- Unauthorized use of your account
- The account doesn’t comply with regulatory requirements
- Because of a high number of claims and chargebacks
- If the amount and the type of products/services you sell have been suddenly changed.
When Will PayPal Resolve Your Limited Account?
If your PayPal account has been limited, you’ll deal with temporary restrictions that could make it impossible for you to withdraw, spend, or receive funds. The good news is that you can apply for an alternative merchant account from a reputable payment processing company.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high risk merchant account processor in the country. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.