newbie paypal question

harebearva

has anyone had any trouble using paypal for high-dollar coins in the 3,000 - 5,000 dollar range. The biggest concern I have is the limits I've read about where you can only transfer up to 500 dollars a month out of paypal to your bank account. Is it better to not use paypal at all for large items?

Russ

Limits only apply under specific circumstances. For example, there are receiving limits on personal accounts and there are spending limits on un-verified accounts.

Russ, NCNE

BAJJERFAN

If you have a personal account you can take the $5K as long as the transaction type is quasi-cash. If the transaction is for goods or services then the $5oo monthly limit kicks in UNLESS of course, their policy has been changed.