I want to give you a few techniques that have worked for me and thousands of others in the past for accessing your funds immediately.
When your money is frozen and your account is limited, there is not much that you can really do. When they say “Limited” they really do mean “Limited” and running your business through that account before full access is restored is not going to happen.
If you are in desperate need of your money and absolutely cannot wait even a few days to see if your account can be fixed or maybe unfortunately your account was one of those that was already charged off as frozen forever, here are some last minute solutions that I personally have used.
Method #1 – The Refund Reimbursement System
One of the few things that you can do with a limited account is refund any and every customer that you have done business with. Any one that has paid you any amount of money can receive a refund as long as your funds are in the account even if your account has been limited indefinitely.
Why?
As I explained earlier in this tutorial, with Paypal, the customer is always right. Therefore, if you want to refund a customer for whatever reason in a specified time frame, you can. This solution isn’t for everyone so use your better judgment. You need to evaluate your position and your situation and decide if these (Could be) drastic measure are necessary because what I am about to say could be a little risky. Depending on the nature of your business and the products or services being sold, you may need to refund certain or possibly ALL of your customers in order to access your money very quickly.
I know that it sounds crazy, but keep listening, it’s very clever and it has worked for me and several of my business partners more than once.
Paypal only takes days in order to refund your customer their money out of your account and you can use this to your advantage. If you do several large transactions regularly rather than a ton of small transactions, then this could possibly be the solution for you.
For example: If you sell web design services for say $2,000 a pop, you might want to consider this option, but if you sell something cheap like a $30 ebook and you are making dozens of sales per day (which means dozens of transactions with dozens of different people daily) you may want to avoid this little method. So here is what you do. Most people are genuinely good people. Therefore most of the customers that purchase from you are trustworthy especially if they have purchased something expensive. If they trust you enough to pay you money, even a small amount over the Internet and
they were satisfied enough as a customer not to complain to you and ask for a refund, they will probably work this deal with you. Maybe you have a better feeling about certain past customers than others, but just log into your Paypal account and take a look at the list of all Payments received and decide which customers you feel would be trustworthy enough to honor their word vs. your
others. Maybe certain business relationships or characteristics in certain clients stand out as putting them ahead as far as trust goes with you.
What you need to do is contact these customers and be perfectly honest with them. Briefly explain to them either by phone or email exactly what happened and that there was a mistake made on Paypal’s end and ask them if it would be ok to refund them their money and have them pay you through some other means. It is very important that you only contact SATISFIED customers; otherwise there is not a chance on this earth that they would be willing to lift a finger to help you. This is why I said that my methods work only for honest and legit sellers not those that are doing bad business and out to scam or cause harm to these innocent buyers. If you are an honest seller that makes your customers happy, they will be willing to work with you. Just make sure that their debit card, bank account, or credit card that they used in order to pay you is still in good standing because the same form of payment that they used to pay you, this is the account that will be reimbursed.
BEWARE: I once tried this method with a good and honest customer of mine that I knew would be willing to work with me without consulting with him first. It turns out that his credit card status had gone into default just days before and when I sent the refund in the amount of $1,000 the money was sent back to his card and the credit card company zapped it up and he lost the money and so did I! Talk about a real nightmare, so to keep from having the same problem just ask them. Also, it’s unfortunate, but you might have to offer some type of extra incentive for people to help you out such as giving them a 10% discount. I know that I would do it for a 10% or more discount and maybe a promise of some free services or discounted products in the future. Just explain to them that something that could take them just a few minutes could save them money and help you out a great deal and that you will forever be grateful to them for the life of your business. Don’t think that this is some long shot because trust me, it has worked for me more than once and will work again in the future if necessary. Once they agree to send you the money, you need to fax or email them a quick agreement (nothing fancy) just stating that they will be repaying you your money in the specified amount within 48 hours of receiving the funds back in their account.
Make sense?
You honestly don’t even necessarily have to get a signature or involve a notary, but I do highly recommend these things. As long as they agree in writing through email clearly what is being outlined, you should be legally protected. Remember, you have their contact information, full name, etc so they can’t run from you! In the event that things go sour and they try to make off with your money after receiving their refund, you have the necessary personal and/or business information to take them to small claims court for up to $5,000.
Method #2 – The Chargeback Method
This second little method also works. Just go through the same steps as you did with method #1, but this will be slightly different. With this method you will not be refunding the customer. You can contact your customer the same was as in method #1 and explain to them exactly what happened. If they agree to help then once again you proceed to tell them to take action.
What they can do for you is to file for a chargeback with their credit card company, but of course this only works if they used an actual credit card to make the purchase in the first place.
In most cases, they will get an immediate refund in days and Paypal will debit the money out of your Paypal account. Normally if you were in good standing with your Paypal account and you were doing good business with your customers, a chargeback would be a nightmare in itself, but since you are not worried about the future of this particular account, you can allow Paypal to give it right back to them and not worry about having to dispute it or fight to get your money back.
Make sense?
You can just get reimbursed by your customer as soon as funds are back available on their card. Obviously, I recommend method #1 first and believe me it works! Don’t start thinking negatively to yourself that this might be ridiculous. What’s ridiculous is having your money frozen for a full 6 months with no explanation. What’s ridiculous is being able to see this money daily as you log into your account, but not being able to withdraw it or use it! What’s even more ridiculous is that this has happened to you honestly believing that you have followed every guideline put forth by Paypal! So before you begin to think to yourself that my methods are slightly wacky (Which they are) just think about how badly you need your money ASAP! As far as fixing your account, once an account has been flagged and limited, honestly even if you are able to lift the limitations which happens all the time, you are now going to have to deal with this as being an issue with this particular account forever.
In the next few sections I will teach you how to open up multiple accounts so that your accounts NEVER get linked to each other and by taking the precautions that I explained earlier you can stay in good standing without interruption forever. Have you ever heard the saying “It will never be the same again”? This is one of those cases actually in which Paypal will never forgive you and they will be watching every move that you make so that even if you do something as petty as unknowingly buy or sell through a legitimate deal with a Paypal account holder who is later found out to have broken or potentially broken one of Paypal’s rules, your account will probably end up limited once again. In my experience, Paypal does not like dealing with ANY potential risks no matter how small or large so you would more than likely have to be Houdini in order to lift limitations on the same account a second time.
Method #3 – The Paypal Exception Strategy
I don’t believe in being dishonest or misleading people in life, but sometimes desperate times call for desperate measures. With this said, Paypal like any other large or small company CAN make exceptions to its rules, and this would be the time that you need for them to give you special treatment.
After all, you deserve right?
You funds have been frozen unlawfully through an error in Paypal’s system of doing business and treating their loyal clients. Usually when there is an emergency or death of a close relative or some other dire need reason why you absolutely MUST have your money released such as a sick child that needs this money for medical attention or anything similar, Paypal WILL release the funds. Please note that this is also something that is probably going to take some persistence. You need to come up with a “Life or death” explanation that is directly related to you and your life. Don’t just flat out lie! In fact don’t lie at all! What I’m asking you to do is to simply bend the truth. Yes that’s right bend the truth so that if your situation for getting your money out of your frozen account isn’t a “Life or death” situation, you still better make it appear that way to Paypal! I had a real life situation happen to me in which I had lost 2 very dear, young friends of mine around the same time to 2 unrelated tragic accidents and I desperately needed the funds as a result of these deaths.
To make a long story short, after explaining what happened and giving proof such as a copy of a death certificate or letter from an attorney (Not for intimidation, for validation of how serious the situation is), doctor, someone in law enforcement, a pastor, or an expert in the field directly related to your immediate need for your cash. Understand that EVERYONE believes that they just MUST have their money unfrozen immediately or they will go crazy or lose their mind so everyone will give them all types of stories and excuses why they need their money and honestly, most of the stories will be the truth.
It’s not enough for your story to be the truth. You need to evoke some type of fear in the person that is handling your account issues and that froze your funds other than just threatening to file a small claims law suit against them like tens of thousands of others have done. Go ahead and do the research and you will find that this WILL NOT provide an immediate solution for you to get paid.
Why? Because most people that threaten to sue are just bluffing, and of those that really do hire attorneys and pursue actual legal action against Paypal will never see a dime because Paypal is one of the largest and most powerful companies in the world. They have all the angles figured out and a multitude of some of the best business attorneys in the entire world on their side. So what you are shooting for is “Moral” fear. Let me explain, you want to lead that one person that is in charge of your account to believe that they literally are dealing with someone that is in dire need of this money that already belongs to them to be able to access it. Sadly enough, the fate of your Paypal business always lies in just one individual’s hands. There are no voting, discussions, meeting, appeals with other parties, etc. What they say goes, and this could either work against you like it does for most people, or you can use the ammunition that I am supplying you with in order to use this to your advantage. You are not asking them to break any rules or laws or even to reopen your account. You are only asking that they release your funds and then give them permission to close your account or do whatever they feel with it.
Convincing one person if you are persistent with a really heart felt yet honest story is not very difficult to do believe it or not. Just make sure that they feel “Morally” obligated to fulfill your request and that they will feel like trash if they refuse. I understand that many people are not very good writers, debaters, and especially negotiators, but trust me, stick with it emailing them around the clock (at least one every hour) and you will have success. If you absolutely feel the need, you can even hire a negotiator or writer for fairly cheap through Elance.com or searching for them through Google.
Method #4 – The Sell & Collect Strategy
Here is the #1 recommend method for accessing your cash in your frozen Paypal account in as quickly as 48 hours from this very second. Are you ready for this mind blowing secret? Sell your account funds to a family member, business partner, friend, associate, or even better yet, an investor that specializes in these types of deals for a 3-15% fee. That’s right, if you absolutely cannot get your money out, but you honestly need it asap, this is
definitely the way to go.
Here’s how it works.
Have you ever seen those TV or heard the radio commercials advertising that you can get annuity payments all upfront wrapped into one large lump sum?
There are literally thousands of legit companies out there that offer this service in which you are owed a large amount of money over a long period of time LEGALLY, but you want your money upfront. These companies will pay you one large sum rather than you having to wait months or usually even years to accumulate all of your monthly, weekly, or annual pay outs when your deal was initially set up.
These deals could include:
• Lottery winnings
• Inheritances
• Settlements
• And MUCH more
For example: Let’s say that you won the Texas Lotto and the total amount of your winnings was $40,000,000 (Yes $40 Million)! Most lotteries and other large payouts will only give you a certain amount per year. They would probably set you up with $2,000,000 ($2 million) per year for 20 years, but
what if you for whatever reason wanted or even needed all of your money upfront which is a total $40 million? You could call up one of these type of companies that offer immediate funding in exchange for the legal right to the rest of your payments to be signed off or “Bought” off to their name. Keep in mind that you will have to forfeit a small (But well worth it) percentage of the
money that was coming to you, but if you really need your upfront money, you will just have to deal with this. Now in this scenario you would probably have to forfeit 5-10% of your total lottery winnings and end up with approximately $36,000,000-$38,000,000 which is still a ton of money. This is a winning situation for everyone. First, you receive your cash upfront of course minus a small percentage. Finally, the investors receive a $2-$4 Million profit over a long period of time just for paying you upfront with money they had to spare.
Everyone gets exactly what they want, and this is the same basic concept of how it works with Paypal in getting your money released. The only difference is that you will more than likely not find a traditional financial institution interested in this venture because it is so unorthodox and out of the ordinary.
Don’t worry because I have all the resources that you could possibly need so just keep listening. Here is what you will need to do. First, you need to hit up your warm market meaning your family members, friends, and others that you are close to. Don’t ask just anyone. Pretend as if this was one of those bogus “MLM” businesses and make a list of 100 people that you know. YES! You definitely know 100 people so make no excuses! Take some time to really think. I don’t care who it is, if you know them and have a means of getting in some form of contact with them, then write them down! This could take up to 30 minutes or so to get a really good list. After you are finished be sure to pick through this list and really evaluate the top 10 people that you believe are
most likely to be interested in this deal. This is more than just a favor to you.
In fact, it’s actually not a favor to you at all. It is a very unique and possibly profitable business proposition for anyone that has money to spare upfront.
They will do absolutely nothing and they will be able to receive your money as it becomes free and available after that 180 day period. After finding the person and coming to an agreement of what set dollar amount or even better percentage that will be receiving (Definitely no more than 15%) then the only thing left to do is to draw up a written agreement or promissory note outlining the details of this deal, have both parties sign it, and have it notarized.
It doesn’t need to be anything complicated or fancy and you definitely don’t need any attorneys getting involved unless it a VERY LARGE amount of money (More than $5k which is the maximum allowed in small claims court). In the end, if you can’t locate someone for the upfront money, we have your back!
Method #5 – The 0% Non-traditional Loan
Here is a good method for accessing that money immediately that works 100% of the time as long as you meet necessary requirements.
Here are the requirements:
• Have Funds in 401k
• Have a Good-Excellent Credit Score
• Have equity in a life insurance policy
If you have any of the following, you can access the money that you need in just days without forfeiting ANY of your money in fees whatsoever and absolutely 100% risk free! Let me explain the basic concept of this method. If you have any of the above 3 requirements needed in order to use this method, then you should understand that there is absolutely no reason to be afraid or hesitate to take advantage. What these 3 methods will do is allow you to immediately (In just days) access the amount of funds that are locked into your Paypal account for the maximum 180 if necessary without any risks, penalties, fees, or forfeiting any of your money as you can reimburse each of these 3 methods as soon as your Paypal funds are free. Mind you that I ONLY recommend these 3 methods because the funds in your Paypal account are 100% guaranteed and 100% yours so there is no worry about this system being unsuccessful in this case.
The 401k Plan
Many people don’t want to touch or should I say “Spend” or “Waste” their 401k money on anything except for retirement and they shouldn’t because that is exactly what those funds were placed there for in the first place. I need you to understand a very important and key factor. All 401k plans basically work about the same in which as money as deducted out of your paycheck to be placed in this special savings account for your retirement is always matched with a certain percentage. For example: As a teenager, I worked for Wal-Mart and of course you probably know that they offer a very generous and profitable 401k plan in which I believe when I was an employee there they would mach you 50% on every penny that you allowed them to automatically deduct out of your paycheck. You don’t have to be a mathematician to understand that this totals out to truckloads of pure profits made on interests annually even for those workers that make only minimum wage. I bring up this key point to say that, your 401k money is earning you a ton of money while you do nothing and whether you have any real money built up into your 401k plan or hardly any money at all, you should still be open to this risk free solution. What most people do not know is that not only are you earning a ridiculously high instant
interest rate on your 401k, but you can actually “Borrow against” this money 100%
INTEREST FREE and receive funding in days with absolutely no headaches or
loopholes. My family members do it all the time! Please understand what I am saying! You will not be withdrawing money out of your 401k account. That would be a bad idea. What you want to do is contact the person in charge of your 401k and let them know that you would like to simply “Borrow against” the money that you have available. This prevents you from losing money, as well as paying interests. Since the loan is secured by YOUR OWN MONEY, you should be able to set up arrangements to start paying the money back after 180 days in which case you will pay the exact amount off once you receive your Paypal funds.
Make sense? Of course it does and since 100% of your funds will still be in your 401k account, you will still be earning the same amount of interest and not losing a single penny.
Good Credit & Financier Relationships
Here is another killer tactic to use if you don’t want to wait for your funds to become available and you feel that your account will be limited either indefinitely or for longer than you can afford to wait. Use your good credit score to simply take out a personal loan for the money that is being held. I know I know, you might be thinking, “This is the dumbest idea I’ve ever heard”! If
so, no offense, but you may need to re-think “What” or should I say “Who” is actually dumb and here’s why. If you have a good credit score, there are many different sources that will allow you to use that personal credit score as assurance that you will not only pay every penny of the money- that you borrow back, but you will pay it back in a timely fashion with no late payments.
After all, that’s how you built this great credit score in the first place, correct?
Most people, even people with good credit are unaware that if you have a good personal credit score or even better yet, a good credit score as well as a good relationship with your bank, that 9 times out of 10, you can stroll right into your bank and take out an instant personal loan for thousands. Many people literally walk out of the bank during that initial loan request with up to 5
figures in hand with the loan terms that they want which of course are for low interest always, but in this case you want to shoot for NO interest in the first 6 months and hopefully even NO payments in the first 6 months either. Trust me on this, I’ve seen it happen dozens of times so depending on how much money
has been frozen, this is probably a great solution that will have you paid TODAY in most cases assuming that you make it to the bank nice and early in the day.
Life Insurance Equity
Here is another one that may come as a very pleasant surprise to most people. Did you know that many life insurance plans (The good ones at least) hold an actual cash value. More than likely, this life insurance plan comes with a cash value whether you know it or not, so if you have one and are unsure, just give your insurance company a call and ask. If it has a cash value, then ask them if you can borrow against it. If so, this works a lot like your 401k option. You will not be risking anything or jeopardizing anything if there should be some tragedy that would call for you to actually need to use this life insurance policy
inside of 6 months. Your loved ones WOULD NOT be stuck with any costly funeral expenses on your behalf. All of your funds will still be available and it will be business as usual. I bring up this option for the simple fact that like 401k loans, you should be able to borrow against this policy interest free and receive funding within just days that you may not have to begin paying back for the full 6 months that you may possibly need in order to receive your Paypal funds and reimburse your loans. Another way that this could work similar to the same thing in which I have done more than once in emergency situations is borrowing against the equity in your home. Same basic principles apply. Contact your mortgage lender and ask them about taking out a 0% interest loan.
**IMPORTANT**
If you use any of these 3 quick methods for reimbursement of your frozen Paypal money, it is imperative that you be sure not to get careless, irresponsible, or greedy by borrowing more money than the balance that is frozen in your Paypal account.
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