I opened my PayPal account and I was like what the hell I've issued here and
in this video I want to talk about how PayPal held 42,000 dollars on my PayPal
account and I was not able to withdraw the money I was not able to pay my ads
and my supplier that money was just completely frozen on my account but
before we get into that I want to talk about a quick announcement that I have
and that is I'm giving away two free coaching calls 20 minute coaching calls
to two of you guys the first one is going to be chosen at random and the
second one is going to be chosen for having the best comment so all you have
to do to enter this giveaway is comment down below like this video and also
share this video with one of your friends and also a quick tip if you want
to increase your chance of winning make sure to follow me on instagram which is
div Zoo you can check the link down below recently I had 10,000 per day and
then I was hovering around 7 to 8,000 per day after death until on Tuesday I
wanted to pay my supplier and I checked my PayPal account because I wanted to
pay him but my account was just limited I was like what the hell is happening
and I checked my email and I got an email from PayPal saying that due to
high volume of process orders we need to we need to review your account and until
your account is reviewed 100% of the money on PayPal will not be able to
withdraw and you will be not able to pay with the money until the review the only
thing that I was able to do is accept money so every day just thousands and
thousands of dollars would come into my PayPal but I was not able to pay like my
supplier or ads or anything and I was like really really freaking out but I
checked the email and there are like a bunch of questions from PayPal so the
first thing I did I just started like writing a document I started to answer
those questions also I contact I contact my supplier like for all the invoices
because that's what paper also requires so when I was calling customer support
of PayPal I was not able to get through the review team but what the customer
support rep did they submitted ticket to make it a priority so people would
review it faster and lo and behold two days after the hold on first day I got a
call in the morning the first thing in the morning and they called me and they
were like saying okay so we have reviewed that account what we are going
to do is you're going to hold $25,000 as like a collateral collateral hold which
is basically just like a security thing for them and because like some of my
orders have been shipped but they haven't arrived yet that's why they need
like a collateral hold and that whole was like for 30 days and then plus on
top of that they gave me a rolling reserve of 20% for 60 days and the
rolling reserve basically means that every day like from the revenue that you
make they're going to hold 20% and those 20% they're going to release after 60
days so let's say today you make $10,000 they're going to hold $2,000 and they're
going to give you give it move them back in 60 days tomorrow the money that you
make they're going to hold 20% and give you like 1260 days after that so that's
basically what happened guys like I think it's like for a lot of you this is
scary and yes it is like it's it can mess up your cash flow but the thing is
you need to look at this as a positive thing because so you are building a
positive relationship with PayPal because this is poor then this is risky
and PayPal you got to look at them as your partner they're your payment
processor they're allowing you to take payments you know and like this hold or
this rolling reserve is a way to establish trust between you and them I
actually called PayPal and I asked like okay so when I receive like a rolling
reserve or a hold is it possible that I will get another one after that and they
said it's very unlikely like once you have one it's very unlikely that you
will have like some other issues with paper
again you know so like unless you have like too many disputes or something like
unless something crazy happens you will not gonna have any issues so actually I
was like very happy I'm very relieved that this finally happened and I can
start finding like thinking about the resort like the rolling Reserve and
start working with that instead of like being scared of it you know so this
happening you got to look at it like the paper how old you got to look at it as a
good thing lastly what I wanted to say there are a
few things that that's gonna improve the hold that you're going to get and all
those things I have myself personally apply and I'm gonna give you those tips
that you that you need to do to get a better like a better deal with PayPal
the first thing is you need to app it's called PayPal's tracking on autopilot
app it's on Shopify and I'm gonna leave a link below the other thing is you need
really good customer service they need to reply fast because if they don't
reply fast you're going to get a lot of disputes or claims like so far like so
far I've done I've done I don't know like 70 K lately and another like
30-something K before so from thousands of orders I had only three disputes so
far you know so you got a keeper this butyrate low but if you get a dispute
you got a deal with it quickly otherwise it's gonna decrease your like PayPal
account score the other thing that you need to do like whenever you're
contacting PayPal you just need to be very polite like you know you're good
you need to try to like connect with them be very polite very friendly very
like understanding like if everything and when paper like they when PayPal
requests any documents you have to give them all documents otherwise they might
not approve the things that you want like maybe they might shut down your
account if you don't if you don't give them all like documents and stuff like
that you know so that's it like if you are if you are curious like what
questions I got I'm gonna post up in my Facebook group so check out
link below there is my facebook coop and by the way guys if you know some guy who
is really good Instagram or YouTube growth make sure to DM me on Instagram
I'm very like I really want to grow my youtube channel and my Instagram account
so if there's someone that's willing to help me we can maybe figure out on like
a way how we can cooperate so thank you guys for watching and make sure to
subscribe and share this video and don't forget about the giveaway you can win a
coaching call so see you in the next video see