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- May 30, 2007
I recently sold something for about $6000 and the buyer paid through Paypal. I've never had a problem with Paypal (just use it occasionally) and usually withdraw around $200 to my bank account with no problem. I've been verified for years now. If I attempt to withdraw the full $6000 into my bank account though, will there be any holds or anything on it? Will either Paypal or my bank hold the funds for an extra period of time longer than the usual 3-4 before it shows up into my account? I tried to do a search on Google and saw some stories where the funds were investigated before being released or they never made it to the bank account, but most of those were people that had recently signed up for Paypal and immediately made large transactions. I would call and ask either Paypal or my bank, but I don't think I'd get a straight answer from either of them. Does anyone have any experience with this?