Hey everyone.......after submitting all my documents, PayPal customer service merchant review team called me from nebraska and told me that i'm to high risk and that PayPal isn't suited to work in situations such as mine. PayPal expects orders to be fulfilled within 20 days yada yada. They currently have 1,025.45 USD locked up in it. This 1grand will ONLY unlock when I show PayPal that i have been fulfilling orders via tracking numbers come March time when all Pearls will be delivered. I withdrew the rest (about 80%) a day earlier when MOQ hit and have everyones order money in my bank account.
I have a 9-5 job and can cover this grand thats locked up for the time being. As for proceeding with payments, i've disabled PayPal from my Shopify store and am taking orders directly to my bank account via Shopify Payments which uses STRIPE. I plan on getting help from an established vendor such as mechkeys.ca to proxy the PayPal account or something of the sort.
Ive put over 2grand of my own money into prototyping the boards, setting up the site, creating stickers, pre-buying some shipping and packaging supplies, making business cards and making small deposits to my manufacturers. Ive also invested so many hours into designing everything, marketing, forming relations with everyone and this is a really ****ty situation to be in. PayPal is right though, it's my first group buy and they've never seen my account go through this before so they can't do much except cover themselves...
Im sorry this happened my friends. I plan on pushing through and have my own money ready to cover any disasters or mishaps. Will keep everyone updated, and thanks for your understanding!