Paypal Limit? [Help needed]

karibo · May 4, 2011

Hi, Today when I opened my paypal I received the following message.

PayPal is constantly working to ensure security by regularly screening the accounts in our system. We recently reviewed your account, and we need more information to help us provide you with secure service. We would like to return your account to regular standing as soon as possible. We apologize for the inconvenience.
#

4 May 2011: You have received ?1,800 or more in total payments to your PayPal account in this calendar year and are therefore approaching our annual receiving limit of ?2,500. PayPal is required by law to comply with European Union Anti-Money Laundering regulations by collecting information from customers when they reach this limit. Please go to the Resolution Centre for more information on what you need to do.

(Your case ID for this reason is PP-001-297-641-882.)

How can I return my account to regular standing?

It's usually pretty easy to take care of things like this. Most of the time, we just need a little more information about your account or latest transactions.

To help us resolve this issue, please go to the Resolution Center.

We'll review the information you provide and email you if we need more details.

Once you complete all of the checklist items, your case will be reviewed by one of our Account Specialists. We will send you an email with the outcome of the review.

Now I have to choose between

Business Type Description Individual/Private Person An individual who hasn't got a registered business. Sole Proprietorship/Small Entrepreneur Registered with the authorities as self employed. Partnership An association of two or more individuals carrying on a business in common with a view to making a profit. Corporation A private company limited by shares. Nonprofit A legal entity or organization that primarily engages in raising or disbursing funds for purposes such as charitable, educational, other types of "good works". Government Entity A business, organization or agency owned by the government or a local authority, or through which the government or local authority operates.

I'm from a small country in europe (belgium)
Anyone knows what I should do next?

- If I keep my Individual/Private Person will I be limited to 2500 euro/year?

- If I take bussiness than I have to fax things to paypal.. And probably have to pay taxes from my country?

Anyone know how to deal with this situation?
Thanks in advance!

Karibo

TheSuperSensation · May 4, 2011

Sorry this is out of the topic but seriously paypal is just a pain in the arse, it's better to switch to wire transfer..paypal is just like a bomb, the day before your account is as usual and the next day it's frooze for no reason

fnd80 · May 4, 2011

TheSuperSensation said:
Sorry this is out of the topic but seriously paypal is just a pain in the arse, it's better to switch to wire transfer..paypal is just like a bomb, the day before your account is as usual and the next day it's frooze for no reason

are you honestly suggesting he switches to accepting wire transfers instead of paypal? really?

blue89red · May 4, 2011

You need to send something to proove that you live at the address that you mentioned on the paypal account. Id or drivers license + bank statement or any utilty bill that has your name on it.

10kay · May 4, 2011

if possible, how bout opening another pp a/c ... that way when one is near the threshold, funnel monies over to the other a/c ?

10kay · May 4, 2011

sorry, repost

BrandonTillman · May 4, 2011

10kay said:
if possible, how bout opening another pp a/c ... that way when one is near the threshold, funnel monies over to the other a/c ?

I was just thinking that

wholesalereplica · May 4, 2011

BrandonTillman said:
I was just thinking that

its still limited, so you cannot send

just give them the minimum data and you will be fine

its an anti money laudering thing that paypal has to adhere to under EU law

soon as they have the minimum data they require under that law you are good to go

dzoniij · May 5, 2011

I think you have to upgrade to Premier account also probabaly you must submit personal documents copy of passport utility bill etc

karibo · May 6, 2011

Ok guys Thanks for all the help!

I have followed the steps for individual...
Sended my ID now I have to wait untill customers support has checked it..

I hope that the limits will be lifted when this steps are done :abducted:
I'll bring a report out if this is fixed

dzoniij said:
I think you have to upgrade to Premier account also probabaly you must submit personal documents copy of passport utility bill etc

I already have a premiere account (verified) but indeed I had to send some documents.

~ Karibo

shapsp · May 6, 2011

Karibo,

i know how you feel, i have around $5k usd locked in paypal and that was when the US currency was stonger.

the money is not released yet.

anyway, your problem is simple to solve.

SELECT PERSONAL ACCOUNT for now.
so that you can safeguard the money.

once your account is back, go and figure out how to register a simple business in belgium.
i am in singapore and setting a business is easy here. but, i dunno abt belgium so i cant help you in that aspect. go fig it.

then upgrade your pp to business account for more transactions.

Gorush · May 6, 2011

I am from ger, and had the same problem!

chose: Business Type Description Individual/Private Person
and say you are buying some stuff for friends in blablabla. YOU dont need a Company account! I have 10 k on my gaypal account - no problem

thanks

theundertaker · May 6, 2011

does a verifyd fake paypal have limits to ? / its verifyd with fake cc.

TheSuperSensation · May 6, 2011

paypal will find out soon or later if you create a new account

trystanys · May 6, 2011

Just call them and provide what they need. I went through that several months ago.

theundertaker · May 6, 2011

does a verifyd fake paypal have limits to ? / its verifyd with fake cc.
I need to know if my fake paypal can get big ammount of money?
My one is verifyd with vcc so..

PowerToTHePeople · May 13, 2011

karibo said:
Hi, Today when I opened my paypal I received the following message.

Now I have to choose between

I'm from a small country in europe (belgium)
Anyone knows what I should do next?

- If I keep my Individual/Private Person will I be limited to 2500 euro/year?

- If I take bussiness than I have to fax things to paypal.. And probably have to pay taxes from my country?

Anyone know how to deal with this situation?
Thanks in advance!

Karibo

how much time they took to solve the sittuation?

md1988 · Jul 14, 2011

your a/c is on hold.
You need to have vcc to verify it and hold will be removed.moreover you may need VBA to verify the a/c..
Sometimes your verified PP can be on hold to just have a scrutiny. Call them and resolve problem. they are helpfull to help you..

TrafficJunky · Jul 17, 2011

I hate using these guys gaypal. They take your money then hold it ransom, its ridiculous.

somegal · Jun 14, 2014

10kay said:
if possible, how bout opening another pp a/c ... that way when one is near the threshold, funnel monies over to the other a/c ?

I'ld like to comeback to that Idea, if i may... does it sound like a good one in ur general opinion, or may there be any risks in simply switching PP-account/-email?! :hmmmm2:

Paypal Limit? [Help needed]

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