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Paypal Limit? [Help needed]

Discussion in 'Business & Tax Advice' started by karibo, May 4, 2011.

  1. karibo

    karibo Regular Member

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    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
     
    Last edited: May 4, 2011
  2. TheSuperSensation

    TheSuperSensation Regular Member

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    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
     
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  3. fnd80

    fnd80 Regular Member

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    are you honestly suggesting he switches to accepting wire transfers instead of paypal? really?
     
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  4. blue89red

    blue89red Regular Member

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    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.
     
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  5. 10kay

    10kay Registered Member

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    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 ?
     
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  6. 10kay

    10kay Registered Member

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    sorry, repost
     
    Last edited: May 4, 2011
  7. BrandonTillman

    BrandonTillman Registered Member

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    I was just thinking that
     
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  8. wholesalereplica

    wholesalereplica BANNED BANNED

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    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
     
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  9. dzoniij

    dzoniij Regular Member

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

    karibo Regular Member

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    Ok guys Thanks for all the help! :eek:

    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

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

    ~ Karibo
     
  11. shapsp

    shapsp Power Member

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    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.
     
  12. Gorush

    Gorush Power Member

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    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
     
  13. theundertaker

    theundertaker BANNED BANNED

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

    TheSuperSensation Regular Member

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

    trystanys Registered Member

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

    theundertaker BANNED BANNED

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    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..
     
  17. PowerToTHePeople

    PowerToTHePeople Junior Member

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    how much time they took to solve the sittuation?
     
  18. md1988

    md1988 Newbie

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    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..
     
  19. TrafficJunky

    TrafficJunky Junior Member

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

    somegal Newbie

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    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: