1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Paypal Problem - They want info

Discussion in 'Business & Tax Advice' started by whatshisname, Jun 11, 2011.

  1. whatshisname

    whatshisname Junior Member

    Joined:
    Jan 17, 2011
    Messages:
    144
    Likes Received:
    119
    So i checked my email today and in my Paypal business accounts, they say they want more information because of the "transactions"

    Now you see, my problem is that I just created the business account to access some features it had. There isn't any business. :D

    So what i did was this. I withdrew all my money, and I plan to call them and tell them my situation and what happened. Now before i call them, I will wait until i receive the money and unlink my bank account this way they won't have any information about me.

    I need some help deciding what to do. Either fake it, or do the thing outlined above.
     
  2. AdisLCS

    AdisLCS Power Member

    Joined:
    May 16, 2009
    Messages:
    520
    Likes Received:
    216
    been there done that. So have ton of fellow guys here. You did the right thing in taking the money out. Always try to withdraw money as soon as possible, you will hear lot's of horror stories about PayGal.

    If you plan on using the account and its legit, you may consider providing information requested. No matter how much I hate PayGal it is so popular that the conversions are much higher than using something else. Keep in mind they can reverse transactions from your bank.

    My main sites are in B2B so my customers are actually businesses and if they hear me using PayPal they actually look down upon me, so most transactions I do is check by fax or wire. I still use PayPal to pay for few things here and there but have not used it to collect money with it years. (Well I used to sell "blackhat stuff" and got several accounts limited)


    Certain transactions, volume, price, customer/client countries etc will raise red flags with them. That is understandable. But many times their selection process looks like a room full of blindfolded monkeys throwing darts at accounts posted on the wall.
     
  3. ehinoze

    ehinoze Power Member

    Joined:
    Feb 1, 2011
    Messages:
    704
    Likes Received:
    111
    Occupation:
    Internet marketing
    Location:
    London
    its a good plan you have there, but since they want more info , do as you said immediately, before paypal limits youraccount already.goodluck
     
  4. whatshisname

    whatshisname Junior Member

    Joined:
    Jan 17, 2011
    Messages:
    144
    Likes Received:
    119
    Ill just call them and tell them my situation. Jesus...im hating paypal now lol
     
  5. volund

    volund Senior Member

    Joined:
    Jan 24, 2010
    Messages:
    1,159
    Likes Received:
    729
    Occupation:
    Trying to make a buck or two
    Location:
    NW Arkansas
    What information are they wanting that will be a problem? I have a business account with them and do not remember them needing anything crazy (though it has been awhile) If you want to keep your account working then you really are going to need to give them what they want.
     
  6. whatshisname

    whatshisname Junior Member

    Joined:
    Jan 17, 2011
    Messages:
    144
    Likes Received:
    119
    i called them and sent an email to compliance so im waiting. and they want business information. I didnt think they needed that. I just made a business name up and shit lmao. im such a dumbass.
     
  7. whatshisname

    whatshisname Junior Member

    Joined:
    Jan 17, 2011
    Messages:
    144
    Likes Received:
    119
    Good news. I got my account back sent an email to [email protected] and told them what happened. :)
     
  8. randomwoman

    randomwoman Newbie

    Joined:
    Dec 9, 2008
    Messages:
    39
    Likes Received:
    3
    Occupation:
    Freelance Writer
    Location:
    Georgia
    I'm glad you got the account back and your money!

    When I went through this I had to send a copy of a piece of mail (like a statement) with my business name and address on it. I was able to do that quickly enough but it was still stressful.
     
  9. VIC SEO

    VIC SEO Elite Member

    Joined:
    Feb 19, 2010
    Messages:
    2,159
    Likes Received:
    365
    Gender:
    Male
    Occupation:
    SEO Specialist
    Location:
    iSynergyMedia
    Home Page:
    Then just give them some fake details , nobody is going to investigat , i have only fake details for my bussiness paypal account.