Paypal Thing

Hi guys, I am using a friends paypal (cause mine got limited a good while ago) for paypal transactions, and he just got this message:

Jul 19, 2012: 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.

He sent his personal ID and driver license copy to them, to lift the limit.

Another thing is, he is going out of country for 2-3 months ... will he get limited if he is accessing the account from another country ?

Thanks

Was the account verified before you received that message?

If so, then you shouldn't have any problems. If it wasn't, then do it (bank details/phone confirmation and all that).

Since Paypal got fragmented to abide to the countries' laws, the only way to be sure about it is to read carefully about its terms on his account, even if such a thing is not listed there, then he should contact the local branch(sending an email) to get this info.

Well, his account is verified, meaning that he is using his credit card and stuff like that, but they never asked him for a photo ID before, he just made the account and verified it with his credit card (everything legal, no VCC and stuff like that).

It doesn't seem to be the limitation I know, I just went into his computer via TV and I could withdraw $300, so the only restriction is to close the account.

The thing, with withdrawing from other country, I told him to come to my computer via TV, and withdraw from an IP from my country so that we won't have any problems.

What you think ?

Better do it from the same country ip but if you tell them before hand that you will cash out from a different country you will not have problem.
The thing i wanna ask you is , does that mean that any european account with profits of more than 2500euro per year will get reported to the european union?
Does paypal actually does that and will they know in our country our exact paypal profits?

facebookcpa said:

Hi guys, I am using a friends paypal (cause mine got limited a good while ago) for paypal transactions, and he just got this message:

Jul 19, 2012: 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.

He sent his personal ID and driver license copy to them, to lift the limit.

Another thing is, he is going out of country for 2-3 months ... will he get limited if he is accessing the account from another country ?

Thanks

Click to expand...

yeah i think i will be facing a similar situation soon. any advice from any paypal veterans here?