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Paypal - yearly limit - unreviewed account

Discussion in 'Making Money' started by Tucker, Jul 30, 2010.

  1. Tucker

    Tucker Newbie

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    This is my first post at BHW. Let me thank all of you for making this such an informative forum.

    I have a 2-3 year old US paypal premier account. No SSN added. only verified with US bank account and cc.

    I am billing for some legal adult sites. I know I should use another biller but adult billers are few and most are unreliable and I have bad relations with ccbill and adult ccbill is expensive (yearly fee plus high transaction cost). Paypal has been sweet bliss for me for the past 9 month. No problems. Only occasional chargebacks and refunds. I never even had to contact paypal about anything.

    I already received $6k in my premier account this year (plus more last year - I dont remember how much - I only used paypal a few months last year).

    My questions are:

    1. How much can I receive in my paypal premier account (this year) before they will ask for info about me and my business? 10k? 20k? or less? or more?

    2. Next year, the amount which I can receive before they ask for info/docs, will it start at zero again? or continue accumulating?

    3. What kind of documents and info will they ask for if I reach the yearly limit? I can give them my SSN but obviously I dont want to show them my sites.
     
  2. ladydargeeling

    ladydargeeling Newbie

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    They ask all sorts of informations regarding your business and documents,also more personal idetifiable infos.If you think you may be in trouble soon stop using them for 2 months and just spend money,send money etc. and you´ll be ok. use ilqpay,it´s very cheap and they don´t ask questions,monthly limit is $10,000.
     
  3. Tucker

    Tucker Newbie

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    liqpay looks very interesting. ladydargeeling, do you use it? Do you like it? I already have a privat maestro card.
     
  4. sammaloof

    sammaloof Newbie

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    mm didn't know about this
     
  5. musik

    musik Newbie

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    Occupation:
    Owner of Advertising Solutions
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    Seattle, WA
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    I have had this problem. if you drive more the 10k a month they will pay ttantion to what you do. If it looks not very clear ( your business) then they report to Sservice or fbi. yeah not sweet. Do what ladydargeeling said and you might be ok for a while