Sonic'

Anyone else had one of these

I received one the other day, as apparently since I have had my PayPal account I have gone over some kind of limit of money received, so as per law they have to ask a few details etc to comply with Money Laundering EU laws

One part is to confirm my telephone number, which has been done, the only other option left on the details verification is to upgrade to a business account

i don't have a business etc so I cannot do this part of the verification process

Anyone else been through this, and how do you resolve it

Cheers

OllyK

Have you tried the help on the paypal website?

chocolate_o_brian

iTrader: (22)

yep, ive just had to do this fella.

basically what happened was some dude down south called eugene, his account was hacked, and whover hacked it tried to send me repeated payments of £1300+. this was after a failed attempt at sending £5000.

so i changed all my passwords, all the usual security stuff, and reported everything to paypal. the money was taken back and everything sorted. that is, except for me going over this £4,500 recieved money thing. was a helpline no. to call, so i did this, all above board. spoke to a nice american woman who confirmed everything. nothing dodgy and all totally legit.

so i put in my business name as "a". thats it. eligable for insurance etc on monies sent. all verified, and just have to fill in a couple of daft questions like...

"how much of your annual salary is made vis paypal etc"
"annual income bla bla bla"

easy enough, and since then ive had no problems what so ever.

id personally give paypal a call if your unsure, but that was my experience.

Sonic'

Cheers

It is because I have gone over the 4500 limit, I dont mind doing it, was a bit unsure about upgrading to a business paypal with even more charges, when Im not running a business

Ill have another look today

chocolate_o_brian

iTrader: (22)

shouldnt get any more charges fella. i was told this on the blower by said nice american bird.

just gives you extra stability in your account, and it will be uber verified.

CrisPDuk

I got this a couple of months ago, only I 'exceeded my sending limit'

It took them so long to sort mine out that I recieved a non-payment strike, which the ***** at ebay will not removemad:

It's **** all to do with money laundering regulations, they only apply to large lump sum payments, £4.5K of over several years hardly applies

It's more to do with them having access to a bank account rather than a credit card

Freak

Which you can remove the minute after its been confirmed that you have completed the steps required, and i strongly recommend you do.
Paypal isnt as secure as some people like to think .
The requirement is to add a bank account for verification- no stipulation that you have to keep it on there once its been done