fazza
Member
Registered: 7th Feb 08
Location: Plymouth
User status: Offline
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as i have been spending and selling loads recently on paypal. they are currently reviewing my account for money laundering.
i have to upgrade to a business account or something now to resolve it or they will look into it further.
has anyone else had this before?
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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What are you buying and selling?
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fazza
Member
Registered: 7th Feb 08
Location: Plymouth
User status: Offline
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just car parts mainly. as in my project thread i have been selling loads bits from it and buying new bits. have changed my mind a few times on a few bits and sold them on and bought other things
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eddiewhiteley
Member
Registered: 10th Mar 05
Location: down in albion
User status: Offline
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yeah ive just had to do this, its no hassle
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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If you're buying stuff for personal use and not to make money then I can see why they can make you go onto a business account. Check their terms and conditions about personal accounts and see if it mentions limits to how much you can use it for in a certain time period.
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by eddiewhiteley
yeah ive just had to do this, its no hassle
I'd check into it a bit more tbh, as if you've a business account on paypal you may (if it ever came out) have problems with declaring your sales for tax reasons, etc.
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eddiewhiteley
Member
Registered: 10th Mar 05
Location: down in albion
User status: Offline
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they looked into it but i didnt have to change to a business account
i have a verified(2) premier account now
[Edited on 10-06-2008 by eddiewhiteley]
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by eddiewhiteley
they looked into it but i didnt have to change to a business account
Ah, thought you meant you'd changed without a problem 
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eddiewhiteley
Member
Registered: 10th Mar 05
Location: down in albion
User status: Offline
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i just had to do the bank funding thing where they send you a code to prove its your bank account etc, and tell them how much i expect to get a month into my account, i think if its under a certain amount then you dont need a business account.
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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just follow the steps to resolve it. When it ask's for business type, there is an option for not business related. Simple to do.
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