VERY interesting PayPal Update

[jmag91]

So I got the Tax email on December 29th or so, and just yesterday, January 2 the message has vanished. I think it reset with the new year.

So lesson learned: If you're within the 30 days before you're limited, it WILL reset.

[JamesNorth101]

I’m sure that happens every year doesn’t it?

[jmag91]

Originally Posted by JamesNorth101

I’m sure that happens every year doesn’t it?

Not quite. Now PayPal sends you an email stating you need to update your taxpayer status. They then give you 30 days before your account gets limited. (They dont tell you 30 days, but that is when the algorithm limits your account).

So now I've learned that if you get it 30 days or less prior to New Year, you will be okay because it will reset and the message will disappear.

In essence, we can sell all we want from December 4 - December 31 and be fine because the message will disappear on January 2.

[yankee]

It depends on if it was the first or third request. First request, this is what happens. 3rd request, it does not go away.

[jmag91]

Originally Posted by yankee

It depends on if it was the first or third request. First request, this is what happens. 3rd request, it does not go away.

Oh interesting! Okay. Yes this was my first request so that makes sense!

[0nelove]

I thought 2nd request, it doesn't go Away and stops your incoming sales?
Until you enter the tax info