 Re: Will my paypal account become frozen for not supplying tax info?
Okay - I have a dirth of knowledge about this situation so here's a brain dump.
The limit has been 200 AND 20,000 for 3 years now, and PP used to limit people's accts for the IRS at approximately $17,000 in sales, but now they've changed it to limiting people at around 175 sales for the year, which stinks for sellers of small gidgets and whatnots like myself (my average sale is about $6).
Your PP will be quasi-limited until next year, Jan 1st-7th. You will be able to withdraw and buy using your PP balance, but you won't be able to accept money and your checkout options will be turned off (like any PP webapps you use).
You don't lose the money. It just gets put in inconvenient stasis.
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"There is no peace without war." -Cortex
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