 PP Limited ... and Restored
I've had this particular account for about 5 years. It has an LLC EIN attached and the name on account isn't 100% correct. It's 'nearly' my real name and I'd had my real account limited in the past. This account does around mid 5 digits in monthly sales, over $600K yearly.
Some month last year, I had particularly good volume and hit 6 digits in sales. About a week or so later I received the dreaded 'Your PayPal Account' email saying they noticed an increase in payment volume and limited my account.
They asked for the usual: ID, bills, SSN, invoices. I thought about it for a while, and decided not to get too creative. I sent everything in as requested except I gave EIN instead of SSN. Everything else they asked for I gave, and hoped for the best.
Few days later, I got a call from PP; guy basically said they would restore my account but would put a rolling reserve of *% on all the funds I received. Of course I agreed to this and a minute later voila! Account restored.
Just got me wondering, did they verify the info I gave them? Or did they look at my account and decide I was too valuable to just get rid of like that? (I know its frowned on around here but I typically also have a healthy balance sitting on my account).
Also, they sent me another email and it indicated that they pulled a credit report to determine how much rolling reserve they would be holding. Has anyone had a similar situation? I'm just extra happy not to have lost a really, really valuable account.
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