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After 200/20K, any account still ok?
 

After reaching 200/20K, anyone's paypal account still has not be requested for TAX ID and still works ok and not limited?


Or it is 100% thing that paypal will be limited from NO TAX ID provided?


Thanks

It is a need for paypal to comply with IRS requirements.

If IRS squeezes paypal, sellers will be squeezed in turn.

Do not forget, paypal may enforce with-holding 30% of gross earnings if tax ID requirements are not meet.

:juggle:

Most of the time you get limited even before you reach 100%

Thanks... Just to make sure paypal will limit it every time.

I know people who get up to $35,000 without complying. However, $35,000 is placed into their account within 3-4 days, it's happens very fast.

Normally 10k-15k will happen day one, funds are withdrawan, then 20k more follows over the next few days.

Account is Limited and they wait 180 days for the balance.

That's life the Stealth way.

These are people away from this forum?

Mainly our users have not reported getting a 180 day limitation as you said.
Maybe expand on this.

It has serious repercussions for us.
:peace:

Doesn't the 200/20K start over to zero on January 1st? I was under this assumption and then went to revive 2 accounts that had met their limit and they're still showing limited.

If this is the case, that means that ss needs to be provided even though it's a new year?

Also, if it is true that it doesn't start over to zero at the beginning of each year, does it just keep getting added on until the limit hits? Meaning as an example-an account reaches $12K in sales in 2012, in 2013 gross sales will add onto the $12K or it will start over at $0?

The entire time of last year I had thought the clock started over and the possibility of that not being true is going to screw me to the point of possibly needing to throw in the towel.

Thanks guys.

Let me know if this would be a better question answered by posting a new thread. Thanks!

Yes - it should start over. At least it did for me last year...

I have 9 accounts-2 reached the limit and haven't started over. I do NOT want to call them lol. Any suggestions?

solution: open another account.

lay low, don't bring attention to your account.

I haven't had to open an account in over a year and a half. I don't have the energy or nerves to create additional ones. And unfortunately my product is one that requires a very good reputation.

@Packattack12, did it happen automatically for you?

Yes, they are not involved with this forum.

I have a good friend who does 40k to 60k a month Stealth for 4 years now (no Ebay products, Digital Downloads). Most of the money enters into his account within 6 days (on average).

His accounts are all stealth. He recieves a notice for docss after he hits the 20k mark. Money will continue to be accepted into his account while PP waits for docs.

He tries to withdraw as much money as possible without getting limited.

Once he hits around 30k to 35k PP limits his account.

Once he fails to submit docs PP then Limits his account and any funds left are frozen for a 180 days.

He creates all his PP accounts with VPN, go figure.

Hope that clears it up a little.

P.S. I'll know firsthand myself in the next two weeks with my own PP account. I'll report back.

No, it well may not.

I just dug-up this older thread.

http://www.aspkin.com/forums/paypal-...uest-help.html

Read post 11 by jeffweico. His advice has always be as close to the mark as possible.

System might change if preparations are not made.

This could be a serious problem for me! It's the 3rd and my 2 maxed pp accounts still haven't reset. I get pretty close to $20k on all 9 of my accounts so the goal was just to keep them all under every year. If one gets too close, delete my listings (I only do BIN's) and let it sit.

I've got to find out how it gets reset since another user here said his did. Is it automatic, manual, on a schedule, random, based on last name in alphabetical order? Ugh.

Everyone needs to be prepared with people who have reported extremely low sales and items sold and getting the request.

200/20k means NOTHING.

It is just a target that the IRS give pp and pp wants to be ready if your account has the potential to get close to that number.

If you sell tons out of the gate in 2013 I would suggest you slow down and use more accounts.

Agreed Sandy.. I just got an RXI peyplap email about limitation... From an "compliance department" employee.. They are stepping it up. It seemed like a harsh email, asking for the info. BUT, the account still can accept funds and last year never met 19k. So i think it's just a scare tactic. BUT, you just never know when the hammer will be dropped....


A wise man once said.


SPREAD SPREAD SPREAD......

RXI peyplap ????

When payp full on limits you, they send you an email with "RXI" in the subject along with a code. It's usually a serious limitation.

I just got one of those. I have 2 accounts that are requesting SS# so I thought I'd take a chance and ask about those limits being set back to $0/0 at the beginning of the year. Instead of answering me, it sent me one of those RXI emails asking for my SS#...

I have some pending cash in my pyp al for about 5 months now, i decided to email them, and that account is also the same one that got that email.. And it's still working fine, but keep in mind.........

Don't bother them if you don't have to or if the amount hassles etc.. are worth it. That's always the way i worked. Lesson relearned... heh

I'd take a $100 refund over them opening a case.. too many cases opened will flag you.I had a 100% TRS account flawless for 11 months. Then right before christmas he got bombarded by difficult customers. eg.. 3 negs and a few open cases in 1 month, e.... called me luckily i was home and answered. She asked if i was aware of the recent situations etc.. etc.. i spoke to her candidly like a professional and she said she was glad i was aware and resolving the situations. And i could continue to sell. have a nice day gg.. in the future it's best to refund, if complainer buyers want you to pay shipping... for a return, pay it. Not worth losing an account or a negative over anything less than 500-1000$ when that account could net you 19k pre taxes sales.

Absolutely TRUE!

That goes for any business regardless if it's Stealth or not. In todays internet environment it's way too easy for someone to destroy your reputation. Just look at all the Yelp lawsuits.

I happen to be a business consultant. I tell all my clients, "swallow your pride, give the refund, Blame yourself for the mistake, and ask the customer if there is anything else you can do to help them."

In many cases, not only has the customer not posted any negative info but they have become some of my clients best customers.

Business is hard in todays litigous environment. It's usually much easier to keep an unhappy customer for very little money vs a Mad customer who is out to destroy you.

God help the business owner who ticks me off! :rant:

Well, despite my close monitoring of the situation I got the dreaded email requesting the SS#. The account is still functioning normally, but do not want to risk anything.

It is giving me 2 options, provide a SS# or convert to a business account and provide an EIN number.

Now, I have a valid SS# I can use (that has never been used on paypal before), however, it does not and will never match the name that is currently on the account. Does anyone know if this matters ? That is, do they compare the SS# and the name on the account in any way ?

Thanks in advance.

How can you call yourself Mr Stealth and have a real PP account?

I would NEVER have a real PP account again, EVER!

Why give them info to cause you harm?

I'll never understand why people come to a Stealth forum and want advice for legit accounts.

PP is not nice, don't play by their rules.

Set up business accounts like I do and don't give them crap. :fight:

Do you have a different EIN for each PP account? That would be insane, but I see no other option if you go the EIN route, correct? Then you have to have valid addresses to receive your 1099's. I have 9 accounts and none of the addresses are valid. How the hell do you do that?!

Just an FYI...

I sent an email on my 19k account that couldn't receive funds.. asking..It's a new year etc... when can i sell on ebay, i have 100% feedback and a TRS. I got a response that my account was being reviewed.

I woke up this morning to this email..

"Our review is complete and we have restored your account.

We appreciate your patience and thank you for your help in making PayPal
the safest and most trusted online payment solution.

Thanks,
xxxxxxx
PayPal

Please do not reply to this email. This mailbox is not monitored and you
will not receive a response. For assistance, log in to your PayPal account
and click the Help link in the top right corner of any PayPal page."

so you are ready to roll on your account now? crazyness if that is true

great job and i hope i can call them on saturday and fix mine.

I just want to make sure I understand what you guys are talking about. So let's say they ask for SS# at 12K and 100 sales, from what I'm reading about 19K, I can still receive and do business on the account until I hit 19K and then they don't let you receive funds again, and the next year, you can start over receiving funds until 19K again? It sounds too good to be true, but I want to be sure. I have 5 PP accounts right now and toward the middle of the year, I will make a few more in order to further spread sales and try to avoid the SS# request. I appreciate an input on my question.

unfortunately when you receive the message for your ssn it will not stop until you give it to them. I was at 18500 when they limited me from receiving funds so i had to give it to them just to stay afloat for the rest of the year. Now im just under 20k for 2012.

Did you continue to sell even after they asked for it? I understand that they may keep asking for it, but if you don't give it to them, can you still receive funds up to a certain amount?

Once you are actually limited, meaning you can't accept funds or close your account, it will NOT start over at the beginning of the year. You either give it or move on.

Jury is still out on whether it starts over for accounts that have the request but are still going.

Even if paypal puts a NOOSE around your neck, never supply the SSN.

Regard the SSN as sacred.

Set up an EIN/LLC. That gives some protection.
paypal could never deserve to have your SSN.
IRS is different.

It's a nasty flag on the paypal account.

You will need to monitor closely what you do & do not do.

:fight:

^^wish I had thought that one through a year ago. Gave 2 valid SS# for 2 of my accounts. TOTALLY regret it.

I did continue to sell until I was a couple hundred under the 20k limit (kept very close records of my transactions to see where im at). If you don't give them an ein or ssn they will not allow you to receive payments which would continue until you give it to them

Okay thanks for the info. I'm just going to keep selling carefully and if I get shut down, I am going to form a DBA and get an EIN.

I was actually limited last Mid Dec at 18.9k from closing the account or receiving funds for not providing a Tax Id. A few days ago after receiving my Dec PayPal statement my account was reinstated. I had about 600 payments received for 2012.

Nice input vogeltron - so you got reinstated for the New Year.

Awesome!!!

Good job.

How do you know your amount is 19K?

easy way to find or track?