Forum

Just got Limited - need advise please.
 

I have had a PayPal account for years and it is completely legit. I recently created a secondary business PayPal account using a different address and name. I did not add a SSN or EIN. I do have a bank account linked to it.


What I did was I sent some money from my primary account to that secondary account using a credit card. I simply created some invoices using the business account and paid them using my primary account. So now that secondary business account is limited.

PayPal is asking for ownership, a SSN or a EIN, and other proof of address and business. There is a whole slew of things they want. They even called the phone number I had listed. What can I do? Is there anyway to clear this up? What if I applied for an EIN and used that for the business account? The address I used is legit. I assume that PayPal just doesn't want one person to have multiple accounts.

Thanks for any help. I hesitate to do anything until I get some advise.

What is the purpose of sending payments to yourself? Is this some kind of circuitous way of doing a cash advance on the credit card? Why not just go to an ATM and do a cash advance that way?

Sending money from one pp to another is risky unless you know what you are doing.

Why not send to a bank?

Personally, I would never do this .... and definitely not more than once.

I recommend not to do this.

Only a vet who has extreme knowledge can get away with it.

Well, I didn't get away with it. What is going to happen now? Will they close my business account? I have added my EIN to the account and given them proof of my address but I don't think that will be enough. Luckily I don't have much money in it, only like $70.

Here's what you do now. You join the darkside.

Start making stealth accounts. Never make long-term plans for an account, instead your long term plan will be having back-up accounts ready to go at all times.
Don't use real info, don't give out your SSN or EIN. When your account gets limited, move on and collect your money in 180 days.

Start reading the forums, read the stealth guide which is probably a little out dated, I'm not sure if they update it, but for the most part, most of it works.

There's some amazing members here who are very helpful. Start posting on the forums and you'll get all the help you need.

Thank you for the advise. I am going to order the book. However, I am still wondering what will happen to my account? Will they close it?

Yes, you will have to wait 180 days to get your funds.

I would call it quits on that account. You may provide them all that info and still get denied. Acquire the book and move towards a new account. Transferring money from account to account can be done but I would never use a credit card to do this and like stated before there are just alot of factors to take into consideration when doing this. Put the account in question behind you and look forward with a new account. Best of luck

Yes, that is what I am going to do.

Thanks!!!

Even if everything is legit you never send anything to yourself or anyone else. It is a headache waiting to happen. PayPal just sits there waiting for irregular activity waiting to pounce on it.

How much interaction do you have with the paypal account of someone you sell to in the same year? Fall into routine patterns between accounts and wave them goodbye.

I do this all the time but you better know what your doing, one slip up and you're done.

Yes, that is what happened. I don't care about my secondary account (the one that is limited now) but I hope nothing happens to my primary one. That one is legit. Care to share the right way to do this?