Paypal limited Asking for more details

[jenupy2j]

Hi
Today My payal was limited I guess because of increased payments over the past few days.

It is asking me the following :

- Supplier contact information
- Business model information:
o Goods or service offered
o Invoices for items sold in the month of April proving stocks.
o Business formation date
o Reason for the increase in payments
o Expected monthly payment volume for the next 6 months
o Do you post from inventory or drop ship?
o Number of staff
o Cash flow position
o Financials up to date if avaliable

I am not registered as a sole trade, so I do not have business model information, cash flow position, business formation date.

What can I do?

Thank you

[rsot]

If you cannot provide all they are asking for....you need to call them up and explain why you cant and have them changes the requirements...

[jenupy2j]

In the past month, I have had over 75K GBP received in my Paypal. This is a much higher amount than before, It is because I have been selling a high value electronic item (quite a lot) in the past month. This is why it is limited.

I can provide supplier information , invoice and reason for increase in payments. However I cannot provide business documentation, Cash flow position , Number of staff (Don't have any) and Business formation date ( I am not a registered business)

Is this a problem? Will this they limit my account permanently?

Thank you

[Bunneh]

You will need to provide all information they require for them to even consider reinstating you.

Hope you dont end up having to wait 180 days for your funds.

[blinkracer]

i think you have to call them and explain your situation, it's your unique chance to resolve your issues.

[aspkin]

Call them up, it's best to talk to them directly as the person you talk to can help you out with certain requirements if need be.. I don't see this being a big deal in your case.