Re: Will Paypal ask for documents further after they have unlimited my account? Quote:
Originally Posted by djerom Hi
Recently I was asked by payPal to provide documents for my paypal account which is a personal account. I did this and to my surprise they unlimited my account. This brings me to 2 questions:
The initial request was because I had hit the 2000 limit on paypal.
So for my first question) Will they likely ask for documents again in the future? If so the what types and why?
2) Is it best to convert my personal account on paypal to a business account, in the form of a LTD company or a Sole Trader. Which is best? Keep it as a personal account or change it to a business account?
Please note this is for UK Paypal.
Thanks | Did you purchase this account or make it yourself?
paypal can come back at any time and ask for anything it wants if paypal has issues with the way the account is running.
Avoid converting to business. Account comes under too much scurtiny. But if you think your sales are going to be high, then seriously consider running multiple accounts.
Regardless of what account, keep in mind paypal can change its mind on whatever it does. Make sure you have invoices too.
Not sure where you got the £2000 limit. for the UK, the limit is £1900. paypal might still change its mind. Be ready for that. |