Amount of money held with paypal triggers information request?
Does the amount of money held on the account trigger the request for invoices/proof of ownership on PayPal?
I had two accounts that were verified with all standard methods (card, phone etc.) as well as ID, proof of identity etc.
When the amount of money on each one of them reached 10k GBP I was asked for more information about my business and then limited for "high risk".
Has someone else noticed it as well? If you are only keeping low amount of money on the balance, were you ever asked for those extra information?
Here is what they asked me for: Quote:
- What is the reason for the recent increase in payments received?
- Give a full description of the items sold or services provided.
- Specify the average dispatch and delivery timeframes for the items sold.
- Provide the name and address of your main suppliers.
- Do you post from inventory or drop-ship?
- What percentage of items sold are drop-shipped? / What percentage of items sold are held in stock?
- Provide a copy of any invoices from your suppliers for the merchandise sold. An invoice is an original bill of sale referencing where you purchased or acquired the items you are selling along with the name and phone number of your supplier. *Note: We can't accept Pro Forma invoices as valid unless accompanied by proof of payment.
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