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Old 08-01-2019
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Default If I stop selling now, will this Paypal be good for next year?

Account
Because you receive payment for goods or services through PayPal, you must verify your U.S. taxpayer status to avoid limitations to your account

https://i.imgur.com/YiKCj0E.png


Paypal has this notice on my account. Will this reset next year? There is no current limitation or date it's required by. Some people seemed to think the first warning would reset next year.

If it won't reset next year, I had may as well use the account as much as I can. If it will reset, I would stop selling and wait it out.

FYI I am at around 130 Items sold. And well over 20k

Last edited by Leader2dark; 08-01-2019 at 10:15 AM.
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Old 08-02-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

In 2018 If you stopped at this first warning then you can sell again in 2019. But if you sell to Tax ID limitation, then it does not reset and you cannot sell any longer. I would stop and move onto another account.
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Old 09-11-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

On stealth accounts, if you stop at first warning and use another ebay and PayPal account
Can I still use same bank account? Since pp doesn't see it?

Also I'm at 220 items and only 15k
So I'm not at the threshold yet

Can I still use same bank account?
And what does a second warning look like? Pretty sure I'm on the first

Any help is appreciated
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Old 09-11-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Paypal would not let you use the same bank account on more than one Paypal account.
if you want to use the same bank account,remove it first from the first Paypal account.
I am not sure if the two paypal accounts are registered under 2 different persons,would PAypal object?
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Old 09-11-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Yeah it's 2 different but similar names
Should be alright since pp doesn't see the info on the bank supposedly

I'll remove it and wait a week or more before I add it to another
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Old 09-11-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

good idea,let us know how it went
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Old 09-11-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Ok so PayPal sent me the message twice I'm assuming it won't reset at the end of there year. I'm currently at only 11k and probably 220-240 items.
Do you think next year I can just switch PayPal accounts?
Or does it stop my eBay account from selling also?

If I don't hit 20k I'm not supposed to have to send tax info in so.. what are your thoughts?
Should I keep going since the most I'll hit is 15k-16k$

Thank you for reading this
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Dude, you shouldn’t reuse any info on a new account, specially a bank account.
You have the stealth guide, follow it
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

From my experience
We could not predict paypal , its just like Google ranking .. haha
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Quote:
Originally Posted by Fas View Post
From my experience
We could not predict paypal , its just like Google ranking .. haha
Nothing "haha" about this - no jokes
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

FYI followup I sold through 180 units or thereabouts and the PayPal account is now limited.

I got all my money out. Just moving on to the next account as I can't provide the tax info.
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Quote:
Originally Posted by Leader2dark View Post
FYI followup I sold through 180 units or thereabouts and the PayPal account is now limited.

I got all my money out. Just moving on to the next account as I can't provide the tax info.
Nice follow-up with the success on getting money out
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Old 09-12-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Don't worry about first warning, maybe slow down. But second warning you need to stop fairly quick (10 more orders is OK but they will limit before 200/$20000. Could be 150/$40000 or 1000/$8000 but definitely they will limit pretty fast after second warning.
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Old 09-13-2019
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Default Re: If I stop selling now, will this Paypal be good for next year?

Quote:
Originally Posted by 0nelove View Post
Ok so PayPal sent me the message twice I'm assuming it won't reset at the end of there year. I'm currently at only 11k and probably 220-240 items.
Do you think next year I can just switch PayPal accounts?
Or does it stop my eBay account from selling also?

If I don't hit 20k I'm not supposed to have to send tax info in so.. what are your thoughts?
Should I keep going since the most I'll hit is 15k-16k$

Thank you for reading this
Next year PayPal may not be an option. Right now it is but seems they are trying to get managed payments moving along faster.
PayPal will be at begining of yr and maybe longer but I think it's gonna be it next yr. My opinion.
Many sellers forecast longer but I have read Aug to Oct of next year on eBay forums.
It's a wait and see I guess.
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