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  #1  
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Default PayPal Upgrade To Business

Hi guys,

I was wondering does the information that PP requires to upgrade to a Business account, have to be legit.

What I mean is can I make up a Business name , address etc?

Must I choose Individual type of business or Sole Trader.


I need to switch to Business since I want to use PP as a payment gateway on my shopify website. Any recommendations about shopify and PP?

I've sold mostly low risk items till now, about 200 items for 2 months.

Cheers
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  #2  
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Default Re: PayPal Upgrade To Business

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Originally Posted by tctctc View Post
Hi guys,

I was wondering does the information that PP requires to upgrade to a Business account, have to be legit.

What I mean is can I make up a Business name , address etc?

Must I choose Individual type of business or Sole Trader.


I need to switch to Business since I want to use PP as a payment gateway on my shopify website. Any recommendations about shopify and PP?

I've sold mostly low risk items till now, about 200 items for 2 months.

Cheers
You cannot use ⊗⊗⊗⊗ EIN/TIN, if this does not match with name, ssn, company name and ein, paypal may hold your money.
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Default Re: PayPal Upgrade To Business

Forgot to mention that it's about the UK.
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Default Re: PayPal Upgrade To Business

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Originally Posted by tctctc View Post
Forgot to mention that it's about the UK.
The point is if you use a wrong info on paypal and you are asked to provide proofs, if you cannot provide them, your money is gone.
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Default Re: PayPal Upgrade To Business

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Originally Posted by tctctc View Post
Forgot to mention that it's about the UK.
You can just upgrade to Business in the UK without any issues. You dont even need to be a business, you can select the Individual option as many individual sellers need to use the business features on a PayPal account.
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Default Re: PayPal Upgrade To Business

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Originally Posted by JayRay View Post
The point is if you use a wrong info on paypal and you are asked to provide proofs, if you cannot provide them, your money is gone.
Are they going to check with British Company House register, if the information is legit?
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Default Re: PayPal Upgrade To Business

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Originally Posted by tctctc View Post
Are they going to check with British Company House register, if the information is legit?
Just use individual option. You wont need to provide any business information as you're not going to be registered as a business. You'll just be using the business features on PayPal (as an individual).
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Default Re: PayPal Upgrade To Business

you just tick the box (agree to terms and conditions) don't you?
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Default Re: PayPal Upgrade To Business

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Originally Posted by JayRay View Post
The point is if you use a wrong info on paypal and you are asked to provide proofs, if you cannot provide them, your money is gone.
They have not asked him for any? nor has he said he has money in paypal
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Default Re: PayPal Upgrade To Business

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Originally Posted by Play View Post
You can just upgrade to Business in the UK without any issues. You dont even need to be a business, you can select the Individual option as many individual sellers need to use the business features on a PayPal account.
What if I reach the Tax Threshold?

Then I will have to add EIN and more I guess.

There is no company having a director or owner with the name I use for my PP existing in the UK.
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Default Re: PayPal Upgrade To Business

Quote:
Originally Posted by tctctc View Post
What if I reach the Tax Threshold?

Then I will have to add EIN and more I guess.

There is no company having a director or owner with the name I use for my PP existing in the UK.
There's no EIN in the UK.

You should be spreading sales over multiple accounts to reduce risk of any suspension or limitation.
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Default Re: PayPal Upgrade To Business

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Originally Posted by rmasif86 View Post
to register a company in uk is very easy and very low price.process time just 6 working hours
Registering a business and then associating that LTD company to a stealth PayPal account will defeat its purpose, you'll waste those "6 hours".

P.S. You can setup a company in the UK in a fraction of that time.
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Default Re: PayPal Upgrade To Business

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Originally Posted by Play View Post
Registering a business and then associating that LTD company to a stealth PayPal account will defeat its purpose, you'll waste those "6 hours".

P.S. You can setup a company in the UK in a fraction of that time.
So can I register a company on the name that I've used for my ebay and PP acc?

Surely I have spread the risk on several accounts, but hey if they develop and reach 25.000 (God bless) I wouldn't want to abandon those accounts,only because PP is requiring docs for a company. I would feel pretty damn sick leaving developed ebay accounts because they've reached the threshold.

If there is a way I will do it to keep the accounts.
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Default Re: PayPal Upgrade To Business

Anyone here?
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