I just turned into a business account a private one , look at this message i got

[Color]

We need more information about your business under applicable regulations. "" Please provide the requested information by 22 August 2020( we are on septenber ). This takes a few minutes.

"Why do we need this information?"

The Foreign Account Tax Compliance Act (FATCA)

[getstealthed]

I guess thats USA law, mandatory maybe.
Its same with EU, sometimes they ask for stuff.
I just move to new account.

[booras]

Why did you change your account from individual to business if i can ask?
There is any sales limits on individual or something ?

I just running individual account and wonder if PayPal will ask me to change it to business one day.

[SaiJin]

Originally Posted by getstealthed

I guess thats USA law, mandatory maybe.
Its same with EU, sometimes they ask for stuff.
I just move to new account.

based on his flag, it seems like a UK account actually.

[Color]

Originally Posted by SaiJin

based on his flag, it seems like a UK account actually.

European so I really don't understand

[Color]

They wrote that even if I am not in USA and fatca collect data informations etc