Reached anti-money laundering limits for EU - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 01-12-2011
Junior Member
 
Join Date: Jan 2011
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 69%
iTrader: (0)
Default Reached anti-money laundering limits for EU

I got a message when I logged in in my paypal account. I'm sure a lot users from here received this message at some time and I just want your advice.

"Jan 12, 2011: You have received 1,800 or more in total payments to your PayPal account in this calendar year. PayPal is required by law to comply with European Union Anti-Money Laundering regulations by collecting information from customers when they receive more than 2,500 in total payments within a calendar year. Please go to the Resolution Centre for more information on what you need to do."

I have to resolve some kind of dispute to raise my limit : "identify yourself or your business type"

What is your ownership type? ( I need to choose from this 3 options) :


1)An individual consumer

2)A sole proprietor

3)Any other type of business, charity, or government entity

Well,I guess I need to justify to paypal where this money came from.

I sell on internet marketing and seo forums pdf books and some backlinks packs. What do you suggest me to choose ? I heard that if you choose business you need to give to paypal receipts and other things like that.

What is the best option to choose ? individual consumer or sole proprietar ?

Do I need to show them my sales forum threads so I can prove where the money comes from ?

What they will ask me ?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-13-2011
Junior Member
Threadstarter  
 
Join Date: Jan 2011
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 69%
iTrader: (0)
Default

no one can help me ?
Reply With Quote
  #3  
Old 01-13-2011
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,042
Thanks: 5,509
Thanked 9,024 Times in 7,037 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

If your flag was ROMANIA in the 1st place, others might have understood what you were trying to find out.
It is not usual for a USA person to have to comply with anti-money laundering laws for the EU.

Payapl are not trying to lift any limits: they want you to show them who you are, where the money is from and prove you are not doing anything out of order. Supply the info as you outlined in your post.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #4  
Old 01-14-2011
cherrqell's Avatar
Executive [VIP]
 
Join Date: Jun 2010
Posts: 465
Thanks: 84
Thanked 93 Times in 63 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Quote:
Originally Posted by wizard2000 View Post
"Jan 12, 2011: You have received 1,800 or more in total payments to your PayPal account in this calendar year. PayPal is required by law to comply with European Union Anti-Money Laundering regulations by collecting information from customers when they receive more than 2,500 in total payments within a calendar year. Please go to the Resolution Centre for more information on what you need to do."
I wonder when something like this is gonna come down the pike for the USA.

The way things are going, I can see this in the very near future.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Anti Money Laundering More ID Requirements For Paypal Australia craigoaus AU PayPal Talk 43 11-11-2012 09:35 AM
limited due to Australian anti-money laundering laws‏ christos AU PayPal Talk 11 06-29-2011 04:37 AM
"Help us comply with Australian anti money laundering laws" efebay AU PayPal Talk 17 01-05-2011 08:57 PM
PayPal Limited because of money laundering skyichigo Paypal Limited 4 04-22-2010 09:30 PM
Bypassing Paypal's Money Laundering Limit bayproject1 UK eBay & Paypal 5 12-12-2008 04:52 PM


Aspkin Group

All times are GMT -5. The time now is 01:59 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts