Paypal : Identify yourself or your business type

[Lheonard]

Hi,

Paypal are asking me to choose between individual consumer, sole proprietor, or business for my account.

What should I choose between sole proprietor or business? Will they ask for docs after? I still have money to withdraw should I withdraw all the money before?

Thanks.



Provide information about your account.
You have 131 days to resolve before your account becomes restricted.

* Jul 2012: You have received €1,800 or more in total payments to your PayPal account in this calendar year and are therefore approaching our annual receiving limit of €2,500. PayPal is required by law to comply with European Union Anti-Money Laundering regulations by collecting information from customers when they reach this limit.

Identify yourself or your business type.

Confirm account information.
We need to confirm your account information or collect further information.

[NoneOther]

Answer according to your business model i.e. if you are not a limited company then you are a sole trader or individual.

And if the account is in stealth details they will not be able to ID you using public records and after two attempts to do so will request photo ID and address verification documents.

There is no way to avoid it so you will have to supply them what they ask for and yes withdraw the funds before and make sure they have cleared before you submit the docs

[moneyhustler88]

a sole propietor is best way to go

[Lheonard]

Thanks very much. I will withdraw the money first, then choose sole proprietor, and then try to be creative.

[Lheonard]

So far I created all my stealth account with en tr op ay will it cause problems if paypal ask for bank statements? If this is the case I will create the next ones with other cards.

[NoneOther]

There are potential issues as e/p do not issue statements like other card providers

[Stigger]

Originally Posted by moneyhustler88

a sole propietor is best way to go

Couldn't be more right.

[Lheonard]

Originally Posted by NoneOther

There are potential issues as e/p do not issue statements like other card providers

That's what I thought, I will try to use an alternative.