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Originally Posted by just_smile (Post 881570)

Theres no set answer really. Aslong as you grow sales gradually and dont sell risky items then theres no reason to limit sales. You can go much higher than that if its built up gradually.

I do advise using multiple accounts rather than have one account.

Originally Posted by craigloganbt (Post 881410)

What is a good rule of thumb to stay under gross sales value on personal accounts to avoid paypals axe coming down?

I've been selling at £2-3k per month per aged account. Can i push it any higher or am i running with the bulls by doing so?

Also do refunded orders count towards total gross? Far too many scammers on ebay grrzz

Originally Posted by GreenBean (Post 881794)

Not for personal accounts in the UK.
IMHO, you are sailing close to your limits now. What sort of bank account is attached? Current or basic is what I want.
You do not want to be asked to upgrade to a business account. Unless you think of going that way.

:spy:

Originally Posted by craigloganbt (Post 882026)

Thanks for the reply. I always felt there was a limit. I'll have to resist temptation and stick to 2k. It just so tempting when you have sold 2k on all accounts by the 15th :juggle: Patience is key.

Originally Posted by craigloganbt (Post 882026)

I'm using high street savings/isa's. How Would paypal know the difference since sort codes are by branch not account type?

Originally Posted by craigloganbt (Post 882026)

You are right about the upgrade to business. I've only ever successfully got one account through the limitations process years ago, I don't even try now its soul destroying waiting for them to tell you no.

Originally Posted by Play (Post 882092)

On a well matured account with sales history, I would always stick to below £4k/month (spread over the month, not as one lump sum).

Any more, i'd spread over multiple accounts.



Usually since the direct debit mandate wont go through. But savings accounts work just fine.

I wouldn't use ISA, as any withdrawals into such account will be cutting into your yearly ISA allowance. i.e. if you withdraw, withdraw, withdraw... and you exceed £20k (this year), then HMRC will probably be in touch for using more than your allowance.



No issue with PayPal being a business, but depends on how you set it up. Set it up wrong, and it could pose a lot of issues. Best to stick to Premier/Personal in the UK though.

Originally Posted by craigloganbt (Post 882268)

Thanks for replying! Can you expand on " mature" I've a few accounts 6-8 months old selling 2-3k per month for 3-4 months total sales 10-12k

Originally Posted by craigloganbt (Post 882268)

Rules have changed with ISA's any money withdrawn is also added to allowance ( i noticed so when opening this one it said so.) + Even under the old system, 20k sales is better than no sales hey!

Originally Posted by craigloganbt (Post 882268)

I noticed the problem with business accounts as i just set one up, its "legally" required that you set up DD to confirm account/raise withdrawal limit past 500, since i'm using savings, not possible.

Originally Posted by craigloganbt (Post 882268)

I'm not sure how "legally required" it is probably just paypals way of passing the blame

Originally Posted by Play (Post 882315)

Have you got a link where it says this? My bank still emphasises that any withdrawals cannot be replaced with funds for the same year. i.e. if you withdraw the full £20k, you cannot add any more money back in the same tax year.

Originally Posted by craigloganbt (Post 882613)

It just popped up when i opened the ISA. every time i withdraw from my ISA my allowance goes back up to 20k too It says below the account remaining allowance: £19830 i withdraw the £170 i just deposited and it returns to 20k

Originally Posted by harminder86 (Post 883193)

Each time i reach near 1000 i get limited for withdrawing about 900

Originally Posted by harminder86 (Post 883193)

Each time i reach near 1000 i get limited for withdrawing about 900