2 accounts, one restricted - What to do next?

Ed 209 · #1 08-30-2021

Hi,

I have two personal accounts which I use for business selling.

Account 1) ~1200 feedback, registered 2001. Has been restricted from selling due to going over £85k in less than 12 months.
Account 2) ~700 feedback, registered 2010. Is within the limits currently.

They are both currently linked to the same business bank account (Ltd Company) and I'd like to keep it this way for accounting reasons.

I have a few questions:

A) If I upgraded Account 1 to business, would it risk Account 2 being restricted?
B) Will I ever be able to sell again from account 1 when the sales within 12 months drops below £85k? If I could sell again I guess it would make sense to keep it personal and make a new business account. If not I'd upgrade providing it keeps Account 2 OK.

What would you do in my situation? Should I just make more personal accounts? Make a new business account? Convert the existing or something else?

I will be registering for VAT fairly soon (the current sales have been over different entities which has kept it below the threshold), not sure whether that has any bearing on using personal accounts as the payments are into a business bank account and not my name.

Thanks

rsot · #2 08-31-2021

Welcome to the forum OP - all the best as you master stealth

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The 2 accounts are inherently linked and could have issues...."could". Make new backup accounts and rotate sales - simple. I wouldn't just rely on only the combo you have now

Ed 209 · #3 09-01-2021

Thanks

Do you know if the restricted account will ever not be restricted (when it drops below £85k in a 12 month period)?

Hank · #4 09-01-2021

Quote:

Originally Posted by Ed 209

Thanks

Do you know if the restricted account will ever not be restricted (when it drops below £85k in a 12 month period)?

Not until you provide a valid VAT number.

Ed 209 · #5 09-01-2021

They're not actually after a VAT number. I explained how the sales were done over two different entities and bank accounts (which they were) so they said that wasn't required. It is just the request to make it a business account.

rsot · #6 09-01-2021

You can create new personal accounts and rotate sales while slowly building them - it will take time Ed, just one possibility to keep it simple

Hank · #7 09-01-2021

Quote:

Originally Posted by Ed 209

They're not actually after a VAT number. I explained how the sales were done over two different entities and bank accounts (which they were) so they said that wasn't required. It is just the request to make it a business account.

You said in your opening post that Account 1 had been restricted for exceeding 85K in a 12 month period. I can assure you that without a VAT number the restriction will not be lifted, even if you convert it to a business account.

What a low grade ebay operative tells you and what will happen in reality is often different. Its a situation which has been discussed several times.

In any event, the account is dead unless you do something. So either go for it and see what happens or leave it dormant.