as you approach the £1700 mark on paypal

[dburnside]

Set up bank funding
Add Bank Account
Submit Direct Debit Agreement
Confirm bank account
Business information
Supply additional information
Confirm account information
Confirm your information We were unable to confirm the information you provided
Confirm by phone or post

all my items are ticked but beside one of them it says unable to confirm

in a month or so i will reach the £1700 mark on paypal

what exactly will they request when i get there, i cannot remember what happened last time

also this unable to confirm will it be a problem?

[NZT]

Which one is unticked? Let me know and i will be able to help you.

[captainjack1980]

Hi, that is normal.... PayPal couldn't confirm your info by publicly available databases (electoral role etc.) so you did phone/post confirmation.

The £1700 relates to EU anti money laundering legislation and you could be asked for further verification before you reach it or after you have passed it.

Usually further confirmation of ID and address is required (so passsport/DL & a utility bill/bank statement would be the norm).

CaptainJack

[NZT]

Oh sorry i didnt read the initial post correctly.

Isnt this the part where the ask to confirm your phone number or address and you have to enter the security code?

That seems to be the next step to getting fully verified.

Have you added a Bank Account at all? Its worth doing in my opinion. As you have certainly done some trade to get close to the £1700 mark, and if this is a series of small low value items I would certainly complete the steps to get fully verified.

I assume you have a certain amount of feedback in you ebay account aswell.

[captainjack1980]

Yes that is the bit with the security code.

As I read it the OP is fully verified with bank account confirmed.

They are just concerned about being asked for further info once they pass the EU anti money laundering ceiling limit.

CaptainJack

[GreenBean]

He's asking about what to do WHEN he gets closer to the £1700 money laundering amount. He's verified already .

[dburnside]

yes all is verified, all items are ticked on my verification so no doubt i shall have provide some id and utility bills , must get them ready then

[oompaloompa]

watch out , they can ask at a point £1200 onwards...

ID, no you dont need to provide it usually

[idiotbay]

is it possible to avoid it , i remember on my first ebay/paypal account i must have gone way over that

[captainjack1980]

No it is just a case of waiting for it to happen and having the basic additional documentation prepared to overcome any temp restrictions/limitations as quickly as possible.

CaptainJack

[NZT]

I have never had to provide anything. Is this a new regulation?

If they were to ask for it I would close the Paypal account.

[captainjack1980]

No not new....

Just seems to vary when (or indeed if) you get hit with it.

CaptainJack

[NZT]

So if you get hit they want what? Just utility bills etc? Things you can "tweak"?

[captainjack1980]

At £1700 they are obliged to further verify your info to prevent money laundering.

They usually request photo ID and something to confirm address, so yes utility bill etc.

CaptainJack

[NZT]

photo id? hmmm i dont think i would bother, what about you. Do you do this?

[captainjack1980]

Yes I have had it on my main accounts and I provided.... I used my real name so it wasn't a problem.

Could be that I was unlucky though, as I say what/if/when seems to vary!

CaptainJack

[GreenBean]

^^^It's strange the way it gets applied. Not just luck of the draw but what items are sold and how quickly monies move in and out of the account.

[oompaloompa]

Originally Posted by Neo

I have never had to provide anything. Is this a new regulation?

If they were to ask for it I would close the Paypal account.

dont think you can close account, at that point, you can send and withdraw up to the limit though, so you could clear account out....Ive not had a request for id though, they just ask you for the tick list

[NZT]

Well I have never seen it and have gone way over those limits. Like you say hit and miss when and where applied.

Thanks for the heads up. But I have never once sent verification documents.

This for me is a matter of principle, too much Orwelian 1984 in my mind.

[oompaloompa]

^ yes but its stealth Orwelian, the docs they get are worth less than loo roll...

[NZT]

Yes lol, but my problem is that once I start bending the rules and doing things then I lose track, everything becomes grey and before long I have authorities at the door (again)

I have a real problem with rule breaking and I try to be careful now, for example if I send some loo roll docs this week, then I might think its ok to make a nice new passport next week, lol thats just me.

[oompaloompa]

ooooo I want to hear this story pming u....