Hit £1650

[batts09]

Will paypal still require docs after the annual date is reset if I don't hit £1900?

[easy.bake.oven]

Yes, I am sure they do

[JamesNorth101]

If you go over £1650 during any year then docs will be required.

[GreenBean]

When did this change?

Not sure about this interpretation at all.

[NoneOther]

Originally Posted by JamesNorth101

If you go over £1650 during any year then docs will be required.

Certainly if you hit £1650 you get a message saying that you need to supply further info but it does not come with a limitation on the account, just the request.

Providing you then do not then exceed the £1900 limit there is no need to submit any docs and the receiving limit will reset on the account anniversary date.

You can continue to buy on the account as normal but you do need to be careful of receiving refunds from any purchases as p/p will count this as income towards the £1900.

[NoneOther]

Originally Posted by batts09

Will paypal still require docs after the annual date is reset if I don't hit £1900?

Only if you have exceeded the £1900 limit before the anniversary date, not once it has reset.

[JamesNorth101]

Agreed that there is no limitation at £1650 itself it simply triggers the request, but you do start the clock. If PP have not had ID within the set time frame then a limitation will be put on the PP account until the requested docs have been provided.

To avoid any of that happening the PP needs to remain under the £1650 limit

[eternity4u]

When is the best time to send the docs?

Do they really check them?

[easy.bake.oven]

Originally Posted by JamesNorth101

Agreed that there is no limitation at £1650 itself it simply triggers the request, but you do start the clock. If PP have not had ID within the set time frame then a limitation will be put on the PP account until the requested docs have been provided.

To avoid any of that happening the PP needs to remain under the £1650 limit

Yes, that's what I thought, but a few posts above says pretty much the opposite - like as in he/she says that if you don't actually reach the 1900 limit and wait until the reset date, you don't need to send in diddly squit and you are all good to go for another year upto 1900.

I have a few accounts at this stage and have not sent in any docs so I will wait and see for myself what happens because there are 2 different stories here and I got confused and also my post are sometimes confusing too so I think I will not give advice unless I personally have had the real deal experience as not to cause others any confusion - sp post number 2 on this thread please ignore as I have not had personal experience with this, but will soon.

[NoneOther]

Originally Posted by JamesNorth101

Agreed that there is no limitation at £1650 itself it simply triggers the request, but you do start the clock. If PP have not had ID within the set time frame then a limitation will be put on the PP account until the requested docs have been provided.

To avoid any of that happening the PP needs to remain under the £1650 limit

I'm not so sure that there is a time limit to submit docs on hitting £1650.

I'm pretty sure that only comes in when there is actually a limitation placed on the account e.g. once you exceed the £1900

[NoneOther]

Originally Posted by eternity4u

When is the best time to send the docs?

Do they really check them?

The best time to send them is before you start to sell, others may disagree.

Yes, they do actually check them.

[batts09]

Thanks guys. I've got to sit out until 27th Feb before the reset date ...Paypal gave 135 days to upload docs after hitting £1650.

They certainly do check docs, I'm struggling on the £1900 limit - seems hit and miss to me....rotation rotation rotation thanks to the good advice on here & the book to keep hold of accounts

[GreenBean]

Originally Posted by JamesNorth101

Agreed that there is no limitation at £1650 itself it simply triggers the request, but you do start the clock. If PP have not had ID within the set time frame then a limitation will be put on the PP account until the requested docs have been provided.

To avoid any of that happening the PP needs to remain under the £1650 limit

That's not what you implied. Dont go making urban myths.

Be careful there.

[GreenBean]

Originally Posted by NoneOther

The best time to send them is before you start to sell, others may disagree.

Yes, they do actually check them.

That is the better way I agree.

It's even suggested by paypal to do that IF there is an expectation of sales going over the requirements.

I have posted this before myself.

[JamesNorth101]

Totally agree with Greenie and NoneOther here.

Getting the docs sent off is one of the first things I do with PayPal.

Better to know if there is an issue with them early on before lots of work has been put into the stealth.

[batts09]

Originally Posted by JamesNorth101

Totally agree with Greenie and NoneOther here.

Getting the docs sent off is one of the first things I do with PayPal.

Better to know if there is an issue with them early on before lots of work has been put into the stealth.

Thanks James, good info here. What work is left to do though on PayPal side? Address, DOB, BA sorted & verified, VCC confirmed at this stage. I guess you can leave eBay alone but you're still frying BAs which is the hottest comodity.

[GreenBean]

@batts09


If you follow stealth, it should be a rare occasion to 'fry' a bank account.

Is it your selling practices that do this? If so, consider changing them

[NoneOther]

Originally Posted by batts09

Thanks guys. I've got to sit out until 27th Feb before the reset date ...Paypal gave 135 days to upload docs after hitting £1650.

They certainly do check docs, I'm struggling on the £1900 limit - seems hit and miss to me....rotation rotation rotation thanks to the good advice on here & the book to keep hold of accounts

Useful info on the 135 days.

[GreenBean]

Originally Posted by NoneOther

Useful info on the 135 days.

Before I started sending docs right from the start I used get that message.

Least paypal is consistent.

LOL.

[NoneOther]

Think I've only ever let one account run to hit the £1650 limit before and never really noticed/remembered any timeframe on the docs request but I do recall that the request went away when the receiving limit reset.

[Ebayance]

I have just opened a stealth PP. Verfied bank account, will add VCC. Do I understand that all new UK paypal accounts have this £1900 receiving limit and the only way around it is to send in docs?

[JamesNorth101]

For stealth accounts it is the only way to lift the £1900 limit.