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Pure Glass

  • Posts: 384
Paypal limit
« on: January 04, 2013, 11:59:53 am »
Ive just finished sorting out a bit of a problem with Paypal

If you pay in over £1900 in a calender year, they automatically put a stop on your account until you can provide them with a range of information including details on partnerships, incorporated dates, etc

This is because they act as a bank and have to comply with EU law

What was a real kicker for me was that this happened on the 27th December and so i couldnt get to the £70 in the account

Steve
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Steve Sed

Re: Paypal limit
« Reply #1 on: January 04, 2013, 12:48:19 pm »
I still can not see why anyone would want to use Paypal for payment. Until December I traded online and always resented Paypal fees. I used a mecrchantacount on my website which was much cheaper. What is wrong with bank transfer? It is free! 
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Pure Glass

  • Posts: 384
Re: Paypal limit
« Reply #2 on: January 04, 2013, 12:54:22 pm »
i use bank transfer as well, and offered paypal as an additional service

Over the year, paypal has cost me £100. Ive definatley saved that in diesel, not having to collect
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Steve Sed

Re: Paypal limit
« Reply #3 on: January 04, 2013, 12:59:47 pm »
Quote from: Pure Glass on January 04, 2013, 12:54:22 pm
i use bank transfer as well, and offered paypal as an additional service

Over the year, paypal has cost me £100. Ive definatley saved that in diesel, not having to collect
Why do you suppose it is Paypal fees or collect? I don't collect. Never have. Nor do I pay Paypal fees or SAEs. Cash, cheque or bank transfer. That's three payment options. Quite enough I think.
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Window Washers

  • Posts: 9036
Re: Paypal limit
« Reply #4 on: January 04, 2013, 05:32:18 pm »
Quote from: Steve Sed on January 04, 2013, 12:59:47 pm
Quote from: Pure Glass on January 04, 2013, 12:54:22 pm
i use bank transfer as well, and offered paypal as an additional service

Over the year, paypal has cost me £100. Ive definatley saved that in diesel, not having to collect
Why do you suppose it is Paypal fees or collect? I don't collect. Never have. Nor do I pay Paypal fees or SAEs. Cash, cheque or bank transfer. That's three payment options. Quite enough I think.
card machine Steve ?
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If your not willing to learn, No one can help you, If you are determined to learn, No one can stop you ;)

Window Washers

  • Posts: 9036
Re: Paypal limit
« Reply #5 on: January 04, 2013, 05:35:55 pm »
Quote from: Pure Glass on January 04, 2013, 11:59:53 am
Ive just finished sorting out a bit of a problem with Paypal

If you pay in over £1900 in a calender year, they automatically put a stop on your account until you can provide them with a range of information including details on partnerships, incorporated dates, etc

This is because they act as a bank and have to comply with EU law

What was a real kicker for me was that this happened on the 27th December and so i couldnt get to the £70 in the account

Steve
was you using a personal one or business account Steve ?
all that is, is verifying your a business, its easy, can see it being a nightmare though if you didnt know this.
Logged
If your not willing to learn, No one can help you, If you are determined to learn, No one can stop you ;)
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