How to deal with giving more information to Paypal…
I have a client who contacted me in regards to his PayPal limited account access. He told me that when he logged into his PayPal account, it requested that he add more information into his already verified account which ended up giving him a limited account access. He then told me he was confused to why, when his account has been verified and he has been using it for the past six months. I explained to him that PayPal looks more into the activates of the account, anything not in routine will give you a Paypal limited account access. Their reasoning is due to tax purposes but if Paypal gives you a limited account access, its mainly do to activities. I explained to him that as of 2012, the united states has changed there tax minimum gross income for people under the age of 65 years to $9750. Then I went on to ask him has he made that much into his PayPal account. I was surprised with the response.
My client went on to tell me that for only having his account in less than six months, he has grossed over $25,000. I was surprised, but when you’re doing business online, skies is the limit. I told him that the cause for the limited account access is in the transactions. I then went on to tell him that that’s where his problem lies. With the limited account access he will definitely have to pay taxes as long as he’s using the PayPal account or Paypal will keep the limited account access restriction on him. Information about his business will be needed before the Paypal limited account access can be removed.
We worked out some simple strategies that would help him to continue doing business with his verified Paypal account and some per cations of operating his Paypal account without getting the limited account access again. The PayPal service as of 2012 has been changing there environment on how business is done. Lots of complaints about limited account access and lost of wages has been filed in court against PayPal. You can contact us at any time if you’re dealing with such issues.
Solving Limited Account Access
It seems like dealing with Paypal, at one point or another you will get a limited account access unless you don’t withdraw funds from your Paypal account. The only time you have to worry about the limited account access is when you can not explain how you get paid. Usually when getting the limited account access becomes scary especially if it is your first withdrawal or your new to dealing with Paypal and haven’t had to get in contact with them about an issue. PayPal monitors closely, especially on withdrawals to personal bank account. If they find your account risky, you need to prove where/how you got this funds and location you are transferring them to. Firstly PayPal will require you to prove that you are the authorized user of the account, you will need to send them:
- Copy of your utility bill
- Copy of driver’s license, IC or passport
Make sure all documents you send to Paypal customer support matches your PayPal account.