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Paypal limits

Q

qwerq

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Oct 15, 2012
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So I'm starting to reach the Paypal limit of recieved money (2400?) and got to send them a picture of my ID and something like the phone bill. That's no problems, but what will be the next "limit" after this? They claim it's because of EU laws preventing money laundry etc. Anyone that can clear this out for me?
 
There is no next limit. But depending on your country law, if money flow through your paypal is too big, paypal can inform your country office of taxes. And they investigate your incomes.
 
actually i suppose the money at once is very important

if you do a constant flow that should not be a problem
 
Yeah i heard that too. I believe large amounts of cash in short period time qualify as "suspicious" for paypal. Also, large instant withdraws can trigger that alarm also. Just keep calm and dont be to greedy, i always leave 500 euro on my paypal before withdrawing 500. paypal is afraid that the money withdrawn can be from scaming ppl, then people file chargebacks and paypal has ti give them money out of their own pocket. So in this way, i kinda ensure paypal that if chargeback is requested (which it wont) paypal can take money out of my account, thus making me trustworthy.

:rolleyes:
 
There should be no limit once you have confirmed your identity.
 
Bertrand said:
Yeah i heard that too. I believe large amounts of cash in short period time qualify as "suspicious" for paypal. Also, large instant withdraws can trigger that alarm also. Just keep calm and dont be to greedy, i always leave 500 euro on my paypal before withdrawing 500. paypal is afraid that the money withdrawn can be from scaming ppl, then people file chargebacks and paypal has ti give them money out of their own pocket. So in this way, i kinda ensure paypal that if chargeback is requested (which it wont) paypal can take money out of my account, thus making me trustworthy.

:rolleyes:
Click to expand...

Paypal would never pay from their own pocket. They still have your credit card information so they just charge you from that.

Paypal is a greedy organisation and wouldn't allow chargebacks if there would be any risk they'd have to pay for it.
 
Ok, thanks for clearing this up. Lets just hope they wont inform Skatteverket!
 
if you make more then 20,000 and have more then 200 transactions paypal will tell the tax man and he'll give you a titty twister and take some money from ur pockets
 
harleystcool said:
if you make more then 20,000 and have more then 200 transactions paypal will tell the tax man and he'll give you a titty twister and take some money from ur pockets
Click to expand...

How can you be sure that it's exactly 20k?
 
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