Paypal EU Anti-Money Laundering
- Thread starter Robin H
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They will ask for:
Your ID card / or legitimation
Utility bill
Creditcard or Bank statement.
As soon as you have done this your Paypal account will be restored. If you do not do this you need to wait for them to limit your account ENTIRELY and then you need to wait for 180 days. After 180 days you will get an option to withdraw your money. In that option you will be able to insert a bank account of your liking.
Your ID card / or legitimation
Utility bill
Creditcard or Bank statement.
As soon as you have done this your Paypal account will be restored. If you do not do this you need to wait for them to limit your account ENTIRELY and then you need to wait for 180 days. After 180 days you will get an option to withdraw your money. In that option you will be able to insert a bank account of your liking.
You should not be asking him that as a hosting provider 
Ontopic: 1800 EUR is around 2500$. This is the limit set by the United States as an international money laundering rule. The EU has adapted this rule. It has nothing to do with Paypal itself.
Normally I would love to blame Paypal but this really is a United States international policy.
Ontopic: 1800 EUR is around 2500$. This is the limit set by the United States as an international money laundering rule. The EU has adapted this rule. It has nothing to do with Paypal itself.
Normally I would love to blame Paypal but this really is a United States international policy.
You dont have to proof that to them. Just send the other 3 requirements.
Bank / cc statement
Utility bill (proof of address)
ID Card
The business information is NOT required by Paypal. It would mean just inserting a name into their system. The only reason for this is there are 10.000s of types of businesses wich DO NOT require a SEPERATE tax number. These business types are setup so the owners pay the taxes directly from their personal "tax" number. In my country The Netherlands this is for example a SOFI number. If you get a job, the employer also needs this number to pay you. Evefry person, of every country, allready has a TAX number. This is not necessarily your company tax number.
OFFTOPIC: Having your company registered as a tax payer does not always mean you need to lose your money. If you are an international trader you most likely will get ONLY BENEFITS from your tax office. Since products you buy in your own country you will pay tax on allready at the store. If you sell them internationally you wont get tax benefits from your international clients. This means you can request the money back from the tax office wich you paid earlier for the products you bought in your own country for sales.
If you are selling for example laptops, this could run in the 100s per sale. Wich you will get back from the tax office.
The tax on actual profit you draw to your personal account only applies if you would indeed MAKE the profit and put it on your personal account (from business)
Bank / cc statement
Utility bill (proof of address)
ID Card
The business information is NOT required by Paypal. It would mean just inserting a name into their system. The only reason for this is there are 10.000s of types of businesses wich DO NOT require a SEPERATE tax number. These business types are setup so the owners pay the taxes directly from their personal "tax" number. In my country The Netherlands this is for example a SOFI number. If you get a job, the employer also needs this number to pay you. Evefry person, of every country, allready has a TAX number. This is not necessarily your company tax number.
OFFTOPIC: Having your company registered as a tax payer does not always mean you need to lose your money. If you are an international trader you most likely will get ONLY BENEFITS from your tax office. Since products you buy in your own country you will pay tax on allready at the store. If you sell them internationally you wont get tax benefits from your international clients. This means you can request the money back from the tax office wich you paid earlier for the products you bought in your own country for sales.
If you are selling for example laptops, this could run in the 100s per sale. Wich you will get back from the tax office.
The tax on actual profit you draw to your personal account only applies if you would indeed MAKE the profit and put it on your personal account (from business)
snj_boardmember
New Member
this paypal so dumb. rapidshare has paypal too right?
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