elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Thu Aug 26, 2010 10:28 am Post subject: Additional PayPal verification requirements |
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If you’re running a business and use PayPal it’s likely that they’ll be contacting you to request further business and personal information. This could include amongst others: photo id; proof of address (e.g. bank statements, utility bills); proof of your company status and directors; audited accounts.
Until you provide the updated information (you have six months to do so) your PayPal account will be restricted. In reality that means you can do everything except close your account.
PayPal say that they are requesting the information to comply with laws for the prevention of money laundering. The laws require them to confirm the identity and authorisation of persons who have access to your account.
Just to make life difficult they can’t accept documents by email, but you can either fax them or upload them through the resolution center in your PayPal account.
more.. link to news article |
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