Paypal EU limits

Anybody got a similar e-mail before?

We are sending you this notice because you have received more than 650.00 GBP in total payments to your PayPal account.

PayPal is required by law to comply with European Union Anti-Money Laundering regulations to collect information from customers when they receive more than the set limit in total payments. Please log into your account, go to the Account Overview page, and follow the instructions there about how to provide the required information. These steps need to be completed as soon as possible to comply with this regulation.

If you have any trouble completing these steps, please contact Customer Service at 08707 307 191

We appreciate your business and apologise for any inconvenience.


I'm confused because i don't even run a business

21 Comments

its not that you maybe runing a business its a security measure to make sure that you are not laundering money even privately. If the email has a link to paypal to signin on then its a spoof and just delete it. If not then just comply.

yep . paypal do send these, they sent me one after 4000 had passed through my account and i had to then move it to a business account.

if you have the same email in your ebay messages then its genuine my other half just had to do this because he is an ebay addict and was spending large ammounts regularly, if the message isnt in your ebay inbox then bin it

Original Poster

kungfu;1659453

yep . paypal do send these, they sent me one after 4000 had passed … yep . paypal do send these, they sent me one after 4000 had passed through my account and i had to then move it to a business account.




Does that cost, what are the pro's + con's of it

Be careful-go to [url]www.paypal.com[/url] and you will be directed what to do. If you have a personal account you dont pay fees to recive money-for a business or premier you do-I think around 4%-but its probably a phishing scam.
Linda

Original Poster

Doubt it is a phishing scam

I went on my profile through firefox not through a link and it told me the same thing

Get the exact same message every time I try to sign in....

Original Poster

jackthelad;1659594

Get the exact same message every time I try to sign in....



If you just ignore it will nothing happen

what do they want you to do? upgrade? cos if they want you to upgrade they will wait til you receive money and not let you collect it til you accept the upgrade..

It's just to confirm all your account details, I had one a couple of weeks ago

Original Poster

louloo;1659629

what do they want you to do? upgrade? cos if they want you to upgrade … what do they want you to do? upgrade? cos if they want you to upgrade they will wait til you receive money and not let you collect it til you accept the upgrade..



Nah, i just want to leave it the way it is no need to upgrade

thfc andyp3;1659484

Does that cost, what are the pro's + con's of it



no idea, they froze the account til i upgraded so no choice

louloo;1659557

If you have a personal account you dont pay fees to recive money

Errm you do pay fee's to receive money with a personal account!

My humble apologies I thought my account was a personal one but it seems to be a premier one :x now im annoyed at the fee's ive needlessly paid if im reading this right!

Banned

harlzter;1660157

Errm you do pay fee's to receive money with a personal account!:roll:



since when, i thought it was only the upgraded account you paid fees on, although you can only accept payment to a personal account from someone with funds ie-not credit card payments or payments that are pulled from banks:?

Banned

Its free to get money from an account which pays you via there balance, but if the buyer uses their debit/credit card even if you have a personal account you get charged.

sassie;1660380

since when, i thought it was only the upgraded account you paid fees on, … since when, i thought it was only the upgraded account you paid fees on, although you can only accept payment to a personal account from someone with funds ie-not credit card payments or payments that are pulled from banks:?


Now i'm bloody miffed ive just checked my account type and its premier! Which means ive paid a fair substantial amount in fees over the last few months! I appologise I thought my account was a personal one!

Would there be any disadvantage now in changing this to a personal account and is there an easy way to do so or would I have to close my paypal acount (or simply leave it dormant) and open another one?

Ive had this aswell... because i was nearing the $3000 limit or something

im sure your right sassie-you have to upgrade if it is to receive uncleared funds and can only down-grade again once too

you get paid to receieve money on paypal, no matter what account you have.

as for the op, you just need to confirm your details, it is due to european money laundering laws, if you pay a cheque for 10K into your bank account, or have vasts amount of money going into your bank account you can be investigated for money laundering.

best to just do what the email says, and confirm your details

Just had the same email too last week & just got it sorted out.

£4000? You lot must have an awful lot of unwanted cd's? ;-)
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