Paypal EU Anti-Money Laundering

[Robin H]

<snip>They will ask for:
Your ID card / or legitimation
Utility bill
Creditcard or Bank statement.
</snip>

At the screenshot they also ask for business info.
The ID etc is no problem.

Its just that I dont really 'own' a business. I dont really pay taxes on what I earn on the internet

[Juicy]

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)

[Robin H]

So if I just say i'm a 'hosting company' I should be fine?

I'm belgian btw

[Gavo]

thats just normal after you receive a certain amount.

I wouldn't say you have a business (for tax reasons)
Complete the other stuff 1st and email them.

[snj_boardmember]

this paypal so dumb. rapidshare has paypal too right?

[zibo]

so this is only in Europe? what countries have this law?

a decent answer will b very pleasant.

[Robin H]

I think US has thesame @ 2.500usd

source:
http://www.besthostingforums.com/sho...6&postcount=10

[zibo]

is this the monthly limit or the over all limit?

[Storming]

Bit outdated now,
But i've got the same issue due to me sending 1.7k pounds - i've just sent them all the info and waiting for them to fix it.
What fucks me off is; you can recieve all the money in the world but you cant fucking spend it

[zibo]

one should write articles about how to use paypal and the limits as i still don't know about the countries have such limits and what is the exact limit. is it per month or per transaction?