Verifying a PayPAL premier account

[Harrison]

They only ask you to fill in that business information on existing accounts if your activity goes over £1000 within that year as they have a £1600 fixed maximum you are allowed to deal for a whole year without the business details. They say it is to prevent money laundering but that is stupid when the EU law is near to £5000.

And I have to agree that that form you have to fill in is very confusing and not clear at all what to do if you are an individual and not a business. It had me stumped for a while too. And I did end up selecting the services other option as you eventually did.

Paypal is a very easy and convenient online payment service, but it is a nightmare when you need to change any details or settings. I forget what it was for, but I had an email from them last year asking me to update or change something and I could not find where to access and edit the information. And their FAQ files pointed me to an out of date url that no longer existed. Nice!

[Bloodwych]

Thanks for the advice Harrison. If that's the case for existing accounts, I'm annoyed that they are forcing people to fill out the business details now on new accounts in order to get verified when the system is obviously flawed. I'll admit I selected a wrong option under category in hindsite, and apparently one or two other options can lock you out as well forcing a request for futher information, but at the time was given no guidance or warning as to what would happen. I thought everything would be fine, as I'd selected "Individual" telling the system that I'm not a business.

That account will likely do a few hundred pounds at most this year - no where near £1000 - so I didn't even have to get it verified. I thought I'd go through the verification process however as it looks more professional to buyers and it stops nagging you under the "things to do" list. Plus some sellers want verified PayPAL users only.

The battle continues.........