My PayPal Account Gets Limited
Thursday, June 21st, 2007
Living in the EU sucks big time. Not only do you have to pay 25% taxes on virtual goods like vBulletin, you are also limited by all these regulations. This time, European Union Anti-Money Laundering regulations get in my way. I log in to check my email and immediately my heart sinks as I read the title, Notification About Your PayPal Account. I knew it was bad. Below is an excerpt of the email:
We are sending you this notice because you have received more than X0,000.00 SEK 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.
They want me to fax a proof of identity (ID card, drivers license or passport) and a proof of address (utility bill). Oh well, I can’t do anything but comply. I hope they’ll sort it out quickly after I fax them the documents. ![]()
