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My PayPal Account Gets Limited

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. :neutral:

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This entry was posted on Thursday, June 21st, 2007 at 3:05 pm and is filed under Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “My PayPal Account Gets Limited”

  1. Josh Buckley Says:
    June 21st, 2007 at 5:03 pm

    I had this problem a few months back. Luckily i got it sorted in around 2 days.

  2. Michael Says:
    June 22nd, 2007 at 2:58 am

    Crap. This is your money for Japan isn’t it?
    Elch

  3. Michael Says:
    June 22nd, 2007 at 2:59 am

    I meant china. This means this is your money for China isn’t it?
    Elch. I am glad I live in the U.S

  4. Carl Says:
    June 22nd, 2007 at 9:28 am

    Yeah, but I have been withdrawing $500 at a time so I have enough in my bank account already, and don’t need the remaining PayPal money right now.

  5. Russell Wagner Says:
    June 22nd, 2007 at 10:12 pm

    Man that sucks, I’ve been limited to before, but it all got straightened out within 24hrs…I’m interested if you are for an interview on web ventures, I could post it on my blog to get you traffic aswell. Speak soon, Russell.

  6. Wong Says:
    October 25th, 2007 at 5:51 pm

    Sorry… found your site thru google because I just got a similar email from PayPal. Is this legit? Did you resolve the case after you submitted the documents?

    You know what? I am not even living in EU and I got this “European Union Anti-Money Laundering regulations” email…

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