New Crap From Paypal: Important Read For Sellers, Seems They Are Going To Control Your Money |
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New Crap From Paypal: Important Read For Sellers, Seems They Are Going To Control Your Money |
914Sixer |
Nov 28 2023, 05:55 PM
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#1
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914 Guru Group: Members Posts: 8,989 Joined: 17-January 05 From: San Angelo Texas Member No.: 3,457 Region Association: Southwest Region |
I got this notice from Paypal. IF your sales exceed $2K a month they CAN HOLD your money for up to 21 DAYS (3 weeks) for the amount OVER $2K. (IMG:style_emoticons/default/WTF.gif) I applied to up my amount to $5K. Said they would get back to me. IS this the IRS going after you and me? Back to checks and money orders
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davehg |
Nov 30 2023, 12:28 AM
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#2
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Member Group: Members Posts: 196 Joined: 19-September 17 From: PNW Member No.: 21,443 Region Association: Pacific Northwest |
There are federal regulations that companies like PayPal and Stripe have to comply with, intended to verify that transactions are legit and no money launder8ng is taking place.
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