Anyone know about this? (paypal)

[Sticks79]

This might be old news or then again it might be brand new, I haven't noticed it before, I just logged into my account and saw a banner leading to this https://www.paypal-education.com.au/aml/

Does anyone know how much the "specific transcation level" is that they talk about? Ive tried finding it in their privacy policy but i cant see it anywhere.

 

[finspin]

I think this is not new. I had to verify my account about a year ago by sending them the copy of my driving license. I didn't do any huge transactions at that time, a few hundreds per month at most. When I asked why I have to provide my ID they reasoned it with some new anti money laundering law in EU.

 

[bobsoap]

The receiving limit before you need to verify your identity is quite low, I think it's $2,500 volume per year if I'm not mistaken. You could always just call them up and ask too.

*Correction - it's €1,000 in the EU (about $1,340), not per year, but in total since the account's existence. Not sure about the US.

 

[Sticks79]

ok cool thanks for the replies fellas, just gotta watch my ass, just thought i'd ask.

Oh well guess it's time to pay my paypal monies taxes, I new it was coming sooner or later!