How can account holders verify if their product is in compliance with the Acceptable Use Policy?
PayPal prohibits the activities or transactions of products/services that violate the Acceptable Use Policy. If you have questions about whether a type of transaction may violate the Acceptable Use Policy, please email our Compliance Department at email@example.com.
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How do I verify my PayPal account? In addition to verifying your financial details to lift the withdrawal limit, new Personal account owners are also asked to confirm their identity with PayPal. This is to ensure that you're the rightful account owner , and to comply with Australian financial regulations. To start the confirmation process, simply click the notification prompt on your and follow the instructions.Besides the items specifically named in the Acceptable Use Policy, does PayPal monitor any other goods or services? Yes. PayPal account holders are responsible for ensuring that their transactions comply with the laws and regulations in their jurisdiction. PayPal prohibits any transaction we determine or suspect may be illegal. The following are examples of items from highly regulated industries that are subject to the requirements of the .What is PayPal’s policy on transactions that involve firearms? PayPal prohibits all account holders from buying or selling any type of firearm and certain firearm parts and ammunition. ... Transactions for stun guns involving account holders outside the US are prohibited. ... Acceptable Use PolicyWhy do I need to verify my account? Verification removes the sending and withdrawal limits on your PayPal account. Once you've reached the sending limit, you need to verify your PayPal account if you want to continue sending money.Can I receive money before my PayPal account is Verified? Yes. Once you've confirmed your email address and your PayPal account is activated, you can start receiving payments without being Verified .What does a Verified account status mean? A Verified PayPal account status means that you've successfully lifted your account limits.What does FATCA require PayPal to report? If we determine that an account is reportable under FATCA (based on its analysis of account holder information), we must either report information to the local tax authority of the account, or to the IRS if the applicable account balance has reached a certain threshold. The reportable information generally consists of customer information (e.g. name, address, and tax identification number (TIN) and account balance information. FATCA requires reporting on an annual basis in most jurisdictions.Who is impacted by FATCA? FATCA impacts holders of accounts that are outside the United States, and it requires us to collect tax documents or certifications from account holders stating whether or not they're . This includes, but isn't limited to, business entities and some individuals that open accounts outside the United States.What happens if I don't provide the FATCA information PayPal requests? If you're a new account holder , you'll be required to complete the certification we requested to comply with FATCA within 90 days of opening your account. If the certification isn't completed within 90 days, you'll no longer be able to send funds from, or receive funds into your account.What FATCA documentation does PayPal collect and how do I provide it? U.S. person The information that we must collect may include, but isn't limited to, the account holder’s address and U.S. TIN (if a ) or other TIN. A business entity can be required to provide:What is FATCA? "FATCA" is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by (individuals or entities) that fail to report income related to non-U.S. accounts. FATCA requires some of PayPal's non-US subsidiaries to collect information from their account holders to determine whether accounts are held by U.S. persons (as defined by FATCA).Is PayPal authorised to request this information from me? Yes. Just like a bank, PayPal is required by Australian law to confirm the identity of our account holders . Australian Anti-Money Laundering and Counter-Terrorism Financing laws impact all financial institutions, including PayPal Australia which is subject to similar regulations as Australian banks. Attorney-General’s Department’s siteI made an error when typing my name. How do I change it? You can change the name on your account, if there’s a misspelling or a legal name change. Business account holders can also change the contact person for their business.What crowdfunding campaigns does PayPal NOT support? Equity-based campaigns involve individuals receiving some sort of equity or security in the company for their contribution. PayPal does not support campaigns that would violate our Acceptable Use Policy or activities that violate any law, statute, ordinance, or regulations such as: Currency exchangeDoes PayPal permit transactions for pre-sale items? Acceptable Use Policy For more information, please refer to our .Why is my account limited (Seller)? Reasons for Account Limitations as a seller PayPal Acceptable Use Policy Your account could be limited in order to comply with regulatory requirements or .Will I be affected as a PayPal customer? Not all PayPal Australia customers will be impacted. Only those who have signed up for an account since 12th December 2007 and reach a certain transaction level will be asked to verify their identity.What is an Instant Transfer? You have a verified bank account and a credit or debit card attached to your PayPal account (as a backup payment method), and The money in your PayPal balance is not enough to cover your payment amount (PayPal always uses the funds in your PayPal balance first.)
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