How does PayPal approve merchants selling precious jewels, metals, or stones?
U.S. merchants can go to www.fincen.gov to determine if they meet the federal threshold of a dealer in precious jewels, metals, or stones. U.S. merchants that meet this threshold must receive prior approval from PayPal. All merchants outside the U.S. engaged in this type of business should contact PayPal for approval.
Merchants must provide proof of registration with the applicable country-specific regulatory body, proof of internal anti-money laundering policies and procedures, and evidence of other controls. Merchants can inquire about approval in accordance with this policy by sending contact information, business URL, and a brief business summary. For more information please contact us by clicking Help & Contact at the bottom of any PayPal page.