Paypal

[Chris Jenkins]

Hi all . We have set up a PayPal business account and there’s about £2000 in there. It wont let me transfer to my bank even though its cleared funds. There’s a 4 step checklist and i have completed 3 from the 4. It says i just have to make another 7 sales to complete the checklist. Anyone else got any advice on this please ? When i try to transfer the money it just gives me the “ sorry something went wrong “ message.

 

[Frank the Insurance guy]

Looks like you have to complete Step 4? ie. You have to make another 7 sales?

I assume this was in the T&C's when you set up the Paypal Business Account?

Appreciate that is quite a bit of cash you cannot get your hands on, especially if it will take some time to get the other 7 sales!

Not sure how it works - but if you get 7 different friends to "buy" something (anything!) using your paypal account will this complete step 4? .

 

[Ozzy]

Could you generate those extra 'sales' by buying from your company personally, have a family member buy something, etc, until you reach those last few sales to release the cash?

Obviously, you then refund those orders afterwards so leave enough in the PayPal balance to cover the refunds.

 

[Chris Jenkins]

Looks like you have to complete Step 4? ie. You have to make another 7 sales?

I assume this was in the T&C's when you set up the Paypal Business Account?

Appreciate that is quite a bit of cash you cannot get your hands on, especially if it will take some time to get the other 7 sales!

Not sure how it works - but if you get 7 different friends to "buy" something (anything!) using your paypal account will this complete step 4? .

Thanks for the reply. Thats what we are going to do now. Much appreciated! As your valled an " insurance guy " dont suppose you deal with liability insurance ?

 

[Chris Jenkins]

Could you generate those extra 'sales' by buying from your company personally, have a family member buy something, etc, until you reach those last few sales to release the cash?

Obviously, you then refund those orders afterwards so leave enough in the PayPal balance to cover the refunds.

Thank you. We are in the middle of doing this. I was just clarifying and hoping that theres not more hoops to jump through. Thanks for your time

 

[japancool]

Be wary of Paypal putting holds on your funds as well.

 

[IanSuth]

Be wary of Paypal putting holds on your funds as well.

which may happen if 7 vary small transactions happen in short order and then you try and move the funds

 

[Chris Jenkins]

Be wary of Paypal putting holds on your funds as well.

i have just done this so we will see what happens. The red flag notification for this part has cleared but i now have to upload business details and photo i.d. Thanks for the help

 

[DontAsk]

i now have to upload business details and photo i.d.

I suspect this was the real issue, but their system got confused or gave priority to showing the transaction requirements rather than the ID requirement.

Did you not have to do this when first setting up the business account?

 

[Chris Jenkins]

I suspect this was the real issue, but their system got confused or gave priority to showing the transaction requirements rather than the ID requirement.

Did you not have to do this when first setting up the business account?

I honestly cant remember ? But this is what we are doing next. I hope it works. Thanks for the reply

 

[Frank the Insurance guy]

Thanks for the reply. Thats what we are going to do now. Much appreciated! As your valled an " insurance guy " dont suppose you deal with liability insurance ?

Thanks @Chris Jenkins - yes I deal with all sorts of business insurance. Contact details below, if you would like a chat.