I have a paypal that is both CC and Bank account verified. I want to start a business where I buy products from china like chargers and iphone cases and I want to sell them in my own store online. Will I get limited because I am sending and receiving money like that? I am both CC & Bank verified, so they must have a good scope on me.
Depends, do you have a personal, business or premier account with PayPal? You may want to open one of the 2 latter if it's a personal account. Either way though you likely won't get limited, they'll just upgrade your account or something, at least I doubt you'd be limited.
Likely not as they'll request you resolve the matter first, but usually resolution to a limited account doesn't take too long. If you're so concerned about it I would suggest you request some support from PayPal directly, but I don't see it as an issue.
In extreme cases, Paypal holds your money for 180 days maximum. Which is a long time, but still, you'll get it.
No you can't get money out from limited paypal account. Why don't you submit documents whatever they asked you to submit for removing limiations ? DON.
I use personal paypal account. So far I have no problem with it I believe that paypal used to list the differences between its accounts, but I'm hardly find it on paypal help page.
Thats true but he can't use his paypal account anymore so better to resolve limitations from his pp account first. DON.
It depends on maturity of the PayPal account and whether you upgrade your PP Personal account to a Business or Premier account with them. Doing the latter will surely place a limitation on your PP account, you'll have to contact PayPal directly to find out exactly the time duration they place on holding funds for new Business or Premier accounts. If your Personal account is more mature (meaning you've had it longer than a year) than you shouldn't experience any limitations on transferring and/or withdrawing funds into your bank account. I would advise you utilize escrow when dealing with Chinese vendors when sourcing your inventory that you're going to sell. If the customer doesn't receive exactly what is describe than you become liable for refunding the full payment (including shipping) to the customer.
I don't think so mate. Because I have been receiving payments from my employer's company for years now and I didn't see any problem with my personal account.
Better go with merchant account on ccnow.com I recently integrated them for client's website, so far its going good.