sharonsopinion

PayPal has criteria that kicks out certain transactions for investigation. $10K or more is one of the criteria. (I don't know other criteria, so please don't ask me.)

If your $10K transaction is between PayPal and your bank, they will call you and ask you where the money came from. If they like your answer, they will approve the transaction.

If your $10K transaction is between PayPal and a company, they take the following steps:

1. Contact the company and ask for the following: (There are 8 or 9 questions.)
   • Name and Address
   • Type of business
   • Description of the reason for the transaction.
   • Is the transaction for goods or services. If it is for goods, Shipping Information.
   • Is the person sending the funds expecting what you say you’re delivering/doing?
   • Certificate of Incorporation - snail mailed.
   • Verify bank account. Bank statement - snail mailed.
2. Contact you and ask for the reason for the transaction.
3. Compare the answers. If they agree, they take the next step.
4. Snail mail a letter to the company with a passcode. This is to test the physical address information.
5. The company enters the passcode.

If PayPal approves of all of the steps, then the transaction is allowed. The whole process takes 3-4 weeks. Subsequent high transactions would take less time, because they don't have to snail mail again.

As far as I can tell, a $10K transaction does not trigger an Acceptable Use investigation. However, I speculate that if the person doing the investigation suspects it is a transaction for a ponzi, they turn it over to the Acceptable Use investigator. They will investigate for Acceptable Use, if they receive tips and/or complaints.

JMO,
Sharon

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