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Old 04-28-2013, 01:45 PM
Michael Michael is offline
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Join Date: Jul 2009
Posts: 169
Default Identify yourself or your business type - PayPak Asks
Many emmbers have asked me that they faced this issue with paypal :


EU regulations require us to confirm your account information.
Your account is on file as a legal entity (such as a company, partnership, not-for-profit organisation or government entity), yet you've selected a different account type. Please only click Continue if you want to change to be classed as an individual. Or select a different account type. You won?t be able to change it again at a later date.
Your account is on file as a legal entity (such as a company, partnership, not-for-profit organisation or government entity), yet you've selected a different account type. Please only click Continue if you want to change to a sole trader. Or select a different account type. You won?t be able to change it again at a later date.
What is your ownership type?What is your ownership type?
An individual refers to any physical person acting outside their business, trade or profession.A sole trader What's this?A sole trader is a business owned and run by one individual where there is no legal distinction between the owner and the business. A sole trader may also use a business name other than his or her legal name.Any other type of business, not-for-profit organisation or government entity What's this?Excluding sole traders, this refers to any type of legal entity, such as a company, partnership, not-for-profit organisation or government entity.
Yes, the information above is correct.


what do you think the best choise is ?
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Old 06-27-2014, 10:06 AM
viveknanda viveknanda is offline
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Michael,

It depends on the type of your business. Are you a sole trader or individual - i.e. an individual who sell things online and has a bank account that goes by the name of the organization will be a sole trader.
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