Paypal money received Cap Limit

by 8 comments
I was just wondering, paypal places a cap on the amount of money the account can receive, after a certain amont we are required to prove the means by which we are making the money. I had to do it for the company i work for.

Should I start making money on the Internet for myself, would it be necessary for me to be established as a business I.E get a VAT number and open up a business account with paypal as well as my local bank?

It's been bugging me for a while so I thought someone here may have some knowledge in this field.

Thanks in advance.
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