Apps Magnet » PAN https://www.appsmagnet.com activeCollab Modules, Training and Consulting that make it more productive and enjoyable! Fri, 06 May 2016 05:28:10 +0000 en-US hourly 1 https://wordpress.org/?v=4.2.38 Aah.. The dreaded PayPal limits… https://www.appsmagnet.com/aah-the-dreaded-paypal-limits/ https://www.appsmagnet.com/aah-the-dreaded-paypal-limits/#comments Fri, 16 Sep 2011 22:05:25 +0000 https://www.appsmagnet.com/?p=1680 Update (27/Sep): Our account is active now! And I think it won’t be limited again!

Update (24/Sep): PayPal has limited our account again! I guess they have a weekly cron that limits accounts, and have not yet updated their logic of verifying PAN. Very frustrating.

Update (20/Sep): PayPal has lifted the limitation and we can receive payments again now. Thank you PayPal for prompt attention to this.

I just got an email from PayPal that they have limited our account from receiving money. And that because the Permanent Account Number that I’d entered, could not be verified.

Now my PAN is valid, but the business is in the name of my wife. Apps Magnet is also not a “limited liability” company yet – having it’s own separate legal identity – which provides it a new PAN of its own.

I’ve just written to PayPal, and am hoping for a quick resolution.

But till then, (or till we add an alternate payment system), we won’t be able to accept new orders.

Please bear with us while we sort this out.

Thanks.

:Nirav

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