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Old 05-08-2006, 06:00 PM  
candyflip
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Join Date: Jul 2002
Location: New York
Posts: 43,068
Quote:
Originally Posted by pstation
Doesnt the IRS only need to be notified on transactions of $10k or more? or did that change with 9/11
They look closely at Paypal for money laundering and any transfer of funds to terrorists. Or so they say. I had a small operation issuing Money Orders from Paypal transfers and had to provide Paypal with all sorts of customer info on both the sender and receiver.
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