If you are using PayPal to accept your payments you should be aware of some of their policy updates (you agree to these when you agree to use PP and they do not notify you of changes except when you login to your PP account) especially if you are using the Dropshipping system. You can check PayPal policy updates by logging into your PP account.

Below I have included an extract of their Policy Updates which may have an effect on your business:

“In some instances PayPal may be prohibited by law from releasing disputed funds or unrestricting your PayPal Account. For example, funds may be held beyond 180 days or returned to the sender if you fail to verify your identity for the purposes of PayPal’s compliance with anti-money laundering, counter-terrorism financing laws and “know your customer” requirements. Ongoing failure to verify your identity for these purposes may mean your funds will be subject to applicable laws regarding unclaimed monies. You hereby agree to provide the requested information in a timely manner in order to assist in the verification of your identity.”

This could effect your business if you need to pay suppliers for items before they ship them. If PayPal holds your payments you must have sufficient personal or business funds to cover the payments to your supplier.

Regards
Mike