Wednesday, May 19, 2010

Issues with PayPal

I got a surprise from PayPal today. I had no idea that they needed extra verification of whether or not Recycling for Food really exists as a organization, and whether or not it is a tax-exmpt non-profit. Since the 501(c)(3) application has been sent, but has not yet been reviewed, I could only send them the information I had. They also wanted a copy of a bank statement for the organization, but we don't have one yet because the account was only opened this past Monday.

Hopefully the information and paperwork I did have will be good enough evidence for their needs. If not then there will be some restrictions placed on the account, but I am not sure what those restrictions are.

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