Advice needed - LeuPay + PayPal (personal)

[gr4vix]

Hi,

EU citizen living in EU.

Few months ago I've started a small-scale online resale business. I'm getting regular money flowing into my personal PayPal account, which I am withdrawing to my LeuPay personal account via bank transfer.

Then I am using my LeuPay card to make further purchases, list and sell items again, etc...

I need some advice to know how safe this process is in terms of taxation. As far as i can tell my real local bank knows only about PayPal, but not the LeuPay account. Up until which yearly/monthly amounts can I keep going on with this 'scheme' ?

By when should I consider going with business accounts?

We're talking about 10,000-15,000€/year profit for now.

 

[negon]

It looks like business accounts get not reported like personal accounts do. I have not seen anything that confirms it, only a few posts here.

 

[MRhostingC]

Unfortunately i cannot help with your question.
I want yo ask you:
Is there any kind of restriction to send from paypal to leupay account?

 

[diablo]

There should not be any restrictions like that. Only the business activity could limit you!

 

[MRhostingC]

There should not be any restrictions like that. Only the business activity could limit you!

So, with a paypal business account i will work fine too?

 

[diablo]

yes that will Work.