Visa keep freezing my debit card for too many transactions via my ebay business

indielad1010

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

I indeed do have their consent. I checked with them, told them I was a sole trader and explained my situation and they were fine, they told me how could I open a business account with LLoyds, but that only need to be an option.

I don't believe you. If you already had their consent you wouldn't have posted a series of links to weird, unknown, advice sites and anecdotal forum posts to support your view that it's fine, you'd have just said you had their consent.

oh ok, next time I'll record the phonecall and have transcripts and recordings ready for your perusal

sparklep0ny

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

I indeed do have their consent. I checked with them, told them I was a sole trader and explained my situation and they were fine, they told me how could I open a business account with LLoyds, but that only need to be an option.

I don't believe you. If you already had their consent you wouldn't have posted a series of links to weird, unknown, advice sites and anecdotal forum posts to support your view that it's fine, you'd have just said you had their consent.

oh ok, next time I'll record the phonecall and have transcripts and recordings ready for your perusal

I'd rather not listen to several minutes of silence, or read a series of blank pages.

[Deleted User]

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

sparklep0ny said:

indielad1010 said:

sparklep0ny said:

indielad1010 said:

I've looked into this and it's not illegal to run a business with no business account according to this https://moneysavinganswers.com/business/using-personal-bank-account-for-business/. It depends on the bank, as I'm a sole trader, some banks don't even consider self-employment as 'business use' It'd be weird Halifax would want me to close my personal account, as they don't even offer the service of business acounting, if they insisted it'd need to be through another bank.. I cant' actually find whether sole trader business transactions are not allowed witha Halifax personal account.

Nobody said it is illegal but it is against the terms and conditions of the Halifax Current Account to use it for business purposes.  In fact I'd be very surprised if anyone offers a personal account (the clue being in the name) that allows business use.

https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf page 25

Without our consent, you must not open or use a personal account to hold money for someone else (including as a trustee or personal representative) or for the purpose of a business, club, charity or other organisation. We have different agreements for customers who are not personal customers.

That they don't offer business banking is irrelevant, as is you having a mortgage with them, as is you "not considering self-employment business use" (it absolutely is) as is other people "getting away with it" (some do, others do not.)

I'm going to stand by my advice, you need to start using a business account.  If you want to gamble and run the risk that your entire account gets frozen (and ultimately closed) at the most inopportune time, that's your prerogative.  But don't come running back to the forums to complain if it does, you've been warned of the consequences.

Regarding the first three words of the Halifax T and C you copied and pasted,  '''Without our consent''' please refer to this http://www.ultimatehandyman.co.uk/forum1/viewtopic.php?t=89783 As you can see, Halifax are happy to let sole traders use personal accounts for business transactions with their persmission. I have called the Halifax to confirm this.  Instead of the finger wagging, you could have come up with some constructive advice regarding the postage labels. I've now found that ebay can allow you to 'but them in bulk' which solves the issue. For anyone else having the same problems

You don't have their consent though, do you?

I actually gave you constructive advice regarding this situation, open up a business account.  But you seem to be hell-bent on finding workarounds rather than proper solutions as you seem to think you only have one problem, not being able to pay for postage, when you actually have two.  Not being able to pay for postage and having the Sword of Damocles hanging over your head WRT your business use of a personal account.

If you open up a proper business account, I can't see you being limited to 30 card transactions in a day, it's an absurd limitation for a business (not so for a personal customer though.)  If you open a business account and still have trouble with this limitation, then you can complain, without risking them just shutting your account down.

I indeed do have their consent. I checked with them, told them I was a sole trader and explained my situation and they were fine, they told me how could I open a business account with LLoyds, but that only need to be an option.

I don't believe you. If you already had their consent you wouldn't have posted a series of links to weird, unknown, advice sites and anecdotal forum posts to support your view that it's fine, you'd have just said you had their consent.

oh ok, next time I'll record the phonecall and have transcripts and recordings ready for your perusal

It would be safer for you to ask Halifax to put in writing they approve your use to avoid any complications in the future and give you the basis for a complaint if they do revoke the account 

cymruchris

Aside from all discussed - I use 'click and drop' from royal mail that integrates to ebay. Once an item sells - it appears in click and drop - and I can let several orders build up, and then pay for all the postage in one go, it then updates ebay to tracking numbers. That might be worth looking at to reduce your headache in the short term.

quackers82

The simplest solution to this might be to get a Credit Card and use this to pay the postage fee's, will also give you credit to cover postage fee's until the money comes from eBay. To me it seems insane not be using reward/cashback Amex or Mastercard for all spending possible. 

sleepyjones

You can get a Paypal Cash Card that allows you to spend money from your Paypal (business) account?
https://www.paypal.com/uk/smarthelp/article/what-is-the-paypal-business-debit-mastercard®-faq3109

k3lvc

indielad1010 said:

well It would be self defeating for Halifax to close my personal account when my Halifax mortgage is paid from it, but thanks, another way to rip you off with fees.. 

That's unlikely to be an issue for them - they'll just expect the mortgage to be paid from whatever alternative personal bank account you have. As others have said now's the time to be pro-active about this before it's too late 

sparklep0ny

sleepyjones said:

You can get a Paypal Cash Card that allows you to spend money from your Paypal (business) account?
https://www.paypal.com/uk/smarthelp/article/what-is-the-paypal-business-debit-mastercard®-faq3109

OP has been moved over to eBay's Managed Payments system so the money is going to get dumped directly into their current account instead of going into a PayPal account.

sleepyjones

Yeah, I guess that maybe doesn't apply if you are not going to continue using Paypal in any capacity.

dr_adidas01

indielad1010 said:

I've looked into this and Halifax '' don't even offer business banking"

They do they just point you to either Lloyds or Bank Of Scotland which are all part of the same group and provide business accounts, which is something you really need to look at.

They will close your Halifax account if you are using it as  a business account, regardless of what products you have with them.. You only have to do a search of this forum to see lots of cases of banks closing accounts and related products because they have used there personal account for business purposes.

You could open a Monzo business account and conduct your eBay business activities through that which would be a safer bet.