I couldn't find this information anywhere on the internet so I'm asking you people here. I'm verified premier account holder at PayPal and I'd like to know how much money can I receive and send every month?
You can receive and send unlimited money from your verified premier paypal account. There is only withdrawal limit which you can find in your account itself at the time of each withdrawal. DON.
Well that's good to know. I understand the withdrawal limit but (theoretically speaking) if I have 10,000$ in my account and I can't withdraw more than a thousand, what's the point of doing business with PayPal?
If you want to withdraw more than your small withdrawal limit then you can submit them more documents (first you have to ask them for that) and request them to increase your withdrawal limit. DON.
I don't have a withdrawal limit on mine. PayPal isn't just about withdrawing money. It's for sending and receiving payment with the ability of withdrawing money being a part of that. Though, the main reason for the withdrawal limit is for security purposes.
Each paypal account has withdrawal limit as far as i know so how its possible that your paypal account has no withdrawal limit DON.
I'm verified with a Premier account since I turned 18 (over two years ago). I've had two credit cards, one debit and three bank accounts attached at one time, but I've recently reduced that.
Very helpful information. I should have saved time and asked here in the first place. Thanks everyone.
I have also verified premier paypal account but it has also some monthly withdrawal limit so your paypal account has also some monthly withdrawal limit IMO (check it properly). DON.
The Limits differs from country to country. If you do not see a Limit link on your Balance when you log into your account then you should not have any limit. However, if I am not wrong, when you hit certain receiving limits, in my case SGD$12,000 , my account got limited and they ask for my utility bills and government issued ID before they unlimit my account. That had to do with some EU Regulation with regards to money laundering. I am from Singapore. I did ask Paypal if there was any limit for my account and they told me there isn't any for Singapore. Just comply with Paypal and you do fine.
So eddy do you mean to say that if a person having singapore paypal account then there is no any withdrawal limit for him/her Thats really good. DON.
Yes, that is what Paypal told me. I believe the limits may be due to the banking regulation of the specific country. However, I believe that if I withdraw more than SGD$30,000 I would certainly need to make some kind of declaration to the Monetary Authority of Singapore but that would be it.
PayPal does have monthly withdrawal limit , Mine is 2500 $, I was wondering if there was any way in which this can be increased
You can verify in most western European countries with just a CC or DC, but a 2,500 Euro receiving limit remains. PayPal claims it's because of mythical "European monetary regulation," but I've read that the real reason is that PP is trying to force Euro customers to add a bank as well.