difference between verified and unverified

Discussion in 'Payment Processing' started by preyank, Jul 17, 2007.

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  1. #1
    I am from INDIA and don't know the difference.
    Can you please clear my some questions.
    1) what is withdrawal limit per month for unverified account?
    2) what is sending limit per month for unverified account?
    3) what is holding limit?

    Thanks in advance.:)
     
    preyank, Jul 17, 2007 IP
  2. Expertguy

    Expertguy Banned

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    #2
    I've already replied on your previous post but lemme answer you again :

    1. Withdrawal limit is 500$
    2. Sending limit 100$
    3. Holding limit maybe 2,500$ i'm not sure though.
     
    Expertguy, Jul 17, 2007 IP
  3. preyank

    preyank Banned

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    #3
    wow.. Thats really useful information...
    and what if i want to keep it unverified forever and will only withdraw $500 per month and will only send $100 per month??
    is it ok.. or they will close account if i remain it unverified.
    thanks
     
    preyank, Jul 17, 2007 IP
  4. eddy2099

    eddy2099 Peon

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    #4
    They would never expect you to stay unverified for life. It is just that temporary period while you wait for your credit card statement to complete the verification process.

    Basically, there will be a permanent limit, I believe it is $2,500 and then you cannot withdraw anymore.

    An unverified account means that they do not know who you are and it would be difficult to trust as it could be used for money laundering. Basically, they are more suspicious of unverified accounts. They will probably find one way or other to limit your account and ask you to send documentations to verify your account.
     
    eddy2099, Jul 17, 2007 IP
  5. gr8liverpoolfan

    gr8liverpoolfan Notable Member

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    #5
    Sending limit is $100 overall, and not per month. Unverified accounts make it more difficult for you to do business and gain trust, and therefore it is advised that you verify your account
     
    gr8liverpoolfan, Jul 17, 2007 IP
  6. anthonyn

    anthonyn Well-Known Member

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    #6
    My friend, it is difficult to do business with people when your paypal account is unverified. People will not trust you and you will then loose customers.I would suggest you to get your credit card from your bank and get verified.
     
    anthonyn, Jul 17, 2007 IP
  7. nadalbg

    nadalbg Well-Known Member

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    #7
    Yes, you are very right. Its always better to be verified
     
    nadalbg, Jul 17, 2007 IP
  8. mafostedu

    mafostedu Peon

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    #8
    You may get limited access to your PayPal account if you tried to send money from your unverified account. Always be safe with verified Paypal.
     
    mafostedu, Jul 17, 2007 IP
  9. zexy

    zexy Guest

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    #9
    Do yourself a favor and verify your account.
    It's not worth it to expose your money at risk by using unverified Paypal account.
     
    zexy, Jul 17, 2007 IP
  10. kaywessie

    kaywessie Member

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    #10
    Don't forget different countries different limitations.
     
    kaywessie, Jul 17, 2007 IP
  11. inworx

    inworx Peon

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    #11
    Usually, you arent probably getting much money so that you can ever cross the $2500 total withdrawal limit.

    Snedng limit is still low $100. Be verified and stay away from hassles.
     
    inworx, Jul 18, 2007 IP