What I want to know is that how long paypal keeps the account access limited and after that period is over , will everything will be normal or the account is terminated ?
Unlimited time,if you don't take the steps to remove limitation your account will remain limited,after 180 days you can withdraw your cash but account will still be limited.
yeah, i do agree with k3v, i have this problem before when i entered a wrong pin number for verification
Paypal will limited your paypal account for lifetime if you cant provide which paypal needs to remove the limitation. But, after 180 days from your paypal account get limited, you can withdraw your fund thru ACH transfer to your bank account or request check.
The limited account is eligible to receive payments.Is it ok to receive payments in a an account that has been made limited ?
It depends from which reason the account has been limited. In some case you still can recieve payments, in other cases you also can´t recieve payments (for example if u got some disputes filled against u)