My Paypal has Limited Access, it says that someone had access to my account so i have to fax and email them all these proofs that i own the account. It will take a few days and until then all the payments that i have sent are being held. So to everyone that i have sent a payment to, i am trying to fix this as soon as possible.
Paypal is very secure and it always limits accounts for which they need verification, and this verification is off different types, they may ask for your documents which will prove your addreess and other infornmation. In order to remove the limitation you have to go through the resolution center given in your paypal account. Complete all those requirments, and you will get your account restored, usually it takes, 2 to 4 weeks.
it just happened to my account as well. it takes 2-3 weeks to get settled. currently still waiting for refund/reverse payment. just waiting.