Hii... I had registered for PayPal some time ago. However I had registered using a different name than mine. I dont use my real name when I do business on the internet. When I tried to connect my US bank account to my paypal, I saw that I couldnt change my surname. So what I wanted to know is can I go ahead and do transactions when the names on PayPal and US bank doesnt match. And is the $500 limit on a unverified case, the sending limit or the receiving limit. The other option is to open another paypal account under my real name and then transfer the money to the account with my real name and then siphon it off to my bank..but I just wanted to know, since I have put the information of my bank account into the account with my virtual name.
The best idea is to close your current paypal account, get a check or deposit of the money in there, and open a new one under your real name. You're going down a path that will almost always lead to a lot of headache and potentially lost money. It is legal to use an alias for such purposes but it almost always causes more problems than it is worth. I don't recommend doing the transfer idea, as it can easily get flagged and held and both accounts can potentially get limited.
You can create another account with your correct name, then transfer the balance from your existing account to your newly created account. Close your old account with false name. Verify yourself and done
You can either withdraw your account in your bank account and just pray that your account won't go limited then just create paypal account with your real name in it.It is muh better to have real name since when in trouble you would have no problems with your data