Limits on 100% verified US PayPal account

igorj911 · #1 03-02-2015

Hello guys!
I am not an expert in US PayPal, but maybe someone knows what would be the limits of my US PayPal account, if I will verify it on 100% (link BA, CC with AVS, confirm phone & e-mail)?
I would like to know about sending/receiving/withdrawal limits, and other

Thank You!

123 · #2 03-02-2015

technically it has no limits

but getting close to 200&20k transactions they will ask for tax information

igorj911 · #3 03-03-2015

Oh, I see. Thank You for sharing information. They will ask tax info or real and valid SSN?

123 · #4 03-04-2015

Either EIN or SSN and yes has to be real.

Sams · #5 03-05-2015

I have a verified Canadian account that is about 5 years old but has only recently begun to see more activity. I have some questions:

1. Does the 20k/200 limit apply to Canadians? If so, will PayPal report our balance to Canada Revenue Agency?

2. Does the 20k/200 limit reset every calendar year on Jan 1st or on the date of registration?

Thanks.

rsot · #6 03-05-2015

Welcome to the forums.

1. Yes, in some ways...at the limit point PP can limit asking for info to submit to CRA (Canada Revenue Agency) - PP can also limit based on PROJECTED sales rate.

2. January 1st last time I checked but I don't have the info in front of me as proof

rainmaker · #7 03-06-2015

Just a reminder that even if you verify it to 100%, if you new, you still get the 21day holds.