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Old 07-10-2014
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Default Paypal verified but still have limits

Hi

I wonder if any of you good folks could explain this to me, i have made an ebay and paypal have paypal verified but still have limits in place £1900.

I thought if you verified with bank account this limit would be removed.

It is stealth account uk

Thank you
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Old 07-10-2014
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Default Re: Paypal verified but still have limits

No, it doesn't work like that. The limit is always in place unless you ID verify yourself as long as providing whatever other tax information Paypal asks for.
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Old 07-10-2014
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Default Re: Paypal verified but still have limits

Add a bank account removes all limits apart from the receiving limit.

Docs are required to lift the receiving limit on a stealth account.
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Old 07-10-2014
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Default Re: Paypal verified but still have limits

Well thank you for your replies, i understand now thank you
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Old 07-11-2014
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Default Re: Paypal verified but still have limits

I think the £1900 limit is under EU anti money laundering legislation

Last edited by stevebills; 07-11-2014 at 03:55 PM.
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