Re: Fairly new to Paypal
To lift receiving limits: Paypal generally ask you to submit a valid proof of address and a valid proof of identity. For example a utility bill and a passport respectively.
As for the waiting time. If you submit the documents upon creation of the account - then you will have to wait a long time. I'd say on average about 10 weeks (if you're lucky) and even more.
If you submit documents when you reach the receiving limit then you'd be all checked up within 48 hours max.
Hope I helped!
Best wishes
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