The virtual wallet has a set of rules that all users must comply with and respect. Depending on behaviour, the system may suspend or freeze an account.
The PayPal app is one of the most widely used virtual wallets in the United States. The system records thousands of money transfers every day. However, users who do not comply with the established rules may face restrictions on the number of transactions they can make.
In many cases, users use the platform to receive payments for services or freelance work, so it is very important to pay attention to the status of the account and avoid problems.
Which PayPal accounts have transaction limits?
According to PayPal, users with unverified accounts can send up to £4,000 per payment. This is the maximum amount allowed for a single transaction until a bank account or card has been linked and confirmed.
In contrast, verified accounts have access to a higher limit: up to £60,000 per transaction, although in some cases the platform may set an operating cap of £10,000. This verification is a necessary condition for sending or withdrawing large amounts of money securely.
These rules apply to both domestic and international transactions and remain in effect until the user completes the required verification steps.
How to verify a PayPal account step by step?
To remove the limits, PayPal asks you to verify your account using one or more of these methods:
- Link a US bank account
- Add a valid credit or debit card
- Confirm your identity by providing additional personal information, in some cases
Verification is free and can be done from your profile settings. Once completed, the account is enabled to use the balance without restrictions and access other benefits such as direct withdrawal to bank accounts or use of PayPal Credit.
Why does PayPal impose these restrictions?
The verification system serves a dual purpose: to prevent fraud and to comply with US financial regulations. It also provides users with greater security and credibility when operating with large sums of money.
Those who see limitations on the amount of money they can transfer must follow the step-by-step process to verify their account. Source: Archive.
PayPal warns that, until the account is verified, other limitations may apply regarding the withdrawal of funds, receipt of payments, or access to certain additional services.
