Yes, you can send $5,000 on PayPal, but the exact limits depend on whether your account is verified or unverified and whether you’re using a debit card or bank transfer.
Verified Accounts:
Verified PayPal accounts have no total limit on the amount you can send.
You can send up to $60,000 in a single transaction, though PayPal may limit it to $10,000.
Debit card transfers have a daily limit of $5,000.
Unverified Accounts:
Unverified accounts can send a maximum of $4,000 in a single transaction.
There is a limit on the total amount of money you can send, and you’ll be able to view this limit when you go to send money.
Debit Card Transfers:
PayPal’s instant transfer limits for debit card payments include a maximum of $5,000 in a single transaction and per day.
There are also weekly ($5,000) and monthly ($15,000) limits.
Bank Transfers:
For bank transfers, there are generally no daily limits for verified accounts, but per-transaction limits may apply.
Unverified accounts can send up to $4,000.
Standard bank transfers are free, but they may not be instant.