-
es, PayPal does have limits on receiving money, though they vary based on account verification and other factors. Unverified accounts have lower limits than verified accounts. While verified accounts generally have higher limits, PayPal may still impose restrictions on individual transactions to mitigate fraud risk.
Here’s a more detailed breakdown:
Unverified Accounts:
Unverified accounts have limits on how much money they can send and receive. The specific limit for a single transaction can be viewed when attempting to send money.
Verified Accounts:
Verified accounts generally have higher limits, but PayPal may still limit the amount of a single transaction to $10,000 USD, even if the account can handle more.
Account Limitations:
PayPal can also impose temporary or permanent limitations on an account due to various reasons, including suspected fraud, policy violations, or a high dispute rate. These limitations restrict sending, receiving, or withdrawing money.
Point of Sale:
When using PayPal’s Point of Sale system, there are daily limits on the total amount of money received from all transactions and from individual cards.
Adding Money at Stores:
There are limits on how much money you can add to your PayPal account at stores per day, week, and month, as well as limits on the number of transactions.
Raising Limits:
While you can’t completely lift PayPal’s transaction limits, you can verify your account and link it to a bank account to potentially increase the limits on some transactions.
You must be logged in to reply to this topic.