Saturday, January 28, 2012

How to Remove Your PayPal Sending Limit

PayPal is an online money transfer service that operates in several countries across the globe. In 2002, Ebay acquired PayPal for $1.5 million and quickly offered the online money transfer service to the patrons of the online auction site. For security purposes, PayPal imposes money sending limits on new, unverified accounts. After reaching the maximum sending limit on your PayPal account, you may wish to have your account verified in order to continue sending payments.


Instructions:
1. Log in to your PayPal account. (See Resources.)
2. Click on the "View limits" link located on the top-right of your "My Account" page.

3. Choose your preferred account verification method and enter the required bank account, credit card or PayPal credit card application information.

4. Wait for a confirmation email with regard to receiving pre-approval for a PayPal credit card and follow the directions contained within the notification to finish the verification process.

5. Check your bank account after a few days for small deposit amounts made by PayPal,

log in to your PayPal account to verify the deposit amounts made and wait for a confirmation phone call to finish the verification process. Perform this step when using your bank account information as your preferred verification method.
6. Check your credit card statement for two small charges and a confirmation code, when using your credit card to verify your PayPal account. Log in to your PayPal account and finish the verification process by entering the charged amounts, followed by the confirmation code; the charges to your credit card will be reimbursed.

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