For safety reasons, I have paypal liknked to credit card and is an unverified account.
Seems I have reached my spend limit of £ 1,000 and paypal want me to enter a bank account details which I chose not to.
What are my options?
Open up another account with different e-mail but same details?
Open up new bank account for use with paypal?
I have a couple of dormant accounts but can't use them due to not being 8 digits - presumably because they are not bank accounts but BS.
quote:
We are currently unable to complete your transaction.
This payment will put you over the PayPal account £1,000.00 GBP sending limit.
You have sent £999.56 GBP with your PayPal account.
Your remaining sending limit is £0.44 GBP.
To remove this sending limit permanently, please get Verified.
What does get Verified mean?
When you opened your PayPal account, we asked you only for essential information. These accounts are unverified accounts and have some restrictions placed on them. One of these is the total amount of money you can send from your account. Verified accounts are accounts where PayPal has made checks to ensure that you are in control of your bank account or card. This helps to prevent fraud such as identity theft. After performing these checks, PayPal removes the sending limits.
I think to verify it, paypal input and retract two amounts less than £1 into your account and the two amounts make up some pin mumber to input into
paypal.
Problem is, it takes about a week.
Adding a bank account is harmless, you dont give any usability info, Paypal pay in a couple of small amounts less than 10p, then you tell them the two amounts when they appear on your satement, quickest if you use online bank statements, they dont / can't take anything out.
I had to do this recently because I had received quite abit of money... and for "anti money laundering rules"..
I didnt want to enter bank details either... but what choice do you have....
I watch very closely what comes in and out and it all looks ok so far....
Apply for a 'cred e card'
https://www.credecard.com/uk/
It's a pre-paid Mastercard you are supposed to top up at a newsagent that has a paypoint thing for paying bills. However, this particular one
has a 'proper' 8 digit account number and sort code associated with it, so you can link it to your Paypal and use it just like a regular
bank account.
As it's pre-pay, there is no credit, and therefore no credit search. You just need a postal address.
Chris
I verified mine last year for the same reason, no problems so far.
Just get verified, it's not painfull. only when you sell and they charge you "fees"