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How to verify your PayPal account to get rid of withdrawal limits on your account

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How to verify your PayPal account to get rid of withdrawal limits on your account

Category : entrepreneur

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  • You can verify your PayPal account by linking a bank account, credit card, or debit card. 
  • Once your verify your PayPal, there will no longer be a withdrawal limit for your account; unverified accounts having a monthly withdrawal limit of $500. 
  • You can also verify your PayPal account by applying and getting approved for PayPal Credit.
  • Visit Business Insider’s homepage for more stories.

Until you verify your PayPal account, you may not be able to fully use the service. 

Having an unverified account puts limitations on some of PayPal’s most essential functions, including how much you can withdraw ($500 per month for unverified users) or transfer to your account. 

There are two ways to verify your account — one is to apply and get approved for PayPal Credit.

But if you’re not in the market for another line of credit, another way to verify your PayPal is to simply link your bank account, credit card, or debit card.

Here’s how to go about verifying your PayPal account by linking a bank account to eliminate your withdrawal limit.  

How to verify your PayPal account

1. Sign in to PayPal, or sign up if you haven’t already, with an email and password.

2. Click “Summary.”

3. If you haven’t confirmed your email or phone number already (for security reasons), click to do so.

PayPalVerify1

You’re not quite verified by PayPal even after you’ve confirmed your phone and email, but you’ll be two steps closer.
Emma Witman/Business Insider

4. After you’ve passed those security measures, on the same “Summary” page you’ll now see an option to “Link your bank.” Click it.

PayPalVerify2

Click to link your bank.
Emma Witman/Business Insider

5. Select your bank from the icons. 

PayPalVerify3

If you use a small, regional bank, you may need to enter it by tapping “I have a different bank.”
Emma Witman/Business Insider

6. Enter your bank account’s online login information. The linking process will then initiate.

PayPalVerify4

Be patient. This step can take several seconds, but the screen isn’t frozen.
Emma Witman/Business Insider

7. You’ll be prompted to confirm your identity with another security check, this time from your bank rather than PayPal. Enter the code your bank sends via text.

And that’s it. With your bank account successfully linked, you’re officially PayPal verified. Spend wisely — there’s no longer a limit on what you can withdraw from the aforementioned linked account now.

Related coverage from How To Do Everything: Tech:

  • How to refund a payment on PayPal in 4 simple steps

  • How to change your primary address on PayPal in 3 steps

  • How to contact PayPal if you have an issue with your account, in 2 different ways

  • How to add money to your PayPal account, so you can transfer money or pay bills immediately

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About Author

Sammy Singh

Global VC, Founder, and entrepreneur extraordinaire as featured in Inc. Magazine, Bloomberg, and Forbes. Sammy Singh is a graduate of UCLA and Wharton School of Business as well as a former student of Loyola University of Chicago. Sammy is best known as a renowned financial technology global entrepreneur and has founded over 26 different firms across industry and all over the world. He is a venture capitalist,a TV/ Film actor, tax specialist, and marketing solutions strategist. Connect with Sammy Singh on social media below! www.linkedin.com/in/cfo www.instagram.com/champagnegqpapi www.facebook.com/officialsammysingh www.twitter.com/cxosynergy www.medium.com/@sammysingh www.crunchbase.com/sammysingh

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