I understand that the largest amount in a single transaction on paypal is 10k USD. Let's say you manage to make up to 1 million inside your paypal account wouldn't you need to do 100 transfers to move all the money to your bank account?
I am really curious as to the maximum amount that paypal allows because even though they state it's unlimited for verified accounts is it really unlimited?
The max amount for a transaction is $10,000. If someone owes you $20,000, they would have to make two payments of $10,000 each. There is no limit on what you can receive, however, it's only $10,000 at a time.
