Is there a maximum amount I can be paid/withdraw via PayPal?

Zethian
Contributor
Contributor

 I only have a personal account, not a business, and wanted to know if there are any caps to amounts I can be paid or amounts I can withdraw with my account. I may be receiving a one-off payment of $26,000 and obviously as this is a large amount I don't know if I'll be able to withdraw the full amount of this once it's paid into my PayPal. (As in, is there a limit on how much I can withdraw, I don't want to be stuck with the money sat in my account or being refunded after 30 days because I'm unable to withdraw it).

PayPal says I have successfully removed limits by adding personal information to my account, but I still want to know if there are any caps or anything just in case.

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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

You are not supposed to sell on a personal account and that is  why there is no seller protection if you accept payments for goods / services in this way.

 

Personal accounts are for buying or receiving / sending payments from family / friends.


Advice is voluntary.
Kudos / Solution appreciated.
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