I set up a Paypal business account and have added a Bank account and credit card (both have been verified by retrieving the PP codes). Limits have been removed from the account apart from the receiving limit of $2500. Does this happen to every new business account? When I reach the limit I understand i have to provide some "proof" documentation - how long until the limit is lifted once the docs are with PP? I think i understand that in the process of providing this info to PP that the account can still receive money but I cannot access it until the limit is lifted. Am I correct? When the receiving limit is lifted what is the new receiving limit? Is it unlimited? Thank you for your help with this Apologies if it is a little basic!
Thanks for reaching out, that's a great question! After you lift your initial €2,500 (or currency equivalent) limit, you should be good to go! I don't see there is a receiving limit (monthly, yearly, etc) after you lift your initial limit.
Cheers,
- Jon K
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