I also have a major problem with this requirement from PayPal. I have been a PayPal user for many years and have never had a payment or credit card problem whatsoever. Now, suddenly, they impose an "initial sending limit" as though I am a new user who might not be trustworthy. I have used the same credit card for payment for all the years I've been using PayPal. This is the acknowledgement I get for a long relationship with PayPal and 100% perfect payment and financial fidelity?? They try to sell this as an additional security measure, but the truth is that explanation is just a veil for a policy that allows them to reach deeper into your pocket and either secure a direct connection to your bank account or force you to switch to their credit card rather than the one you prefer. This is not more secure for me. It's extortion and I find it disingenuous and unethical. This is the brain-child of someone at PayPal whose priority is clearly not customer satisfaction or customer retention. Currently, PayPal simply says I am approaching my sending limit and need to go through the verification process, but I haven't actually hit that limit or had my transactions suspended pending completion of this step. So I will continue to use PayPal until the day I get a message saying I have hit my limit and can no longer process payments. On that day, I will be done using PayPal for good. Really stupid move, PayPal. I know I'm not the only one who feels this way.
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