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since ‎Feb-07-2012
AKKINI
AKKINI Contributor
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Re: Sending limit bug

by snowshoe Frequent Advisor in About Payments (Archive)
‎Aug-12-2013 05:32 PM
‎Aug-12-2013 05:32 PM
The messages don't make sense but, if you want to resolve your issue, you need to verify your account.   Why is verifying my account important and removing my limits important?   All US financial institutions such as banks, credit card issues and 3rd party transaction processors such as PayPal are required by law to verify the identity of the person behind any and all Accounts into which money is collected.   Verification mitigates money laundering and terrorist financing.  PayPal takes advantage of the fact that you had to prove to the bank you are who you say you are.  Therefore, by linking and confirming your bank account, the background work has already been done and PayPal has now met the legal requirements to protect themselves.   PayPal's FAQs state: To Verify your PayPal account, just link your bank account to your PayPal account or be approved for PayPal Smart Connect or the PayPal Plus MasterCard®.   From experience, we’ve learned that in order to use PayPal without limits, it best to link and confirm a bank account plus link and confirm a credit card or register your SSN # or do all three.  (Note, when you link and confirm a credit card, this acts as additional proof of ID, a backup funding source and allows you to do instant transfers verses sending eChecks or in the UK eCheques.)     ... View more

Can my friend withdraw money from Serbia?

by AKKINI Contributor in About Payments (Archive)
‎Feb-07-2012 12:59 PM
‎Feb-07-2012 12:59 PM
Hello,i have friend from Serbia and in Serbia PayPal is not avaible. I want send him my money but can't. Can i give him my PayPal,then he link his bank account from Serbia and withdraw money? Is there any other way? Please help  ... View more
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