Friday, February 1, 2013
What Does quot;PayPal Verifiedquot; Mean?
Validated Account
The validation process to become PayPal Verified varies from country to country. According to PayPal, the process typically means an individual or business has added and confirmed a bank account with PayPal or received approval for a PayPal Plus credit card.
Limitations Lifted
Non-verified PayPal accounts have an initial limit on how much money can be sent. For many users, when they reach $2,000 in transactions they will need to add a bank account and become Verified in order to have this limitation lifted, so they can keep making PayPal transactions.
Recognition by PayPal
Once your PayPal account is verified, anyone can type in your email address into the 'Send Money' tab to see you are a validated user. PayPal makes it clear their Verification system isn't intended to imply an endorsement of a member or a guarantee of a member's business practices. Examine any feedback customers have left about others you may be interested in doing business with.
Community Trust
A non-verified PayPal account may raise suspicion among other users; however, a Verified account may generally increase the trust others may be willing to give you as a potential merchant. By substantiating your identity, you can add to the overall security of the PayPal network.
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