How Much Money Can I Fund My PayPal Account Using MoneyPak?

PayPal
PayPal was designed to make online purchasing and money transfers easy and safe for consumers. The company allows users to send and receive money from almost any where in the world. Users also have the option of linking their debit or credit card to increase the amount they can transfer, or as a back-up method when their PayPal funds are low, or do not cover the total cost of a transaction. PayPal users can use their account to buy directly from online retailers. There is no cost to open a PayPal account.
MoneyPak Limit
PayPal account holders can add money directly to their account via money transfer, a bank account, debit or credit or by using a MoneyPak. If you use a MoneyPak, the maximum amount that you can add to your account is $250 a year, as of 2011. This amount can be increased to $2,000 a month if you verify your identity by providing your name, address, date of birth and Social Security number online. This type of verification is often required to prevent those with dishonest intentions from illegally transferring money from one country to another.
Benefits
Using a MoneyPak to add funds to your PayPal account can provide you with a certain degree of security. When you make an online purchase, you are using only the funds in your PayPal account. This means that your credit or debit card information is not accessible to those who may be in a position to misuse them. Likewise, the retailer with whom your purchase is transacted, only has access to the amount of money in your PayPal account, which means that you cannot be excessively overcharged or receive unwanted continuous billing.
Re-loading
MoneyPaks can be purchased at almost any major retailer, including pharmacies, convenience stores and grocery stores. One MoneyPak costs approximately $4.95 or less, as of 2011. The value on the MoneyPak card can be added to you PayPal account by logging in and selecting the 'add funds' tab. Funds from your MoneyPak card immediately appear in your account and can be used the same day.