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PayPal account security Verification tips and Limitation causes you must know

With more than 200 million users, PayPal is the most popular and respected online financial service provider right now. Being the most popular money service provider, it’s also the most lucrative target for the hackers and frauds who are waiting online when a user or the company itself will make a wrong move and they can take control over the user’s accounts. That’s why PayPal has a strict rule of keeping its user’s data and money safe. Here, I will discuss the PayPal account types you can have and the reasons why you may end up getting a limitation on your account.

How to verify PayPal account

As I said earlier, you need to verify your PayPal account to be able to make transactions online without any limits or restrictions. Here is the step by step tips on how you can verify your PayPal account with Bank account, credit or debit card Or a VCC:

  1. First, you need to login to your PayPal account and you have to navigate to your account dashboard.
  2. Here, make sure you verify your email and phone number following the given boxes and process with OTP and link to your mail ID.
  3. You have to navigate to the Add or Edit Credit card section and click on it, you will be redirected to a page where you have to put in all the info
  4. Fill up all the required fields from your Name, Card type, card number, Expiration date, Verification number, billing address, and other info if needed.
  5. After putting in all the info, Add your Card to the account, then for confirming the card, go to the same page and request for a 4-digit verification code.
  6. Once you have the code, it will cost a small amount which will be reimbursed to your card in 3-5 days, just enter the code and confirm your Card.
  7. When you verify your Credit card, you can do it with Virtual Credit cards (VCC) also. If you are wondering where to get one, Click here for PayPal VCC

Why PayPal may limit your account

Getting a limitation on your account means you can not send, receive or withdraw money from your PayPal account until the limitation is overtaken. Thre are several reasons you may end up with a limitation on your account, here are the PayPal-suggested reasons you want to know why your PayPal account is facing a limitation.

  • When an unauthorized person is using your account and PayPal’s fraud detection program understands that PayPal will limit your account for your own safety. This happens when even you log into your account and accessing with a suspicious IP address. 
  • If your bank or card issuer notifies PayPal that you don’t have access to your bank account or lost your credit card, or if they get notified that your bank account isn’t under your control.
  • If PayPal’s fraud detection system investigates any suspicious transactions, PayPal will put a limitation on your account, so that your account stays safe and you don’t be a victim of fraud or scam.
  • If PayPal finds any activity that goes against the compliance of the regulatory requirements, PayPal will limit your account. For example, if you want to rais any donations using your PayPal account, You need to submit the not-profit organization papers to PayPal, if you don’t submit the credentials, your account will be put to a limitation.
  • If you don’t follow the PayPal’s Acceptable user Policies or violate any rule that doesn’t match up with the PayPal use Policy, such as doing some illegal transactions, PayPal will put a limitation on your account, even freeze it. 
  • If you are running a business account and your account has too many chargebacks and buyer claims, PayPal will require you to get through a review session and put a limitation meanwhile the review takes place. 
  • If your account is caught with sudden and unusual transactions such as you are an individual with a personal account, don’t do a lot of big-transactions, but all of a sudden you are rapidly receiving a very high amount of transactions.
  • If you start selling out of your regular items especially if you start selling high-priced items all of a sudden, PayPal may take it as suspicious activity and put a limitation on your account. PayPal will have you under review and keep the limitations until you can submit documents that make your transactions legitimate. 

Bottom line

PayPal is very strict about its rules and regulations because of the frauds and hackers are walking online, waiting for vulnerabilities. If PayPal would go easy on their rules, you might not find it this much reliable as your money keeper. With PayPal, you can associate multiple credit cards and bank account and do the payment online without having to disclose your identity and bank information to any random online e-commerce site, service site or anybody else who is vulnerable to the hackers except some highly optimized secured sites. If they get hacked, you will get exposed and your money is in great danger!

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