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You can set or remove a limit in your PayPal account. This allows you to enjoy shopping without overspending.
Setting and removing PayPal limits: What you need to know
To protect users, PayPal has what is known as a sending and withdrawal limit in place until your bank account has been verified.
- The transfer limit, or PayPal maximum amount, is 2,500 euros. For amounts above this, it is not possible to make a transfer without verifying your bank account.
- PayPal reserves the right to review higher amounts initially, even after a bank account has been verified.
- The limits on PayPal – including limits on sending, receiving and withdrawals – cannot be set freely. They are set automatically by PayPal and can only be removed by fully verifying your account.
- Incidentally, the sending limit via PayPal Friends is no different from the limit for commercial payments.
- There are different types of PayPal limits. The sending limit restricts how much money you can send from your PayPal account per period (e.g. per year). The receiving limit restricts how much money you can receive before verification is required. The withdrawal limit, on the other hand, determines how much money you can withdraw from PayPal to your bank account.
- To check your current limits: Log in to paypal.com. Click on the cog icon (Settings) in the top right-hand corner. Select ‘Account overview’ or ‘View limits’ (depending on your current interface). There you will see which limits apply to your account and how you can remove them.
- Important: The limit for PayPal instalment payments is between 99 euros and 5,000 euros, with a term of either three, six, twelve or 24 months.
Step-by-step guide: Fully verify your PayPal account
Once you have entered your bank account details, you can verify them. This will remove your sending and withdrawal limits. However, for security reasons, you should only remove your limits when you really need to.
- Confirm your email address: After registering, you will receive an email from PayPal. Open the email and click on the confirmation link.
- Add and verify a bank account or credit card: Go to ‘Wallet’ in the top menu bar. Click on ‘Add a bank account’ or ‘Add a credit card’. For bank accounts, PayPal will transfer a small amount to you containing a four-digit code. You’ll find this code on your bank statement and need to enter it into your PayPal account to verify the account. For credit cards, PayPal will charge a small amount to your card and include a code in the reference field, which you then need to enter.
- Upload proof of identity: Go to “Settings” > “Account Overview” > “View Limits”. If further proof is required, PayPal will ask you to upload documents (e.g. identity card, passport, proof of address). Follow the instructions and upload the required documents using the secure upload function.
- Enable two-factor authentication (recommended): Go to “Settings” > “Security” > “Two-step verification”. Select an authentication app (e.g. Google Authenticator) and follow the instructions to provide additional protection for your account.
- Typical documents for verification: These include a valid identity card or passport (both sides), a current certificate of residence or an official letter showing your address, or proof of a bank account (bank statement showing your name and IBAN). Businesses must provide a business registration certificate or an extract from the commercial register.
- Note: PayPal may, at any time – even after full verification – set limits or request additional evidence if unusual activity or breaches of the Terms of Service are suspected. In such cases, a re-verification and, if necessary, the uploading of further documents will be required.
- Problems: If you encounter difficulties, for example because documents are not accepted or technical issues arise, please contact PayPal Support directly. They will provide you with personalised assistance.
Edit your PayPal limit in the settings
Once you have verified your account or a credit card with PayPal, you can remove the limit via the settings.
- Once you have logged into your PayPal account, click on the cog icon (Settings) in the top right-hand corner of the home page.
- In the ‘Account’ or ‘Account Overview’ menu, you will find the option ‘View limits’.
- Under ‘Wallet’, you can add and verify bank accounts and cards. In the ‘Security’ section, you can enable two-factor authentication.
- Please note: For security reasons, you should only remove the sending limit on PayPal in exceptional circumstances – and only for reputable and trustworthy recipients.
- By the way: There is no limit on the amount you can receive via PayPal.
