PayPal is the leading online payment service, serving the customers of 190 countries, accepting thirty currencies. PayPal is one of the most convenient payment methods to use, even if you are purchasing a new smartphone from eBay, making a living selling goods or accepting payments for your service.
However, PayPal’s services come with a price. Since the company has a policy to refund all transactions that were made in error or were unauthorized, PayPal has to maintain a tight security over its users. For this, the firm had developed a policy: when they notice any suspicious activity on a PayPal account, they limit it. When you are limited, you are not allowed to send, receive, or withdraw money from your account. We have gathered some tips on how to avoid such things from happening.
Verify Your Account
The first step when you create a new account at PayPal is to verify it. Why? It was reported that PayPal closely monitors new accounts since there has been a growing number of crimes, such as scams, connected to PayPal accounts. However, since you are using the account for legal reasons, you do not have to fear. To verify your PayPal account, you have to add a credit card and a bank account (some countries only require a credit card to be added) and verify both of them.
PayPal places different kinds of limits on your account, such as annual receiving limits, until you provide information on your identity, credit card, and your address. We recommend you send them the required documents – the company mostly requests national ID cards for verifying your identity, and utility bills, drivers’ licenses (issued within the twelve months prior) or bank statements (not older than twelve months) to verify your address – since they will also reduce the chance that the firm will limit your account.
Wait for a While Before Using Your Account
Yes, it is really hard to wait before you can use a new service you registered for. However, we advise you to wait at least 30 days before conducting significant money transfers to/from your account to avoid limitations. Since many Internet frauds happen within the thirty-day period of creating a new PayPal account, the company will closely monitor all activities on new accounts.
Stay Away from Proxies
PayPal closely monitors each of its users’ IP addresses for security reasons. There have been rumors that the company logs the first IP address each user uses to create his or her account with. Using a proxy would hide your real identity, providing you anonymity; however, this action raises a red flag at PayPal, often resulting in your account getting limited.
Avoid Connecting to Limited Accounts
PayPal has a tight policy of creating multiple accounts, especially if one of them gets limited. By the Terms of Service of the company, you can have one personal and one business account. If you create, for example, a personal account, and it ends up getting limited, and if you register for another personal account at the firm, it will likely get limited as well.
Be Careful With eBay
Since eBay and PayPal are owned by the same company, their accounts are also connected. On eBay, PayPal accounts are the most convenient methods to either accept payments or pay for products. However, if you have negative reviews on your eBay accounts, or your account gets limited, it will likely affect your PayPal account too.
Conclusion
While it can be frustrating to have your Paypal account limited, by following the above tips, you will be able to minimize the chances of your account being marked by Paypal.
Benjamin Vitáris is a freelance journalist and tech blogger.