I’m starting a new online store and recently opened a PayPal Business account. I’m worried about hitting transaction limits, especially when accepting larger orders. What are the one-time payment limits for verified and unverified PayPal accounts?
Yes, there are transaction limits in a business PayPal account, but they depend on your account status:
1. Unverified Accounts: You can make a one-time payment of up to $4,000 USD. If your account is unverified, this limit will apply unless you complete the verification process.
2. Verified Accounts: For verified accounts, you can transfer up to $60,000 USD in a single transaction. However, the limit may be capped at $10,000 USD depending on your currency.
To lift these limits, ensure your account is fully verified by linking a bank account or credit card and following PayPal’s verification process.
Visit Business Globalizer to learn more about optimizing your business transactions and payment solutions:
https://businessglobalizer.com/services/
Want to know more about managing PayPal for your business? Book an appointment:
https://businessglobalizer.com/services/business-consulting/
