PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Verifying your PayPal account improves the overall security. When you’re verified, it means that you’ve provided additional information about yourself to help confirm your identity. After you are verified, PayPal will lift your limits so you can withdraw more money. You can use your credit card, debit card, or your bank account to verify your PayPal account. When your account is verified, the withdrawal limit on your PayPal account will be lifted.
Verifying your PayPal account
To verify your PayPal account, follow these steps.
- Log into your PayPal account
- Click on ‘Get Verified’ or ‘Add a Bank Account or Card’
- Enter your debit or credit card details, or your bank account details if you want to link your PayPal account with your bank instead
- PayPal will debit $1.95 that will be refunded after verification
- You will get a four-digit security code (in this format: PP*1234), in your bank statement in reference to the verification transaction
- The code may take up to 5 days to reflect in your statement or you can contact your bank to get this code
Note: Use your legal name on PayPal, in case of future verification that may require you to upload your national ID card or utility bill