Is it possible to lose my paypal account and money if my accout is not verified?

@zhouxi (1756)
China
January 10, 2010 5:56am CST
My paypal account is not verified .i want to know if I don't verify it for a long time. is it possible that i would lose my paypal account and money in it?
1 person likes this
8 responses
@hatimyal (1517)
• India
10 Jan 10
No it is nothin lie that. you dont need a verified paypal account ot transfer your money from paypal to your bank. if some1 files a chargeback against you or paypal find an aunauthorised access to your account then your account can be limited and you wont be able to send or recieve money. other a unverified account is just fine. Regards
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@zhouxi (1756)
• China
10 Jan 10
yes, i know that.
@hatimyal (1517)
• India
10 Jan 10
Linking your bank account to paypal account doesnt verify your account. you need a debit/credit card to verify your account. and obiviously you need to attach your bank account to your paypal to transfer money. Regards
1 person likes this
@hatimyal (1517)
• India
10 Jan 10
Where are you from. different countries have different rules. i had my account linked with my bank and i transfered money from my paypal to bank account. but my status was always unverified. i had to link my CC to verify my account. Regards
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@silvercoin (2101)
• Lithuania
10 Jan 10
No,you won't lose your account.My second Paypal account was created in 2008,it's still unverified, but I'm able to use it.Being unverified you can send money and receive money like normal user, but you can't withdraw your money.Unverified accounts have more limits.So,if you're planning to use it for purchases online or your personal business, you'll need to verify it.
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• India
10 Jan 10
no you dont lose be cool and go on earning all the very best
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@zhouxi (1756)
• China
10 Jan 10
I'm happy to know this.thanks!
• China
11 Jan 10
this is a question i want to know too. is there any on can explain
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@zhouxi (1756)
• China
11 Jan 10
@lorelai (1558)
• Italy
10 Jan 10
I've never verified my PayPal account and I have it for almost five years now, I never lost anything, not a cent so I really don't think that's possible. Don't worry PayPal is a pretty secure payment processor just don't answer to any e-mail you get from fake PayPal admin because PayPal is not sending e-mails to their members EXCEPT when they receive or send money...and they never ask you to log in or give them your password.
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@zhouxi (1756)
• China
11 Jan 10
how did you spend your money on your paypal account?
• Philippines
10 Jan 10
No, paypal would not close your account they would only freeze it and would request some additional documents for you to accomplish. While waiting for your document to send on them they would disable some function like you could not withdraw, or receive funds until you fix your problem with them. You just need to follow what they like you to do , like completing all the requirements and other supporting details once you follow their instructions your paypal would be verified anytime.
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@zhouxi (1756)
• China
11 Jan 10
@zandi458 (27952)
• Malaysia
10 Jan 10
I have never heard of people losing their unverified paypal account. But it is better if you verify your account to ease transactions.
1 person likes this
@zhouxi (1756)
• China
11 Jan 10
@williamjisir (22903)
• China
10 Jan 10
Hello zhouxi. You will not lose your paypal account even if you have not got it verified like mine. But make sure you remember your password for it and go to the bank for some formalities to have the earnings from your paypal to your verified bank account. Good luck to you, zx.
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@zhouxi (1756)
• China
10 Jan 10
you have withdrown your money from bank?is it complex?
@dianmelydia (2272)
• Indonesia
10 Jan 10
I think there's no problem with this situation. Unverified paypal can still be use as long as your limit is available. Remember that your unverified paypal account only has limit up to $100. But you can't make any withdrawal from your unverified account. Have a nice day and happy mylotting.
1 person likes this
@zhouxi (1756)
• China
10 Jan 10