Unverified paypal account

Philippines
April 23, 2012 9:19am CST
I haven't verified my paypal account yet because I haven't got a bank account yet. I am not planning to open an account until my earnings in mylot is about to reach minimum. I understand that to verify your paypal you need a VISA card, or debit/credit card. My question is can your mylot earnings be transferred to your unverified paypal account? Thanks
8 responses
@mysdianait (66009)
• Italy
23 Apr 12
Yes! They will stay there until you verify your account or until you spend them online.
• Philippines
23 Apr 12
Wow. That was quick. hehehe As long as I have a paypal email?
@mysdianait (66009)
• Italy
23 Apr 12
Of course! Without a Paypal email, where can they send your earnings?!
@mysdianait (66009)
• Italy
23 Apr 12
Mine wasn't verified when I first had it (years ago) but I was able to use it. Maybe things have changed now.
• Philippines
23 Apr 12
Hey there! We are on the same boat. I haven't verified my Paypal account yet. I am waiting to accumulate my earnings in there so that when I apply for an EON card, the annual fee will be maximized. Yes, the amount will be credited to your Paypal account even if it is unverified. I am a testament to that! But I see myself applying for an EON card to verify my account in the near couple of months as I am reaching a good sum of money in there.
@mysdianait (66009)
• Italy
23 Apr 12
Don't tell everyone or you will get mugged at the bank!
• Philippines
24 Apr 12
@mysD I will just do the application at the bank and then proceed with any transactions or transfers through online. I never wanted to bring big amounts of cash with me that's why I prefer online banking. Also, they wouldn't notice me to be having a big sum of money. I looked too young to have some money and I look too ordinary to get attention from muggers. @jvincent The annual fee is for the use of Unionbank's EON card. However, as far as I know, there is a withdrawal charge for getting your money from Paypal to your local bank. There are some other fees too. But I think that the Paypal fee will be erased once your transaction is above PhP 7,000.
• Philippines
23 Apr 12
What do you mean by annual fee? For every withdraw there is a charge?
@laken02 (3065)
• United States
23 Apr 12
that is a good question for pay pal call them and ssk them they are very helpful and nice..i think it is failty easy to get the account verified.. or if you dont want to do that this may work, you mylot money goes in your pay pal account and you ask pay pal to send you a check for the money.. it will take longet to get i think it takes 7 days for me to get it that way, and they charge me 1.50 for sending the check.. so im not sure if i will have ot transferd to my bank or do the check.. but they wont send it to you bank unless you get it verified first they do this to make sure they have the right bank account to sedn your money to... hope this helps .. if not call pay pal..
• Philippines
24 Apr 12
Yeah. You need to verify your account when you are going to transfer from paypal to your bank account. But from mylot to paypal, no need.
@vandana7 (98877)
• India
24 Apr 12
You can transfer but you cant use..of what use it that? Look..first verify your paypal account. Get everything in order at that end. You can accumulate your myLot earnings till 100 dollars. But if for some reason you cannot verify that account, you would lose the monies. So why not attend to paypal and bank account link first and then furnish relevant details to myLot.
@vandana7 (98877)
• India
24 Apr 12
Oh no..you misunderstood me completely. The minimum payout is 10 USD. However, you can accumulate the amount upto 100 USD in myLot. That should give you ample time to sort out things at Paypal's end. Hope I made myself clear now. :)
• Philippines
24 Apr 12
thanks. I'll do it soon.
• Philippines
24 Apr 12
Yeah. Thanks for the advice. I'll verify my account in paypal later. I think it's still a long way for me in reaching my payout here in mylot. hehehe
• Philippines
25 Apr 12
Yes will go there as long as your email is verified on pay pal. If your money is in pay pal, i think you are not allowed to transfer to bank because you need pay pal first to get verified.
• Philippines
25 Apr 12
Yeah. I hope that when I transfer my earnings in paypal, the money will be safe because it might be a long time before I withdraw it to my bank account. thanks
• Philippines
26 Apr 12
Payment can go thru (in and out) even if your Paypal is unverified. There is just a certain limit of amount per transaction per day for unverified but I guess you don't have to worry about it because the limit is quite big at around 500$ or so.
• Philippines
26 Apr 12
Really? How reliable is this information? I'm really confused now. Some said in this post that you can only transfer money into paypal but you cannot transfer money out from an unverified paypal account.
• Philippines
26 Apr 12
Thanks a lot.
@Zer0Stats (1147)
• India
27 Apr 12
Yes all you require to have a valid PayPal email address..
@srk4you (24)
• Nepal
25 Apr 12
Yes, you can receive payments from anywhere (not only from myLot, but from anywhere) - no matter your PayPal account is verified or unverified. However, it may not work the other way. That means, you may not be able to send payments to an unverified PayPal account, but you can send payments from an unverified PayPal account. The reason behind this is simply to avoid any legal issues like money laundering and other illegal activities. Illegal things like terrorism, smuggling need money, so some businesses won't accept payments from unverified PayPal accounts. And you can also set up your PayPal to not receive payments from unverified accounts. Anyways, yes, you can receive money TO unverified PayPal account.