I don't have funds in Paypal, Does cashing out from my lot verify Paypal?

@vaericke (162)
Philippines
August 10, 2012 11:46am CST
Guys I have a paypal account right now that is not verified because I don't have a credit card since I am a student. My question is that will my paypal account get verified and will I be able to use it even without billing address when I receive funds from my lot earnings? Thanks so much for the reply^_^
6 responses
PhillyDreamer
@PhillyDreamer (3039)
• United States
10 Aug 12
Paypal places restrictions on unverified account. i believe it's a $500 limit per month. I think you do need an address, because without a bank account or a place they can send you a check, you will not be able to get paid.
topffer
@topffer (42156)
• France
10 Aug 12
The limit for sending/receiving money depends of the country : $500 per month for USA, 500 GBP per month for UK, etc. And there is also an overall limit for an unverified account, around $2500.
PhillyDreamer
@PhillyDreamer (3039)
• United States
10 Aug 12
I was not aware of the overall limit, i will have to look into that myself, because my account is also unverified.
vaericke
@vaericke (162)
• Philippines
11 Aug 12
Thanks for discussing those details. I don't have a credit card to link to paypal but I'm happy that we can use paypal unverified for online shopping.
aerous
@aerous (13434)
• Philippines
10 Aug 12
As far as I know you can cashout here even if your paypal is not verified. The problem with unverified paypal account is the ability to withdraw cash with minimal amount. You can verify your paypal account using other terminals
vaericke
@vaericke (162)
• Philippines
11 Aug 12
Thanks for the information. ^_^
aerous
@aerous (13434)
• Philippines
22 Aug 12
Your welcome, friend. I just do what I think a good suggestion to a friend like you. Have a great day always!
MysD
@mysdianait (66009)
• Italy
10 Aug 12
When you reach your minimum, myLot will pay you even if your Paypal is unverified. You will not be able to receive your money as cash at your bank until you verify it but you could use for other online ventures.
vaericke
@vaericke (162)
• Philippines
11 Aug 12
Thanks for the response. That was Informative ^_^
Venkataraman
@venkataraman_vc (5293)
• Chennai, India
10 Aug 12
MyLot doesn't require you to have verified Paypal.
Venkataraman
@venkataraman_vc (5293)
• Chennai, India
10 Aug 12
And, generally verification of Paypal can be done either by linking a bank account or a credit card. Just cashing out doesn't verify it.
vaericke
@vaericke (162)
• Philippines
11 Aug 12
Thanks for the response.^_^
fantabulus
@fantabulus (4000)
• India
28 Aug 12
I have also not credit card I think for Indian people credit card is not necessary only bank account no. is required and then paypal deposit little bit money for confirmation of account and we ask how much amount is deposited in bank. Like 1rs or 2rs. etc.
vaericke
@vaericke (162)
• Philippines
28 Aug 12
okay
savagecabbage
@savagecabbage (1216)
• Philippines
23 Aug 12
Hi. If you cash out from mylot, your paypal account will not be verified. But you will still get the money and you can buy things with it online. I think that is the best way to spend your mylot money if your paypal is not verified. Hope this helps. Welcome to mylot and happy mylotting, friend.
vaericke
@vaericke (162)
• Philippines
27 Aug 12
Thanks. Srry I haven't been mylotting for days now.