Today, the service enjoys a reputation. one of the best payment systems on the market in the world. Therefore, they should not worry about providing personal data - they are stored on secure servers. Moreover, during transactions, you only need to dial an email - which makes PayPal even safer. In this case, in the case of fraud, anyone can make a request for help and there is a good chance that the funds will be returned.
Nevertheless, users negatively perceive such a requirement, explaining it by increased control over other people's finances and looking for a trick. Yes, and tell what is written in your passport is unknown to anyone, few people have a desire.
The need for personal data in PayPal
In the Russian Federation, users are forced to verify PayPal since 2015. However, in many other countries, this procedure is even earlier (USA, EU countries, Australia and others).
However, the service is forced to carry out such policy in accordance with the law countries in which he works. For example, in Russia it is necessary to store customer data on servers located on its territory. This norm is dealt with by Roskomnadzor, which, for ignoring this requirement, may impose a block or fine the company.
That is, any state sets itself the goal of controlling the financial flows of its citizens. The goal is simple - to ensure the flow of tax revenues and minimize the possibility of money laundering. So such legislative norms look quite natural. By the way, in Western countries, many register separate accounts specifically with PayPal - to simplify the conduct of their business.
What do users need to indicate?
PayPal verification was introduced gradually. It was originally started pass only new customers. However, most of the previously registered received a message with a proposal to disclose their data - this applies to those who used an anonymous wallet. The procedure takes place in the language of the country of which the client is a citizen.
So, during registration, you will need to enter the following information:
- Passport number and series.
- Surname, name, patronymic and date of birth.
- Identification number, SNILS or medical insurance number (user selects).
A special form has been created for entering information. Among other things, the payment system requires the provision of another additional document, for example, TIN, health insurance number or SNILS. Which specific document to choose depends entirely on the user.
If the required information is indicated, restrictions on the use of services are removed. In the case when this is not done within 60 days from the moment the message is read, the account is blocked. It can be unlocked if the system conditions are met. Payments and penalties in this case are not provided.
What does verification in PayPal give?
Those who use the services of an anonymous account, have many limitations. Like Russian Yandex.Money, Qiwi or WebMoney, not all payments can be made here either. For example, a single transfer for Russian users cannot be higher than 150 thousand rubles. Moreover, within a month it will not work to make a payment of more than 40 thousand rubles. This really leaves a low margin of opportunity if the customer often makes purchases over the Internet.
Moreover, if you do not go to PayPal to verify your identity, the ability to send funds or withdraw them to the account of any bank will be blocked. But such an option for many is the most important.
As a result, if the verification of the account in PayPal is limited, the passport data and TIN will be sent, this increases the limits:
- Within a month 200 thousand rubles can be transferred.
- In one go send up to 60 thousand rubles.
After a full check, the conditions are even better:
- The limit on monthly transactions grows to 550 thousand rubles.
- You can send up to 5 thousand dollars at a time.
It is worth recalling that anonymous accounts do not have access to open a currency account. As soon as the user has decided to confirm his PayPal identity, he will be able to work with dollars as part of the payment system. Finally, anonymous users cannot accept payments from legal entities or individual entrepreneurs.
In general, the process of verifying an account in PayPal does not imply any particular difficulties, but it does provide an opportunity to get a number of advantages. As soon as the payment system receives passport data, mobile number and TIN, the system will open the account full access to its services.
Why Verify PayPal Account
When opening an account in PayPal, the user must go through several stages:
- Create an account using email.
- Confirm this box through the link in the letter from the payment system.
- Link a bank card.
After that, you can start using your e-wallet: pay through it on the Internet, send money to family and friends, take finances to your account.
But at the same time, certain limits will apply on the size of the amount that is available for storage on the PayPal balance, and a restriction on transaction volumes per month. For unverified Russian accounts, they are:
- 60 thousand rubles for one transfer,
- 200 thousand rubles in total for transactions per month,
- 60 thousand rubles in the account balance.
To remove these restrictions, the user needs to confirm - that is, verify - both his bank card tied to the PayPal wallet and passport data.
How to verify PayPal wallet
Since 2018, the verification of the PayPal account takes place online on the site of the payment system. To do this, go to your personal account.
Scroll the main page down. On the left side, find a block called "Account Details". Here click on the link "Check your account limits."
On the page that opens, click on the "Increase Limits" button.
This takes the user to the confirmation page of his identity. In the message that opens, click on the “Get started” button.
First, personal data is confirmed here. To do this, leave such information about themselves:
- Date of Birth,
- country of birth,
- TIN number
- passport ID,
- Date of receipt of the document
- name of the institution where the passport was obtained.
Mandatory document that the Russians need in order to verify the PayPal account is a passport. And therefore, here you will need to not only indicate the data about it in the fields of the confirmation form. You will also need to upload a copy of the pages of the document to the site. To do this, drag the file from the folder on the computer directly to the specified area of the page of the verification form.
The requirements indicate that these files should not exceed 2 MB in size and be in one of the formats: JPG, PDF, PNG, GIF.
After filling in all the fields, click on the "Submit" button.
Then proceed to confirm the bank card. To do this, go to the "Account" section.
Here you will need to indicate your credit card number, expiration date and CVV code. When sending this data for confirmation, the user will receive a secret code. It will need to be entered in the field that appears on the site. And about $ 2 will be deducted from the card balance. Therefore, it is necessary that there is money in her account. If the card is in rubles, the amount will be debited in the equivalent of the national currency at the current rate.
Waiting for confirmation of passport data and bank card details will take about 2-3 business days.
How to buy a verified PayPal account
If PayPal cannot be verified on its own, some users go to buy a ready-made account on the Internet. Such suggestions are not uncommon in forums. To do this, look for the ads "Selling verified PayPal accounts." The price depends on the seller and can range from 20 cents to $ 25.
The most popular and common purchase accounts are on behalf of US users. Having paid for the service, the user must receive not only the login and password for the account, but also access to the email address to which he is open.
In addition, the Internet is asking for help when there are problems with the verification of your real PayPal account. At the same time, it is better to pay for a consultation than to give an anonymous person access to your account.
Confirmation of a PayPal account is a responsible task. If you intend to use the electronic wallet for a long time, you should leave true personal data about yourself. But when the need arises, it is also possible to buy a verified PayPal account.
PayPal Account Verification: Step-by-Step Guide
Once you have completed the registration process at PayPal, your account will automatically be assigned the status of “unverified”. In order to be able to use all the functionality of the payment system, you must go through the process of confirming ownership of the email address and payment card.
PayPal does not set time limits for verification, and you can do this at any time. But we advise you not to delay, because the whole process of verification in PayPal is not complicated, and will take about ten minutes on the strength.
The question is, why is verification in PayPal necessary? What are the benefits of verified accounts?
- First of all, an increase in limits. As a rule, unconfirmed accounts have serious restrictions on payments. If you confirm your ownership of a payment card, you can not be afraid that the system will not conduct your payment.
- Security. Unconfirmed accounts are very closely watched. For any violation, or suspicion, the account can be blocked, or frozen for an indefinite time. Believe me, it’s not nice when hundreds of dollars are in the accounts, and the account is blocked. Of course, verified accounts are not insured against the ban, but if you do not violate the rules of the system and do not cheat, you can forget about the possibility of blocking.
What you need to verify inPaypal
First of all, a valid payment card, with the ability to make payments on the Internet. As a rule, many cards have this feature. But to be safe, contact your bank branch, or call the hotline and find out if you can buy goods on the Internet using your card.
A very important point - you must have at least $ 2 in your account. Indeed, during verification they will be deducted from the account. Someone may wonder why they should shoot, because you wrote that this procedure is free. Do not worry about where your money is going, and if you see them again we will tell you a little lower.
Verification Algorithm inPaypal
- First you need to log in to PayPal. To do this, go to the official website of the payment system and enter your username and password. If you have not registered yet, you can read our article “Registration in PayPal” and create an account right now.
- After authorization, in the right panel you will see links, among which you need to choose "receive or confirm a debit or credit card." It is by clicking on this button that the verification process in PayPal will begin
- Now you need to fill out a simple form in which to indicate your name and surname (always in Latin letters and preferably as in the passport). If your name and surname are indicated on your card, then enter exactly so.
The card number is written on the front side and must be entered without spaces, dashes, or other signs. A solid set of numbers.
The security code is the last three digits that are on the back of the card. As a rule, they are written separately.
Billing address - here indicate the address where the card was issued. The default is your home address. If the card was issued in another place, then specify the correct address.
After clicking the “save” button, 1.95 dollars will be debited from your account. Do not worry, because after successfully passing the verification process, this amount will be returned to your card, or to your PayPal account (relevant only for residents of Russia and the Baltic states).
- Preliminary preparation was done, data entered, money written off, now the main stage of verification in PayPal begins. You need to find the details of the operation for which 1.95 dollars were withdrawn from the account. To do this, you can go to Internet banking, and see the latest ongoing transactions on the card. If Internet banking is not available, then contact the bank’s operators via a hotline and they will tell you where and how to get an extract. If you can’t call, and Internet banking is not available, then just go to your bank’s office and take a printout of the latest transactions for the day from the operators.
In Internet banking, the statement will look something like this:
The code that needs to be entered on the card confirmation page in PayPal is highlighted in red on the picture. Be extremely careful, because if you enter the wrong code three times, the card will be blocked. In this case, you will have to write to the support service, and prove that you are really the owner of this card, and not a fraudster who took possession of it dishonestly.
If the verification procedure in PayPal was successful, then on the screen you will see such an inscription
Immediately after this, the status of the account will change to verified, and advanced functionality will become available to you. Use PayPal, make purchases in the best online stores in the USA and Europe.
If you register an account with PayPal in order to sell goods, then perhaps you will be interested in the article “How to Withdraw Money from PayPal in Russia” and “How to Withdraw Money from PayPal in Ukraine”. In these articles we have gathered personal experience and the experience of our partners on how to optimally withdraw money from your PayPal account, with minimal fees and losses.