can i withdraw money from an unverified paypal account?
By aileen18
@aileen18 (170)
Philippines
March 27, 2009 9:30am CST
can someone plese tell me if its possible to withdraw money if your paypal account is unverified?
1 response
@owlwings (43910)
• Cambridge, England
27 Mar 09
The meaning of verification is that your PayPal account is associated with a bank account or credit card that has been verified as yours and therefore PayPal can be assured that money transferred to or from that account is going to the right person.
Verification is very simple: PayPal transfer two small amounts of less than a dollar to the account you specify and, once you see them on your statement (because you are, presumably, the legitimate owner of that account), you tell PayPal what the amounts are and your account is verified.
PayPal cannot pay cash or transfer money to an account unless this is done. You can, of course, use the balance in your PayPal account to buy on the Internet or from anyone who accepts PayPal. You could also arrange with a friend who has a verified PayPal account to transfer a sum of money from your account to theirs and they could then pay you cash.