Is it compulsory to verify my PayPal account?

Verifying your account on paypal is for security services. Of course, you can still receive and send money but you cannot withdraw the money on it unless you link your credit card and verified it.

Verifying your account is useful if you need to send money but if you are just earning online and not spending I'd say there's no rush but yeah, verify is more useful.

its better if you get it vaerified, you are not able to make withdraws unless u r verified, limits on trasactions is raised once you get verified...a credit card or a debit card, that is allowed to use online or internationally only works..I had one debit card earlier, i tried with it, but it didnt work, now i have verified it with my credit card...

I still not verify my credit card for my paypal's account.Same like you i don't know what will happen if i don't verify my account.I am still waiting for my credit card statement and need the code that paypal send to my card's statement.I still need to ask the company about the statement.I hope i can get verify my account soon.Have a nice day.