Can some one tell me how long does paypal take to lift the yearly limit on a new created account? 10 days ago we registered a paypal account and under the "Account Limits:" the "Receiving limit per year" was 2500 EUR. We have lifted the limit and send them all the documents they need, and we also received an email that the limit is lifted and that now we can send/receive money unlimited but on the paypal account there is still "Provide identification - in progress" and a note "We'll contact you if we have any questions. Confirm identification so the account holder can move money". So I have read somewhere that this take up to 30 days in some cases. We also call their support and they only told us to wait. So, does anyone know how long it takes? Your personal experiences?
I don't know how they work for EU clients, but I know for US client I just added a bank and a EIN (Employer Identification Number) and it lifted my limits after I confirmed my bank account.
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Have you linked a credit card to your PayPal account? You are OK with the identification documents they requested, but you also need to link a credit card for your account to become fully verified and have all limits lifted.
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There is a section somewhere in paypal (may be under the resolution center)called the to do list, if you look down this list it will let you know why the limit hasn't been lifted automatically. However if everything has been done give them a ring