Paypal withdrawal limit only $2500?

[pbu]

WTH???

i have indian verified premier paypal account and it used to be $10k as my monthly withdrawal limit. They made it to 10k after i sent all verification document and asked them to lift withdrawal limit.

Now it is back to $2500 monthly. dont know why have decrease the limit?

[admin]

it happened to me few months back and they reverted to $2500. Previously it was $10k monthly.

[cirereyes]

I wonder why they have decreased the limit, is it a move to avoid money laundering or they would like you to add more credit cards?

[liowkc]

The reason for decreasing the limit is probably many fold - to discourage fraud and perhaps money laundering by having a smaller amount and also the selfish desire to make money by requiring more transactions.

[stantHeskeeks]

thanks barnis for your reply.i tried transferring funds to my paypal account but it says that i can use credit,debit cards and as i have said,i dont have credit cards.and i think they only accept u.s. bank account aside from credit card.and i also dont have that.cant i used my japan bank account?

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