Cyber business has grown rapidly over the years, people no longer need to go out to do business transactions as this can easily be done with a few clicks on the computer. People can now bank, pay bills, buys and shop online. There are also those who work from home and receive payment through the internet.
If you have been doing business online, you might be familiar or might even have your own PayPal account. If you have a regular account, you will be able to perform transactions freely, but there are times when problems occur and your account will be turned into a PayPal limited account.
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Some common reasons why PayPal would limit an account are:
1.The size or amount of withdrawals
2.IP’s and proxies of unsupported countries
3.Unnecessary numbers of charge backs or refunds
4.Large amount of money going in or out of the account
5.Not checking out of credit or debit cards
6.The type of product you sell/buy
7.The content of the website.
A PayPal limited account will prevent the user from using the account until verification process is completed. You will find certain information on why you have limited account access and how you can restore access. You will be asked to update your account info and to fax or upload a proof of identification. Once PayPal receives this, your account will be restored.
To prevent having a PayPal Limited Account, you should try to avoid committing these mistakes:
1.Avoid opening new accounts and having someone send in large amount of money soon after verification.
2.Avoid logging in to your account from different IP ranges.
3.Avoid constantly or frequently changing your account information.
4.Avoid unnecessary adding or removing of credit cards in your account.
5.Once you receive large amounts of money, avoid withdrawing it immediately or try to send it to another account. You might be suspected of receiving fraudulent funds.
6.Also, make sure that your website is in compliance with PayPal’s latest policies.
7.And, avoid keeping more money in your account that you can afford to loose.
In some cases, PayPal would take time to process your account access reinstatement. You just have to be patient and send your appeals to them. There are some people who simply got standard letters which didn’t really explain why they have PayPal Limited account and were simply asked to re-read the policy.
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