For those of you who are new to PayPal platform, this topic might be one of the concerns that you have. How do you use PayPal without bank account? Let us tell you more. But before we do, make sure that you check out our other PayPal guides on Money Brighter.
As you can see, PayPal has some identification requirements. This is with regard to the security of the platform and for those who transact with you using a PayPal account.
Since PayPal is a financial bridge for millions of users, it is logical that some people want to use this platform for illegal purposes. This could include money laundering, running schemes and scams, and other fraudulent transactions. That is why PayPal requires that you verify your PayPal account before you can fully use it as your online wallet.
So what do you do? Can you still use PayPal without Bank account? This is where it gets interesting.
How to Use PayPal without Bank Account
PayPal is not as strict as you might have thought earlier. Just like most subscriptions, PayPal allows some access to a new account. This means that you can still receive and send money. But, of course, it is for limited access.
Yes, you can send and receive money through PayPal for a limited amount of money. This means that your PayPal account is still usable.
PayPal without Bank Account Limitations
For new signups for PayPal, as long as you have provided basic information on the platform, you can actually receive as much amount of money as possible. The limitation starts when you withdraw and send that money out of PayPal without a bank account.
For new PayPal active accounts, you can withdraw or send money as much as $10,000. That means for that amount, PayPal is still functioning on your advantage. But apart from that or beyond the $10,000 amount, you will be refrained from sending more.
You see, if you just want some small amount of money transferred through PayPal, it is alright not to provide any credit card or bank account. You just type in the email of the recipient and confirm the process.
But if we are talking huge amounts, the PayPal policy and restriction will start to kick in. Besides, you have to understand that this PayPal’s limitations for non-verified accounts are for the users’ protection too.
If you are planning to use PayPal for illegal transactions, we suggest refraining from doing it. You could lose your money when PayPal detects this kind of activity. The platform will surely freeze your account and will not give you further access to your money until you provided legit identification documents.
If you do not know how to create a PayPal account, it is actually easy. It is just like signing up for a social media account. Just use real information, so you are protected.
If you have any questions, please feel free to leave your message down in the comment section below. We will try to answer all your queries as soon as we can.