Remove transfer limit on PayPal: Here’s how it works

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From Andreas Kötter | October 27, 2023, 11:42 am

Transfers via PayPal have a provisional limit of 2500 euros. We will explain step by step how you can remove this limit.

PayPal is convenient. If you want to pay something or transfer money unbureaucratically and without wasting time, PayPal offers the right platform. As a rule, these are likely to be smaller sums, for example for a purchase from an online retailer or for a possible subscription. But if you want to make a payment that exceeds the transfer limit of 2,500 euros, PayPal will initially slow you down. But the limit for transfers via PayPal can be lifted. TECHBOOK explains how to do it.

If larger sums of money are to be debited via PayPal, the payment service blocks the process. On the one hand, this happens if the bank account on file has not yet been verified or the limit has not subsequently been lifted. PayPal does this to protect customers from abuse and fraud, such as fake profiles. A security measure that you can find in every checking account.

Also read: Klarna – the PayPal competitor offers these payment options

Issue transfer limit with PayPal

However, PayPal users have the option of lifting the transfer limit. All you need to do is make a few changes to your account settings.

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  1. First of all, you must log in to your existing account on the PayPal website via a web browser.
  2. On your PayPal homepage, click on the “Wallet” button.
  3. You now have the option to choose between the two options “Add bank account” and “Add credit card”, depending on which payment method you prefer.
  4. You will now be asked to add some data about the respective payment method.
  5. PayPal now transfers the symbolic amount of one euro cent to your account and states a four-digit code as the intended use, which you can find out via online banking.
  6. Once this is done, log in to PayPal again and go to the “Wallet” menu item again.
  7. Select the payment source you have already specified (“bank account” or “credit card”) and enter the four-digit code sent by PayPal. Your account details are now verified.
  8. The limit has now been lifted

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However, for the security reasons already mentioned, Paypal advises only lifting/adjusting the limit if there is a real need.

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