If you have a PP account and that account is not completely verified; YOU as the PP account holder MUST be the signor on the bank account to get completely verified, you have a monthly sending and receiving limit; normally $500.
In the most recent PP debacle, the account was limited with transactions totalling only $28!
After the account was limited by PP the account holder received additional monies TO the account (PP will always let you put money IN, even if the account is locked pending verification! Not many people know this!).
Problem is, PP then wants bank statements, copies of passport, state issued IDs, a credit card in the name of the PP account holder, etc, to "verify" the account before it will let you withdraw the funds.
If you have verified your PP account using a no-name" VCC or a "borrowed" bank account, you are screwed!
You will NEVER get your money OUT of that PP account as you cannot verify it to the satisfaction of PP!
PP will always let you set up an account but will not always let you use it.
If you just need a PP account to verify with something else, you might be OK but if you have any bogus or unverifiable info on the account, you WILL lose your money to PP and it has its TOS AND the law behind it!
PP is not required by law to send money to unverified users.
Further, PP is now making the claim that the use of a PP account linked to a bank account on which the PP account holder is NOT the signor, is BANK FRAUD and is doing a Hell of a job convincing the banks that this is so.
Banks don't like hassles, so they just shut down your accounts and you are doubly screwed!
There are SWAG (Scientific-Wild-Ass-Guess) theories that PP may actually obtain as much as $20 million USD or more in "frozen" accounts, each year!
Never ever; not now, not ever, NEVER accept payment from an unverified PP user as YOUR account can be locked until you refund, verify or until the unverified user gets verified.
You can also have YOUR PP account SUSPENDED for taking too many payments from unverified users!