Verified VS Unverified accounts (Paypal and Alertpay))

[ibrahimom2008]

Hi there,

I always wanted to talk about this subject so tell us your experience.

What are the benefits from verifying a Paypal or Alertpay?

I just know that unferified accounts can't send money more than 100 USD.

[id62000]

In paypal, I'll sum it up like this:

More Spending Power: Send unlimited funds from your PayPal account.
No Withdrawal Limits: Withdraw unlimited funds from your PayPal account.
Increased security & credibility: Verification not only offers you increased security, but it also lets others know you’re an authenticated member of the community.
More buyer and seller confidence: Buyers and sellers value your Verified status. It shows you have successfully passed PayPal's identification checks.

Update: In Alertpay, the last three conditions hold, and i heard that huge transactions may be lmited if you're unverified.

Originally Posted by Alertpay

AlertPay is a Canadian Registered Corporation and a United States Registered Corporation that complies with the regulations of the Office of the Superintendent of Financial Institutions in Canada (OSFI), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Financial Crimes Enforcement Network (FinCEN).

To maintain compliance with these governmental organizations, we are required to get to know you better, and verification makes this possible. If you have a Personal Starter or Pro account, you can still add, withdraw and transfer a limited amount of funds, but you must get verified when it is requested of you. Business accounts must get verified to deposit, withdraw and send money.

Please note that various criteria, including transaction history, are used to determine which accounts must become verified. Account verification ensures the security of your account and our network. If you would like to become verified, simply follow these steps:

1. Login to your AlertPay account.
2. Click on “Become AlertPay Verified”.
3. Click on “Upload Now”.
4. Select a document type.
5. Select a form type.
6. Upload scanned document.
7. Repeat steps 2 to 6 for the next document.

[AzeAzeAze]

I want to add some negatives if you aren't verified in Alertpay, i heard that you can't deal with egold (spend/upload funds) also with any other bank !

[id62000]

Originally Posted by AzeAzeAze

I want to add some negatives if you aren't verified in Alertpay, i heard that you can't deal with egold (spend/upload funds) also with any other bank !

You are wrong. It is possible to exchange/ upload funds from e-gold even with an unverified account.
I have talked to many users (unverified) who have initially, in Alertpay loaded e-gold into their account without any problem. Is this your personal experience AzeAzeAze? I hold only second-hand information...
As for withdrawing/ exchanging funds to e-gold, some unverified members have been able to do it successfully. But in some cases (it's very frequent now), people have been recieving this:

Hello,
Unfortunately, your request to withdraw funds by E-gold has been denied. In order to prevent fraud, we must carefully monitor all transactions of this nature. This does not affect your account standing with AlertPay and only applies to withdrawals by E-Gold.

In order to avoid any future delays through E-Gold, we ask that you become AlertPay verified by submitting a valid proof of address and photo identification

You'll have to verify then...better that way.

[ibrahimom2008]

What I am sure of is that "eBay" sellers must have a verified account. But the buyers not.

[dadido]

Originally Posted by ibrahimom2008

What I am sure of is that "eBay" sellers must have a verified account. But the buyers not.

you most have a verified account for all Paypal transaction ,if you need to buy from ebay with PayPal you most have a Paypal verified .

[titaniumhijau]

Not really sure with alertpay. I'm not familiar with alertpay anymore. But if paypal, i suggest some of you to verify your paypal. Its more better than unverified paypal. If many people asking me a same question. I will said, just go and verified your paypal.

[rockstar12345]

ya in paypal you have a limit of 500$ or 5 transactions per month and a withdrawal limit of 100$ in your lifetime .so better verify your paypal and for alertpay you don't need to verify unless you deal in big amounts

[titaniumhijau]

Not only that. If you have verified paypal, many people will trust you more than unveriried paypal. Believe me, if i found some people try to deal something with unverified paypal with me, i will avoid it. Some of them are hacker. I know about that because i have experience like that.

[MoneyMaker]

Well, the only difference i felt was that i reached my 100 sending limit in paypal, then had to cerify to be able to send more
You have to verify if you are doing actual business there