This is a very common question from some paypal user. paypal work every country with a terms of service. paypal set certain terms of your government in order to service your country. due to the country regulation paypal never allow to use a certain service without KYC. let me explain more details below.
What you can do without KYC?
Paypal does not ask for KYC very instantly until you touch certain options. you can use following service without verifying your documents.
- Open an account in paypal.com
- Entering your name & other personal information
- Adding a card or removing a unverified card
- Adding a bank account
- Receive money to your paypal
- Create invoice & send someone
- Update password after opening your account
What you can’t use until get verified?
- Withdraw money to your bank or card
- Change email address after receiving money
- Getting API (to accept paypal payment in your website/app)
- Anytime change IP address/location require KYC verification
How to get verified your account using KYC?
KYC means (know your customer). every registered organization has the rights to know their customer details. based on paypal terms of service they can ask you for a lot of documents. as a new paypal opener you will be asked to provide personal documents like your photo ID, address verification documents like bank statement. this two things is very common. to complete your KYC login & check resolution center.
You will need following common things in order to get fully verified
- Photo ID
- Address verification documents
- Credit or debit card
- Bank account
- Phone number
- Email id verification is common matter
Be aware, paypal ask for any documents at any time. even they ask every documents repeatedly. you need to pass a very complex situation for sometimes. using paypal is risk too because they hold money, refund to buyer and ask for huge documents by suddenly.
Extra Caution:- if you live a country where paypal is not available do not open account using false information. you have possibility to lose all of your money. in that situation you can get an account by someone who is living in paypal supported country.
no i cant signup on pay pal without kYC because its necessary to submit credentials like nationals ids like pan card and aadhar number because its a legal authorized us international online bank which helps in transferring money through neft