I have been a "verified" member for over 2 years. They have had no issues transferring money out of my bank account for those 2 years for items that I purchase. I recently sold some items to a person, and they paid me using PayPal. I tried to transfer the money into my bank account, the very same account they have been taking money out of with no complaints for 2 years. Now they decide that "verified" does not really mean that, and that I need to jump through a bunch of hoops to "verify" who I am.
They told me they can take up to 180 days to confirm the information that they had me fax over to them. They have $6800.00 of mine, and they can hold it for 180 days. The worst part is that the buyer wants their stuff, and PayPal told them that I have the money, so I should ship right away. I am wary of sending out $6800.00 worth of merchandise with no guarantee that I will get the money. But I will ultimately end up shipping, because it is not the buyer's fault; they fulfilled their end of the transaction.
So beware of PayPal. They are more than happy to take, but don't ask them to give.
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