Whether you’re using an e-wallet for personal or business transactions, knowing your transaction limit is essential in managing your online financial transactions. And similar to Gcash Limit, PayMaya has varying transaction limits depending on the user’s type of verified account and transaction activity within the app.
So if you’re looking for more ways to manage your finances online, read our guide on how to increase the PayMaya Limit to 500k, and enjoy the maximum benefits only accessible to PayMaya’s Super Users.
What is the PayMaya limit?
PayMaya limit is the maximum monthly limit amount given to users, including the wallet balance, purchase, withdrawal, money transfer, received money, and cash-in. Under PayMaya, each limit will differ based on the following account verification level, including:
Basic
- Wallet Balance Limit- P50,000
- Purchase Limit- P50,000 (No Daily Limit)
- Received Money Limit- P50,000
- Cash In Limit- P50,000
Upgraded
- Wallet Balance Limit- P100,000
- Purchase Limit- P100,000 Daily Limit (Unlimited Monthly Amount; Unlimited Number of Transactions)
- ATM Withdrawal Limit- P50,000 Daily Limit (10x/day; 60x/month)
- Send Money Limit to other PayMaya Users- P100,000 Daily Limit; P20,000/transaction (Unlimited Monthly Amount; Unlimited Number of Transactions)
- Bank Transfer Limit via InstaPay- P100,000 Monthly Limit (P50,000 Daily Limit; 20x/month)
- Received Money Limit- P100,000
- Cash In Limit- P100,000 (Via Card- P10,000/transaction and 5x/day; Via BPI- P20,000/transaction and 10x/day)
Super Users
- Wallet Balance Limit- P500,000
- Purchase Limit- P500,000 Daily Limit (Unlimited Monthly Amount; Unlimited Number of Transactions)
- ATM Withdrawal Limit- P50,000 Daily Limit (Unlimited Number of Transactions)
- Send Money Limit to other PayMaya Users- P50,000 Daily Limit (Unlimited Monthly Amount; Unlimited Number of Transactions)
- Bank Transfer Limit via InstaPay- P50,000 Monthly Limit (P50,000 Daily Limit; 40x/month)
- Received Money Limit- P500,000
- Cash In Limit- P500,000 (Via Card- P10,000/transaction and 5x/day; Via BPI- P20,000/transaction and 10x/day)
How to increase the PayMaya limit to 500k?
If you only have a Basic PayMaya account, the first thing you need to do to increase your PayMaya limit to 500k is to upgrade your account. After you have an Upgraded PayMaya account, you need to regularly use in-app features and maintain a good wallet balance to reach the Super Users account level and enjoy a PayMaya limit of 500k. But as of now, PayMaya hasn’t released specific criteria to get a Super Users account, and you’ll only get a notification once you reach this level. So getting an Upgraded account and continuing using the features of PayMaya is the only way to increase your PayMaya Limit to 500k.
How to upgrade the PayMaya account?
Since the first step to increasing the PayMaya limit to 500k is to upgrade your account, you can get started by following the steps below:
- Launch the PayMaya app and log in.
- On the upper left of the dashboard, click the Menu button or the three parallel lines.
- On the drop-down menu, select Upgrade my Account.
- Click Next. Also and take note of the requirements.
- Then, click Next and fill out the required fields on the Upgrade Application form.
- Upload at least 1-valid Primary ID or 2-valid Second IDs for verification, matching the details on the Upgrade Application form.
- Record a 4 to 5 seconds video selfie and upload it.
- Double-check your application details and click Submit.
- If your upgrade application is approved, wait within 24 hours for the SMS confirmation indicating a successful request. You’ll also see a green verified checkmark beside your name and profile icon.