Right by your balance, theres somewhere you click and its says 'view limits', for unverified accounts it should say $500 :420:
Originally posted by another user
Limits on your account
For security reasons, there are initial limits on the amount of money you can send, receive, and withdraw from your PayPal account. It’s easy to lift these limits – simply verify your bank account or card information.
Type of Limit Limit Remaining Action
Withdrawal limit (monthly) $500.00 USD $500.00 USD Lift Limits
Your monthly receiving and withdrawal limits are reset every month on the anniversary of when you opened your account. Your account was opened on Feb 21, 2008
What do these limits mean?
Withdrawal limits:
Monthly: The maximum amount you can withdraw in a month before you must verify your bank account or card information.
In some cases, you will need to confirm your address and/or link and confirm your card to lift your withdrawal limits.
Your limit is reset every month, starting from the date you opened your account. Your account was opened on Feb 21, 2008. After you have completed 2 of the 3 steps, your Withdrawal Limit will be removed. All limits are denominated in the currency of your Primary Balance. If you withdraw funds from a currency balance other than your Primary Currency, your Withdrawal Limit will be reduced by the Primary Currency equivalent of the withdrawal amount. To calculate the value of one amount to another, use the Currency Converter.