Jeffreyw said:
1. Would it be possible for me to send money to other paypal users?
2. Can i purchase or pay on other websites?
Both is possible. However, verifying your account has many advantages. You
can increase your accounts limits, for example. You will also be eligible for PayPal's
seller protection and you will have a better credibility. It's quite easy to get
verified. Just add your bank account information to your PayPal account.
As long as you're no verified member the maximum amount you can send is $2,000
(if you've added your credit card information to your account). You cannot
receive money from credit card payments and you cannot receive more than
$500 worth of payments per month. In addition PayPal has a limit which applies
for every PayPal member. That's the PayPal transaction limit. It says that the
maximum amount allowed for a single transaction is $10,000.
These are the information I found on PayPal's U.S. website. They can differ
from the PayPal terms and conditions in other countries.