Users who attempt to send and/or receive more than X (x is defined by the country) in a 30 day period will be required to identify themselves with an approved identity document. This is required by law and regulation, ensuring you and everyone else using Settle can feel safe. When you have identified your transaction limits will be more liberal and you can enjoy Settle like a pro!
Limits before verifying your identity
You can use Settle even without verifying your identity. However, transaction limits are lower by default. In case you want to increase your transaction limits, you will need to verify your identity. Read here how to do it.
Limits while waiting for identity approval
Once you verify your identity, our compliance staff will review your application and revert back to you as soon as possible. Usually, you will get an answer within 24 hours, but in some rare cases it might take up to 2 days. In this period, your transaction limits are not changed yet.
Limits after verified identity
After approving your identity, you will be able to transact more freely as your limits will be significantly raised. Read here to find out other reasons why you should verify your identity.
For security reasons, we do not publish the exact limits or how they apply. If your have any questions about your limits, feel free to contact your local Settle Support.