Paypal question - it looks like I'm only allowed to spend £2

[LittleBellatrixLeBoot]

I've just renewed my visa card details (the only currency I had in my account and when I looked at my limits they are as follows:

Sending Limit £1,700.00 GBP £1,472.58
Receiving Limit (Monthly) £250.00 GBP £250.00 GBP

Withdrawal Limit (Monthly) £500.00 GBP £500.00 GBP

Withdrawal Limit (Cumulative) £1,500.00 GBP £1,500.00 GBP

Debit or Credit Card Acceptance Limit 2

Does 2 mean £2? What the hell does it mean?

You need to get verified to remove limits on your account. Paypal is a huge PITA!!!!

2 menas Level 2

means I mean

What does level 2 mean?

I didn't know I was level 1!