I recently purchased some speakers for $9.8k using PayPal, no problem. The 3 items I was selling are $5.5K, $1.4K and the last one was for $2.95k. The first 2 were originally rejected then processed on the second attempt. I have been using PayPal for maybe 10 years without issue, I am sure I must have verified the account at some time in the past. So I am still puzzled as to what went wrong now.
Re the comment from "riley804", your post concerns payments up to $10k, not the case in this instance.
Like the Audiogon Admin said, this is not an isolated incident. I am not complaining, just trying to give everyone a heads-up to prevent recurrence of the problem.