1. There is a limit if you do not verify your card and
2. The verify your card option is still there, the one that charges your card 100 pesos
I find it puzzling because as I said in my last post I recently removed my smart money card and added it again but I found that the procedure was different. I found that there is no verify option anymore, its only one step for both adding and verifying a card.
And if I log into my paypal account I can see my limits. Again, I have never verified my card. The only charges I accrued are the php 43.xx pesos during the add card phase and whatever I bought since then. I was never billed for php 100 pesos.
To see your limits log in and go to the my account tab > oveview then click on the view limits link. As for me I seem to be unlimited. It says
So you can see that I do not have any limits. So why the discrepancy? One possibility is that since I wrote that blog post, paypal has reverted to the old method. Once my card expires end of this year, I'll try again