What does it mean if a Seller or Buyer is Verified or Unverified?

A Verified member maintains a confirmed bank account on our site. This verification process is a secure and easy way for PayPal to gain additional proof of a member's identity in conjunction with our own authentication methods, and increases the security of our payment network for everyone. An Unverified member is one who has not completed the verification process by confirming a bank account. If you have not yet done so, you can confirm a bank account to obtain Verified status.