posted on August 30, 2000 10:35:10 PM new
I just sent money to a business account yesterday, and I got this email today:
From: "PayPal Development Team" <[email protected]>
Subject: PayPal Feature Notification
Dear X.com customer,
Thank you for choosing to use our new "Pay with a Bank Account"
feature!
Our records show that you recently opted to pay for a PayPal payment
using funds from your Verified bank account. "Pay with a Bank
Account" is a new feature that we built in response to requests from
users like you who wanted funding from sources other than their
credit cards. "Pay with a Bank Account" is an option that all
Verified users can select on the second screen of the "Send Money"
process, and we're excited that you chose to use it when you made a
payment.
As you know, whenever you use "Pay with a Bank Account" you earn 1%
cash back on payments to an X.com Business or Premier user (for
amounts up to $500). This is just our way of thanking you for
trying out our latest payments innovation.
We at X.com are always striving to improve our service, and we
appreciate your help. Please feel free to reply to this email and
let us know how you liked using "Pay with a Bank Account" to fund
your payment. And thank you for using X.com's PayPal to send and
receive money.
posted on August 31, 2000 07:42:15 AM new
I upgraded to the business account and was charge 16 cents on an $8.20 transaction. They did not tell me there was a charge for using a business account. Is there a benefit to the business account I donwngraded myself lol cheap cheap
posted on August 31, 2000 08:33:15 AM new
I noticed PayPal says business& premier accoutns get to receive unlimited credit card payments. Didn't know there was a limit for a personal account. Couldn't find any info on it.
The 1% cash back is for transactions done using our "INSTANT ACH" option for making a payment. Instead of waiting for the money to clear for adding funds from your bank account, the money is secured against the credit card until the money posts into the account. It is another funding/payment option.
The description might be a little strange, so feel free to post questions.
