posted on December 26, 2000 07:27:29 AM new
I understand that PayPal has changed its policy again. Instead of a limit of $500 every six months for "casual" users, they now have a limit of $100 per month. My question is, when do they "reset" the limit? In other words, say I opened the account on June 5. Do they reset it on the fifth of every month, or do they set it to zero at the start of each calendar month? Or do they credit your limit after 30 days have passed from money hitting your account? Thanks!
posted on December 26, 2000 01:51:26 PM new
It started on Dec.20th so I wonder if that is when it starts counting again. Since I almost reached my limit on the 3rd day, I went ahead and upgraded.I guess we'll see how it goes.
posted on December 26, 2000 02:57:04 PM new
AS I under stand paypal limits the whole limit never never resets every month.
here is how it works if your limit is set to $100 on December 20th and you get say a $20 CC payment on the dec 21 on january 21 that $20 will be added back to your limit.
so over a month if you take dec 20th you get a $30 payment one dec 25th you take $30 payment on dec 27th you take $25 payment and on dec 30th you take a $13 payment on your limit is up to $99 on Jan 20th of the next month your limit will only be reset the $30 payment you took on back on dec 20th inless you get a payment over $1 before that time after you reach $100 your account is locked no more payment can come in till you up grade.
So your New limit is $100 in any 30 day peroid and not in any month the limit is never reset back to $100 ever inless you go for more then 30days with no payments in to paypal.
yes This is to say that even part time sellers who List and sell Items every week and month who gets mostly paypal payment after two months will more then likely need to upgrade technically by February there will be no more free paypal for sellers. http://www.Dman-N-Company.com
