Subject:
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Re: More changes at Paypal
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Newsgroups:
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lugnet.market.services
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Date:
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Tue, 19 Dec 2000 19:36:03 GMT
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Viewed:
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1915 times
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In lugnet.market.services, Julie Krenz wrote:
> Shouldn't they be required to email us with these changes???
Or something.
> Here's the latest:
> Notice Date: December 6, 2000
> Effective Date: December 20, 2000
>
> In order to increase the predictability and consistency of our credit card
> processing costs, the Personal Account $500 limit on receiving credit card
> payments every six months will be changed to a $100 monthly limit. This change
> increases the actual limit from $1000 per year to $1200 per year. Payments
> funded from the sender's bank account or existing PayPal account balance will
> not count against the recipient's limit. At the beginning of each monthly
> cycle, the limit will be reset to $100. Recipients exceeding the
> $100 limit in a given month will no longer be able to accept credit card
> payments unless they choose to upgrade to a Premier or Business Account. Credit
> card payments sent to a Personal Account in excess of the limit will be held
> as "pending" until the recipient chooses to accept the payment by upgrading or
> to return it to the sender by refusing the payment. Personal Accounts exceeding
> the limit will still be able to receive payments funded from a bank account or
> existing PayPal account balance.
So, does this mean personal accounts can no longer recieve payments over
$100.00 by credit card?
Argh.
Steve
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