posted on October 3, 2000 07:27:52 AM
I just got this one in my box this morning. It reads in part:
Dear PayPal Customer,
NEW LIMIT ON RECEIVING CREDIT CARD PAYMENTS
Starting two weeks from now, on Monday, October 16, X.com will introduce a new limit on PayPal Personal Accounts: a $500 limit on receiving credit card payments every six months. Following the implementation of the policy two weeks from now, Personal Accounts exceeding the $500 limit 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 either to accept the payment by upgrading or to return it to the sender by refusing the payment. (The sender can then resend the payment from either a bank account or existing PayPal balance.)
We will provide users with a "Credit Card Funds Received" counter so they can monitor their status; we will also alter the transaction history so the funding source for a payment can be viewed. Payments funded from a sender's bank account or existing PayPal account balance will not count against the recipient's limit.
Personal Accounts that exceed the limit will still be able to receive payments funded from a bank account or existing PayPal account balance, as well as make use of all their other Personal Account features. No one who exceeds the limit will have their account locked, frozen, or automatically upgraded; they simply will not be able to receive additional credit card funds.
Sincerely,
The PayPal Team
PayPal, a service of X.com
www.paypal.x.com
I wish PayPal would make up their minds as to how greedy that they want to be. Sheese!
