snbbal
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posted on October 29, 2000 08:23:30 AM new
The new $500 limit for 6 months for PayPal personal accounts is clear enough, but when does the six months end? Is it at the end of the caledner year, or 6 months from when they started it? And if it's the second, when did they start it?
Thanks for your help!
Snbbal
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dman3
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posted on October 29, 2000 09:56:07 AM new
I believe the new limit started on 10/16/00
the limit started on that day and runs for six months 4/16/01
they started the policy at a werid time and this is why I believe in the future there will be more ajustments.
I think in the end all accounts will be business realated and buyer wont have to be registered at all. ALL transaction will be completed with invoice to buyer and or a trip the shopping cart from closed auction to pay for the purchase via Crecdit card or echeck only just my take on how things in this industry seem to be heading.
also I think they will dump the interest they offer on balances and have money auto deposited to checking accouts like billpoint these electronic tranfer will be nessary to make the system cost effective for all 
No more asking for checks at any cost.even MLM are going to No checks sent policys you have to have a paypal account to get paid.
WWW.dman-n-company.com
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Zazzie
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posted on October 29, 2000 10:00:56 AM new
Paypaldamon said on another thread it was a 'rolling limit'---if you get $100.00 payment on November 1st and then a $400.00 payment on Janurary 1st--you would have $100.00 available on May 1st and then on July 1st you would have $400.00 available---and so on and so on.
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abingdoncomputers
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posted on October 29, 2000 10:26:58 AM new
This is a rolling limit, and it doesn't really "start" or "stop" at all. If you receive $500 in credit card payments in ANY 6 month period, you have to upgrade or whatever.
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Zazzie
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posted on October 29, 2000 10:28:56 AM new
okay---so make the amounts $100.00 and $399.00----then it is a rolling limit that replenishes itself when the time is up
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abingdoncomputers
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posted on October 29, 2000 10:41:31 AM new
Zazzie:
The time is never "up". It just keeps rolling.
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packer
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posted on October 29, 2000 10:54:14 AM new
I'm confused!
That is about as clear as MUD!
I thought if it started 10/16/00 you had 6 months to accumulate. then after that 6 months was up, it started over at 0 regardless of what the previous accumulation was.
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edited for packer by packer!!
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Feeling my AGE today! ... 
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abingdoncomputers
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posted on October 29, 2000 11:09:13 AM new
packer:
It's really pretty simple. "Rolling" means just that. It never stops. Think of it like this:
If you accumulate $500 in payments during ANY 6 month period, your are maxed out.
Example (all payments are via credit card for this illustration):
On Nov. 1, you receive a payment for $250. If you receive $250 in additonal payments on or before May 1, you are are maxed out and must either upgrade your account or close it since you have just met PayPal's definition of a "business" ($500 in a 6 month period).
Now, let's say that instead of the above scenario, this one occurs:
On Nov. 1, you receive a payment of $250. On Dec 15, you receive a payment of $100. This brings your total to $350. If you receive $150 more on or before May 1, you are again over the limit, because it is 6 months from Nov 1 to May 1. But if you receive the payment that would put you over the $500 limit on May 2, you are ok. Why? Because from Nov 1 to May 2 is more than 6 months (by 1 day).
[ edited by abingdoncomputers on Oct 29, 2000 11:30 AM ]
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abingdoncomputers
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posted on October 29, 2000 11:11:28 AM new
Another way to look at it is your 6 month period ALWAYS ends 6 months from TODAY. When tomorrow rolls around, the 6 month period will end 6 months from tomorrow. There is no "set" 6 month period, hence the term rolling.
The only way that your "money counter" would ever be reset to $0 is if you go for at least 6 months and 1 day without receiving any credit card payments via PayPal.
[ edited by abingdoncomputers on Oct 29, 2000 11:13 AM ]
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packer
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posted on October 29, 2000 11:30:05 AM new
So what your saying is once it starts accumulating it NEVER goes back to "zero".
To me no matter how careful you try to calculate to stay within the $500.00 limit, its going to be near impossible...they know it to, I suppose thats why they set it up that way.
I guess I'll follow suit and start fasing them out of my autions.
I'm offering PayDirect now....exchangepath is next.
Thanks for the info!
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edited for packer by packer!!
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Feeling my AGE today! ...
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abingdoncomputers
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posted on October 29, 2000 11:32:18 AM new
The only way that it can ever go back to $0 if you go for at least 6 months and 1 day without receiving ANY credit card payments through PayPal. This is the way that I interpret it anyway. If I'm incorrect, someone please help me out. I guess this is another question to pass on to paypaldamon. God help us...
[ edited by abingdoncomputers on Oct 29, 2000 11:34 AM ]
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cozmo227
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posted on October 29, 2000 11:56:24 AM new
packer
where can I find PayDirect??
Looked at paydirect.com and that doesn't look like a cc site.
Is paydirect similar to paypal?
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abingdoncomputers
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posted on October 29, 2000 12:04:22 PM new
paydirect.yahoo.com
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KateArtist
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posted on October 29, 2000 12:27:23 PM new
Think of a rolling limit this way. You have a shoe box - everytime you get a credit transaction, you put a slip of paper in that box with the amount and the date it happened in the box. Every day you check the box and if there's any slips of papers with dates on them older than six months, you take them out and throw them away. You can only have 500 dollars worth of transactions in the box at any one time. If you try to put in a transaction slip that brings the total over 500 dollars, the transaction is not credited to your account and you get an email from PayPal telling you, you have to upgrade before you can get it.
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abingdoncomputers
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posted on October 29, 2000 12:38:33 PM new
KateArtist:
You explained this better in 6 lines than I did in several posts. Good job...
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viaastra
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posted on October 29, 2000 01:33:57 PM new
KateArtist said,
"If you try to put in a transaction slip that brings the total over 500 dollars, the transaction is not credited to your account and you get an email from PayPal telling you, you have to upgrade before you can get it."
or wait until the rolling six months free up more "transaction" space in the box...presumably.
Perhaps when you hit the limit, that is it, no way to get your money BUT to upgrade.
It would be interesting to know that.
Rick
http://www.viastra-enterprises.com
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