posted on December 7, 2000 11:07:53 AM new
Hi keziak,
Here is the information directly from the site:
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 month, 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.
posted on December 7, 2000 11:37:56 AM new
so we're not talking about calendar months here? We're talking Dec. 20 to Jan. 20, right? On Dec. 20, my limit will be changed to $100?
El
"The customer may not always be right, but she is always the customer."
posted on December 7, 2000 02:52:41 PM new
I believe I read elsewhere that the limit would change to $100 on December 20th and would be reset again to $100 on January 1, 2001. I also note that someone has pointed out that this means personal account users will no longer be able to accept ANY one-time payments in excess of $100. So, if you sell anything in auction over that amount your buyer won't be able to use PayPal to pay for it. This will mean listings will have to be a little more explicit about whether or not PayPal is an acceptable form of payment, depending on the final price of the item.
posted on December 7, 2000 06:54:18 PM new
Sure glad this board exists otherwise I would have eventually noticed after 12/20 that my limit had been more than cut in half. I guess that between now and that day, a bunch of my buyers will get "a break" and get to pay me with a credit card!
