The difference is that once you sign up for that "premier" account, you are charged a percentage on EVERY transaction, even when a credit card is not used. As a buyer, I can always use funds that are not from a credit card; as a seller I just specify that I cannot accept credit card payments... It might be tricky, but I need to remember to tell my wife about that "other" thing to avoid the monthly cap...
Doug Van Cleve
Chandler, AZ
LOOP-HOLE
> No Problem !
>
> No Limit !
>
> Here's an extract from that bulletin :
>
> " Only ecommerce payments received from eBay, auction, or website sales
> will count towards the receiving limit. "
>
> Just ask the person paying to choose "other" .
>
> Of course , since this is a limit on RECEIVING , and not a limit on
> SENDING , it will have to be the person who does the paying , looking
out
> for the person who does the selling . . .
>
> And that is a LARGE thing to ask .
>
> And yes , this seems a strange mistake by PayPal .
>
> But perhaps I simply don't understand the difference between a "Personal"
> account , and any other kind of account with PayPal ??
>
> I've had a "Premier" account for a long while . Somebody sent me a
> little refund payment for something or other . It was a credit card
> payment . PayPal said I needed to have a "Premier" account in order
to
> actually get the money . . . It took perhaps 3 minutes to set up the
> "Premier" account . And it has been no problem since then .
>
> Raoul Delmare
> Marysville Kansas
>
> ----- Original Message -----
> From: "Steve Neago" <questor@cinci.rr.com>
> To: <classicrendezvous@bikelist.org>
> Sent: Thursday, January 15, 2004 7:47 AM
> Subject: [CR]Paypal caps seller amt they can receive per month - only 1
> MASIper month???
>
>
> Hello,
>
> Paypal payments to sellers are soon going to be restricted to a total max
of
> $1000 per month. Therefore, the several MASI's that Matteo, Kim, and
> Carsten occasionally sell every month may max out their personal accounts
> for that month if Paypal is used. It is strange that Paypal chose to cap
> personal accounts, perhaps this is their way of forcing individuals to
> obtain monthly charge business accounts...
>
> Regards, Steve Neago
> Cincinnati, OH
>
> Personal Account Receiving Limits
>
> Notice Date: January 8, 2004
> Effective Date: February 13, 2004
>
> Starting on February 13, 2004, PayPal will begin capping the amount
Personal
> account holders in the U.S., U.K., and Canada are able to receive per
month.
> The cap will be the equivalent of $1,000 USD, based on the Primary
Currency
> of the account. In addition, users will no longer be allowed to split
> payments between Personal and Premier/Business accounts. Only ecommerce
> payments received from eBay, auction, or website sales will count towards
> the receiving limit.