Receive more than $500/month and Paypal auto-upgrades Personal Account to Premier
A recent discussion in the PMT Forum is about the issue of Paypal automatically upgrading Personal Accounts to Premier/Business status if more than $500 is received in one month.
According to sources, Paypal’s newest rule is that when a user receives more than the $500 receiving limit per month, the Personal Account is automatically upgraded to Premier or Business Account.
I went through Paypal’s FAQ and User Agreement but was not able to find details of this rule, however. The closest the User Agreement has is that payments beyond the $500 limit are placed on pending status and users have the option to upgrade their account — not automatically upgraded — if they want to receive the money.
Personal Account Receiving Limit. If you have a Personal Account, you may not receive more than $500.00 USD per month in funds when the sender selects as the category of purchase: (a) eBay item, (b) auction goods, or (c) goods-other. Once you have received $500.00 USD in a month, we will place subsequent payments in pending status, and you will be required to upgrade to a Premier or Business Account to accept the pending payments.
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Can anyone confirm if this rule is now being implemented?
Post here or visit the discussion thread Personal Account upgrades to Premier after receiving $500?
Other related articles:
- How to open a Paypal account
- Types of Paypal accounts: Personal vs. Premier vs. Business Account
- Bank Codes to withdraw Paypal in Philippines
- Use your UnionBank account with Paypal
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March 24th, 2008 at 5:06 am
I think I’ve been upgraded to a premier account too. But what’s the downside of having this type of account as opposed to the default one?
March 18th, 2008 at 11:03 pm
Yeps. Same went for my account po. Kasi from what I understand, they only limit up to 5 withdrawals every year if you have a personal account and everytime you get paid, you will be prompted to go for a premier account.
Ang ginawa ko po, i only withdraw when my account reaches $500 which is the maximum withdrawal limit. This way, ma maximize mo yung 5 times limit. And i just withdrew last week and it was my 4th time for the year. On my 5th withdrawal, i think that would be the time i will go for a premier account.
Dont know ano po techniques ng iba but i go for this one. ;)