Receive more than $500/month and Paypal auto-upgrades Personal Account to Premier
March 18, 2008
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.
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?
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