Receive more than $500/month and Paypal auto-upgrades Personal Account to Premier

March 18, 2008

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

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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Topic keywords for this post:

can you withdral more than 500 hundred from paypal account
why can you only get 500 a month from paypal

Written by James | PinoyMoneyTalk.com · Filed Under PayPal Philippines

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http://pinoymoneyblogger.com Kirby | Pinoy Money Blogger

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. ;)
http://rebelpixel.com/ markku

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?