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.
U.S. Bank Accounts for EU Users
Notice Date: January 8, 2004
Effective Date: February 13, 2004
Effective February 13, 2004, users in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and UK will no longer be able to use their U.S. bank accounts to make payments or fund their PayPal account. These users may continue to withdraw funds from their PayPal accounts to their U.S. bank accounts.
Withdrawal Limit Update
Notice Date: January 8, 2004
Effective Date: February 13, 2004
Effective February 13, 2004, the Withdrawal Limit for users in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, and UK will change. Currently, prior to completion of the Expanded Use Program, users in these countries are subject to a monthly withdrawal limit. Effective February 13, 2004, users in these countries will be subject to two types of limits: a monthly limit, and a cumulative withdrawal limit, which is the total amount of money that a user may withdraw during the period from registration until completion of the Expanded Use Program, regardless of the number of months in that period. Completion of the Expanded Use Program will lift all Withdrawal Limits (but PayPal continues to reserve the right to review large withdrawals before releasing the funds). Users in these countries can continue to check their limits by logging in to their account and clicking on "View Limits"
User Agreement Update
Notice Date: January 8, 2004
Effective Date: January 8, 2004
Updated main User Agreement and Payments Policy to remove provision which permitted debiting of bank accounts to recover money owed to PayPal.
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.
U.S. Bank Accounts for EU Users
Notice Date: January 8, 2004
Effective Date: February 13, 2004
Effective February 13, 2004, users in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and UK will no longer be able to use their U.S. bank accounts to make payments or fund their PayPal account. These users may continue to withdraw funds from their PayPal accounts to their U.S. bank accounts.
Withdrawal Limit Update
Notice Date: January 8, 2004
Effective Date: February 13, 2004
Effective February 13, 2004, the Withdrawal Limit for users in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, and UK will change. Currently, prior to completion of the Expanded Use Program, users in these countries are subject to a monthly withdrawal limit. Effective February 13, 2004, users in these countries will be subject to two types of limits: a monthly limit, and a cumulative withdrawal limit, which is the total amount of money that a user may withdraw during the period from registration until completion of the Expanded Use Program, regardless of the number of months in that period. Completion of the Expanded Use Program will lift all Withdrawal Limits (but PayPal continues to reserve the right to review large withdrawals before releasing the funds). Users in these countries can continue to check their limits by logging in to their account and clicking on "View Limits"
User Agreement Update
Notice Date: January 8, 2004
Effective Date: January 8, 2004
Updated main User Agreement and Payments Policy to remove provision which permitted debiting of bank accounts to recover money owed to PayPal.
Comment