Does the basic Paypal account have an income limit?

[Kaido]

Edit: Upgraded to a Premium account. Oh well 😛

I just have a basic Paypal account (non-Premium). Are there any limits on receiving cash? I'm going to be selling some of my computers; I just want to make sure there's not a cap on how much you can receive at a time. I definately don't want to "upgrade" to a Premium account 🙁

 

[Paulson]

I think it only applies on the amount you withdrawal each month... (like $500 a month) unless you upgrade...

 

[sisq0kidd]

It applies to both receiving and withdrawing ($500). You need a premium or business account if you want to receive more funds.

 

[Kaido]

Originally posted by: sisq0kidd
It applies to both receiving and withdrawing ($500). You need a premium or business account if you want to receive more funds.

Rats. Can I receive multiple $500 payments from the same person?

 

[Paulson]

Doesn't work that way because it's a $500 monthly cap...

 

[Kaido]

Originally posted by: Paulson
Doesn't work that way because it's a $500 monthly cap...

Arg! I want to sell my laptop for $850, plus some other stuff. $500 monthly cap stinks! Any workarounds?

 

[Ronin]

Yeah, pay for the upgrade.

 

[Ika]

$500 withdrawal, $500 receiving. you can, however, do a few things (validate your SSN, vaildate your CC) and it should remove the cap (at least, thats what PayPal says).

 

[Kaido]

Originally posted by: Aflac
$500 withdrawal, $500 receiving. you can, however, do a few things (validate your SSN, vaildate your CC) and it should remove the cap (at least, thats what PayPal says).

Found this after a bit of searching:

Your limit is reset every month, starting from the date you opened your account....

...To remove the Receiving Limit from your account you will need to upgrade to a Business or Premier Account. All limits are denominated in the currency of your Primary Balance. If you receive funds from a currency balance other than your Primary Currency, your Receiving Limit will be reduced by the Primary Currency equivalent of the received amount. To calculate the value of one amount to another, use the Currency Converter.

 

[Kaido]

Oh well, I upgraded. It will be a $25 hit on the laptop and a small hit on future receipts of funds, but oh well. Thanks ATOT! 😀

 

[Ika]

Originally posted by: Kaido
Oh well, I upgraded. It will be a $25 hit on the laptop and a small hit on future receipts of funds, but oh well. Thanks ATOT! 😀

If you don't plan on doing anything over $500 again, or don't plan on receiving credit card payments again, you can downgrade to a Personal Account again. I'm not entirely sure how this works, though.

Also, apparently PayPal lets you have two accounts, one personal and one Premier. I'm also not sure how this works.

reference \THIS THREAD for a few more details.

 

[Kaido]

Originally posted by: Aflac

Originally posted by: Kaido
Oh well, I upgraded. It will be a $25 hit on the laptop and a small hit on future receipts of funds, but oh well. Thanks ATOT! 😀

If you don't plan on doing anything over $500 again, or don't plan on receiving credit card payments again, you can downgrade to a Personal Account again. I'm not entirely sure how this works, though.

Also, apparently PayPal lets you have two accounts, one personal and one Premier. I'm also not sure how this works.

reference \THIS THREAD for a few more details.

Very nice, thanks for the tips! 🙂