GoFuckYourself.com - Adult Webmaster Forum - Important PayPal Change and Notice

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - Important PayPal Change and Notice (https://gfy.com/showthread.php?t=912258)

Important PayPal Change and Notice

Quote:

An important change to your PayPal account

Hello polish_aristocrat,

Your business is important to us, and we are working hard to provide an easy, fast and secure payment service to you and your customers while keeping our prices competitive. We're also committed to clearly communicating changes to our policies and procedures. To that end, we are writing to inform you of a change to your PayPal account, which will take effect 30 days from the date of this email.

Beginning 07/23/2009, a small percentage of the total payments you receive will be held temporarily as a reserve in your account. This small reserve amount helps to ensure that funds are available to cover payment reversals or buyer chargebacks, if you do not have a sufficient PayPal account balance and do not provide the funds to do so.

A reserve is like a security deposit for your PayPal account and is standard practice in the payments industry, especially for retail segments like Internet & Network S where there is a higher-than-average risk of reversals or chargebacks. This does not mean that you have done anything wrong. We are requiring a small reserve in your account because you sell in a category that has a higher risk of reversals and chargebacks and because you are relatively new to PayPal as a seller.

Your reserve amount will be 10% of the total payments you receive, which will be held on a rolling 60-day schedule. That means 10% of the money you take in each day will be held in your account, and then made available for withdrawal 60 days later.

For example, if you receive $2,000 every 60 days into your PayPal account, then a reserve amount of about $400 would be required on a rolling 60-day period. In other words, about $6.67 would be held in reserve each day, then released 60 days later.

If you are a PayPal Money Market Fund customer, you will still earn interest on your total balance while your money is in reserve. Click here for more information or to enroll in the PayPal Money Market Fund.

We recognize this is a change in the way we do business with you. By requiring some merchants to reserve money in their accounts, we're able to lower our own costs. Keeping our costs low helps us to continue providing competitive pricing for all sellers who use PayPal.

If you have any questions about this change, please call us at 1-877-729-7252. We appreciate your business and look forward to a continued partnership.

Sincerely,

PayPal

Just received this little gem today.
:disgust

Welcome to traditional payment processing.

Barefootsies is polish_aristocrat?

Quote:

Originally Posted by GetNaughty (Post 15991287)

Barefootsies is polish_aristocrat?

WOW didn't see that one coming! :1orglaugh

Quote:

Originally Posted by GetNaughty (Post 15991287)

Barefootsies is polish_aristocrat?

http://www.nnteenmodels.net/gfy/ohsnap.jpg

Quote:

Originally Posted by GetNaughty (Post 15991287)

Barefootsies is polish_aristocrat?

:1orglaugh :1orglaugh

I assume this is just business accounts and not personal?
WG

i didn't get that email and I've got a business account

Quote:

Originally Posted by Barefootsies (Post 15991249)

hello polish_aristocrat

:ugone2far

Could be a phishing email. Did you get pissed off and click a link and log in to your account to address this email?

strange... I didn't get that email

i do not like paypal... they can limitate account without any reason

Quote:

Originally Posted by Axzar (Post 15991527)

Could be a phishing email. Did you get pissed off and click a link and log in to your account to address this email?

Nope.

:pimp

They froze my account and kept my money for using it for porn related shit. Because one of the guys I was doing biz with went and put his porn website name on a transaction. I will never use paypal again

Quote:

Originally Posted by halfpint (Post 15991585)

Damn foo.
:Oh crap

I dont have paypal but maybe i will get one so thanks for this info

Quote:

Originally Posted by JD (Post 15991491)

i didn't get that email and I've got a business account

Ya I have one to didn't get it either.....

There was thread about it already and there was blog post from paypal about this.And i have premier account.

Quote:

Originally Posted by polish_aristocrat (Post 15991499)

:ugone2far

:1orglaugh

Quote:

Originally Posted by polish_aristocrat (Post 15991499)

:ugone2far

:1orglaugh