New Information From Paypal

I called paypal today via skype. They Told some of the info we got from paypal mail is correct. The received money must be withdrawed with in 30 days. Otherwise paypal will revise it.

We can still sent money. (as they told me)

 

This is way too crazy! cant we keep atleast $100 in our balance.

 

Yeh got a similar mail from PP... however, I guess they shouldn't rely on the discretion of the account holder (who traks payments and dates so often?) and auto withdraw to the concerned bank account automatically every week (the aggregate of payments in last 30 days quota).

I guess they will be on one more limitation drive due to non compliance!

 

I don't understand this. I did not receive anything like this from paypal.
Where can i find more information on this?

Thanks!

 

That is rolling reserve, all payment processors are looking to keep our money for a determined period of days.

Hope it will help !

 

I dont really get what your saying, but I did gather this (your saying if I dont take my money out after 30 days its gone..?)

 

Did you checked on this thing at as per the email, we have to use our CC for funding souce for outgoing payments and not the account balance received

 

You are highly mistaken. The present directive is about withdrawing your funds within 30 days and not keeping them for 30 days!

Regards,

RightMan

 

It is futile to keep worrying over this issue as, I am sure they would update their policy page, before looking to implement the same!

Regards,

RightMan

 

Even I got similar mail. I am also posting mail text here.

Now its really very confusing for me. I have few subscriptions and I pay them monthly..Now how will I pay..Paypal going crazy..

Anyone have clue about this issue?

 

I didn't got the email regarding the $100 thing you saying, Could you pls post the email here ?

 

I did not got any email on this, why the f***** paypal does not update it's blog about policy changes. How retarded a BIG company can get ?

 

Maybe this is just for people from India because I didn't receive any such emails.

 

me neither (from Argentina)

 

I also didn't get any email regarding this... PayPal is going crazy...

 

LOL i never got any email from them ever ...

Its phlished email

Check out http://forums.digitalpoint.com/showthread.php?t=1762343

 

I did get a same email from PayPal and I think is real. But they didn't say about when exactly they gonna implement this..

They are ridiculous !!

 

You are spot on! They have a ready platform through which they can deliver the message unambiguously to all Indian account holders... but NO, they would rather prefer to send e-mails selectively to only some people... putting everybody in utter confusion!

Regards,

RightMan

 

I think they have not send this emails to trusted Paypal users

 

Please stop spreading rumors about Paypal among Indians or others.