Need advice on Pay pal

[bkishore_77]

Hi,

Can anyone tell me if there is a cap on the amount that I can send using Pay Pal. I want to pay 1200$ for some merchandise.

Thanks in advance

[gotzuk]

hi,
i dont know about premier or business accounts but
for a personal account the sending limit is US$500/day and the
withdrawal limit is US$2500/month.

cheers

[straight6]

As long as you have that amount on your credit card, it shouldn't be a problem. What are you ordering? Is it being shipped to India?

[bkishore_77]

Thanks all for your replies.

I'm ordering Class on Demand video for my studies from US

Cheers

[BAKIYA_2K12]

You can view your Sending Limit on your Limits page.

Here's How:

1. Click the My Account tab.
2. Click the View Limits link next to the yellow Balance box (if there is not a View Limits link, your account has no Sending Limit).
3. Your remaining sending limit is listed under the Sending Limit heading.

[GTO]

This may also have something to do with becoming a verified member. Click on the verification link and take it from there. Paypal will typically deduct a couple of cents from your CC account and ask you to confirm the amount.

[Sam Kapasi]

I'm a regular user of paypal. (For Skype payments etc.)

For an amount of that size, I would prefer to use my credit card directly. If there are any discrepancies, I can take it up with the company and my bank directly.

[gotzuk]

Originally Posted by gotzuk

hi,
i dont know about premier or business accounts but
for a personal account the sending limit is US$500/day and the
withdrawal limit is US$2500/month.

cheers

correction to my earlier post..
there doesnt seem to be a cap on sending .
this is what the limit policy says for my account

Originally Posted by paypal

Your Monthly Withdrawal Limit is the maximum of money you can withdraw monthly from your PayPal account.

Your Monthly Check Withdrawal Limit is: $2,500.00 USD per month

$2,500.00 USD Remaining Your credit or debit card daily withdrawal limit is the maximum amount you can withdraw to your card each day.

Your daily card withdrawal limit is: $500.00 USD per day

$500.00 USD Remaining

it does not mention the sending limit anywhere.
i am a verified member since 2005.
sorry for the wrong info in the earlier post..
and i guess sam is correct, for bigger accounts, bank transfers are
more reliable and transparent.

cheers

[quicksilver]

Originally Posted by Sam Kapasi

I'm a regular user of paypal. (For Skype payments etc.)

For an amount of that size, I would prefer to use my credit card directly. If there are any discrepancies, I can take it up with the company and my bank directly.

Sam, I have a different point of view. I have had issues with my CC when Lufthansa had charged my CC twice for a single trip (it was a one-way fare, but they charged me twice for the same ticket). When I approached my CC company/bank, they said they could not do anything and I had to contact the merchant (wonder how they can do this in the first place without a valid chargeslip).

I finally had to take it up with Lufthansa who accepted responsibility and paid back the charges to me. The case being, I had signed the chargeslip only once but the CC company allows the merchant to charge me twice and does not even have an efficient dispute addressal procedure.

I has also recently signed up on a website that offered "absolutely legal unlimited number of high-quality mp3 and movie downloads for $14 per month". After signing up, I realised that it was just another bogus website that redirects a user to torrents, no different than the peer to peer (free) networks. I had used paypal to sign up, so I used Paypal's dispute addressal forms to contact the seller and complained about this. In 4 days or so, I did get my money back from the website.

Has also used the dispute addressal procedure for another web based purchase of mine when the goods were not delievered on time... paypal got the merchant to ship the item by FedEx International priority and also got me a 20% refund.

Without a proper 'Purchase/Buyer protection programme' amongst the CC companies, I would tend to trust Paypal better.

[srijit]

If you are funding your PayPal account via Credit Card, find out about the Credit card limit too. Some cards might have a limit.