Guys a few things here...
1) These are agency accounts. Basically if your an advertising agency you contact FB and get ahold of a client partner. Then you tell them you signed on a new client and want an account created for him that isn't attached to your other clients. Boom, he emails you the logins for the new account which is set at $500/day limit since the rep created it. Total cost is $0
2) FaceBook is switching to Threshold billing and moving away from daily spend limits. This means with a brand new account you created for $0 you can spend upwards of $500+ on day one. I tested this myself. When you first start you are billed when your balance reaches $25, then your billed the next time your balance reaches $50, then billed when your balance reaches, $150, then $250, then $500, then $750, then $1,500. I was able to spend $550 on day one with a brand new account I created on my own. On day two my threshold balance was $500 and on day 3 my threshold was $750. Basically you spend 2x your threshold, BUT everytime you hit your threshold and pay it, the amount gets doubled so you can easily do $500+ day one.
1) These are agency accounts. Basically if your an advertising agency you contact FB and get ahold of a client partner. Then you tell them you signed on a new client and want an account created for him that isn't attached to your other clients. Boom, he emails you the logins for the new account which is set at $500/day limit since the rep created it. Total cost is $0
2) FaceBook is switching to Threshold billing and moving away from daily spend limits. This means with a brand new account you created for $0 you can spend upwards of $500+ on day one. I tested this myself. When you first start you are billed when your balance reaches $25, then your billed the next time your balance reaches $50, then billed when your balance reaches, $150, then $250, then $500, then $750, then $1,500. I was able to spend $550 on day one with a brand new account I created on my own. On day two my threshold balance was $500 and on day 3 my threshold was $750. Basically you spend 2x your threshold, BUT everytime you hit your threshold and pay it, the amount gets doubled so you can easily do $500+ day one.