madhatter110
Junior Member
- Sep 16, 2008
- 169
- 15
it was sent from [email protected]
Just wanted to tell you about a change we re introducing to make PayPal
safer in these tough economic times. Like a lot of financial companies,
we re going to start holding a small percentage of the total payments
you receive a reserve.
In a nutshell, a reserve is a percentage of the money you take in that s
held in your account temporarily to help make sure you can cover
transaction liabilities like reversals or chargebacks.
Your reserve percentage will be 5%, and we ll hold it on a rolling
30-day schedule. That means 5% of the money you take in each day will
get held, and then released 30 days later. And while we know this is a
significant change, tough economic times mean that we, too, have to be
more prudent.
We ll start holding your reserves 30 days from the date of this email.
If you re a PayPal Money Market Fund customer, you ll still earn a
return while your money is in reserve.
For more information or to learn more about how reserves work, visit the
PayPal Help Center. If you require additional assistance please contact
us at 1-877-729-7252.
Sincerely,
Risk Operations
PayPal, an eBay Company
Just wanted to tell you about a change we re introducing to make PayPal
safer in these tough economic times. Like a lot of financial companies,
we re going to start holding a small percentage of the total payments
you receive a reserve.
In a nutshell, a reserve is a percentage of the money you take in that s
held in your account temporarily to help make sure you can cover
transaction liabilities like reversals or chargebacks.
Your reserve percentage will be 5%, and we ll hold it on a rolling
30-day schedule. That means 5% of the money you take in each day will
get held, and then released 30 days later. And while we know this is a
significant change, tough economic times mean that we, too, have to be
more prudent.
We ll start holding your reserves 30 days from the date of this email.
If you re a PayPal Money Market Fund customer, you ll still earn a
return while your money is in reserve.
For more information or to learn more about how reserves work, visit the
PayPal Help Center. If you require additional assistance please contact
us at 1-877-729-7252.
Sincerely,
Risk Operations
PayPal, an eBay Company
