Monthly Payment Release (Business Account)
Account is a business account. There is a "monthly payment release" limit on the account of $500. Actually I have a few different accounts with different release limits but we will use the $500 one as an example.
The FIRST $500 EACH MONTH is available immediately...anything after that is held for 21 days. Doesn't matter if the item is delivered or not, it's held for 21 days. Period. After 21 days, the remainder is released to you.
For example, if you sell $600...the first $500 is available immediately. The remaining $100 is available in 21 days.
Now, with that said, Paypal states "the first $500 each month". So does that mean it "resets" on the 1st of each month? Or is it every 30 days? I would THINK it resets on the 1st of each month, but I'm not 100% sure...since it's Paypal we are talking about here.
So in essence...say you sell something today for $500 and the money is available immediately. You sell something on March 1st for $500....would that money be available immediately, since it would be the first $500 of the month? OR would that "first $500 of the month" be 30 days after your last payment was received?
Does the question make sense?
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