 EIN Supplied-Business PayPal Decreased Withdrawal Limit to $600/Month
Dear fellows,
A quick question about my 8 months old PayPal account that I recently upgraded to business and supplied EIN. Excellent track history, no single issue since opening. All went well but today after a week of supplying all business information I received a notification that PayPal would limit the withdrawal amount to $600/ month.
The first $600 earning (sale) could be withdrawn immediately. However all subsequent sales amounts will be held for 21 days. There's also a link to Request Limit increase but that can be done once per 30 days. Dont know what would be asked if requested for limit increase.
Wondering if anybody could advise on this situation. Is it unique to my account or people have had experienced this in the past ?
Many thanks
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