Changes to Redemptions

[kristenrice]

Not that it will *ever* effect me, but I am assuming that the PayPal cashouts will still be limited to $500 a month total, right?

We leave for our spring break trip on April 1, 2011 so under the new system, I am thinking that I will need to cash out by March 1, right? I have the PayPal debit card that will be fully-loaded with SR funds before I leave and I want to maximize its value.

I really like this idea.....great thinking!

[SunshineGirl]

Not that it will *ever* effect me, but I am assuming that the PayPal cashouts will still be limited to $500 a month total, right?

We leave for our spring break trip on April 1, 2011 so under the new system, I am thinking that I will need to cash out by March 1, right? I have the PayPal debit card that will be fully-loaded with SR funds before I leave and I want to maximize its value.

I really like this idea.....great thinking!

Correct on all of the above. You will still be limited to a total cashout of $500 a month. And you will want to cash out by February 28 so you get the money on March 31. Or February 15 to get it on March 15 if you want to have it cleared before you leave on April 1.

[mmm611]

Not that it will *ever* effect me, but I am assuming that the PayPal cashouts will still be limited to $500 a month total, right?

We leave for our spring break trip on April 1, 2011 so under the new system, I am thinking that I will need to cash out by March 1, right? I have the PayPal debit card that will be fully-loaded with SR funds before I leave and I want to maximize its value.

I really like this idea.....great thinking!

I'm not sure if it applies to the debit card or not, but Paypal also limits you to a max withdrawal of $500 per month.

[happymom]

Thank you, Tricia!

[megnick1822]

I too would rather have more options for the gift cards. I love ******** specifically for that reason. It seems very limited if you are getting rid of everything except 2 gift cards and the paypal option. Also I recommended this to 2 friends recently and they loved the idea of the different gift cards available.

[fronisgl]

Can anyone tell me what the average cost of using paypal is? Do they take 20% or what is the amount to use them?

[mmm611]

Can anyone tell me what the average cost of using paypal is? Do they take 20% or what is the amount to use them?

There is no cost to use Paypal.

[29apr00]

you don't get charged anything with Paypal......if you cash out for $300.....there is $300 in your paypal account for you to use.

[LauraLea]

you don't get charged anything with Paypal......if you cash out for $300.....there is $300 in your paypal account for you to use.

But doesn't Paypal then take out a fee when you transfer the money into your checking account?

[mollyeilis]

But doesn't Paypal then take out a fee when you transfer the money into your checking account?

They don't for me.

But I think that different sorts of accounts do different sorts of things. I've bought on ebay with my pp account, but never sold. I have it directly funded from my checking account (with a card as backup). And I never get charged.