Common use of Sending Limits Clause in Contracts

Sending Limits. PayPal may, at its discretion, impose limits on the amount of money you can send through the P2P Payments service (in addition to any limits set by the Credit Union). − Transfer Limitations. • Minimum Transfer amount: $5.00 • Daily Transfer Limit: $5,000.00 • Rolling 30 Day limit: $10,000.00 − Transfers. When an Online Banking P2P Payment is made, the funds are immediately transferred from your “Account for” transfer and are credited to PayPal to provide funds to the recipient. You agree that such requests constitute your authorization to PayPal and us to make the transfers. Once you have provided your authorization for the transfer, you may not be able to cancel the electronic transfer.