Quote:
Originally Posted by Mustang
Odd.
So, if he has say $50K in sales for the week, he would need to keep 2.5K in there and the next week, if he had $100, he would have to retain $7.5K?
I would imagine some bells would go off if your revenues suddenly spiked upwards to $750K in a short time.
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Yeah, he's required to keep 5% of sale in the account to cover any possible refunds on charge backs required of PayPal. He did just hire someone to run the business side of things, so we'll see if he finds a different way to handle sales.
Though it looks like your example numbers are a bit low, he's done around $400,000 in sales in the last week.