Tdnam billing agreement?

[champ_rock]

hi

i just purchased a membershi of TDNAM and it has initiated a billin agreement on my paypal address

Merchant:	
	Go Daddy Software, Inc.(Info)
Billing Description:	
	

Date Initiated:	
	May 4, 2007
Billing Limit:	
	$500.00 USD (per month)
Billing Period Begins:	
	4(day of month)
Total Billed This Cycle:	
	$XX.XX USD

Payment Status:	
	Success
Funding Source to Use 
After PayPal Balance:	
	Not Specified
Agreement Status:	
	Active

please tell me what the heck is this billing agreement ? do they take money out of my account for my renewals etc without asking me?

please tell me what i this all about so that i can be a bit more confident

thanks

 

[Broker]

If I'm not mistaken, that $500 limit is paypals limit you can withdraw out of your paypal account to deposit into your bank account. You can up that limit somehow.

 

[champ_rock]

If I'm not mistaken, that $500 limit is paypals limit you can withdraw out of your paypal account to deposit into your bank account. You can up that limit somehow.

still not clear..

i listed one of my domains for sale just now...
the total cost was 00.00$ but Godaddy created another billing agreement with the same 500$ limit in my account.. so now i have two billing agreements with Godaddy worth 1000$...

please tell me what is this billing agreement?

 

[Spade]

The billing agreement is simply an agreement that allows GoDaddy to withdraw payments from paypal, without you having to log in and send the money, or accept a request for money.

The 500 limit is a limit that Paypal automatically sets up, preventing you from exceeding that limit. It can be changed, recently I changed my limit higher. Two of them were created because you may have entered your paypal account twice....

Make sure when making a purchase using Paypal, that you select account on file, when you do - you'll see 2 of them - there both the same account, just 2 different agreemnts (because you entered it twice) happens all the time, no biggie.

Justin