In order to comply with federal regulations concerning payment processors in our jurisdiction (Canada), new maximum transfer levels between members have been implemented.
Members may receive one $9999 payment from any member in a 24 hour period. Members may send one $9999 payment to another member in a 24 hour period. This only applies to the “Transfer Money” option, and NOT when purchasing a product or service from a verified Merchant’s website.
NOTE – members are welcome to send or receive $9999 to/from as many members as they wish daily, just not more than once to/from the SAME member.
Example #1: you wish to send $15,000 to the same person as an instant Transfer Money transaction from the Transfer Money area of your STPay account. You will need to send one transfer of $9999 one day, and the balance the next day. NOTE - you are NOT clicking on a Buy Now button at a merchant’s website. There is NO limit on the amount you may spend when at a merchant’s website.
Example #2: you are expecting a $15,000 payment from another STPay member. You cannot receive more than $9999 per day, so the member will need to split your payment request into two separate amounts and send one per day.
Example #3: You wish to purchase a product or service at a Verified Merchant’s website for $15000. Click their PAY NOW button or other provided similar method, and your entire purchase amount will go through instantly.
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