I have a question about PayPal, so I thought I'd post it in the Ebay section since most people use PayPal to pay for their Ebay auctions.

I have a PayPal account, just the personal account not the business or premier account. I was looking through FAQ's on PayPal and discovered that I can recieve payments, free of charge (no fee), for the first $500 per month. Does anyone know if this is a correct assessment?