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godaddy pre-approve payments?

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Julio

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Can someone tell me how this works in godaddy?
 
When you select this option you are asked to sign into paypal once you go this you are asked to accept some T&C's and asked for a max monthly spending limit.

A link is then created between your GD and paypal account so when you purchase a product from GD and select the "PayPal® Account on file at GoDaddy.com" option at checkout the amount is paid automatically to GD by whatever payment method you specify in Paypal => profile => pre approved payments => edit funding source.

I use this method and have not had a problem. Can can change what card the payments come from at any time from the paypal site.
 
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