I deleted my form submissions but it still says I'm out of space

I ran out of space so I deleted all the old submissions, but it still says I'm out of space. Will that correct after a bit?

I'm sorry, but deleting your form submissions won't restore your account limits. You've exceeded your payment submissions limit for this month. A free account is limited to only 1 payment submissions for each month. You may consider upgrading to Bronze to receive up to 10 payments or to Silver Plan to receive up to 100 payments per month.