What happens if or when we reach our limit?

I Also noticed that while viewing my profile, there were limits to
Submissions, Upload space, Payment submissions and Form views. Why is this
and what happens if or when we reach our limit?

Hello again, Asia J. 

As promised:

When reaching the monthly limits for payment submissions, form views, and submissions, your form will automatically become suspended and will automatically get reactivated starting the next month.

If you reach your limits for upload space, your account will also be suspended automatically, and it will be active once again once you have reduced your uploaded space below the limits.

For total submissions, this is the totality of all submissions your account has received, you are allowed 500 submissions and going beyond this will remove your oldest submission. This will not suspend your account.

You can refer to this guide in order to learn more on allocations per subscription type: https://www.jotform.com/pricing

If you have questions, please let us know.

Thanks.