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If you don't find your e-mail after 10-15 minutes from purchase, do check your spam folder. Of course, you won't be able to reply that mail (technically you will be, but since the sender will be faked, your reply will never arrive back to us).
When you set your daily budget, you're setting an average daily spend over the course of a week. They can work well if you want to spend roughly the same amount each day to achieve consistent daily results for your campaign or ad set.