Holding money

vernong
New Community Member

paypal said it was gonna hold my money till auguest 11th which is today and its not hear yet.  Still says pending

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4 REPLIES 4

DPCreations
Frequent Advisor
Frequent Advisor

It's still 11 August, not 12th.

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vernong
New Community Member

12th now

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hypersurrealism
New Community Member

Same here although I have read their policy and know the reasons they are holding the money...this is not conducive to any business.

 

Will avoid Paypal in the future as a payment option.

 

Last year I was sent an email that they will process my money faster going forward and since I have had a lack of sales, this no longer applies.

 

Paypal protects the buyers, not the sellers. I will look elswhere.

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

And yet, PayPal works for many businesses regardless.  And the hold program is not indefinite.  Accounts are reviewed. If they meet certain requirements do get released from this regime and begin receiving money instantly.  Not PayPal's fault that some "businesses'" cashflow is weak to begin with. Need money to make money.


Kudos & Solved are greatly appreciated. 🙂
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