Rolling Reserve "Keeping My Money"
soundoc
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Posted on
Sep-30-2011
02:00 PM
I can't believe what Paypal calls a security feature "rolling reserves" helps anyone but them. I've been with paypal for 10 years now and never had a charge back. I sell high end sound systems for churches, clubs etc. Sometimes it takes a year to close a deal. So where is the risk? My profit margin is 10% and Paypal is holding 30% for 90 days, really? So I have to pull 20% out of my pocket to make a sale? Its a good thing I caught it after one sale. If I have 2 or 3 customers at the same time a would be bankrupt. Thank you Paypal. Switching to Authorize.net See-Ya!!!
0 REPLIES 0

Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
Related Content
- bank account question in Bank accounts and credit cards (Archive)
- How Can I see my Rolling Reserve Holds & Releases on a daily basis? in My account settings (Archive)
- How long can Paypal hold 90 day Rolling Reserve on my Sales? It been nearly 2 years now! in Account balance (Archive)
- A few questions? in Account balance (Archive)