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femsol
femsol Contributor
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Re: Hold on payments after delivery is confirmed?

Well done Shelton,

 

This is the main thrust of the problem--eBay/Paypal needed to bring up their fourth quarter earnings that were expected to be below expectations.  So PayPal starts holding funds  for new sellers  in December but the bulk of us were subjected to the holds in January.  Guess what eBay was able to post better than expected profits and one financial analyst said it was due to PayPal's performance--performance??? Right they held our funds.  My account which had -0- dollars was held and then the beginning of February I recieved a notice that I would not be subject to holds. 

 

I wish you would post this on the other forum "Horrible Idea" as there must be some PayPal people posting and saying we have to accept this policy and nothing can be done.  You just proved them wrong even though we should not have to go to those extremes.  Good for you for knowing the right words and names to drop when you finally reached someone who knew as well as you did that they were making money on our money so they released your holds to keep you quite.  The buyer protection reasoning is just a sham.

 

This is a financial site I found that I check out of curiosity throughout the day.  It updates eBays stock price and provides you with financial news and speculation about eBay including news that may affect eBay in the future such as how well Amazon is doing and articles relating to the possibility of google entering the auction market.

 

http://www.techinvestornews.com/eBay/page-one.html

In fact I just read a snippet of the fact that  the European Union is going to begin to require that those who sell on line must have a brick and mortar store--naturally eBay is fighting that especially after PayPal was stopped from doing business in India until they comply with their monetary policies.

 

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popculturizm
popculturizm Contributor
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Re: Hold on payments after delivery is confirmed?

I'd partial agree with Paypal fudging numbers, It's pretty clear that something is wrong, I got an email from one Paypal "Rep stating that they had become a "Merchant Bank", when I double checked witht the State of California, I wasn't surprised to find out this was not true. And filed a complaint with the Attorney General's office (In California). I am not a new Paypal or eBay user (Over 10 years) and for Paypal simply to "Start" holding funds for no apparent reason and out of the blue (and breaking their own standards) simply smells to high heaven, I truly believe that Paypal is a Ponzi scheme and nothing more, there are no protections for users (none) no insurance (from the FDIC), I the past when Paypal has gone Dark (the site has crashed) they scrambled to fix the problems, Now with their business no longer bases in the U.S., what will will do when they go dark or simply disappear , that's why I have begun taking alternative means of payment and will be winding paypal down to less that 250.00 per month (instead of 2000.00) enough is enough WE ARE THE REAL CUSTOMERS and are treated like **bleep**!!!!

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tavorgene
tavorgene Contributor
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Re: Hold on payments after delivery is confirmed?

So , PayPal holds our money. So what about shipping fees we are respnsible for. How the heck do we  do that ?

And we have to buy our supplies.

This is the most outrageos thing I have ever heard of.

What other options do we have other than PayPal ?

 

 

 

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Amanda411
Moderator Amanda411 Moderator
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Re: Hold on payments after delivery is confirmed?


tavorgene wrote:

So , PayPal holds our money. So what about shipping fees we are respnsible for. How the heck do we  do that ?

And we have to buy our supplies.

This is the most outrageos thing I have ever heard of.

What other options do we have other than PayPal ?

 

 

 


Hi tavorgene,

 

If you print labels and pay for shipping through PayPal or eBay, the cost of shipping will be released from your pending balance shortly after purchase. Printing labels on eBay and PayPal is free. You're charged only the cost of shipping.

 

For information check here:

 

https://www.paypal.com/paymentholds

 

Amanda

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pisssedoff
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Re: Hold on payments after delivery is confirmed?

Great job Shelton !!!!! great job sir!!!!,  Id say keep after them !!! We all should go after the interest they owe us  I bet they fire their financial adviser that dreamed up this scheme to begin with!!! SCUM PAL

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tavorgene
tavorgene Contributor
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Re: Hold on payments after delivery is confirmed?

I do not see how we can be forced to put postage  on & mail these winnings to buyers , when they do not even release money for postage payment.

This is not right at all. So what are our options besides PayPal ?

 

 

Thanks ,

 

 

Sholly7

 

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johnR
johnR Member
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Re: Hold on payments after delivery is confirmed?

I closed ebay and paypal account.  end of pain.  Good luck to you all.

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rhondahonda
rhondahonda Contributor
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Re: Hold on payments after delivery is confirmed?

can you direct me how to do that? Thanks.

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satellitemax
satellitemax New Community Member
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Re: Hold on payments after delivery is confirmed? This is good to know!

Okay, I have verification of delivery yesterday....NOW WHAT? This is bull.....Craigs List - Awesome, at least you get paid!

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nopaal
nopaal Member
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Re: Hold on payments after delivery is confirmed? This is good to know!

I can't find the section in the user agreement  that specifies how long they can hold it, when they release it, etc.  Is it there or are they just blowing smoke?  I see where they reviewing high risk transactions (whatever that means) and they will okay to ship once they've reviewed it.  Nothing about holding funds for 21days, etc.  Where did they bury that?

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