How to get around the 21 day hold on PayPal

StonePilot
Contributor
Contributor

I found a sure-fire way to get around the 21 day hold on PayPal. 


SELL STUFF ON CRAIGSLIST LOCALLY AND GET CASH.

 

Granted, you can usually only get about 70%-90% of the price you can get on eBay, but it's local, instant, cash (I met a guy at a bank once and we borrowed a side-room to transfer property and cash) and you don't have to put up with the corporate nonsense you see with eBay/PayPal.

 

One hint.  Meeting your buyer in a public place like a meeting room in your local library, a starbucks or McDonalds also works well too and they have a lot of room to spread-out.  Make certain that you ask for CASH in advance and leave and go straight to the bank when you're done. 

 

Ive done that numerous times in the past year.  I always get a higher selling price on eBay, but then I have eBay feeds, PayPal fees, Shipping fees ... and now the 21 day hold on PayPal is just too much.  I've got $1250 sitting there waiting for me.  I had plans to spend the money on after-Christmas sales, but not this year I guess.

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2 REPLIES 2

USA_Millenium
Contributor
Contributor

You can always sell high price items with a work around.  That is why they have listing fees too.  This way they make money regardless of if you sell it online or weasel around them. 

 

The problem is that Ebay & PayPal **bleep** the people that sell lower priced items more than the people that sell high priced items.  I currently sell 10-20 "male enhancement products" a day and pay out a rediculous amount of money to Ebay & Paypal that equals or is sometimes MORE than the profit I MAKE off these items!  This is on auctions AND BuyItNow.  I do all the work, and Ebay makes all the money.  I can't wait till I can be a "Power Seller" so I can finally make a bit of a profit!

 

Kevin

USA Millenium

myworld.ebay.com/usa-millenium

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StonePilot
Contributor
Contributor

I would have been MUCH better off selling my items on craigslist for $1000 cash and delivered intown (greater Dallas area) than to have gone through the process of selling, paying listing fees, shipping fees and now having to wait until my funds are cleared.

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