New to the community? Welcome! Please read our Community Rules and Guidelines
Has paypal started to place holds on funds because of the Corona virus crisis? I think so. I have been using Paypal since 1998, same account. Today they held a $42 purchase while there is over $300 in the account, never had a complaint, always login from the EXACT same IP number, always login from the same computer (at least for the last 3 years since I got a new computer). The only REAL reason I can think of is that Paypal is in trouble and to show better balance sheets is holding onto funds for a month rather than paying out instantly. This kind of arbitrary "Hold" has to be stopped. I have to pay for the items I ship before I ship them and the post office does not accept 30 day before payment. Crippling small business during the crisis by holding funds make paypal evil.
Thank you for reaching us thru Community Forum. Placing payment on hold will vary on difference reasons. For guideline wjy payment will be place on hold. I include here guideline for your reference
Why is my payment on hold and when will it be available?
Here are some common reasons why a payment may be temporarily unavailable:
By placing the payments on hold, we want to make sure that there are enough funds in your PayPal account to resolve any issues that may arise with your transactions, such as chargebacks or disputes.
If there aren’t any issues with your transaction or account, the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). To get your payments released sooner, use trackable delivery with any of our approved delivery companies and enter the tracking details on your Activities page. We’ll usually release your payment 1 day after delivery is confirmed. If your buyer confirms they've received the item, your payment will be released immediately.
To learn more about eBay payment holds, contact eBay for assistance.
Entirely wrong. Lot's of cut and paste and little information.
I found out everything about your corona response and helping.