Money on hold. How to release funds?

KristinaBir1990
Contributor
Contributor
My friend sent me money through PayPal and now they are on hold. How can I get access? I didn’t buy or sell anything. System asking for shipment tracking numbers but I don’t have any as I’m not selling anything. He just transferred me money through PayPal, as it was easier option. Been charged almost 4% commission and now I cant have an access. Please advise what to do
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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@KristinaBir1990 

 

Its down to how the payment was sent to an account.

1. If sent using money > goods / services option then paypal would see the recipient as a seller and apply the new seller hold. They would also charge a fee.

2. If sent using the send money > family / friends option then the recipient would have the payment instantly (as long as it wasn't an echeque pending with a clearance date) with no fee if funded from a bank account or balance (a fee if you use a card). (However that option is not available in every country)....and i don't think its available in your country.

So...


With payments received for tangible goods Paypal would request valid tracking information confirming the item has been delivered to the buyer. As they can validate the tracking information online, once it is delivered they can release the funds. IF you have received the funds for a service / virtual or digital sale OR no tracking number is applicable Paypal would be unable to release the funds any sooner than 21 days.

If you mark the transaction as processed then the buyer may have the option on their account to mark the transaction as delivery/satisfied. If the buyer confirms this by clicking on the "Confirm Receipt" button, the funds may be released to you sooner ie 7 days after the buyer verifies receipt. This is not always available or guaranteed. 
If not then sadly its 21 days.

 


Advice is voluntary.
Kudos / Solution appreciated.
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ezrahz
Contributor
Contributor

@kernowlass hi, my friend alreaady clicked the confirm button after 48hours of sending the money. but why my money is still on hold?

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