New to paypal

Kirsty11
New Community Member

Hey guys sorry to be a pain, I am new to PayPal. I have just sold an item to someone and they have transferred the money it is pending, I just wanted to know is it normal to sent the item first while money pending or get the money before sending the item. I read online that they can cancel payment anytime and am worried when they get the item if they do that. Thanks in advance for any advice given

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kernowlass
Esteemed Advisor
Esteemed Advisor

@Kirsty11

 

Buyers can't cancel completed payments, all they can do is file for non receipt of item OR item received but not as described.

If they win then even if the funds are in your bank account Paypal would chase you to refund the buyer and if not limit your paypal account and chase you to pay them back again.

 

You really should read up on Paypal seller protection before you start selling so you can risk assess your transactions.

 

Heres the link for the new seller hold..................have to give you the .com one as you have not said what country you are in OR said if its an Ebay transaction or not when it would be a different link.

 

https://www.paypal.com/us/brc/article/funds-availability

 

 

 

 


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kernowlass
Esteemed Advisor
Esteemed Advisor

@Kirsty11

 

Buyers can't cancel completed payments, all they can do is file for non receipt of item OR item received but not as described.

If they win then even if the funds are in your bank account Paypal would chase you to refund the buyer and if not limit your paypal account and chase you to pay them back again.

 

You really should read up on Paypal seller protection before you start selling so you can risk assess your transactions.

 

Heres the link for the new seller hold..................have to give you the .com one as you have not said what country you are in OR said if its an Ebay transaction or not when it would be a different link.

 

https://www.paypal.com/us/brc/article/funds-availability

 

 

 

 


Advice is voluntary.
Kudos / Solution appreciated.
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