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NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

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New Community Member

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Just an enquiry. Do you even have legal right to withhold money that's technically not yours? You are dealing with the money as if it is yours. I've never agreed that you can do this. In reality, you are protecting a buyer and not a seller who is the actual person giving you a revenue. Buyers have also eBay and PayPal protection for disputes and may also dispute with the banking organisation. In reality, you are not a bank. You are acting as my agent in receiving money on my behalf. You take your small percentage and I expect that you deliver my money promptly. Notwithstanding, postage charges is built into eBay transactions. You expect a new seller to go without the money they've charged for even postage and you are expecting us to go without in the short term. This is the most ridiculous and potentially unethical behaviour I have seen in a while. You should be investigated by the ACCC and OFT.
Esteemed Advisor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

@Drpeppy91

 

If you are refering to me then no I have no legal right at all to hold your money.

 

But then that is because I have NOTHING to do with paypal.

 

But paypal does have a legal right and you agreed to the hold when you opened your paypal account and signed up to the user agreement.

 

PLUS paypals user agreement was approved by the FSA in the UK.

 

But if you don't agree with it then why not just close your paypal account, no one is forcing anyone to use one.


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Contributor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Totally Agree!! How dare you keep money that has been sent in good faith by a buyer!! I won't be using this medium to sell again.
Contributor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Well said!! No rights whatsoever! I will never sell through PayPal again.
Esteemed Advisor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

@Hrhvickysing

 

Great, less competition for the rest of us sellers that have been through the hold and understood that as it was for buyer protection we did not mind.


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Contributor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Whatever. 🙄
Esteemed Advisor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

@Hrhvickysing

 

Yep   Smiley Happy


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Contributor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

I agree I'm going through this as well what if the buyer is new and full of **bleep**

Contributor

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Right? How are we supposed to ship the item if they are holding the shipping fees as well. 

New Community Member

Re: NEW SELLER ON EBAY ! HOW LONG WILL PAYPAL HOLD MY FUNDS FOR ?

Don't worry!

 

When you FINALLY get the money that YOU EARNED for YOUR goods... Paypal will promptly put another delay on actually handing over the 'available' funds. Rest assured though, because it's a 'standard business practice.' Don't like it? Too bad. Don't use paypal then.