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

SOLVED
Contributor

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

Thank you for your reply. Most people beg to differ: https://www.consumeraffairs.com/online/paypal_02.html Wish I did my research before using PayPal. Their service and support are awful. I don't even want to go into the countless hours I've wasted getting support to release my money, every time telling me funds would be available in 3-5 days. Sounds like PayPal has all sorts of issues. If you don't trust a buyer, don't buy from them.
Esteemed Advisor

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

@jbailey0722

 

LOL, 1600 odd 'complaints' that you will probably find were often due to ignorance on how paypal works against the 218 MILLION paypal account holders at the moment is the tiniest of dots in the ocean  Smiley Wink

 

So i don't think that qualifies as 'most people beg to differ' as most people are happy using their paypal account.

 

I have been through the new seller hold, didn't bother me one bit, it didn't last for long and i rarely waited more than a week as i sent the items trackable. Also as it was for buyer protection i understood why it was in place as I want buyers to use paypal and buy from me.  Smiley Happy

 

But as I said if you want to go and use another site / payment processor that does not bother me one bit, more buyers for me.

 

Try this review as well for a payment processor that does a fraction of what paypal does  >>

https://www.consumeraffairs.com/business/square.html

 


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Contributor

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

I should add that this hold does very little to protect buyers. I've been waiting for my funds to clear so that I can issue a refund. Because this was my first transaction, PayPal won't even let me refund until the payment clears. So, how does this help the buyer if they can't get a refund for 3 weeks? Customer used the wrong credit card, now I have to wait 21 days before issuing a refund before charging their right card, which yes I will use a better service, because there's no way I'm waiting 42 days for payment. I have nothing against others who want to use PalPal, I just want to warn new users that they should look past this 'household name' for better options.
Esteemed Advisor

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

@jbailey0722

 

Not true you can issue a refund whilst your funds are being held.

 

1. Refund and the funds are taken from your bank account until your held funds are released.

2. Phone customer services and they will release the held funds back to the buyer.

 

I would not dream of letting a buyer wait 3 weeks !!!

As for using 'other' processors then I guess you didn't see the link I posted above...LOL


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Kudos / Solution appreciated if I helped you.
Contributor

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

I've called customer service several times and there's nothing they can do. The transaction was for $1,800 which I really don't feel like taking out of my bank, nor should I be obligated to. I don't want to have my customer wait 3 weeks either, but that's the PayPal model.
Contributor

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

Also, I did see the link. Square literally has twice as many stars as PayPal.
Esteemed Advisor

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

@jbailey0722

 

Really? Only 1 on this one and getting 1 star for VERY FEW reviews is even worse  Smiley Wink

 

https://uk.trustpilot.com/review/www.squareup.com


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Contributor

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

Ok. Thank you for intelligently addressing the situation at hand. You have been most helpful. You should apply for a position with PayPal's support. I'm sure you'd get the job.
Esteemed Advisor

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

@jbailey0722

 

Thats original, not a great one for adult debate then are you?


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Contributor

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

This is getting petty... I'm sure you're a good guy/girl. Your PayPal piety I believe to be unwarranted, but we can agree to disagree.