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I am running a business - I do not have time to sit on hold for hours on end with a "helpdesk" that does not seem to exist.
Same here, I have transferred literally thousands of dollars through the PayPal system and there has never, ever, been a problem. I went to transfer money in my bank and got the news that they are putting it on "review" for 72 hours. Hereby they are acting like a bank, this is not allowed by law. PayPal is a payment processor, I paid 35 dollars in FEES to transfer money that is rightfully mine. I understand that there is a delay of 2 - 3 business days to transfer to my account but PayPal will only transfer the money after the "review" is completed.
This is a way to extort money by taking interest on the money owed, I bet there is much more than a couple of million dollars in transactions a day globally on this platform. Mind you the buyer of my product has 100% positive feedback on eBay and I have 100% positive feedback. Imagine if you held 30 million (just throwing a number out there) and held that for 24 hours how much interest that would bring to the company? On top of the fees that sellers pay. It is simply not sustainable to build a business around this platform. Oh, right, forgot to mention, I have been a PayPal user for 10 years! And like this they willy nilly hold my money hostage without any probable reason. The money was on hold for over 12 days while the shipment was in transit and got delivered, with tracking as required and delivered on the same day it was sold and with a signature on delivery. And now PayPal just tags on another week, just because they flipping can, oh I did mention I paid 35 dollars for this "service" right? Anyways, this is a forum, PayPal does not give one flying hoot about their FEES PAYING customers. Have you actually tried to call the helpdesk? Right... "help desk", "review"
@DonnaPFP First of all - sorry for the kitty, I love cats, well actually I love all animals because they are the only ones without sin.
I have just spoken to my banker, we had coffee together this morning. I am opening a merchant account with the bank and no longer will be using PayPal no matter how much eBay promotes them. You are right that this is a scam, as a payment processor they have to process the payment that we pay fees for, oh those fees are of course taken off immediately, sorry buddy that is ours, plus the "review" time of 72 hours (3 days) and their extra "careful" transmission of money that takes at least 4 business days, which makes them hold on the the free money for 7 additional business days which gives another 9 days of interest on money that is not even rightfully their money. My banker was highly surprised to find out about this "review" and it was added recently to the terms and conditions.