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Citing things that were 'immoral or later found to be illegal' does not mean that Paypals new seller hold policy (which has been ongoing for as long as paypal has been in being) is illegal.
Why would it be? They state they will hold funds for new seller as its common industry practice.
If you don't like it then you don't have to use paypal as a payment processor, there are lots of other options.
However if you are talking about 'ebays hold' for new sellers then that is a completely different 'new seller hold' policy if you take the time to read the differences between the 2....oh yes another company doing a new seller hold....amazing.
Oh and card companies do it as well.
There are 254 million paypal accounts worldwide and lets say just for the fun of it that only 100 million of them are selling then that is 100 million that have gone through the 'new seller hold' without moaning about it.
THIS IS THE EXACT SAME THING WE'RE GOING THROUGH RIGHT NOW. PAY PAL IS ENTIRELY FULL OF **bleep**. THEY ALONG WITH E-BAY NEED TO BE ERADICATED FROM THE COMMERCE STREAM BECAUSE THEY ARE RUINING PEOPLE'S LIVES AND BUSINESSES. THEY ARE ILLEGALLY HOLDING MY CUSTOMER'S MONEY AND MINE UNDER THE GUISE OF PROTECTING CONSUMER RELATIONSHIPS. NO MATTER WHAT I DO THEY WILL NOT RELEASE THE FUNDS. E-BAY IS ALSO GETTING RID OF THEIR MERCHANT ACCOUNTS AS OF MARCH 1ST 2019 WHILE SIMULTANEOUSLY ONLY ALLOWING PAYMENTS THROUGH THE PAYPAL GATEWAY...HMMM... WHAT A COINCIDENCE. E-BAY PURCHASED PAY PAL AT 1.5 BILLION DOLLARS IN 2002 SO THEY KNOW WHAT'S GOING ON. THIS IS SICKENING TO THE CORE AND HEARTBREAKING THAT MY BUSINESS HAS GONE UNDER BECAUSE OF THE BAIT AND SWITCH FALSE NARRATIVE MANEUVER. THIS IS A VERY SERIOUS ORDEAL CHRIS SO IF THERE IS ANYONE OUT HERE WHO IS READING THIS POST AND YOU WANT TO GET TOGETHER TO MAKE PAYPAL AND EBAY PAY FOR WHAT THEY ARE DOING, I WANT YOU TO ENTER YOUR EMAIL ON THIS THREAD AND I WILL CONTACT YOU.
This is a scam, nothing more. I just lodged a complaint with the AFCA about my funds being held by PayPal, I suggest that everyone do the same. Things will only change if people speak up against this BS
Australian financial complaints authorities. Formerly the financial ombudsman. Just search for them and then use the complaint form it’s all online only takes 5 minutes
Had the same thing happen to us
Using paypal for 12 years, 100% feedback on ebay, over 10,000 sales, a handful of charge backs but only when refunded and paypal did not send the money to buyer they they went to bank and we just had a 20% of payments heard for 60 days
there was no warning or phone call just one day went on and was on there
spent next day trying to get someone to let us know what was happening and after 9 phone calls still now the wiser went to Onbudsment they sent a email for us got a phone call same day...
turns out that we on this for a reason only paypal know and wont share have been threw the list of reason and we dont tick any of them boxes whenever we ask them to clarify why has happened they just fob us off if very unprofessional and unethical
they said can remove the 20% for 60 days if give them 30K to hold, i personally feel like this is extortion and we are pursuing it further and have since removed paypal from our own website and dont take on amazon either and stop processing as many payments as can threw then and when ebay offers Adyen will be changing to them and completely removing paypal as a payment option due to this
it is honestly just a money grabbing exercise nothing more we will never use them in any business's we involved in already remove several and will warn every other business deal with also 🙂