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Paypal illegally holding money

Contributor

Re: Paypal illegally holding money

They are absolutley useless I have recived confirmation and also positive feed back from the item I have sent to the buyer yet they have not released funds. You ask on eBay as a seller for the buyer to pay you postage and packaging costs in order to send the item bought yet you don't recive the funds how if you can't get the funds are you ment to send the parcel. This is a platform for everyone to sell on if you ain't got the money and are relying on reciving the postage and packing cost from buyer to sent your package just to make yourself a little extra money your buggered. Absolute disgrace!!!!!
Contributor

Re: Paypal illegally holding money

Just happened to me too. Did everything by the book, confirmed everything, uploaded tracking info, confirmed delivery many days ago, good reputation on ebay & the funny thing is a representative RELEASED my funds & guess what their still being held... 5 different reps said funds would be released yesterday & now 24 hours have passed & still nothing... Like you said it's a total crap shoot, they seem to target some & let others go by without any problems. My advice to anyone is to sell items at a slow pace & never any big orders EVER & you don't have to worry about losing too much money with this service if stuff hits the fan. Another funny thing is all the items I sold were low risk none expensive items & the buyers recieved them & were happy. Paypal recieved their funds & me the seller is the only 1 who hasn't recieved a dime. I will be taking legal action soon if my issues aren't resolved & the money that they are holding of mine will multiply times 50 when I'm done... It's absolutely ridiculous that tinterreat good sellers like this & I honestly believe it's not for security reasons but to gain interest off the money that their illegally holding. They let most people do business as usual & then try to raise their capital by targeting select people for interest gains... I'm almost certain of it at this point
Member

Re: Paypal illegally holding money

I sold as camera,PayPal put my money on hold for 72 hours and when I finally got it I transfered it to my bank straight away only to be told it would take ANOTHER 72 hrs to get into my bank....PayPal are becoming a nightmare,,i needed my money for my child's Xmas present which I have now being told is getting re sold to another person....

Contributor

Re: Paypal illegally holding money

Happened to me as well today.  Have been an eBay and PayPal seller for over a decade with no issues.  eBay says the hold is not on their end as my account is above standard with no issues.  PayPal says its because the transaction looks suspicious on my end because I sold a similar item 2 weeks ago at a different price.  The item 2 weeks ago sold for $20 more because it came with an additional accessory that this one doesn't.  I tried explaining that to them, and the general nature of auctions and how they dont always end at the same price, and that I've never had a complaint filed against me in the decade + I've been selling.  They didnt care.  They just just kept saying "This is the way it works.  Deliver the item and you'll get your money."  It's crap like this that makes me post stuff on Amazon and other sites first before attempting eBay.  Selling on eBay is always a last resort for me.  After this it will become even more rare if I sell at all.

Contributor

Re: Paypal illegally holding money

The last 4 transactions have been placed on hold. This is beyond ridiculous. I have 100% feedback not a new seller. I have read on many sites PayPal has been doing this more and more to experience near perfect sellers. I hope they aren’t taking everyone’s money getting ready to file bankruptcy. I will start selling elsewhere and hope PayPay or EBay “separate” companies on paper. Smh. Are tied into more companies that are holding others money. Why do they take their cut if the money is on hold? How do they can’t to take their money first? I’m sure the people working the phones at PayPal dislike their jobs right now. A lot of angry upset people calling wanting their money. Meanwhile the executives are living the rich life as long as they can before a lawsuit is filed against them. I want to be one of the people to file against them for abuse of holding the funds. I’m sure some attorney can find out this is an injustice. I know all we have to do is not use them but in the meantime I don’t have my money. How does solve what they are doing is justified? Just legal verbiage that has run it course. Anyone reading this please help find a way to bring a lawsuit against them! You will have thousands to jump onboard. If PayPal isn’t holding your money EBay is. Only “separate” companies on paper!
Contributor

Re: Paypal illegally holding money

PayBay is doing holds for 1 reason only...they’re using our money “on hold” to make money for free.
Contributor

Re: Paypal illegally holding money

Isn't it a little bit suspicious that Ebay allow new sellers to sell their first few items without any mention of holding funds to the seller, hence making the new seller comfortable with the selling arrangements. Then to start holding money after about 4 or 5 sales. This practice, no matter how legal it is, is underhand and down right unethical. I will no longer be using either company in the future. I hope THEY are listening although I doubt THEY care anyway. Those of you in this forum who believe they are helping people by repeating the EULA diatribe are doing anything but helping. People's lives are being affected by this kind of shark tactics and you should ashamed of yourselves by defending THEM in this way.
Esteemed Advisor

Re: Paypal illegally holding money

@ConstantG

 

Why would one be ashamed about the new seller hold that EVERY seller has to go through?

 

When a buyer pays you its never instant, paypal credit you the funds upfront and paypal takes the wait for the funds to transfer from the buyers funding source.

This is so there is no delay in the despatch of the item and its also why we get buyers on here wondering why their item is on the way but the funds haven't left their bank account yet.

 

BUT paypal only take that risk to them of crediting you upfront if you have built up a reasonable reputation as a seller.

Otherwise a seller may do xxx amount of auctions and then run off with the funds and not send items and paypal would lose money having to refund those buyers under their seller protection policy.

 

So would you be happy to 'loan' someone money that you didn't know in the hope that they pay you back? I doubt it so why should Paypal take that risk.

 


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

Re: Paypal illegally holding money

I was hoping that you specifically replied to my comment as it is you that I refer to when I was talking about defending an immoral EULA. just because the law currently says that the policy is legal, doesn't mean that it can't be challenged. I did not say "one be ashamed about the new seller hold that EVERY seller has to go through?" I said that you should be ashamed for simply repeating the same response and not actually offering any meaningful advice. Sometimes all people need is to know that other people understand their predicament. When you make a purchase online the transaction is usually by a CC or debit card and is usually instant, this is a well known phenomenon and usually needs no explaining. Holding people's money for a long period of time is NOT a well known event and does need explaining to people before it happens. EBay and PayPal hide this kind of information deep within their terms and conditions. This is a well known method of deception that large companies use to confuse costumers and, if it is brought to question enough times can often lead to the policy being changed by law. That, my friend is the advice I would be giving to people here.
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Esteemed Advisor

Re: Paypal illegally holding money

@ConstantG

 

So you are saying that you would be prefer to hand over money to a stranger on the promise that they would pay you back?

Because that is what you are asking paypal to do??

 

You haven't given any 'advice' you just gave your 'opinion' on the new seller hold.

So again you are saying you are entitled to give an opinion and NOT give advice but I am not allowed to do the same for some weird reason?

 

When you purchase something online it is NOT always instant, that is why when I buy something from say for eg Amazon it is PENDING on my credit card statement for a few days before it clears. So thats that one out of the way.

 

As for holding it for a long period of time then if you send trackable you normally get funds released within 3 days of delivery, what is wrong with that?

So my friend personally I was perfectly happy to go through the new seller hold as I knew it was better for buyers to have sellers with a good reputation and they would get their goods and not have to waste times on disputes.

 


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