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I got money transferred from my friend to my newly created Pay Pal account, but it is now on hold, and I cant make any payments through it. What steps should I follow to access the funds at the soonest (the website says I will get teh money available in 21 days)
Its down to how the payment was SENT to your account.
1. If they sent using money > goods / services option then paypal would see you as a seller and apply the new seller hold. They would also charge you a fee.
2. If they had sent using the send money > family / friends option then you would have had the payment instantly. (However that option is not available in every country).
If you say what country you are in then i can give you the correct link for more information on the hold.