Money not available

bfleet123
Contributor
Contributor

I sold something on ebay this morning, was notified that I received the payment staight away, and that payment is visible on my activity. The payment isnt available to withdraw from my paypal account.

I havent bought anyting myself using paypal recently so the balance hasnt been used by me.

I have received other payments today and yesterday that I have been able to withdraw straightaway.

 

Any idea on why this payment isnt available to withdraw? Anything I can do to change this?

 

Thanks

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2 REPLIES 2

dannyallured
Contributor
Contributor

It's because you are a new seller on ebay, paypal seem to enjoy holding on to peoples money for as long as they can,it makes them interest whilst it sots in their bank you see, rather than being in yours.

 I've been seeling on ebay for a long time, but haven't sold anything in the last 6 months, yesterday I sold two items, one at 100 quid and the other at 160 quid, that 260 quid is also on hold with the stupid excuse, "while you build up your selling reputation"

 one item already has positive feedback and the other is to be collected on sunday, with full arrangements sorted, I only sold the items because I had to pay my rent yesterday, and once again paypal are holding my funds in their account whilst I receive eviction notices. it happened before too when my car insurance needed to be paid in my bank, they held money, it didn't get paid in my bank,insurance got cancelled and it cost me over £500.00 in fee's and having to set up a new policy.

 so not only do they hold your money as long as they can they also charge you for the privilage. if I had said cash on collection, I'd have had my money by now, I put my landlord off till monday,at which time I would have had it, but now paypal are expecting me to put him off for 21days! ITS OUR F*****g MONEY PAYPAL give it to us!!

sorry to rant on your question mate but its disgusting how long they can hold on to your money, no other bank or building society will say "we have your money in your account but you can't have it till we say!"

 

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PayPal_Martina
Administrator
Administrator

Hi there,

 

Thank you for your post and welcome to the community!

 

If you have just started selling with us and have no prior selling history with us, or if you started selling again after a period of time, PayPal places the payments you receive in your pending balance. This process helps to prevent losses, by keeping your money secure. It also makes buyers feel safer and more likely to return and purchase again. The payment is placed on a 21 days hold.

 

These payments are always placed in the pending balance unless further information is provided to be eligible for early release. If you add the tracking number and mark the transaction as shipped in the details of the pending payment, your funds will be released to you sooner than the 21 days. You can find more information about it here.

 

Hope this helps!

Martina

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