New merchant warning "your full balance won't be available right away".

[Nyogi]

I have created an account for my coaching class to receive payments from the students every month as tution fee. I have submitted every possible document of mine and completed the kyc. But everytime i login to my paypal i see this message warning flashing on my dashboard: "You can accept payment, but as a new merchant your full balance won't be available right away." I want to know how to get rid of this issue. I do not want any limitation on my account.

[sharpiemarker]

@Nyogi 

New PayPal account – payments on hold and accessing your money quicker

Submitting docs have nothing to do with this. It’s about developing your activity track record / best selling practices with PayPal as you embark on your new business and reducing risk for PayPal and it’s community.

There are things you can do to get funds released sooner.

There are two methods to do it depending on what you see on your screen:

Method 1:

Recipient has to change the order status or add tracking: 

1. Go to Activity page.
2. Find and click the transaction to update, then click Get your money or Get money sooner.
3. *If you sold a product, select Product to add tracking information or print shipping label directly.
4. **If you received payment that do not require shipping, selling an intangible item or service, select Service or virtual product to confirm order status.
5. Click Submit.

*Use one of the approved shipping carriers and PayPal release the hold 24 hours after the courier confirms delivery to the buyer’s address.

**Recipient will get their money 7 days after confirming the order status as Completed.

Method 2:

If there are no issues with the transactions such as disputes, claims or chargebacks, the funds should typically be released within 21 days from the date of payment.

In some markets, the transaction can be marked as "Shipped" or "Processed" to gain earlier access to the funds.

Here's how to mark your item as “Shipped” or “Processed” in the Transaction details:

1. Log in to your PayPal account.
2. Go to Activity page.
3. Find and click the transaction to update.
4. Click Add tracking info button.
5. Click the Order Status menu and select Order Processed if selling virtual goods, performing a service or receiving a personal payment***, otherwise select Shipped and provide tracking number if available. If tracking is not available, check off the Tracking information not required box.
6. If you need to change Order status or Tracking info later, click Edit tracking info in the transaction details.

***Some countries are without friends and family option and must use goods and services option.

Then, after 48 hrs from payment date, ask Sender to ‘confirm receipt’, here’s how:

1. Go to Activity page.
2. Find and click the original payment for the item.
3. Click Confirm receipt.
4. Click Yes to confirm that you received the order.

Note: Not all transactions will have the ‘confirm receipt’ option nor is required to confirm receipt. If customer does not confirm or confirm option not there, you’ll have to wait 7 to 21 days for PayPal to release funds.