HORRIBLE IDEA TO HOLD FUNDS FOR 21 DAYS!!!

gearhed78
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  Holding funds from sellers until the buyer leaves feedback is the worst idea EVER! Since when does Paypal become an authority on buyer satisfaction?? A smooth transaction is all that I wanted from Paypal. If they are going to hold funds, then they should make it very clear BEFORE you use them!  Keeping my money in their account for 21 days is a HUGE disadvantage of using Paypal. Stick to transferring funds,not trying to be a satisfaction authority!

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readuseragreeme
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@hosshunter wrote:

Yah red I notice you all over the posts defending Paypal illegal activity. If Paypal is willing to cheat their customers do you think they would be willing to not identify themselves as employees. You and user must not have jobs as it seems like all you do is defend Paypals illegal activity. I notice you both don't touch the fact that Paypal is going to make thousands of dollars a day by illegally holding their customers money by intrest and the intrest free use of this money they are holding. You just want to skip over that. And the fact they are not informing the person exactly why their money is being held besides this crap it is a secret and you can't know specificly why they are holding your money. I notice everybody is complaining but you and user of course Paypal won't hold the money of their employees now will they


Again it is in the user agreement, you signed it.  You went right ahead and raised your hand and said "pick me pick me! hold my funds!" Nothing you can really do about it.  May i suggest you read the 300 pages about the 21 day holds.(then come back)  Soon this thread will be merged in there aswell. 

 

Also Paypal isnt holding any of my money I dont have a CC or bank account linked to my account, because I'm smart...and dont use paypal.

 

I live in a van down by the river and your right I have no job (because I dont work for Paypal)

 

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hosshunter
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Like I beleive you guys. You either work for them are own shares.

 

As in other posts I have read anybody that reads this post contact CNN, Fox News, CBS, NBC, ABC, The New York Times etc. The BBB and your congressmen about this illegal activity. Cnn and Fox are investigating Also gert a hold of your State Attornet General and keep informed about a possible class action suit being looked at out of CA. They may want to cheat their customers but they will have to answer to pressure by the media and the govt.

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redpower
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@hosshunter wrote:

Like I beleive you guys. You either work for them are own shares.

 

As in other posts I have read anybody that reads this post contact CNN, Fox News, CBS, NBC, ABC, The New York Times etc. The BBB and your congressmen about this illegal activity. Cnn and Fox are investigating Also gert a hold of your State Attornet General and keep informed about a possible class action suit being looked at out of CA. They may want to cheat their customers but they will have to answer to pressure by the media and the govt.


Yeah  you have read posts where people are contacting all those networks and everything about PayPals LEGAL activity. Have you heard it on the news? No? Didn't think so.  Well if you're going to be ignorant then I guess this is pointless.  Good luck with nothing!


 

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Kiva1278
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Can we get back to the topic here?

 

 

How ever thought of this idea should have been fried. To me Ebay/paypal thinks that there are no such thing as bad buyers,  well think again, Ebay/paypal will soon become freebay once the the buyer reallizes that they can get away with buying a item while keeping there money. 

 

 

I do believe that the customer is always right but when it comes to online shoping bid sites like ebay they don't appy, since you don't know who it to trust.

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7yearseller
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I am sure 99% of the sellers here would agree with you when you say eBay needs to realize there are bad buyers. I do believe they are really very aware of that, but they won't do anything to the buyers' Paypal accounts. One thing I do not think they have put much thought into is that so many of us sellers buy on eBay, and if we can't access our funds--well, speaking for myself anyway, there is no way on this earth I am going to buy something on eBay when I know they will pull it from my checking account and not from my Paypal balance, money I earned.

 

That's my thought on that, but honestly I do believe everything that can be said has been said. There is no way to change this. I know the original thread was closed, but it would really be good if there were a way for the new posters to go back and read everything that has been suggested, tried, etc., etc. Nothing is going to change. We have to adjust to it and live about a month behind with our income from our sales. Of course, I highly recommend that we don't shop on eBay ourselves. We didn't shop here before the Internet and eBay and we don't have to now.

 

Someone has over and over suggested we, the sellers, have a mass exodus from eBay, but I don't think that is the answer..not as sellers anyway. The only way we can actually 'boycott' is to stop buying here, and I really think they will see a difference in their bottom line. You do have to admit you get more traffic here than other sites, for now anyway. So, let them hang on to our money until they have the proof they say they need, but we also should hang onto ALL of ours that once went into buying here.

 

Of course, everyone thinks they have the answer, but after seeing all of the rage and repeated calling eBay and Paypal names which isn't going to do a bit of good but to get it out of your system for the moment and to also put yourself in the spotlight for your '15 mins of fame' here if you are inclined to need that. Personally, after all that has been said and knowing nothing will change, what else is there to do but stop selling on eBay or stop using Paypal OR adjust but stop buying. They do make a lot of money in final value in eBay and transaction fees in Paypal from purchases sellers make. This is the only way I can see that could affect them where it hurts, the bottom line, because no amount of threats to pull out of selling or calling them names is going to change the fact that most sellers will continue to sell and there will always be new ones who don't know this is a major change and will just happily go along with it.

 

Bottom line, and I have given a lot of thoughts on this before, but for the first time I have realized how much our not buying from eBay sellers is going to affect both eBay and Paypal. This is not meant to be anything more than to get their attention so maybe they will see fit to find a way for the money to be released "at the time the label is printed" and not once the buyer leaves feedback or we "send" the tracking number. Once the label is printed, which they do have proof of by the way their system works, then okay, let them wait just past the 24 hour period we have for canceling the label, and then release the hold. That makes perfect sense to me. They would have their proof that the package is on the way. Once they know that, they have standard operating procedures that will fall into play if the buyer is not happy, etc. etc. 

 

I would also like to say that I am posting this mainly for Olivia or whoever else is moderating in the hopes that they might suggest to Paypal that sellers could easily stop buying on eBay, not just when they don't have their funds released but all the time. They are willing to take the hit on some sellers leaving, but just maybe they haven't considered this or don't believe enough sellers would do it to make a difference. Also, my post is to see if possibly the moderator will see if they might take the suggestion of only holding the funds for just over the 24 hours we have to cancel the label, possibly 30 - 36 hours. That is not going to affect us as adversely as waiting for the feedback or having to take the time on each sale to contact Paypal with the tracking number and then wait for them to check it. That's not efficient, and I cannot imagine them leaving things less efficient as that will only cost them money.

 

Considering every other topic has been covered other than us not buying, I see nothing else to add if you plan to stay a seller and if you continue to take Paypal. In situations like this, you either leave, or you accept it and know complaining is not going to make a bit of difference. So far, all I have seen it do is get people here in heated and hateful discussions. But, admittedly some of the comments were so redundant and hateful, it was difficult not to comment. But, since the thread was closed before because of this, let's hope some others have suggestions other than the mass exodus, which isn't going to happen or lawsuits, which aren't going to happen. Just like a regular here says, read the rules and regulations. It is my opinion that Paypal and eBay (since both state the same thing in their contents) should change the wording so everyone who reads it does not think they personally are being called a risk. This was the original wording, and it does mean exactly what it says, but with the way it is now, the hold is not just for those who are a risk, so the wording needs to be addressed to reflect this new change, or maybe show it as an addendum and the date it was imposed and why.  It does insinuate that is the reason for this, and some of it is, but for the most part it is only a strategic business decision for which they are willing to have people leave so they will not be left with the financial burden of some sellers not being able to fulfill or in some cases deliberately not being able to fulfill their end of the agreement. With an empty Paypal and no money in the bank and a credit card that has been closed, Paypal absorbs the loss. I know most of you already know this. It would even be nice if they sent out a letter to all sellers stating this and not allude to the ones with holds being a risk when by the end of July, according to Paypal Customer Service, all sellers will have the same new hold placed on their funds.

 

I hope this helps some who have just come on here to know griping about it is not going to change anything but maybe will give others the idea of not buying if you want to see if it will get their attention. For the sellers smaller than the BIG STORES, not selling is not going to make a bit of difference. By BIG STORES, I mean the major department stores who may accept Paypal as a method of payment.

 

This change was implemented in the last few weeks. The posting on here about a 21 day hold before that time apparently was from those who did have a reason to appear tao be a risk or maybe they just had a sale of a high dollar amount where the buyer had not left fb. I know this has happened to my son for a high priced item. He had the tracking number, the item was delivered, buyer signed for it, but up came a 21 day hold and this was a few years ago. He called them, said it was delivered and signed for so why was his money being  held. They wanted proof because of it being a high dollar item and no feedback. Once they had it, the hold was lifted. THIS is why it would be good if a moderator on here would suggest to Paypal, if they have any authority at all to do so, about holding only for maybe 36 hours after the label is printed and if the label is not canceled. That shows right away if it is canceled, so they would be protected. Solutions we suggest need to be something both we and Paypal can work with not just call them names and say we didn't agree to this. They covered that with the wording, although again I think it should be changed to reflect today's procedures and why.

 

Thanks for your reading this.

 

 

 

 

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Kiva1278
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we said 7yearseller

 

I have been a member ebay since 2006 and started to sale a year, and throw that year I put tracking number on every single one of my items that I sent out and payed there ebay fees on time, no complants here. but with this policy it will really hurt us in the long run.

 

 

Who ever is in charge I would like to make a suggestion,once the tracking number is in place funds should be release immediately or in 24 hour like 7yearseller say, it works. they buyer has the proof he need that the item was sent out, not need to wait 3 days after it was sent.

 

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terese2
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Well, how nice it is to see these recent postings on a day celebrating our freedom and liberty!  Yes, people, we can choose not to deal with companies whose policies and procedures offend us!

 

I, for one, have enjoyed a great deal of success these last two weeks selling on Craig's List.  No fees on either end, and quick turnover!

 

The suggestions neither to buy nor to sell on Ebay, and to avoid Paypal on both the buying and the selling ends, are terrific!

 

Just remember--holding on to NOTHING for 21 days gets you exactly NOTHING!!

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7yearseller
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This thread is for proposed real life solutions to a way to deal with a business policy we cannot change. I, for one, am very glad this last seller posting


@terese2 wrote:

Well, how nice it is to see these recent postings on a day celebrating our freedom and liberty!  Yes, people, we can choose not to deal with companies whose policies and procedures offend us!

 

I, for one, have enjoyed a great deal of success these last two weeks selling on Craig's List.  No fees on either end, and quick turnover!

 

The suggestions neither to buy nor to sell on Ebay, and to avoid Paypal on both the buying and the selling ends, are terrific!

 

Just remember--holding on to NOTHING for 21 days gets you exactly NOTHING!!



 has found their solution by using Craig's list and glad this has freed you from waiting for your funds. I, personally, would rather wait a bit than to have strangers calling and coming to my house, but that is a personal choice, and I am very glad she has found one that makes her happy. So, this just goes to show, there is an answer for everyone.

 

In having much success on Craig's list, you won't have the need to use Paypal or be concerned anymore about what they do or don't do. See, it is possible to find your own solution, and you did 🙂 and it also appears this makes you happy, which is a good thing. Some say all things happen for a reason. This led you to Craigs list to find you would enjoy success there.

 

I am just so thankful we do have the freedom of choice, and by the last person posting what she did, she has shown that we do, and has given us the suggestion of another venue that is working well. Maybe everyone can share their own personal solution they have found to handle this change. Remember, it isn't a personal thing. It is business, and life will carry on no matter what each individual seller decides is the solution for them.

 

Have a great 4th of July !

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terese2
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There is no requirement to allow people to come to your home if you sell on Craig's List! Buyers can be directed to any location, or can receive items via shipment! Craig's List provides an attractive, consumer friendly alternative to Enay and Paypal.
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7yearseller
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@terese2 wrote:
There is no requirement to allow people to come to your home if you sell on Craig's List! Buyers can be directed to any location, or can receive items via shipment! Craig's List provides an attractive, consumer friendly alternative to Enay and Paypal.


I was thinking of local sales. I also sell furniture. The only time I looked, the pictures don't show the item as nice as it actually is, so I thought people would want to see in person. Of course, with smaller items and if your customers are long distance, that makes sense. I have only dealt with Craig's List once and that was when I was looking at a desk locally, and I would have had to go to their house to see it and pick it up. I guess I never really thought of Craig's list as a continental USA tool for selling, but that does make sense. When I looked, the things I saw were only local, so I thought people listed things only in their location.

 

That is a very good alternative since it is working so well for you. Maybe the irate ones who come on here now will also see that as a good suggestion. I think it is for some. It just isn't for me because my house sits so far back from the street barely viable, not a good place for someone who is alone to give out the address to an unknown person. I would definitely sell on Craig's List items people are willing to buy without having to see them first hand.

 

 

I'm so glad this is working for you. I do think I will try Craig's list for some of the smaller things I do have to see what it will do for me if they will send me a check or money order. I like the idea of no FVF. Although we still have to have a way to take payments. Have you had success with people sending you checks or money orders? I mean in them being comfortable about buying from an individual an item where they have no official buyer protection like eBay does.

 

If you have found another method of receiving payments over the phone or online other than Paypal, would you share that? I just thought of something I have not looked at, and you probably know the answer. If money is sent to you via Paypal but not as an eBay purchase, do they hold it? That's a good thing to find out, and I don't know why I didn't consider that before. I have researched so much so many different methods, I did not even think of that. I do hope you know where the answer is or have it to post here. I honestly am so tired of going into Paypal and reading. Your input would be greatly appreciated.

 

Thank you ! 

 

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