HORRIBLE IDEA TO HOLD FUNDS FOR 21 DAYS!!!

gearhed78
Contributor
Contributor

  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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bluntmanchronic
Frequent Contributor
Frequent Contributor

someone finished seventh grade!  Good for you.

 

Maybe it is a play on words like YourStupidity wouldn't fit?

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7yearseller
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This thread has already been shut down for name calling.

 

Go to the thread that start with ANSWERS....It's nice to see a direct answer from a moderator in black and white. Paypal_Andy says this is the way it is. You can read it for yourself. I was tired of different answers from different people, and since it is posted there by a moderator, he can't afford to be wrong. I do appreciate his explanation of exactly how this is working. I hope it will help all of us.

 

This does not mean that I like the change, but we can't change it by complaining and calling Paypal and eBay names. I wanted an answer I felt I could count on to know if I ship a package just exactly what is the standard operating procedure now. That answer was given, in detail, by Paypal_Andy.

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antiquesnme
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had been held---I just got the news from Paypal that now they will release my funds when they're paid.  The only thing I dd

was to put a tracking number in eadh package I shipped---it just took a week , then I got the message my funds were no longer being held. 

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mooky
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I have 100% positive feedback on eBay and they still hold my money!!! I am waiting on a TV commercial for a class action lawsuit for interest earned while they hold OUR money in there account. If all 10 million users have $100 on hold for 21 days think of the interest the bank is paying paypal for our money!! Paypal and eBay CEO's need to read the Bible and realize GREED IS ONE OF THE 7 DEADLY SINS!! Sad to say but that is why the poor stay poor and the rich get richer!!! I HATE PAYPAL AND EBAY BUT I MUST USE THEM TO HELP SUPPORT MY SON!!!! it is hard on a single parent trying to keep her 16 year old son away from alcohol and drugs and keep him in sports when all their fees keep going through the roof!!! GREEDY GREEDY GREEDY

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lawyerjim
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Contributor

eBay account since 1999.  Feedback 129, 100% positive.  Sold about $15,000 on eBay this year.   Never had negative feedback as a seller.  PayPal just put a 21 day hold on MY MONEY, for about the 5th time.

 

Before, when a 21 day hold was put in place, I would start using other ways to get paid.  This time, I have decided that eBay may not be worth it if it means MY MONEY is going to be held for 21 days.  So, today I pulled 4 items off of eBay that usually sell for over $300 each and sent them, along with another $3,000 in items to a consignment company.  It's easier and I get paid within 24 hours of a sale.  I'm sure losing $15,000 in sales each year will not have any effect on eBay or PayPal, but it will keep my blood pressure from shooting up every few months when a new hold randomly appears.

 

What angers me most is that no one at PayPal will, or maybe can, tell me why they put these holds on at arbitrary times.

 

 

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Arrythmaniac
New Community Member

I have never had a problem with a customer in an ebay transaction I've had over the years. My feedback may only be in the 300s, but it is perfect. Now Paypal sends me an email telling me I am a risk for future chargebacks and any of the payments I receive may have a 21 day hold put on withdrawal? Nonsense. I agree with the original poster, this is a horrible idea, and I will find an alternative to ebay.

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terese2
Contributor
Contributor
Congratulations for walking away from Paypal and EBay. There is no way to make sense of this 21 day hold policy unless you first understand that Paypal's greed is rapacious. They will grab asuch money as possible--from holds or fees--for no other reason than they can. It is loathsome, in my view, especially on top of the fees imposed by EBay. The so-called risk assessment supposedly applied to sellers is obvious nonsense, and inequitably applied. Some say you can get the hold lifted by jumping through various hoops and calling customer service on a per transaction basis. In my view, this is a ridiculous waste of time. Some opine on this site that Paypalnis going to drop the pretense of per seller risk assessment, and just apply the 21 day hold to all sales. That, at least, would be honest, though still loathsome. Walk away, all you dissatisfied consumers! Find another sales venue where you do not feel exploited and ripped off! Psypal is disgusting in its greed! I, for one, have found Craig's List to be very promising--with NO FEES!!
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7yearseller
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@terese2 wrote:
Congratulations for walking away from Paypal and EBay. There is no way to make sense of this 21 day hold policy unless you first understand that Paypal's greed is rapacious. They will grab asuch money as possible--from holds or fees--for no other reason than they can. It is loathsome, in my view, especially on top of the fees imposed by EBay. The so-called risk assessment supposedly applied to sellers is obvious nonsense, and inequitably applied. Some say you can get the hold lifted by jumping through various hoops and calling customer service on a per transaction basis. In my view, this is a ridiculous waste of time. Some opine on this site that Paypalnis going to drop the pretense of per seller risk assessment, and just apply the 21 day hold to all sales. That, at least, would be honest, though still loathsome. Walk away, all you dissatisfied consumers! Find another sales venue where you do not feel exploited and ripped off! Psypal is disgusting in its greed! I, for one, have found Craig's List to be very promising--with NO FEES!!

 This is the second time you have informed the people here you are very happy with Craig's List, that it is working very well for you.

 

Why then do you feel it is necessary to come back again and again since what you say is not going to change anything, and you have found your solution.

 

Do you just like to get yourself riled up and take it out on Paypal or is it maybe for the attention? I thought you were actually happy with what Craig's List is doing for you. I thought that was wonderful, but apparently you are not happy enough with what they have to offer that you have to come here and rant.

 

BTW, how are you paid with Craig's List? This is not about a selling venue but rather a payment method. If you can take credit cards on your own, why care about what Paypal's policies are now? Craig's List is your answer for this change, and you are selling very nicely as you state. Enjoy it and forget that this thread is here. Of course, if you have another answer that will actually be of benefit to the sellers who are distressed, we definitely would like to 'hear' about it...like the new payment method you are using..

 

 

 

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terese2
Contributor
Contributor

There are several reasons to post on this forum.  One is to seek answers.  Another is to provide them.  And a third is to reinforce others to see that their concerns are correct when they object to Paypal's nefarious and greedy policies, and to encourage them to take appropriate consumer action--i.e., don't use them.  Whenever a new speaker posts on the forum, I decide whether to respond based on my interests and theirs.  Sorry if you don't like it, but this is my right, and I would argue, my responsibility.

 

I am not riled up in the least, Seven, and if you are, I suggest that you find a way to deal with it.  Stress kills.  I take seriously, as you should know by now, my role as a consumer, and part of that role is to encourage others to adopt my solution-- LEAVE PAYPAL AND EBAY.

 

To address your question, Payment processing is wide open on Craig's List.  If you have a mechanism for accepting credit card payments, you can do that.  If you wish to accept cash, check, money order, or payment transfer, you can do that.  No rules, no fees, no holds.  Heck, if you want to use Paypal, I guess you could even use that.  I wonder whether they would hold money for 21 days on a non-Ebay transaction?

 

Please relax, Seven, and have a fine day.

 

 

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7yearseller
Contributor
Contributor

Per Therese2: Part of her post.

 And a third is to reinforce others to see that their concerns are correct when they object to Paypal's nefarious and greedy policies, and to encourage them to take appropriate consumer action--i.e., don't use them.

_____________________________________________________________________________

 

 

 

People come here looking for what they can do and still stay with eBay, and of course they do want to vent. However, I do not see the need to feed their already upset feelings.

 

Anyone who comes in here to only post negative comments over and over repeatedly is obviously carrying with them angst, stress, and anger. Your posts are only repeating yourself over and over. People can read the other posts you have on here.

 

There is an answer under another title regarding the exact way this works. Personally, if there is to be a change, and any business has the right to an addendum to their policies, the change is not so bad if you will read it and see that, although you continue to state 21 days, it is not really 21 days, but it can be depending on the seller. Read what Paypal_Andy has answered as the way the new policy works. Of course, I would like to see it go back to the way it was, and if it will or if it will not, I do not find the up to 24 hour waiting period after the label is printed on Paypal (in order for them to confirm the tracking number) to be unfair. As Andy says, float a few shipment costs (keep them in your Paypal), to cover other shipments you have going out in the next day or so, and that is when Paypal will release the shipping funds. Yes, the cost of the item itself will not be released until 3 days after proof of delivery, so ship Priority and get it released faster. If we have so much invested in our items we are selling that can't wait the maybe up to 10 days, then we don't need to be selling so much ending in one day or items that pricey. It appears from the answer Andy gave that those who list everything to end on one day will have to change that to one, two,three items ending on the same day ( or whichever they can afford to pay shipping on out of pocket for 24 hours). There is a way to work with this rather than complaining about it. He did not say this verbatim, but it doesn't take much to realize this can work.

 

Another thing is the longer you go without selling on eBay by 'boycotting them' makes them truly see you in the "risk" category. They don't see consistency. Another seller posted that Paypal did tell her that because she had not listed in a month or so, they saw her as a risk. Now, we know this is not necessarily a given, but maybe there a many sellers who sell sporadically who are the ones who proved to be a real risk. Gone are the days where we can be 'closed for vacation', it appears, since we need to be consistent, but we can always list items to end starting when we are back, so you can also have that part covered.

 

I do not feel that those who have been on eBay for years should just leave because of this. Try to find a payment method that does not do holds. It is not easy. I think Paypal is just following suit. Again, I didn't say I liked this change, but I am not advising people to leave because that will take away from their income, plus if they decide to come back, it is like starting over again. Newbie sellers have to prove themselve, and the ones who wait a long time to list again are no different than newbies to the bottom line eBay and Paypal see.

 

Having to wait maybe up to 10  days after an item is shipped for the funds to be released is not so bad once you get through the first cycle, but you have to keep selling so not to have another cycle where there are no funds released.

 

I have said this before, and I do hate to repeat myself, but when you have a job outside the home, they do not pay you at the end of each day. Most also do not pay you at the end of that first week. They have to have the time do do the payroll meaning the employees who worked through the week before do not leave with a paycheck. They work that week, and they receive the paycheck the next week. I am sure most of the people here have or have had jobs and they know this to be true. If any of the people here have had a job and were paid the next week for the week before, is this really that much different? Of course it has to be a bit different because at the job, you have put in the hours required to earn that paycheck, so they know it is okay to pay you. Here, we have shipped, but there is no proof it is what they bought or of the quality they thought. Unfortunately it is the bad sellers who did buyers wrong and left owing Paypal that caused this, but they are being weeded out. We have to prove ourselves unfortunately because of 'bad seeds'. If you were responsible for paying all buyers on eBay who never received their item and the seller had no funds in Paypal and a closed checking account, wouldn't you take steps to try to avoid this? Would you want to pay what someone else owed?

 

Yes, there are going to be buyers who will take advantage of this, so what's new?? The email that came from eBay yesterday stated that buyers will be watched, and the return policy is not intended for 'buyers' remorse'. Yes, we will have to deal with those who claim they are not, but doesn't that happen in everyday life in stores across the world?

 

It is what it is, and if all of the unhappy sellers would go to the thread (that is intended to be a positive, helpful information forum) that starts with ANSWER.....PAYPAL_ANDY, you will see what he has put in black and white for all to see. People, including myself, do not like the different answers received from different Paypal employees, so I am discounting the one I have talked to on the phone, because there are varied answers depending on who you speak to. I do not think that Andy is going to post something here for Paypal to see at any time they wish if it were not the truth and the way it is.

 

 

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