@thestuffyoulove wrote:Hmmm, so I had way over $1000 pending release, and Paypal charges my bank account for shipping on orders that they are holding funds for. I wonder if Paypal would cover any overdraft charges caused by this, ummm, "buyer protection" policy? I personally think that Paypal should use the funds that the buyer sent 'in good faith' to pay for shipping the order!
I ship way too many orders to keep track of which funds have been released, and which are still held after confirmation shows the package was delivered. I've pretty much been reduced to begging for feedback from my buyers. We all know that only about 20% of buyers actually take the time to leave feedback, and counting on the order showing as "delivered" is spotty at best.
I've been selling since 2001, have almost 13,000 feedbacks...100% positive. I think this should qualify for a funds hold release. Has anybody even had the 21-day hold lifted? It clearly states that all accounts will be reviewed. I use my Paypal account to re-order supplies. Now it's VERY difficult to keep some items in stock 😞 It's killing me!
Has anybody ever used Moneybookers, ProPay, or PayMate with success?
I have had the hold on my funds lifted, but I don't sell hundreds of items at a time. It was suggested by Paypal_Andy, a moderator here, to keep some of your shipping funds (in your case since you have so many transactions, it would just be keeping some of the money in Paypal to pay for the next shipments so not to come from your back up funding)
Moneybookers gives you 50% and holds the balance for 6 months or as they put it 180 days. ProPay, for the amount of business you do, cost $79.95, and when I saw that, I went no further. I do not know if they have a hold. Paymate, from my understanding, also has a hold. I believe eBay allows (you will have to check) you to use a merchant account which you can go to your bank and open. For those with not the best of credit, there are merchant accounts online for 29.95 a month and a percentage that is not so bad. They also add a gateway fee, and I can't remember that amount. I believe that is all that they charge, but it still takes about 5 days for the monies to be deposited into your checking account.
Good luck with whatever you find works for you. I can see how dealing with so many orders can become confusing, and it is entirely possible that it will take longer for holds with many transactions to be lifted. But, even with that said, if the holds are lifted, they can come back. This was stated by a moderator here. The sheer volume of your transactions may be the reason you still have the hold.
Just because I understand why they are doing this does not mean I really like it. I understand it has hurt a lot of sellers who don't have the money to ship items. It has affected me in my selling income. I cannot ship furniture that will not go by UPS or FedEx and have the shipping released because I can't print the label with a tracking number through Paypal. Thus, I am losing hundreds of dollars each month because I do not have the extra $150 - $ 250 shipping I would not have released until the receipt of the furniture by the customer. So, although I am called names by another here for being pro-Paypal, that is not necessarily the case. I just understand and you can't argue with logic. After all, the economy has affected everything, and Paypal is not immune. I think we would all agree it would be worse if they went bankrupt and were out of business, right? At least we have the choice now of accepting it as it is or having to find another way to accept money, and as long as it is by selling on eBay, it has to be one of those they allow. Paypal, and of course this makes sense for eBay, is still the best choice from what they allow.
The link that one of the sellers posted regarding Paypal and eBay is where I got the information that Paypal carries eBay, so Paypal can't afford to bleed money, the best way I can describe it when sellers who never intend to deliver could take their payment directly out of Paypal to their back up funding checking and then remove that leaving Paypal to fund the chargeback. Too much of this, if steps are not taken, can close a company if they do not do something to fix it, and this is what they did to be sure they were not going to be the ones paying the debts of the malicious sellers on here. Have you paid attention enough to notice sellers who had been on here for years with no negatives and then at the end of their selling, there may be a whole page of negatives for not shipping? Guess where the money to pay those buyers came from? Not from that seller who is no longer a registered member ! And, these were at one time good sellers. Some come on here with never an intention of shipping to anyone but merely to collect the money and leave.
If you owned Paypal, wouldn't you make sure you had that covered if you were losing money left and right? especially if you are the major breadwinner of Paypal and eBay?
Yes, my posts are long, but they are not empty words. Hopefully this is insightful enough to help some realize we really don't have it so bad, that this is something that Paypal had to do to stay afloat to keep eBay afloat (without borrowing from China 
) Oops! guess that may not be an option anymore !
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