HORRIBLE IDEA TO HOLD FUNDS FOR 21 DAYS!!!

[gearhed78]

  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!

[Winona]

I have been waiting 7 days since buyer got there item delivered... But they have not left feedback so I think that is why my funds still pending...**bleep**.... People get tiems all the time and never leave feedback so just because of that I don't get paid for 21 days??? ridiculous...Doesn't make sense they buy it, pay for it, Paypal takes there cut right away, but we got to wait for the balance, sounds dumb to me...Not a Happy PayPal Member....

[gsollars]

I won't waste time repeating what others have written.  But I will begin to look for other options than PayPal.  Why should PayPal arbitrarily get a 21 day float on my money?  **bleep** you.

[surplusdealdude]

Talk to your bank about setting up merchant banking.

THIS TIME, READ THE FINE PRINT.  You'll find that the banks withold money as well.

[gsollars]

Yea, but not for 21 days.  Nor do they make their release of MY money dependent on someone else giving me "positive" feedback!  Again, **bleep** you.

[LSPP]

Maybe we should all go to the local Wal-Mart, take what we want, tell them we'll pay them (maybe in 21 days, maybe in 6 months) after we try it, us it, maybe break it! After all, the largest online payment processor PAYPAL allows it, so it must be the right thing to do?

[mvskipper]

After years of using paypal & having a 100% feedback, they have now anounced they will hold funds for 21 days, this is robbery. I will not be receiving funds for anything else I sell throuhgh Paypal ever again...I see this as stealing my money

[profdata]

Funds are usually released with 72 hours of the D/C showing delivery OR the buyer leaves feedback.

This policy was announced 2 years ago

[photoqueen]

I agree that the fund holding is horrible. It claims to "protect us all". Bah. It protects the buyer, and not us. Why is that? Paypal I swear is the worst for payments via paypal.com.  I hate that they do this, and do it randomly.  I do believe that there is something against the law on this, and I am having it researched.  Not even checks at a bank are held that long.....

[seanandlarue]

They did same thing to me and I have never had a buyer dispute or anything and I have 100 % positive feedback, they just keep getting worse and if I can find another site that offers merchant services then thats what I am going to do. I called and they could not give me a descent answer to why they did it, it is garbage that I have to send items before funds are released to me.

[blueberry83]

yes!!!! i am having the same issue and i cant find out the real reason y it was held up in the first place! They r stealing our money!! it is not fair! i do not have a case open! i have 100% feedback! and i always track items when shipped! the reasons they say is possiable, i dont fall into any of them!!!!!! I WANT MY MONEY! FOR THE ITEMS THAT I SOLD THAT BELONGED TO ME! THAT NOW BELONG TO SOMEONE ELSE AND PAYPAL HAS MY **bleep** MONEY FOR AND WONT RELEASE IT!