PayPal Community

gearhed78 · ‎Dec-15-2009

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!

femsol · ‎Feb-16-2010

@Profits wrote:
I can't believe any attorney would even be willing to give you the time of day. I also can't believe you'd be willing to retain an attorney over such a trivial situation. You're a fool. And about this "Paypal has already broken 7 things" nonsense; what does that even mean? Paypal does thousands of transactions per day. If the total number of Paypal's problems for the lifetime of the company amounts to 7 for chargebacks, complaints, disputes, and fraud, that's a pretty solid number by anyone's standards.

I'm pretty sure that both the attorney general and your attorney have better things to be doing with their time than being concerned about a 21 day hold on funds transferred to your Paypal account.

Good luck, you're going to need it.

Profits, I see you are new to these 103 pages of posts--did paypal send you to replace Paul. I agree with djten--you might want to enlighten yourself to read some of the previous posts.

I love that you think no attorney would be interested in this case?? You obviously have no idea.

I shall post again a response I made several days ago

"Re: HORRIBLE IDEA TO HOLD FUNDS FOR 21 DAYS!!!

02-13-2010 05:50 PM

I was getting ready to close down my laptop for the night when I remembered I wanted to read another article on Snopes:

FOR ALL OF THE POSTERS THAT THINK A CLASS ACTION IS A JOKE--CHECK OUT THIS LINK:

http://www.snopes.com/inboxer/nothing/paypal.asp

Apparently eBay/Paypal have held funds before. This class action suit was filed in 2002 and Ebay settled out of court admitting no wrong doing for the tidy sum of a 9.25 million dollars and 3.4 million to pay the attorney's fees and costs.

Again sign up for letssuepaypal.com and get this going!"

So Profits, say what you will there are plenty of attorneys who would be more than willing to take this case and they even have a stronger reason as precedent has been set by the prior class action law suit.

Additionally pay attention to the news and the financial reports to help you out here or try this novel idea and actually read some of the entries on this forum before pronoucing that any postitive actions we take that Bay/Paypal won't care. I check this link throughout the day. http://www.techinvestornews.com/eBay/page-one.html

FYI, last week LouisVuitton won a case for the second time against eBay and the Banking authorities in India have stopped PayPal from conducting buisness in India for failure to comply with India's monetary laws and regulations.

The support in this forum has been good but every now and then we get a know it all like you who just wants to spread negativity. Post again when you have something substantive to contribute.

Oh and some news I just read is that Google is recruiting a top executive from eBay--google checkout is already doing a good business thanks to PayPal's hold policy.

http://latimesblogs.latimes.com/technology/2010/02/google-ebay-tilenius.html

jcazie · ‎Feb-15-2010

No I just had this happen to me! I am stunned and shocked. That is my money and I will refund the money to my customer and explain to my customer in detail why I have decided not to except payments this way. I am Paypal's customer and they are not business in a fair way. I will refund money!

dawn9396 · ‎Feb-15-2010

Yeah Fortuneatly sorry spelling. My Musical instrument made it to the buyer and he called me up on phone! And all was ok, BBBBUUUUUTTTTT Hmmm Paypal takes there money out of that FIRST, Ya Owe Ebay for the Seller Fee! Now lets see. lets say 50 bucks shipping! Ya count on that money to be in PayPal so at least ya can ship it, your item! Well 50 dollar shipping all together cost me 130.00 bucks Cause shipped a very nice musical instrument, Then went to UPS and had to pay shipping , Plus i put extended insurance on it ! Plus travel, everything else! Our own pocket! Well at least if the people can take there money out first! Paypal. thats all that matters. I at least depended on shipping , cause like i said. Very nice Musical instrument, dont want that bumped all over the place! I can have the item shipped. I had to talk to the people in Massachussettes who bought the instrument, day by day. Now more buyer protection program! What about us people that Sell. I sell from time to time. Nice Musical instrument. What happens , they get it, mess it up, or etc... And Either dont give me a positive feedback, or, hey when i got it it was messed up! I Take pics and vids of everything i sell now here, cause i have backup! How it was sold and sent and everything! My Only Backup! Seller ! Well thats all i have to say!

DIANN · ‎Feb-17-2010

I BELIEVE THAT YOU DID THE RIGHT THING. MAYBE, IF MORE PEOPLE WENT THE EXTRA STEP, THINGS WOULD START TO HAPPEN. THE ATTORNEY GENERAL SHOULD GET INVOLVED WHEN SO MANY PEOPLE ARE GETTING RIPPED OFF. THAT IS HIS JOB

DJDoubleXL · ‎Dec-29-2009

As the victim of a scam on Ebay, I think it's perfectly fit that funds are held. I still have no resolution, but hopefully, if this works out i get my money back, since I never got the item.

If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item.

This is business. Large or small, people often have up to a 30-day waiting period for services/products rendered. There's no reason any of you should be any different. If it was a more perfect world, there wouldn't be scammers, and this wouldn't be necessary to protect the BUYERS...you know, the people who help you make money. If you're at all serious about selling your item and protecting yourself, you'd know this is the way to do things in the real world...if not...go to craigslist.

StealingMoney · ‎Dec-29-2009

@DJDoubleXL wrote:
As the victim of a scam on Ebay, I think it's perfectly fit that funds are held. I still have no resolution, but hopefully, if this works out i get my money back, since I never got the item.

If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item.

This is business. Large or small, people often have up to a 30-day waiting period for services/products rendered. There's no reason any of you should be any different. If it was a more perfect world, there wouldn't be scammers, and this wouldn't be necessary to protect the BUYERS...you know, the people who help you make money. If you're at all serious about selling your item and protecting yourself, you'd know this is the way to do things in the real world...if not...go to craigslist.

i dont know of any company that will wait 30 days for you to pay for an item will FORD GM CHRYSLER or any other car dealer wait for their money and let you drive off the lot for a 30 day test ride no they want their money before the car leaves the lot and if you do buy the car can you return it for your money back in 45 days like paypal does no you cant

same with any other company you pay sears for a washer dryer they deliver it but before they deliver it you need to pay them do you not. same thing here i dont have access to the cash to ship you arent going to get your item i dont use paypal anymore i refuse paypal on the few ebay auctions i have left its check or money order thats all since they feel they can do this they make a **bleep** load of interest off the money they hold check out by where your balance is listed it tells you the yield they are making the world doesnt work this way its cash and carry

"If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item"

this line is a load of **bleep** too companys/sellers shouldnt have to pay for shipping an item you bought you want it sent to you you are going to have to pay to have it sent .same deal as above you buy a car of the net and it has to be shipped to you you are going to pay for it the dealer or seller isnt going to do that

I was selling on ebay to make some extra money for christmas which got ruined thanks to ebay/paypal who seized my account do to me issuing some refunds yea bad business ethics refunding people money thats how paypal saw it

i dont have money falling out of my **bleep** but i do ok and depending on the item i was selling depended if i shipped the item out or not if it was a laptop or computer part i didn't ship out of my pocket since it would require insurance and special static wrap to keep from damaging it i'm not putting 10-20 dollars out to mail you your item that is why you paid the shipping in the first place is it not. business wants to make money not break even if i was breaking even i wouldn't have sold on ebay ,but ebay and paypal have increased their fees requiring me to say to **bleep** with free shipping or shipping out of my own pocket

i get fees for listing an item get charged for lising multiple pictures lets not forget about charged for opening a store then i get final value fees for selling said item then paypal comes in with no lube and **bleep**s you again when does enough become enough by the time scrooge and ebay get through pounding your **bleep** you made a few bucks on your item if you were lucky if you were having a good month then you were unlucky because scrooge and ebay freeze your account due to suspicious activity

and have no fear about your money being returned to you your the buyer paypal always gives the buyer anything he wants even if you were in the wrong or the scammer

DIANN · ‎Feb-17-2010

IT TOOK 2 MONTHS FOR PAYPAL TO GET MY MONEY BACK ON 2 ITEMS I NEVER RECEIVED. BOTH FROM THE SAME SELLER. SHE'S STILL SELLING ON EBAY.

oceansdust · ‎Jun-10-2010

@StealingMoney wrote:

@DJDoubleXL wrote:
As the victim of a scam on Ebay, I think it's perfectly fit that funds are held. I still have no resolution, but hopefully, if this works out i get my money back, since I never got the item.

If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item.

This is business. Large or small, people often have up to a 30-day waiting period for services/products rendered. There's no reason any of you should be any different. If it was a more perfect world, there wouldn't be scammers, and this wouldn't be necessary to protect the BUYERS...you know, the people who help you make money. If you're at all serious about selling your item and protecting yourself, you'd know this is the way to do things in the real world...if not...go to craigslist.

i dont know of any company that will wait 30 days for you to pay for an item will FORD GM CHRYSLER or any other car dealer wait for their money and let you drive off the lot for a 30 day test ride no they want their money before the car leaves the lot and if you do buy the car can you return it for your money back in 45 days like paypal does no you cant

same with any other company you pay sears for a washer dryer they deliver it but before they deliver it you need to pay them do you not. same thing here i dont have access to the cash to ship you arent going to get your item i dont use paypal anymore i refuse paypal on the few ebay auctions i have left its check or money order thats all since they feel they can do this they make a **bleep** load of interest off the money they hold check out by where your balance is listed it tells you the yield they are making the world doesnt work this way its cash and carry

"If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item"

this line is a load of **bleep** too companys/sellers shouldnt have to pay for shipping an item you bought you want it sent to you you are going to have to pay to have it sent .same deal as above you buy a car of the net and it has to be shipped to you you are going to pay for it the dealer or seller isnt going to do that
I was selling on ebay to make some extra money for christmas which got ruined thanks to ebay/paypal who seized my account do to me issuing some refunds yea bad business ethics refunding people money thats how paypal saw it
i dont have money falling out of my **bleep** but i do ok and depending on the item i was selling depended if i shipped the item out or not if it was a laptop or computer part i didn't ship out of my pocket since it would require insurance and special static wrap to keep from damaging it i'm not putting 10-20 dollars out to mail you your item that is why you paid the shipping in the first place is it not. business wants to make money not break even if i was breaking even i wouldn't have sold on ebay ,but ebay and paypal have increased their fees requiring me to say to **bleep** with free shipping or shipping out of my own pocket
i get fees for listing an item get charged for lising multiple pictures lets not forget about charged for opening a store then i get final value fees for selling said item then paypal comes in with no lube and **bleep**s you again when does enough become enough by the time scrooge and ebay get through pounding your **bleep** you made a few bucks on your item if you were lucky if you were having a good month then you were unlucky because scrooge and ebay freeze your account due to suspicious activity
and have no fear about your money being returned to you your the buyer paypal always gives the buyer anything he wants even if you were in the wrong or the scammer

Paypal does not give the buyer everything they want, sellers have won payal disputes as well. A seller is not going to always win a paypal dispute nor is Paypal and get to keep the money if they have no proof that the buyer received the item.

There is a simple solution for sellers to get their funds released quickly if Paypal is holding them, ship the item and give Paypal the tracking number. Paypal is holding it to protect their themselves. Some sellers used to take the money out but the buyer didn't receive the item and the they couldn't get their money back if there where no funds in the sellers accounts. However if they paid by credit card, they could do a chargeback which came out of Paypal's pocket.

Paypal is not only going to protect sellers, They need to be protected as well. The same with buyers, not many buyers is just going to give over their money to a total stranger online without protection, it's just not going to happen. I'm both a seller and a buyer on Ebay but as a buyer, I would go elsewhere if I had no protection. I have been fortunate that the majority of my buying experience including the ones where I didn't receive the item was been with wonderful sellers but I have been scammed twice, the first time losing a $100.00. If a seller doesn't like that Paypal protection doesn't only apply to sellers, they should only offer local pickup.

21DayHoldIsBS · ‎Jun-10-2010

Only a MORON (and Buyers!) think Sellers selling on approval (what it amounts to!) is a "good" thing. I'm NOT PAYING PayPal for the "privilege" to ship MY Merchandise UNPAID (if it's not CASH in MY HAND it ISN'T PAID FOR) AT MY EXPENSE TO SOME AZZHOLE WHO *MIGHT* PAY ME....

BOTTOM LINE, THERE IS *NO* UPSIDE FOR THE SELLER IN THIS SCENARIO--THEY DON'T HAVE THEIR MERCHANDISE, THEY DON'T HAVE THEIR MONEY AND THEY'RE EVEN OUT THE F_CKING POSTAGE.

AND THEY GET TO SIT AND WAIT AT THE BUYER'S CONVENIENCE TO PICK UP THEIR MAIL (THEY'RE IN NO RUSH--THEY KNOW THE SELLER IS WAITING SO MANY BUYERS DRAG THEIR FEET PICKING UP PACKAGES. IT'S A POWER TRIP THING--THE BUYER *KNOWS* THEY HAVE THE SELLER OVER A BARREL AND THE BUYER IS JUST GONNA TAKE HIS/HER SWEET TIME GETTING THE PACKAGE AND THEN EXAMINING THE MERCHANDISE WITH A MICROSCOPE *HOPING* AND *PRAYING* FOR THE SMALLEST FLAW SO THEY CAN SCREAM THAT THEY ARE "VICTIMS" AND HOW THEY'VE BEEN "F_CKED OVER".

BOTTOM LINE, F-CK THESE ABUSIVE BUYERS AND F_CK PAYPAL--UNLESS THEY GET RID OF THIS 21 DAY BULLS_IT I'M DONE WITH THEM

----

WE KNOW WHO THIS GUY BELOW VOTED FOR--THE "GREAT" "LEADER" WE HAVE NOW 😉 LOL

---

DJDoubleXL wrote:--

As the victim of a scam on Ebay, I think it's perfectly fit that funds are held. I still have no resolution, but hopefully, if this works out i get my money back, since I never got the item.

If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item.

This is business. Large or small, people often have up to a 30-day waiting period for services/products rendered. There's no reason any of you should be any different. If it was a more perfect world, there wouldn't be scammers, and this wouldn't be necessary to protect the BUYERS...you know, the people who help you make money. If you're at all serious about selling your item and protecting yourself, you'd know this is the way to do things in the real world...if not...go to craigslist.

fjp800 · ‎Jun-10-2010

@oceansdust wrote:
@StealingMoney wrote:

@DJDoubleXL wrote:
As the victim of a scam on Ebay, I think it's perfectly fit that funds are held. I still have no resolution, but hopefully, if this works out i get my money back, since I never got the item.

If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item.

This is business. Large or small, people often have up to a 30-day waiting period for services/products rendered. There's no reason any of you should be any different. If it was a more perfect world, there wouldn't be scammers, and this wouldn't be necessary to protect the BUYERS...you know, the people who help you make money. If you're at all serious about selling your item and protecting yourself, you'd know this is the way to do things in the real world...if not...go to craigslist.

i dont know of any company that will wait 30 days for you to pay for an item will FORD GM CHRYSLER or any other car dealer wait for their money and let you drive off the lot for a 30 day test ride no they want their money before the car leaves the lot and if you do buy the car can you return it for your money back in 45 days like paypal does no you cant

same with any other company you pay sears for a washer dryer they deliver it but before they deliver it you need to pay them do you not. same thing here i dont have access to the cash to ship you arent going to get your item i dont use paypal anymore i refuse paypal on the few ebay auctions i have left its check or money order thats all since they feel they can do this they make a **bleep** load of interest off the money they hold check out by where your balance is listed it tells you the yield they are making the world doesnt work this way its cash and carry

"If you can't afford to spend your own dime on shipping on money that you'll get back eventually, you shouldn't be paying for an internet connection...or the digital camera you bought to take the pictures of that item"

this line is a load of **bleep** too companys/sellers shouldnt have to pay for shipping an item you bought you want it sent to you you are going to have to pay to have it sent .same deal as above you buy a car of the net and it has to be shipped to you you are going to pay for it the dealer or seller isnt going to do that
I was selling on ebay to make some extra money for christmas which got ruined thanks to ebay/paypal who seized my account do to me issuing some refunds yea bad business ethics refunding people money thats how paypal saw it
i dont have money falling out of my **bleep** but i do ok and depending on the item i was selling depended if i shipped the item out or not if it was a laptop or computer part i didn't ship out of my pocket since it would require insurance and special static wrap to keep from damaging it i'm not putting 10-20 dollars out to mail you your item that is why you paid the shipping in the first place is it not. business wants to make money not break even if i was breaking even i wouldn't have sold on ebay ,but ebay and paypal have increased their fees requiring me to say to **bleep** with free shipping or shipping out of my own pocket
i get fees for listing an item get charged for lising multiple pictures lets not forget about charged for opening a store then i get final value fees for selling said item then paypal comes in with no lube and **bleep**s you again when does enough become enough by the time scrooge and ebay get through pounding your **bleep** you made a few bucks on your item if you were lucky if you were having a good month then you were unlucky because scrooge and ebay freeze your account due to suspicious activity
and have no fear about your money being returned to you your the buyer paypal always gives the buyer anything he wants even if you were in the wrong or the scammer

Paypal does not give the buyer everything they want, sellers have won payal disputes as well. A seller is not going to always win a paypal dispute nor is Paypal and get to keep the money if they have no proof that the buyer received the item.

There is a simple solution for sellers to get their funds released quickly if Paypal is holding them, ship the item and give Paypal the tracking number. Paypal is holding it to protect their themselves. Some sellers used to take the money out but the buyer didn't receive the item and the they couldn't get their money back if there where no funds in the sellers accounts. However if they paid by credit card, they could do a chargeback which came out of Paypal's pocket.

Paypal is not only going to protect sellers, They need to be protected as well. The same with buyers, not many buyers is just going to give over their money to a total stranger online without protection, it's just not going to happen. I'm both a seller and a buyer on Ebay but as a buyer, I would go elsewhere if I had no protection. I have been fortunate that the majority of my buying experience including the ones where I didn't receive the item was been with wonderful sellers but I have been scammed twice, the first time losing a $100.00. If a seller doesn't like that Paypal protection doesn't only apply to sellers, they should only offer local pickup.
I am replying to

"There is a simple solution for sellers to get their funds released quickly if Paypal is holding them, ship the item and give Paypal the tracking number. Paypal is holding it to protect their themselves. Some sellers used to take the money out but the buyer didn't receive the item and the they couldn't get their money back if there where no funds in the sellers accounts. However if they paid by credit card, they could do a chargeback which came out of Paypal's pocket."

Even after seller supplies a tracking number, he has to wait unitl the item is delivered AND THEN WAIT AN ADDITIONAL THREE DAYS, after delivery, TO RECEIVE PAYMENT... Tell me how this is fair????? Know this, that this has nothing to do with protecting the buyers... The longer PayPal hold the funds, the more profit that have.... One last thing, I always send items with a tracking number.(In the past I had number of bad apple buyers who "claimed" that the did not receive their item.. However, the tracking option costs money... Which I do anyway, but not all sellers sell their item/s with enough profit to add on a tracking number... Why not just proof of mailing (The receipt from the post office).. If the item gets lost... It is not the seller who should be held accountable... It is the post office.. Prehaps, PayPal should make it mandatory for buyers to PAY for insurance??? How about it? Protect the Buyers, but have them pay for it!... Just a thought..

PayPal Community

HORRIBLE IDEA TO HOLD FUNDS FOR 21 DAYS!!!

Haven't Found your Answer?