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!

[drawusadotcom]

I am a newbie and just read there is a 21 day hold on money for new people. Is that correct? I have a customer who wants to send me a $1,000 deposit. I was going to use my new account, but not if this is true. Thanks

[RottnDogue]

It's true, and they are crazy.  I am not going to use them anymore I have signed up to use moneybookers and Amazon payment.  10 + Years and over 500 transactions without even 1 incident and they want to hold my money for 21 days?

[temp0109131102]

Papal needs to stop its retarded actions and stop dealing with people like thieves before people stop using such stealership agency,people already using google check out and other because of such retarded actions.

paypal stop acting like thieves and release my money and people's money.

[techknowredneck]

I agree 100%.

Just imagine going to your bank and they tell you there is a 21 day hold on your money and you can't withdraw it!!!

I am flaming angry over this subject.

Because an item was broken during shipment and I provided a full refund I now have to wait 21 days for funds.

THIS MEANS THAT I HAVE TO PAY FOR SHIPPING OUT OF MY PERSONAL BANK ACCOUNT BEFORE THOSE HELD FUNDS ARE RELEASED!!!!!

I am going to pull the rest of my ebay listings and not list anymore until the 21 days elapse and I get my freaking money.

I wonder what brilliant excel jockey decided on this course of action at paypal/ebay.  I would suggest that it slows down the amount people sell because they are waiting for funds to clear a extremely long 21 day holding period before having the funds in their paypal account to ship without fronting the shipping cost.

The most important thing I want to know is, how much money is paypal making on interest on the millions of dollars they are holding from paying customers for the 21 day hold.    That is what it is truly about.  They are making interest on the money they are holding from us and then charging us a fee on top of that!!!!

I'm calling every politician I can find tomorrow because I don't understand why paypal can do things that a bank can not legally do.  Seems pretty fishy to me!!!!!!

[techknowredneck]

and why is it 21 days?

Why not 30 days?

Why not hold money for 6 months?

Is 21 days the maximum amount allowed by law?

I shipped everything with tracking and it shows delivered, yet they are keeping my money and drawing interest on it while I am waiting.

[temp_091311]

no wonder  paybay   feels they can **bleep** anyone withiout reprocussions  , ive read page after page of complaints ,  but weres are all the people posting  the actions  against paybay  / e-pal   (there one and the same only different on paper)

before even coming here i imeadiatly  ended all my auctions   im a 107 feedback 100%  member since 08   and i dont  appriciate being treated like a scumbag hustler

paypal/ebay   aka paybay can hide behind there policies all they want  ,  any financial instutution like banks cc,s etc ... have strict policies as such   that they choose when and who  enforce them on  ,  there there to protect them from new or abusive  account holders    not  used on trusted long term acount holders ,with impeccable records  , if they did they  would lose thier steady proven acounts the backbone of their institution 

   that is the real reason they made it  impossible to use ebay without paypal  ,  to put us in between a rock and a hard spot   the only way to combat this is to cancel all active listings in mass numbers    

ill start with 11 cancelled today   ,    lets see if we can  get together to make it a few thousand in the next few days  ,  cancel them and list it here  , 

  they see it beleive me there trolling this forum 24/7

[redpower]

Your post is funny, even once you get past  the lack of spell check.

[I3ongwat3r]

Were is dat spill chek buttn

[hummzz]

All you have to do is call them and threaten to move your business elsewhere. They held my funds for the first time after 1 yr of 100% feedbacks and no complaints. I called them **bleep** near cussed them out and the quickly released my funds the next day after "reviewing" my record. LOL...WEAK at best! 

[angiegilman]

Altought the 21 day hold policy states "If you print labels and pay for shipping through PayPal or eBay, the cost of shipping will be released from your pending balance shortly after purchase. Printing labels on eBay and PayPal is free. You're charged only the cost of shipping."  BUT PAYPAL HAS NOT BEEN RELEASING THE FUNDS FOR ME TO BUY POSTAGE. 

I tried sending emails to paypal but each time I clicked  to send the email I get response saying that some information is missing so I don't even know the emails actually reach someone at Paypal.  At the same time when I called Paypal for this problem they said to keep calling them when I need the funds release to buy postage.   I don't mind to get my money 21 days later, not so much anyway, I will get my money sooner or later, but I hate, I hate, and I hate when they keep withdrawing small amounts like $1.75, $2.25... for postage and forcing me to reconcile paypal account against bank account.  Moreover when Paypal and Ebay do not correct their system failure it is OK and don't comply to their own policy but they can impsoe any kinds of restrictions on me whenever they see fit and yet I have no recourse or energy to keep writing to them without knowing the email actually reaches someone at the other end or put on hold and listen to the same blah blah blah on the phone that do not end in any resolutions.  So So Frustrating!!!