PayPal Community

PayPal does not have the legal authority or the right to hold people's money until there is a dispute or until after 21 days. The number of days to file a dispute is 45 days after the seller receives the payment and before the buyer receives the product. Then if something goes wrong, the buyer would have until 45 days to file a dispute, not 21 days while PayPal holds the money.   I feel sorry for PayPal, but believe me or not, PayPal have to have the legal authority to do that. And unless they have the legal authority to hold funds for 21 days for any reasons, it's illegal and can end up with lawsuits and challenges in the Court. The Government have to agree to pass the law to allow PayPal to hold funds, which is not going to happen. ... View more

PayPal does not have the legal authority or the right to hold people's money until there is a dispute or until 21 days has passed. PayPal do have a right to change the policys based on how many days it take for someone to file a dispute which  is up to 45 days after he receive the product after the buyer received the payments, not 21 days while PayPal holds the money. ... View more

I think it's illegal for PayPal to hold someone else money like you because they do not have the legal authority to do that unless the Government change the law to allow that. ... View more

You will never make good money on eBay. When you sell anything on eBay, you have to let eBay do this for you, they will not let you do it yourself. This means you will be paying a listing fee to eBay so they will list it for you, and you will be paying a final value fee, if the product sells, to eBay so they can submit the payments to your PayPal account for you. It's all automatic and that's how eBay makes money. It's big business and it's waste of time and money altogether. It's more like having someone to do a website for you which will cost you money instead of doing it yourself which doesn't cost anything. The only different you would be paying for is the hosting service and the templates. The shopping carts are free. And In addition, you need a real merchant account, not just PayPal, so your company's name will appear on credit card statements when customers order anything from you using their bank credit card. Morever, you would receive it straight to your business bank, and you should always have that money in the bank before you ship the items so you can make an invoice to confirmed that the product was paid for. Never, ever, EVER ship anything to anyone before you have the money in your business bank account. And PayPal have no reasons to hold your fund for 21 days because even if you receive the payment straight to you, you ship the product, and then if something goes wrong with the product, they have a right to file a dispute within 45 days, so it doesn't make any difference.   Personally, I think it's illegal for PayPal to hold funds for 21 days because they do not have the legal authority to hold your money unless Congress pass the law or the Supreme Court allows that. ... View more

I agree with you. PayPal have a right to change the policy regarding how many days one can file a dispute, and so far, you have until 45 days to do that. However, I think PayPal do not have the legal authority or the right to hold your money for any reasons. This can be illegal and they will get in trouble with the Federal Government. ... View more

PayPal have no reasons to hold your fund for 21 days because even if you receive the payment straight to you, you ship the product, and then if something goes wrong with that product, they have a right to file a dispute within 45 days, so it doesn't make any difference.   Personally, I think it's illegal for PayPal to hold funds for 21 days because they do not have the legal authority to do that unless the Federal Government change the law to allow that, and that will not happen. ... View more

I never heard of that. I signed up for PayPal Plus credit card over a month ago. Now, I have no choice but to use it. Until I knew that I can apply for a MasterCard at my bank. I just did, but I don't know how I can cancel PayPal Credit Card, or if this is what I have to do first. Can you or anyone help me on this? ... View more

PayPal is hold payments for 21 days because it had not clear. You must wait 21 days for payments to clear so you can withdraw them to your bank account. Furthermore, as a seller, your customer gives you the money to ship the products to them, they don't give the money to PayPal. Never ships or deliver anything to your customer until the payment clears which will takes 21 days unless there's a dispute or chargeback claim. ... View more

Never ship anything before you get your money first, period. I don't care what the BS policy about the 21 days holding payment is. Why would you let paypal hold your money and then tell you have to ship the item first? Remember that PayPal is not an FDIC, nor is a real merchant account, it is a middleman between the seller and the buyer, more like AOL. When the buyer pay for the product I'm selling, who should get the money first? Me or Paypal? When I get the money, I then create an invoice to confirm the product was paid for, then I ship the product. Don't ever let someone take your product without paying for first. ... View more