According to Paypal, they hold for 21 days, OR a positive feedback from the buyer, OR 3 days after confirmed shipment recieved. I have found this untrue. Their explainations are not clear, just we put a hold on your account. As a ground store merchant that has just began operating on E-bay, I was told that holding funds is natural for money accounts. Firts, this is untrue. I recieve all debit payments and cash payments same day. This money goes into my bank account next business day. My credit card reciepts are returned into my merchant account (NOT Paypal related) within 48 hours and my business has access to these funds within 10 days. I had just sold another item on e-bay, recieved positive feedback, buyer recieved product, and guess what, my funds are still on pending. This practice is unethical, and after talking to the attorney general in my state, also illegal to hold funds. This action is similar to rendering services and cancaling check. When transfering funds from my business account to my personal account, it takes 1 business day, when transfering funds from pay pal to personal account, it takes up to a week. After this, I will not do business through paypal until they change their policies, and have refused to accept their payments at my ground based store.
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