After 17 years with 100% ebay feedback, no charge backs , using a business identification number with bank account verified , charge card current and linked to account. I got hit with a reserve limit and NO ONE after 7 customer reps and supposedly 2 of them escalated supervisors, can answer why or even tell me were they concocted the reserve hold amount. For a $16.00 item i sell they need $756.05 in a reserve IN CASE OF a charge back, Seriously? When I physically call they say how new customers can be hit with this and tell me to read all the issues of what causes this . NONE applies to our account. Been here for 17 years. Still waiting on the email's they were going to send me the next day. 3 times at least and none ever received. Cant close the account because my hold is locked up even though the balance is only 28.00,its been sitting there for over 2 months since I quit accepting payments. It will be the last 28.00 they ever handle for us. I don't get it. One of the reps said Paypal is not a bank?? Why do i receive adds for business loans from Paypal to my physical address? How can PayPal lock up ones money if they are not a bank? I used and suggest PayPal for 17 years, NEVER had a issue than a few months ago this pops up and no one can resolve it or even answer it, without resorting to sending me to the list of items that do not relate to this. I heard all the horror story's for years but now believe them.
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