PayPal Community

I hope you didn't commit suicide too. ... View more

Call them, you CAN get an actual human. Don't expect a lot though. Their agents have little power to do anything. ... View more

NO THEY CANNOT ALWAYS RESOLVE IT.    I had a Paypal payment of $550 sent to my account. No problem, I figured it would be faster than waiting for a paper check. Unfortunately, I also lost my wallet with my Paypal debit card in it. 7 TO 10 WORKING DAYS TO REPLACE IT give me a break. Ok, not a problem I can just use my Paypal balance to pay for things right?   WROING   I cannot access my money, Paypal tells me that they can't fix it right now but they are AWARE OF IT this is all the money I have. I can' t put gas in my car or EVEN **bleep**ING EAT while PP screws around on a problem that is most likely in house engineered. They have always tried to hold onto money deposited them.   I need my money I AM **bleep**ING HUNGRY AND CAN'T WAIT 2 **bleep** WEEKS TO EAT ... View more

Paypal will not hold your funds for 21 days forever. It is clearly spelled out in ebay/paypals agreement. ($750 in sales, 6 mos or more as a seller and one other thing, I haven't time to look it up and provide a link now). I will begrudgingly admit that this practice does prevent at least some seller scamming on ebay, however, they should still be paying an acceptable rate of interest for the use of these monies like every one else has to.   They could at least throw sellers a bone and offer free money transfers or free listing fees (yes ebay and paypal are the same company now) ... View more

It is a matter of simple economics: millions of $ in transactions per day X 21 days = exponential profits in interest that even the oil barons and carpetbaggers couldn't have even imagined. If you doubt this, try NOT using Pay Pal when selling on ebay./Paypal - they are all owned by the same entity.   If enough sellers and buyers insist that ebay allow competing payment processing companies to complete transactions this 21 day money grab will end. Direct bank transfers are trusted, safe and reliable. ATTN sellers: it is very easy to accept credit card transactions on your ebay sales.Set up an account with your bank or Visa .   Paying even 4% transaction fees are far cheaper than paying a company for the privilage of using YOUR money. The PayEbayPal 'buyer guarantees' are no more than a pr screen for bigger profits. ... View more

Now I expect to see that make the Facebook rounds. Go ahead (hmm might have to check for a 21 day double post policy though):smileylol: ... View more

E-commerce econ 101   Professor Paypal is teaching his fresh faced crop of banking interns: Lets have a peek    - "millions of dollars in "new seller" funds each day X 21 days + 2-3 perhaps 4 days "extra" processing time  calculate at Prime lending rate + or - 2 pts , indexed for inflation and what would we get master Johnnie?"   "Gollee Gee Professor PayPal, if we hold their money that long we're going to go broke just paying the simple interest."   The wise old professor chuckles heartily.   "Silly lad, were not a bank, we're an e-company. We don't pay them interest, We keep it, and ours too. And We'll charge them a transaction fee to do it."   "But won't they all just go to their banks and do same day transfers. Or even just start working directly with Visa small business services to process their own payments and use the interest to build real brick and mortar stores?"   "preposterous. Too boring, hard and besides, we bought all those last week"   Tune in again next week for the exciting launch of DayPal, the easiest way to care for the kids. Simply click the button implanted into your child forehead and caring professional Jr asset handlers will love nuture and hold your children, for 21 glorious days. ... View more

The truth of the matter has little to do with bad sellers, buyers or of people at all.  PayPal's original business model was to profit from the interest earned from funds deposited into their accounts and held for a (formerly) short period of time.    Initially the 'holding period' was pretty short two to three days.  Electronic transactions were/are quicker within the structured Paypal "shell'. Many people, myself included bought, sold and kept a balance in the system. It was convienent and seemed to work smoothly as long as you didn't mind surrenderring the earning potential of your capital to pay for these e-services that banks had yet to fully embrace.   (an interesting excercise is to calculate the millions of dollars of real  income  gained by PayPal and the potential income lost by countless PayPal users leaving small, and large sums of money in an essentially 0 interest account for years.)    However it doesn't  take an investment banker to realize the nearly exponential increase in revenue when plotted against greater holding time. The company has grown into a behemoth, quite impressive given it's humble beginnings. They are adept at creating 'real' money from virtual sources as all banking services are.   I personally dont' like to use the service, but find it inconvienent not to at times. There was a movement ( and government investigation) in Paypals initial year of operation to charge them for the use of money that doesn't actually belong to them and is being (willfully) held  several times longer than should be to cover handling and convienence fees. If enough customers would have insisted on this in the beginning, Paypal would likely be one of thousands of small transaction processors eager to transfer funds through their network in hours instead of what, about a month now?   If there were enough outcry and protests, these questionable (though totally legal, we all clicked on the "agree" button) tactics might change. But preditory financial practices are the norm these days (referring to payday loans not paypal).    It is still posible to transfer funds through traditional banking channels electronically the same day. Most financial institutions can't hold customer funds without paying for the privilage. But, look as I might I just can't seem to find a button on ebay from my credit union. ... View more