Paypal/eBay Hold Funds Policy, BEWARE OF PAYPAL WHILE USING EBAY!

[MoparManJim]

I'm not sure how man of you had received the new so called paypal policy, but I was wondering if you did receive. how do you feel about it? I personally don't like it and think they will be in more trouble with folks now.  

[Brock Lee]

I just looked it up and didn't see anything scary. But I am an old member and likely have been grandfathered on many policies. What did you see that was scary?

[MoparManJim]

I had recived an email from them earlier, went and log in and found a message there as well. 

Here is what the email said

An explanation of payment holds and how they apply to you

Your business is important to us. That's why we're committed to providing a fast and secure payment service to you and your customers while keeping our prices competitive. We're also committed to clearly communicating changes to our policies and procedures. So, we're writing to let you know about a change to your PayPal account.

From now on, payments you receive will be temporarily held in a pending balance. This pending balance helps make sure that you'll have enough money in your account to cover any buyer claims.

Payments will be held in a pending balance for up to 21 days. For example, if you receive a $100 payment (after fees), the $100 will be held in a pending balance for up to 21 days. After 21 days, the money will be available for withdrawal.
The money may be released sooner if:

   1. We can confirm that the item was delivered
   2. Your buyer leaves positive feedback. (Applies only to eBay items.)

We know this is a change in the way we do business with you and we hope you understand that you haven't done anything wrong. In deciding whether to apply payment holds, we review many factors including transaction activity, business type, and customer disputes.

Payment holds are often applied to new sellers who don't have a lot of transaction history, sellers in traditionally high risk industries (for example, travel or tickets), or sellers who've had a high number of claims filed against them.

If you're a PayPal Money Market Fund customer, you'll continue to earn interest on the total balance while your money is held.

To learn more about this policy change, please read our latest funds availability policy

We appreciate your business and look forward to a continued partnership. Don't hesitate to contact us with any questions.
Thanks,

PayPal

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page.

To receive email notifications in plain text instead of HTML, update your preferences.



PayPal Email ID PP1529

I just spent oh say a hour on there forum in one thread that is 8 pages long and people are bitching about there payments from buyers on ebay being hold for a very long period of time.   

Here is what my note said

Important message about your account. From now on, money you receive will be temporarily held in a pending balance. To learn more, please read our funds availability policy

So I guess I'm not the only one, and I guess folks are having it more worst as they can't even get there payments as they are all being hold.. some said there's has been hold fora very long time. There was also people over there talking about how they met the policy (the new so called one) and yet there funds are still in "Hold" status way over the the time frame. 

I haven't recive any funds afew I gotten the email from paypal, but I have a good reason that if I do that mine will be "hold" as well. 

So for the time being, anything that I sell, I will request a postal money order as i don't don't have the time to play there game.. and I don't think I will be selling on ebay for alittle while either until this crap is over. 

[elacruze]

I understand, and I approve, even though I seriously don't like it.

First, if you've been using ebay for a long time (5yrs +) I'm sure you've noticed the change in the average seller. Honesty, integrity and service are much less common. Lots more 'store' sellers, professional businesses instead of individuals. I hate surfing through 3 pages of posters and clocks to get to something of value. Second, there are way more deadbeat sellers than there used to be (probably more deadbeat buyers too) and I'm sure that PayPal has seen an increase in their insurance outlays.
Just in the past 60 days I've bought two items (one ebay, one craigslist) where the seller got more money locally after making an agreement, and just saying 'oh well', once after I had made payment. They refunded the money, but that sure isn't the point.
I had not one less than perfect transaction in the first 5 years I used ebay. The last 5 have been all downhill.

So, for all of you who buy on ebay and leave A+ feedback for an average transaction, you're at fault.

Huh? Who me? Yeah you, who aren't brave enough to force the ebay feedback system to be meaningful by posting a neutral, or negative when something was less than good. We need to flush out those who are not willing to deal fair and square, and don't give 5 star ratings to anyone unless they went above and beyond the average.

[Old Moparz]

I haven't purchased or sold a thing on ebay in a couple of years, the site absolutely sucks. I still browse occasionally, but like elacruze stated, I am sick & tired of looking at so much crap while hunting for something I need. There's one vendor/seller that must have the entire dictionary hidden in the search feature. They sell auto literature, but you could search for an effen tea pot & still see 6 pages of their crap.

The major problems I witnessed with ebay came right after they bought up paypal.

[Charger74]

Crap like that is why I closed my account with paypal and don't really buy anything off of ebay any more.

[ih8gmandford]

 I've only been scammed by one person buying car parts from me, and they sent me a check for $10 less than the purchase amount. Check was good, though. They said that they "forgot" to add shipping to the check, and would send me another one. I shipped their parts, no second check. I made more $$ off the grilles than I expected, so it was no major loss. One of these days I'm gonna go to NY and break MoneyNtheBank over my knee like a bundle of twigs!!
Now I've been liquidating a stockpile of industrial v-belts, gears, couplings, chains, etc..  and that resale crowd is the lot you have to watch out for! One out of ten of them seem to be a pain in the a$$. You describe shipping as by USPS, and they give you an address that only UPS delivers to, then don't want to pay for the second shipping charge! I've also had two people claim that their parts never arrived recently. It's never the cheap stuff that "doesn't show up", always the $600 starter contacts, or $200 v-belt. Never the $0.99 roller chain link.
One of my blocked buyers posts on this site! He didn't scam me, but gave me bad vibes and acted like a moron. I will not mention his name publicly, but he knows who he is. I think I still have the e-mail back-n-forth somewhere.
What needs to happen is the sellers have to put in that there will be a 21 day waiting period for the payment to clear PayPal before the items are shipped. If they send a check or money order, it only takes 10 days (or less) to clear the bank. We the sellers pay the PayPal fees, not the buyers. One of us dropping them as a payment method will take away 100s of transactions. The buyer will pay however we want to get a good product at a reasonable price. PayPal should lower their fees if they think waiting 21 days for your funds is reasonable.
  I knew eBay was going downhill after they removed the option of leaving negative and neutral feedback for buyers. Take away the tools to inform fellow sellers of the scammer buyers. Way to go, eBay!!
  Wow was that a long rant! -Jason 

[451-74Charger]

Thats odd, my agreement clearly states that the hold is only on high risk transactions.

10.6 eBay Item Hold. PayPal, in its sole discretion, may place a hold on a payment you receive for an eBay transaction when PayPal believes there may be a high level of risk associated with the transaction. If PayPal places a hold on your payment, it will show as "pending" in your PayPal Account.

[Brock Lee]

That holds thing has been around for a couple years. New Pa Pal members have to deal with it and if they even remotely suspect a seller is going to run a risk of having chargebacks in the future, they will put them on that system. It is possible I guess that they are doing it more now, but it is kid of old.

[MoparManJim]

That holds thing has been around for a couple years. New Pa Pal members have to deal with it and if they even remotely suspect a seller is going to run a risk of having chargebacks in the future, they will put them on that system. It is possible I guess that they are doing it more now, but it is kid of old.

Well here a message I got from a friend of mine that he posted on another board that I'm on also.  

I just called paypal and this new BS only applies to certain items like cell phones, laptops and the sorts. When you do a listing a prompt will appear to notify you that there may be a hold BEFORE you click the LIST IT button. I told them about how it is easier now for buyers/scammers to screw over sellers........naturally, she did not seem to care

Now I'm not sure how true this is because I haven't listed anything on ebay for afew days now. But if I list something and at the end they hold my payement. I will do a refund and tell the buyer what happen and that he/she will need o send me a PMO (Postal Money Order) for the item if they want it. I will also then clearly state in my auctions about paypal and I don't care if ebay likes it or not. because for one, I did some homework also. They state on there site that you can't accept Money Orders BUT yet on afew other spots they do infact state you "can" accept money orders. Plus did you know there is a state with the same inistals of a money order? yea, they are  

[Nacho-RT74]

I don't see the problem on that... if everything is correct you will get the money anyway.

BTW that's the way how it works a system called MERCADO PAGO on the latinamerican auction website called MERCADO LIBRE ( similar to ebay ). I never have used "Mercado Pago" but I think is a good idea for those who want to be sure the money will be send to a serious person for a serious item.

If both sides are serious about, why don't be agreed on this new policy ?

Guilties are afraid to be catched, but if you are not and won't be guilty why bother about that ?

[chargergirl]

Have also had sellers say if you don't leave them good feed back they will not ship the item. Even after being paid...it's rare but it happens. Had one guy tell us we owed him another $100 because my husband fixed the item and it ran great. Still don't get that one. However E-bay wants us to get their credit card to put our transactions on. I don't think so Pal!

[MoparManJim]

I don't see the problem on that... if everything is correct you will get the money anyway.

BTW that's the way how it works a system called MERCADO PAGO on the latinamerican auction website called MERCADO LIBRE ( similar to ebay ). I never have used "Mercado Pago" but I think is a good idea for those who want to be sure the money will be send to a serious person for a serious item.

If both sides are serious about, why don't be agreed on this new policy ?

Guilties are afraid to be catched, but if you are not and won't be guilty why bother about that ?

Okay, say you have a item that is worthy oh say $1000.00 and a person that buys it but the payment doesn't clear as it's being hold. Are you going to be stupid enough to send the item out? No.. why? because you don't know the person at all and there for you don't trust them. You want your money in hand before the item gets ship don't you? Yes you would I think. Same thing apply's here as well. Would you sell a car or your charger and ship to a person while the payment is being hold? Probably not as yet again you would want your money in hand before your car leaves your sight going to someone that you don't even know that just bought it. 

It's easy for people to talk, but when it comes down to something they like the most and it's use as a example then that is when it really makes the person think about what they said. Because when you talk about any random thing it doesn't bother a person that much but when you use something that a person cares for, that person then real fast see's how the others feel. 

[Brock Lee]

All you need to do is send the item with Delivery Confirmation or Tracking. They will release the money after 3 or 4 days after the items delivers, except if the buyer has a problem with the item. The money gets taken from the buyer immediately. Pay Pal just holds it until the transaction is complete. So no, there is no worry about it not clearing due to lack of funds, they paid Pay Pal upfront.

This is going to be the future of eBay and Pay Pal. Scams are rampant and they are not willing to lay their money at risk for chargebacks that they can't collect on.

It is only going to get worse. Pretty soon Pay pal will be reporting your activity to the IRS. They are already gathering Social Security numbers of some members.

[MoparManJim]

All you need to do is send the item with Delivery Confirmation or Tracking. They will release the money after 3 or 4 days after the items delivers, except if the buyer has a problem with the item. The money gets taken from the buyer immediately. Pay Pal just holds it until the transaction is complete. So no, there is no worry about it not clearing due to lack of funds, they paid Pay Pal upfront.

This is going to be the future of eBay and Pay Pal. Scams are rampant and they are not willing to lay their money at risk for chargebacks that they can't collect on.

It is only going to get worse. Pretty soon Pay pal will be reporting your activity to the IRS. They are already gathering Social Security numbers of some members.

Wrong. Read this thread.. https://www.paypal-community.com/t5/Receiving-money/Complaints-About-Payment-Holds-Let-Scott-Thompson-Pres-of-PayPal/m-p/58986#U58986 

People have followed the rules that paypal said to do and yet there funds wasn't release like they said they would.. some even had to call in just to get a run around and the go through this and that just o get there funds release. Heck with that crap man. 

I'm sorry to say this also, but if I don't have the doe ray me in my account available to me then I don't ship item. It's that easy to follow, just like when you enter a store, are you allowed to carry out items and to make sure you are happy with them before you pay for them? No your not, that is called shoplifting. Now paypal is hold peoples fund at will.

[Brock Lee]

https://www.paypal.com/cgi-bin/webscr?cmd=xpt/Marketing/securitycenter/sell/SaferPayments-outside

When does PayPal release the payment?

Payments will be held in a pending balance for a certain time period. For example, if you receive a $100 payment (after fees), the $100 will be held in a pending balance for the specified amount of time. After the hold is released, the money will be available for withdrawal.

The money may be released sooner if:

  1. We can confirm that the item was delivered**
  2. Your buyer leaves positive feedback (Applies only to eBay items)

To get access to this money more quickly, please process this order right away and communicate with your customers early and often.

Something else to keep in mind, if you piss enough people off selling items and not playing the Pay Pal game, they can leave negatives and low star ratings. It wont be long before eBay suspends your selling privileges. These days you can't just make a new account as they link your Pay pal, name, bank routing number, and debit/credit card numbers to keeps tabs on you. Every step of the way there is a ever changing user agreement that you are not even paying attention to (very few do, until things like this come up). You do not make the rules, they do.

[elacruze]

...they removed the option of leaving negative and neutral feedback for buyers. Take away the tools to inform fellow sellers of the scammer buyers. Way to go, eBay!!
  Wow was that a long rant! -Jason 

Seriously?
No buyer feedback?
I haven't sold anything on ebay for near 3 years...gonna have to do some homework when I get back.

[MoparManJim]

...they removed the option of leaving negative and neutral feedback for buyers. Take away the tools to inform fellow sellers of the scammer buyers. Way to go, eBay!!
 Wow was that a long rant! -Jason  

Seriously?
No buyer feedback?
I haven't sold anything on ebay for near 3 years...gonna have to do some homework when I get back.

They removed the seller negative part for the buyer. Now only the buyer can give the seller a negative or nutral or postive. The seller can only give a Postive or nothing at all. It's really mess up. Now Paypal is is going head first into the tolite with the new policy they just put into montion.  

I don't know if the message they sent me is for ebay items only or out side ebay also. But to me it sounds more like the lines of both sides though. If that is the case they can shove it. I been looking around for anew online place to deal with and from there own forum area I think it is a good idea to.  

[RD]

so paypal is now a ESCROW service rather than a money/funds transfer bank?  and the shizastorm that follows will only get bigger.

[Brock Lee]

I just looked it up, the 21 day hold policy was announced January 29, 2008.

http://www.auctionbytes.com/cab/abn/y08/m02/i08/s03

eBay is just hitting more people with it now than in times past. They look at your selling performance and how risky your items are to chargeback. If they feel you are high risk, they will limit your account. I wouldn't be shocked if they ended up making it universal.

This does not apply to most outside eBay transactions, at least it doesn't on my account (which is 10 years old). I use Pay Pal almost daily outside eBay and have had not one penny held. Maybe international deals will withhold?

[elacruze]

so paypal is now a ESCROW service rather than a money/funds transfer bank?  and the shizastorm that follows will only get bigger.

PayPal has been under scrutiny and pressure from the Banking industry for a long time because they have all the elements of a bank but are not subject to the same rules and regulations as a bank. So the BI hollers sour grapes.

[MoparManJim]

Okay guys, I been research for the past 5 hours on every way you can type a word in. And I have also emailed them to but haven't heard back. But can someone  please fill me in on this one questiong that i have now. The question, that 21 day hold, does that apply to ebay stuff only or outside of ebay stuff also? 

I been trying to find an answer to that and haven't had any luck yet.

[ih8gmandford]

 I've also used PayPal to pay for items, or return shipping discounts. If you mark the payment as "gift" it will clear quickly. They also don't take money (fees) from gifts, if I remember correctly.
Just another way for me to help stick it to The Man. -Jason

[MoparManJim]

I've also used PayPal to pay for items, or return shipping discounts. If you mark the payment as "gift" it will clear quickly. They also don't take money (fees) from gifts, if I remember correctly.
Just another way for me to help stick it to The Man. -Jason

Thanks man for that little bit of info 

[Old Moparz]

Something else I just remembered from when I sold parts a few years ago on ebay. They would not allow me to list an auction unless I offered paypal as a payment option. How is that an option when you have no choice but to offer it? I understand that paypal is common & that a lot of people use it, but I don't particularly like being forced to use it. That was only one of several reasons I stopped selling on ebay.

The biggest reason I don't sell there, was that they screwed up 3 of the 4 auctions I had going. All 4 were listed at the same time & listed the same way except for the item. I had someone contact me asking why he couldn't bid on an item, something to do with it being private or for pre-approved bidders only. After contacting someone on live help, ebay acknowledged that 3 auctions were messed up, but said I had to relist them so they could diagnose why & correct it.

Bullshit.

In this day & age you can see the problem but not know what it is? They just wanted to make sure I listed again so they can collect their fees. I told the guy if that's how ebay works, I'll go elsewhere & did just that. I list on here & Moparts often, & have never had any issues with either site or the members.