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

[Brock Lee]

Here is how they do it now: In order to sell on eBay you must have a valid Pay Pal account set up. If you try to list items without one, it will not allow you to post the listing. So you MUST have a valid Pay Pal account that is not blacklisted (which happens if you violate eBay user agreement and have an account blocked from selling).

So, you have to have the pay pal payment capability. If you and the buyer work out an alternate payment method behind the scenes, great. eBay will continue to send reminders to both parties until the item is manually checked "Payment Received". They then proceed to send the buyer a note that says they lost their "protection" working outside eBay/Pay Pal. But anyhow, its done.

You can also set up with other companies that accept credit cards and be allowed to use eBay. But they usually cost money and require credit checks. It appears that eBay wants to keep payments limited to cards this way there is recourse if something goes wrong.

Jim, I never had money limited being sent outside eBay. But I guess it is possible if they feel you are a risk.

The "Gift" option is great and I use it often. The only thing is you have to be dealing with someone you trust. It is recorded as a "gift" so you cannot go and try to get a refund on it under any circumstance.

[MoparManJim]

Here is how they do it now: In order to sell on eBay you must have a valid Pay Pal account set up. If you try to list items without one, it will not allow you to post the listing. So you MUST have a valid Pay Pal account that is not blacklisted (which happens if you violate eBay user agreement and have an account blocked from selling).

So, you have to have the pay pal payment capability. If you and the buyer work out an alternate payment method behind the scenes, great. eBay will continue to send reminders to both parties until the item is manually checked "Payment Received". They then proceed to send the buyer a note that says they lost their "protection" working outside eBay/Pay Pal. But anyhow, its done.

You can also set up with other companies that accept credit cards and be allowed to use eBay. But they usually cost money and require credit checks. It appears that eBay wants to keep payments limited to cards this way there is recourse if something goes wrong.

Jim, I never had money limited being sent outside eBay. But I guess it is possible if they feel you are a risk.

The "Gift" option is great and I use it often. The only thing is you have to be dealing with someone you trust. It is recorded as a "gift" so you cannot go and try to get a refund on it under any circumstance.

Brock, I know what you are saying man, I didn't mean to sound like I was calling you out before with what you said about the payments thing. That's why I posted my quote for to show you what has been going on though and they are not being honest with us. Now would you trust them?

Can someone do me a favor today? Can some take and paypal me a very very small amount like 1.50?  so that I can see what happens with my account.. Other then that I have no way of knowing what is going on with it. I would refund the payment right back to you if they let me do that yet (LOL). I'm not a dishonest person and my ebay feedback should show that.

BTW you all I'm on www.iOffers.com now. I have the same screen name as my ebay one does.  But as for accepting payment by you know who, until I can get things figure out and what works now to receive funds right them and no hold status and what doesn't.  I will be accepting only postal money orders. I'm sorry for the inconvenience this might cause.

[MoparManJim]

Okay here's an update. 

Okay, I just got done talking with a guy name Nuwell at paypal. I talk to him and he seem very nice and answered my questions.

I ask him also about what another member said  that a lady from paypal told them about the hold policy certain items on ebay. And here is what he said "No, this goes for all items that you sell on ebay and not just certain ones". I ask also about the Hold Policy and he said that once item delivery confirmation is posted 3 days later payment will be release. I came flat out and ask him about the stuff. Plus I found out with what he told me there is to types of things on ebay to do, one is the sellers feed back rating and also the seller feed back scorecard. They don't go off the 1st one but yet just the 2nd one which is the scorecard one. So far everything he told me did line up with what I read on net the last few days.. and I also told him that I have been reading places about the info but didn't say where though and I had questions that I wanted real honest answers to and he answered them.

He told me about the payment hold thing, now if this is true, if you have someone send you paymet for something outside of ebay that payment shouldn't be held at all and should be clear immediately. The payment hold is only for ebay items only to what he told me.

But when I have someone paypal something not for anything through ebay, I will see what happens then.

[RD]

i just sold something last night on ebay, got the money in my account that night (no hold), and spent money from it this morning.

[devilgear]

One thing I just saw on Ebay was that Pay pal wants my CC number so they can bill me at the end of the month or take it out of my account when I sell something, but what if someone does not pay me? Screw them....Too much crap to deal with...Craigs List is becoming a much better thing...

[Brock Lee]

This is because they have determined he is either selling risky items, or judging by his seller performance rating (the star system, not feedbacks), he is a risk for chargebacks. They will do this to protect themselves at the slightest sign their could be a chargeback on the horizon.

I know a guy that signed up as a eBay seller last year. He sold an item overseas and the buyer claimed it didn't arrive. He only had 18 all positive feedbacks. The guy filed a chargeback and eBay closed his account. No explaination asked, no chance to prove he shipped it, just shutdown. They really do not care about small time sellers. There are more than enough big time sellers on board that they don't care about $100 a month in eBay fees from a small guy. It is easier to shut them down if they fear they will cost them one penny down the road.

Ofcourse eBay wants their fees (they have since day 1). They will credit you eventually if someone doesn't pay. But you always lose the listing fees.

[RD]

its okay if i lose listing fees, i mean its not their fault my item didnt sell.  its business.  they provide a venue to millions of people in order to sell my wares.  you have to pay something, aint no such thing as a free lunch.

[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 ?

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. 

Ok, that souns logic and I can understand the hurry on get the money, but think you are the buyer and never got the item even paid... YOU PROBABLY WILL LOST THE MONEY. ( BTDT, twice )

In opposite direction, as a seller, you ONLY WILL GET SOME KIND OF DELAY, but never will lost, and thats just if buyer never post the feedback or the confrimation of a received item. If that never happens because buyer doesn't care about make that, then it means you will be get the money automatically after the time ends, but doesn't mean you'll never will get the money.

[451-74Charger]

I buy and sell on Ebay, have a 100% feedback and perfect Scorecard.
I have never had a delay on payment and actually, some of the riskier items i thought id have issues with, were the quickest to post feedback (positive).
So the moral of this story is, if your payments get delayed, either dont sell risky items to risky buyers, or just deal with it.

[Nacho-RT74]

Just in case, I'm talking about a delay for the Hold Policy, not because buyer delay. You will ship when paypal gets the payment, then buyer gets the item...

-If not satisfied, he can dispute the item is not as described ( wasn't in that way anyway before this ? )
-If never gets, he can acclaim never got the item. Money is not still in seller hands, and the dispute will be fair in a 3rd hands. Seller won't be able to run up
-If item was shipped, everything went fine, as soon buyer pots the feedback or notifies to paypal, seller will get the money. If still buyer doesn't post, and time ends, paypal releases the payment automatically

I can see here only "lost" by the seller will be some delay on payment release, and as stated, that will be JUST if he doesn't notifies to the system.

when you guys get an item paid but never received, will feel you SHOULD get some protection about that. I have been there. Paid and item never arrived ( NOS turning switch ). My courier services didn't update me on time and I missed the dispute time period. Tried to contact to seller friendly about that. Never got an answer ( so you can imagine what really did happen ).

Did happend to me about an item wasn't as described ( pics sometimes cheat ). And in my case, being Overseas, I will never know the conditions on time to create a dispute ( just two weeks ). And even in that way, the return will be so expensive that doesn't worths the effort.

[MoparManJim]

Well, I did more research, all I'm going to say is if you all don't know what is going on with them. You might want to start doing some research then. To what I found out is that this Hold Policy has been around sense 2008 and I guess to what i read every where is that paypal is sure holding ALOT of peoples funds and not releasing them until you half to make a fuss.. then at times they tell you to wait the 21 days then.   

Why should sellers have to ship items before getting paid? then wait to after the buyer gets item and hope that he leaves you pos feedback just so that you can get your funds? Just for you all to know 99% of America that I know of doesn't work that way, go into any type of business and just ask them. I bet you would get look at like as if you was crazy  . If you don't pay right there right then you leave the store empty handed.  Also how would you feel that your boss would say "hey guys, we have a change of policy now, for now on. We are going to be holding your pay checks for afew extra days or extra weeks just to make sure things are okay, unless do this or that" Now I bet you wouldn't like that at all because you worked for that  . That is how it feels to folks that uses ebay/paypal to make a living feeding there familys or to pay bill's. I bet if you put yourself into there shoes you would also have a different tune  . I'm just saying that as an exmaple. 

Why should a seller have to worry that a buyer might to  rip him/her off and the buyer just sets back and not have to worry. Plus, if you all want some good reading about what has been going on just do a research like I did and you will probably be shocked right out of your shoes as what all you will read. I have always heard afew people talking but sense Tuesday evening I decided I would do some researching myself on this stuff and man did I find a truck load. Buyers has no idea what the dang Sellers has to put up with.. all the buyers know is that they paid for the item they have no idea about what some of the seller has to really go through. 

[RD]

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

[Brock Lee]

That is how it feels to folks that uses ebay/paypal to make a living feeding there familys or to pay bill's.

If you are using eBay to make a living/run a business, then you do not even need Pay Pal. Get yourself set up to accept Credit Cards like a real store, and you do not even need to deal with Pay Pal. eBay totally allows this. You just need to provide your merchant information. The only reason I can see to hide is if you are earning money and not claiming it.

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

+1

[MoparManJim]

That is how it feels to folks that uses ebay/paypal to make a living feeding there familys or to pay bill's.

If you are using eBay to make a living/run a business, then you do not even need Pay Pal. Get yourself set up to accept Credit Cards like a real store, and you do not even need to deal with Pay Pal. eBay totally allows this. You just need to provide your merchant information. The only reason I can see to hide is if you are earning money and not claiming it.

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

+1

I was unaware that you could set up a merchant account with them. I knew about the other things but not that. I always that you needed a PayPal account for on eBay. By the way, I talk to a guy via internet live eBay support and the guy told me that only holds that will be made on funds will be ones from eBay. But with all that I have read on different sites I wonder how through that is LOL.. 

BTW, RD, I have 340 feedbacks. But I did have afew issues though. 

[Brock Lee]

It is not something eBay sets you up with. It is something you have to go and set up like any other real business that accepts credit cards and debit cards. You will need a business ID# to get that going. eBay then has a gateway that will allow the buyers to pay with their cards via your merchant account.

http://pages.ebay.com/help/pay/accepted-payment-methods.html#merchant

[Nacho-RT74]

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

+1 just as a buyer of course, never sold anything ( nobody will buy Overseas in USA. In fact you hardly are agreed on pay some internal shipping quotes LOL )

Jim, seller doesn't get the money inmediatly, but buyer already paid, is on a 3rd hands, like a Judge. Why make that ? because if buyer note item is not as described he can began a dispute for the FULL refund no matter the amount ( as must be ). Remember on line deals are not like go to a store and watch it personally. How many times you though on buy something on a counter, but having in hands you don't like and decide not to buy ?

Then also a protection if is paid and never shipped.

Come oooon! seller is not being damaged on this, even less if you are a HONEST seller.

[MoparManJim]

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

+1 just as a buyer of course, never sold anything ( nobody will buy Overseas in USA. In fact you hardly are agreed on pay some internal shipping quotes LOL )

Jim, seller doesn't get the money inmediatly, but buyer already paid, is on a 3rd hands, like a Judge. Why make that ? because if buyer note item is not as described he can began a dispute for the FULL refund no matter the amount ( as must be ). Remember on line deals are not like go to a store and watch it personally. How many times you though on buy something on a counter, but having in hands you don't like and decide not to buy ?

Then also a protection if is paid and never shipped.

Come oooon! seller is not being damaged on this, even less if you are a HONEST seller.

Okay, part of that I will agree with you on, but what happens if I (anyone in general) ships something out and then they say it's not what they wanted? Now they have my item and also want there money back. No I'm out of my stuff and yet they have both.. how is that protecting the seller. To what I read so far paypal and ebay doesn't care about the seller only the buyer mostly. If people wants to send items out with out having the funds in hand, they are asking to get taken by the dishonest people that are out there.  Now to answer your question to me, maybe afew times this year, but I always ask about the stuff before saying I would buy it. Why buy it then say you don't want it or it's not what you thought.. that is what asking questions is all about  . that's why they have those buttons on ebay next to the sellers area that reads "Ask seller a question"  not after wards. 

[rt green]

holding money. intrest. big balance. big intrest?  or is paypal its own bank.

[Nacho-RT74]

Jim, you are right about:

but what happens if I (anyone in general) ships something out and then they say it's not what they wanted? Now they have my item and also want there money back. No I'm out of my stuff and yet they have both.. how is that protecting the seller. To what I read so far paypal and ebay doesn't care about the seller only the buyer mostly.

it must be in both ways... but that doesn't mean they are going on the wrong direction AT LEAST on specifically this... dunno about the rest of stuff

Ask a seller a question... seller can say ANYTHING buyer wants to heard, and still cheating

[Old Moparz]

100% feedback, member since Sep 2001, 397 feedback.  no holds, no issues, no problems.  I guess the story is this, you do shady business, you get watched, you keep it clean and honorable, they leave you alone.

100% feedback sounds good, but I had a buyer once that got around it. He was a deadbeat buyer & never sent payment. After waiting & emailing, then playing the PITA ebay game of "Please contact the seller after a 10 day period" BS, the buyer unregisterd his account so I couldn't leave him a negative. Once the time frame had passed where you could leave feedback, her re-registered his account & bought stuff with his still 100% positive feedback. 

I'm not saying you did this to get your 100% RD, only that there's always a loophole somewhere.

[MoparManJim]

Hi you all, I'm back, well what someone said last week on here, what you said I guess goes for alot of eBay then now doesn it? Because according to what you that if you have a clean slate they will leave you alone. Well bud, you might want to head over to the paypal forums and look in the Receiving Money area as you will be surprise what you will read from good people that has good clean slates and yet they also got hit by the so called "Hold Funds" crap policy. Sense your seller on eBay, I'll be waiting to hear when you say you got hit by the Hold Funds policy crap. Even power sellers with good a slates are getting hit by it. Plus what they say on there new policy about either having a Tracking # and Delivery Com that will get your funds release faster well it's not true neother is what they say about the buyer leaving your pos feedback because they are folks on the paypal forum that has met both and yet there funds are stil; being hold by paypal yet and some of the folks had to call in just to get the funds to be release from them.

Plus in the week I haven't been on here much I been doing alot of research on paypal and so far everything I found wasn't good matter of fact everything I found was really horror story's about them. Also got to the www.BBB.com site and look them up, you might be surprise what you will see there as well as in comments. Go to Google.com and type in "paypal" "paypal hold funds". I also found out last week that Paypal is not a bank either and they are not regulated like one also. I also did find out that the "Hold Funds" policy is only for item's on eBay and that's it.

And I will admit it, my feed rating is at a 98.5 with feedback 342.   

[jb666]

Well... This POLICY bit me in the azz this week...

Two weeks ago I won an auction for an item. Said item cost me $158.00. I waited patiently for shipping confirmation, but nothing came.....

I wrote the seller... 2 days later got a sob story about EBay's new "policy", and that they couldn't afford to ship my item until the funds cleared, and they wanted to know if I'd leave positive feedback FIRST.

Ummmm... Let me think about it NO!!!!!!!!!!!!!!!!!  Now the dumbass won't answer me and I have a claim open with EBay/PayPal to get my $$ back. I just looked at his history and in the past 15 days he hasn't shipped ONE ITEM that he's taken $$ for ... All negative feedback.

[MoparManJim]

That policy is going to hurt everyone before it's done with.   

I bet if that Hold Funds crap policy wasn't on you would have gotten your item. 

Jeff, would you ship something out before you had the funds?

As for me.. my answer would be kinda like this "I don't think so".

[jb666]

That policy is going to hurt everyone before it's done with.   

I bet if that Hold Funds crap policy wasn't on you would have gotten your item. 

Jeff, would you ship something out before you had the funds?

As for me.. my answer would be kinda like this "I don't think so".

that's a tough one. If I saw that the user had paid via PayPal and I'd get the $$ when I shipped? Yeah... Unless I had something to be afraid of ,which this (my) seller obviously did...

[MoparManJim]

Jeff, there is alot of people out there that are not going to ship an item out unless they have the funds first available to them man. Because the way paypal is working it now, the seller can get ripped off easy. You should go onto there forum and look in Watercooler, About Ebay & Paypal, and Receiving Money just for starters. You will see how good sellers are hurting from this policy of there's. Alot of good sellers profiles are at stake with there policy and the eBay users profiles will get hurt from it before it's over with.  

Your alittle upset because you didn't get your item. Just think how the seller feels as he/she didn't get there money either. Paypal has it.