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

[MoparManJim]

I for got to answer one question you I think asked. Yes, you can use the shipping money by using PayPals shipping labels as they will reburst you on the shipping part as I heard only if you buy through them though on there web site.  Good luck. 

[451-74Charger]

Welcome to the club on the PayPal Lets Hold Your Funds For 21 Days    , sorry man I couldn't resist that part.    

My seller rating wasnt over 100, and odly enough last month this wasnt an issue. It seems somewhere between 2008 and now they suddenly decided to enforce the policy on more sellers than before.
Also I have posted many items in electronics before without an issue, So I am guessing they are just screwing the screws down tighter (I used that analagy on purpose).

This is the fist time it has happened to me, and like others, i was probably judging you unfairly. and for that I will apologise.

If this is the way Paypal are going to screw us, holding our money and earning intrest on it while we sit and wait, then charge us seller fees, then transaction fees, this stinks ! !! ~~

[MoparManJim]

Welcome to the club on the PayPal Lets Hold Your Funds For 21 Days    , sorry man I couldn't resist that part.    

My seller rating wasnt over 100, and odly enough last month this wasnt an issue. It seems somewhere between 2008 and now they suddenly decided to enforce the policy on more sellers than before.
Also I have posted many items in electronics before without an issue, So I am guessing they are just screwing the screws down tighter (I used that analagy on purpose).

This is the fist time it has happened to me, and like others, i was probably judging you unfairly. and for that I will apologise.

If this is the way Paypal are going to screw us, holding our money and earning intrest on it while we sit and wait, then charge us seller fees, then transaction fees, this stinks ! !! ~~

Well your not the only one, it started to happen to alot of others also (check PayPals forums out), some of which are just like you. When PayPal started to do this crap. I tryed to warn you all.. but in return all I got was remarks thrown at me that I was probably doing something shoddy and I got caught on it when I wasn't  . Well now it looks like you got caught as well for something and are now in the same boat as others like me are for no reason. Man how the tables and sounds turn when it happens to someone else  . They just started to do this hold thing last month when I tryed to get the word out when it was hitting some of the power sellers as well. All the sellers on here will at some point get hit by it. And for the rest of the ones that remarked about me, how does it feel when it happens to you and you didn't nothing wrong for them to do it to you. All I was  trying to do was just get the word out about what they was doing to the good sellers. 

451 74Charger, Thank you for stepping up to the plate and apologizing to me man, apologize accepted. 

Right now I'm not selling on eBay because of the stupid hold policy crap, I how ever have found another place online that also works with eBay and doesn't work like PayPal at all. eBay accepts at least 5 different online payment methods not just PayPal. I'm not going to be stupid and sell something on eBay using PayPal and ship the stuff off without first having payment available to me.. my momma didn't raise no fool baby  . 

BTW, to my understandings from afew people at eBay live support and one person at PayPal, PayPal is only holding funds for eBay auction stuff. Funds from any other place that is not in anyway from an eBay thing I guess will clear. You all might want to check out boocoo.com auctions as I been watching there site sense it open just recently (last week). 

[chargergirl]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

[jb666]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

NICE!!!!    The jokes always come back to the haunted couch!!!!! 

I was thinking the same thing, that PayPal is making a small fortune holding everyone's $$ in an interest account. They are no dummies...

[MoparManJim]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

 
(looks around) why... does it... always have to be... the sofa?  

Well somebodys making a small fortune, and it's not me or you so that leaves PayPal doesn't it.

[MoparManJim]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

NICE!!!!    The jokes always come back to the haunted couch!!!!! 

I was thinking the same thing, that PayPal is making a small fortune holding everyone's $$ in an interest account. They are no dummies...

Jeff... for that.. it's going to take me alittle while longer for me to get your model done now    

I have to admit, that was good come back with what Chargergirl said though..  . Everything, leads right back to that dang sofa!   

PayPal loves holding the money from us the sellers when a buyer pays, BUT have you notice how they take there cut right off the top? They should leave all the money alone like they are making us do with the hold on it. They should have to wait ever for there cut of the action as well. 

[chargergirl]

It would just make them more interest!

[jeryst]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

NICE!!!!    The jokes always come back to the haunted couch!!!!! 

I was thinking the same thing, that PayPal is making a small fortune holding everyone's $$ in an interest account. They are no dummies...

Someone should call them on this. I believe that if they hold money, by law they are required to pay any interest earned to the person that the money belongs to. If they are not, then I believe they are in line for a class action lawsuit.

[451-74Charger]

Just paid shipping through Paypal,, guess what, it charged my Credit card. So I Guess you dont even get the shipping money until the buyer says the item is ok. sheesh not only are you out the money for the item, the item if they dont return it, you also lose out on the shipping.

Paypal is REALLY screwing the small seller

[MoparManJim]

MoparManJim...they are only holding your money cause your sofa told them too! Actually I think they make a small fortune in holding the funds in an account.

NICE!!!!    The jokes always come back to the haunted couch!!!!! 

I was thinking the same thing, that PayPal is making a small fortune holding everyone's $$ in an interest account. They are no dummies...

Someone should call them on this. I believe that if they hold money, by law they are required to pay any interest earned to the person that the money belongs to. If they are not, then I believe they are in line for a class action lawsuit.

There is a lawsuit taking place right now over this hold funds crap. I know where the info is if you know anyone that they are doing this to I'll hook you up with the info.

[MoparManJim]

Just paid shipping through Paypal,, guess what, it charged my Credit card. So I Guess you dont even get the shipping money until the buyer says the item is ok. sheesh not only are you out the money for the item, the item if they dont return it, you also lose out on the shipping.

Paypal is REALLY screwing the small seller

Man, I heard split story's on that and wasn't sure which to belive, now I think I do. I'm sorry man they did that to you. Now you understand what I was trying to say before  about them and the game of Hold Policy. When you get your money is anyone's guess now. Because I have heard alot of mix storys from alot of others. Some say even after the 21 day hold is up they STILL hold it.. even after you have proof the item been delivered and the buyer leaves feedback I heard they still do hold it. Some says they had there funds release by doing one of the following (not sure how true it is) waiting 3 days after the item was delivered that they will release the funds then. 2) You will have to call in when it shows that the item has been delivered, and see if they can release the funds then.

I heard getting your money from them can be a real paint in the rump. I hope you all the best of luck. 

Alittle advice here, find someother place online for transffering money for eBay items and don't use PayPal for that part  . 

PayPal isn't screwing the small sellers they are screwing "everyone". Even people that are power sellers got hit by the Hold and they are b!tching about it now also as they don't even fall into the rules for the Hold Funds Policy  .

[mauve66]

THANKS FOR THE POST, I GUESS I MISSED IT BEFORE

now all my items have the following added to the description

DO TO PAYPAL'S NEW POLICY FOR ALL SELLERS,THERE WILL BE A 21 DAY HOLD ON ALL ITEMS UNTIL PAYPAL ACTUALLY RELEASES THE MONEY TO ME, I'M NOT GETTING PAID IF PAYPAL IS HOLDING THE FUNDS, THE SELLER PAYS THE FEES FOR PAYPAL NOT THE BUYER

[MoparManJim]

THANKS FOR THE POST, I GUESS I MISSED IT BEFORE

now all my items have the following added to the description

DO TO PAYPAL'S NEW POLICY FOR ALL SELLERS,THERE WILL BE A 21 DAY HOLD ON ALL ITEMS UNTIL PAYPAL ACTUALLY RELEASES THE MONEY TO ME, I'M NOT GETTING PAID IF PAYPAL IS HOLDING THE FUNDS, THE SELLER PAYS THE FEES FOR PAYPAL NOT THE BUYER

You might have your listens yanked then. I was on the PayPal forums and someone there asked about doing what you did and the ywas told it was against the eBay rules to display a message like that. But we all know it's the dang truth though. 

[mauve66]

we'll see what happens then

[MoparManJim]

By the way you all, here is a direct link to PayPal forums https://www.paypal-community.com/t5/US-PayPal-Community/ct-p/US heck out the BS that alot of you don't even know about that is going on with this Hold Funds policy and how alot of people are effected by it.

[jeryst]

I say we need to stage a protest. As far as I'm concerned, I'm not going to buy or sell on ebay again. Game over.

Now if we can just get another couple of million of people to do the same thing. Pass the word.

[Brock Lee]

The only way you will send a message is if you find thousands of people to boycott the service. How many of you are prepared to do that? That means NO use at all. I had issue with eBay policy and I am boycotting them. I am on year 2.

[MoparManJim]

I say we need to stage a protest. As far as I'm concerned, I'm not going to buy or sell on ebay again. Game over.

Now if we can just get another couple of million of people to do the same thing. Pass the word.

Well when I made this thread. I was trying to past the word! But all some people did was say I must have been doing something shoddy or some crap and they (Paypal) caught me. Now it seems that afew more of you got caught, so with what was thrown at me I will now through back the others. What was you all doing?     

Remember, next time someone is trying to past the word along about something, don't look at that person and start throwing stuff at them  . Because right now it looks like some of those people are getting hit by the stuff I did.. At least one person had the guts to stand up and apologize  . All I was trying to do was get the word out there and what happen, I get shot down almost    . I except to be hearing from more of you before long about this PayPal Hold Policy when it hit's you. Don't say I didn't try to tell you.     

I haven't listen nothing on eBay sense they hit me. I did how ever did get anew place for money transfer, the place is Paymate and eBay approves them for selling on there. But like I said I haven't listed nothing on eBay yet to see how this new place is going to work though. 

[Brock Lee]

From page 1 and BTW, you admitted you had a less than 100% rating, so yours still may be because of your sales history....only eBay knows for sure. They set this whole program up so they could basically impose this on anyone. They will use your sales history or riskiness of your items as an excuse.

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?

[MoparManJim]

From page 1 and BTW, you admitted you had a less than 100% rating, so yours still may be because of your sales history....only eBay knows for sure. They set this whole program up so they could basically impose this on anyone. They will use your sales history or riskiness of your items as an excuse.

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?

Bud, if you belive what they are telling you, then I would highly and I mean highly suggest that you take a trip over to there forums and say that over there and then wait to see what you get said back  . because that what they said has so far been proven wrong by alot of people that uses eBay and PayPal and alot of them are out side of that stuff also even for the guide lines and yet they are getting hit.

And you want to know something else also, when you talk to eBay they say to talk to PayPal, NOW if you talk to PayPal they say talk to eBay SO who do you talk to? . It sounds like right hand doesn't know what left hand is doing. Also if you have a issue with PayPal and call them and ask about your stuff, I heard they will tell you to get a court order if you want to know.. sounds like good business prastic doesn't it.   

Now 74Charger just said he was under the 100 feedback mark yet, yea that could be why they are holding his funds for, BUT now here what grabs well gets me and also others as well. Why are they hitting the powersellers that have 1000's of feedbacks for? They are more then way outside of the under 100 feedback hold rule  .   

BTW, you all, I'm not sure how true this is yet, but for anyone watching CNN channel, my cousin said today (afew hours ago) that he just saw last night on there that they was indeed talking about PayPal and eBay and mention something about a federal investagtion issue over holding funds. I know he watches alot of tv at night and is always on the news channels and history channels.

[AKcharger]

Ebay is dead.

We sold some stuff a few months ago and got zinged by an idiot. Not only did he ruin our perfect feedback he:
- Made a new profile and bid on 10 other of our items in an effort to ruin our feedback more (ebay confirmed the IP address)
- Has a clear track record of ruining feedback for sport; 4 purchases/3 neg feedbacks
- Made a dispute on the $2.95 purchase over shipping, he was charged what was advertised...he just thought it was too much!

Ebays response:
- Sided with buyer Even though we showed all shipping documentation was as advertised, in fact we undercharged and paid $6 out of our pocket!
- Sided with buyer even though they confirmed malicious bidding
- Sided with buyer and refused to retract feedback regardless of bidders negative history

I will NEVER...NEVER buy/sell on ebay again. Wait...scratch that, I may buy 'cause now I know I can screw people with absolutely ZERO repercussions. Oh, buyer gets last word on feedback responses too 

AK

[MoparManJim]

Guys, while I was taking a small break from afew projects here, I thought why not take a trip to eBay to check out what they have this week and while there I thought why not check out the PayPal forums to check them out to see how things are going over there. But one thread I like over there that has 200 pages of reply's was at the top so I went in as I know that thread is a good one. Well there is a good read in that one about eBay and PayPal    

https://www.paypal-community.com/t5/Watercooler/21-day-hold-on-funds/td-p/58051/page/13  

[Brock Lee]

Why am I going to base everything on a forum that is mainly used by novices and upset users? Happy sellers don't bother to hang there. I KNOW current sellers with 100% ratings, no chargebacks that never have money with held. I am talking like 30 of them. So, it is not happening to everyone. Only the people they fear will suffer a chargeback, either from their risky history, or if their item falls into a category that is risky.

[jeryst]

Why am I going to base everything on a forum that is mainly used by novices and upset users? Happy sellers don't bother to hang there. I KNOW current sellers with 100% ratings, no chargebacks that never have money with held. I am talking like 30 of them. So, it is not happening to everyone. Only the people they fear will suffer a chargeback, either from their risky history, or if their item falls into a category that is risky.

Read the posts. There are many users there with 100% feedback, that have been selling for many years. Some sell quite a bit of stuff. Many are considered "non risky". They are all complaining that they are being affected. Many of them are complaining that their funds are not being released until the buyer leaves feedback, but many buyers dont leave feedback, so the sellers are having a hard time getting their money. Many are complaining that their money is being held long after the item was delivered. Many of them are complaining that they have to call Paypal with proof of delivery before their money is released, and even then, not all of the money is being released. Why should sellers have to perform this extra step on each item they sell?

Or do you think all of them are just spouting off and lying just for fun? That's what I gather from your position on the matter. This is a wonderful thing, no one is getting hurt, and only the shady sellers are being affected? Get real!

ebay and Paypals policys are just plain wrong.
Why are sellers forbidden to accept checks and money orders?
Why should the seller have to pay shipping out of his own pocket?
Why should someone with a 100% rating need to have money withheld?
Why are sellers being rated when buyers are not?

Of course they are hiding behind the "We must protect the buyers" excuse, but it's all BS.
The real reason, is so that Paypal and ebay (same company) can earn interest on millions of dollars of sellers money. Plain, simple GREED!

Ebay and Paypal seem to forget one little thing. Its the seller that pays the fees for both ebay and Paypal, not the buyers.
They dont get squat from the buyers, yet they side with the buyers almost all of the time in any dispute, and they treat
the sellers like SH1T!

I'm going to write to ALL members of Congress and demand that ebay and Paypal be investigated.
I'm also going to demand the following...
  1. They may not hold your money more than 10 days from date of shipment for ANY reason.
  2. They may not hold your money at all if you have a feedback rating of 95% or higher.
  3. They must pay the seller interest on any funds held.
  4. All interest or proceeds gained by the sellers money while being held must all be passed along to the seller, if the moneys earned exceeds the interest they are paying.

I suggest everyone else who does not agree with their policies do the same.