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

[MoparManJim]

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.

Well said bud, very dang well said! I couldn't have said it better myself. I guess some folks just likes to run and hide while others do the real work and stand up to let others know how they feel about the issue. And what his name above said it's not happening to everyone, man is that person dead wrong! I have talked to a quite afew people in the last few weeks and even the power sellers on eBay are getting hit by the Hold Fund's policy. So of the people that got hit HAS BEEN on eBay selling sense it first started! Yet they are Risky? I think not. Jeryst nailed it right on the head, at least he's not blind to see what the heck is really going on. Just wait to you all get hit with the Hold Fund's policy of PayPal then I bet you will be singing another tune about them. Just like one member told me it must have been something I was doing and then wam he got hit by them also, so I guess he was doing something also? I think not. Forums are boards put up to help others work things out and to help people out and warn people about things. But what Jeryst said above he nailed it all right on the dang head and I can tell he had been watching PayPal and eBay as well like I have and also the number of sellers that this bull crap policy has effected. 

And also, what is this I hear about this isn't the first time PayPal pulled this kind of scam with sellers? What was the issue I also heard about them that happen back in 2002? Sounds to me like they are back up to there same old tricks. 

[ih8gmandford]

 I'm still listing stuff on there, but because I need to get rid of a bunch of stuff I have. I'm just going to have to look for a way around the PayPal policy. Make sure that you word your post to hint that you will take money orders. When the buyer asks, tell them that you will accept a USPS Money Order ONLY!
  I also wonder if there is a way around the 21 day wait by billing outside of Ebay? If you could generate an invoice and direct bill your customer? No Ebay in the process, no 21 day wait! Since you are taking payment from PayPal still, there is no breach of Ebay's user contract.
Just throwing it out there...
If ya need compressor parts, v-belts, and the occasional Mopar part, look me up on Ebay. Nigerian princes need not apply! -Jason            Ebay id - ih8gmandford

[MoparManJim]

I'm still listing stuff on there, but because I need to get rid of a bunch of stuff I have. I'm just going to have to look for a way around the PayPal policy. Make sure that you word your post to hint that you will take money orders. When the buyer asks, tell them that you will accept a USPS Money Order ONLY!
  I also wonder if there is a way around the 21 day wait by billing outside of Ebay? If you could generate an invoice and direct bill your customer? No Ebay in the process, no 21 day wait! Since you are taking payment from PayPal still, there is no breach of Ebay's user contract.
Just throwing it out there...
If ya need compressor parts, v-belts, and the occasional Mopar part, look me up on Ebay. Nigerian princes need not apply! -Jason            Ebay id - ih8gmandford

At least you also see what me and afew others are talking about, your not blind man about the PayPal either. Yes there is away around the PayPal Hold Funds policy. They only hold funds for eBay items only. So to get around the policy just sell outside of eBay. Any other place and they won't hold funds on you, it's just eBay because eBay owns PayPal. Now if you want to get around the PayPal issue that PayPal has cuase to alot of there customers, easy answer, go to Paymate.com  which is another eBay accepted payment place. But sadly you will not get your funds right then like you would have with PayPal well I take that back if PayPal though you should have your funds when they wanted you to. With Paymate it's a 7 day waiting frame. They put the money right into your bank account once the funds clears. SO istead of you waiting for PayPal and there 21 day + hold game, you can wait 7 days with Paymate and have your funds sooner.

NOW if you like to use PayPal to get money BUT don't want to wait for there stupid hold game, go to www.boocoo.com and sell stuff there  . It's another online auction site and they give you the choice on what kind or I should say type of payment you accept and they don't limit you to it either. Boocoo auctions is like eBay but different though. You and the others might want to check them out. I'm already there under my same user name that I have on eBay. 

So far, I'm my game plan is to use eBay but use Paymate as payment accepting (I will also accept Postal Money Orders), with Boocoo I will use PayPal for my payment accepting along with Postal Money Orders as those two type of payments will be what I will accept from Boocoo. 

[451-74Charger]

New Fee to go into effect August

Refund Fee. Section 8.5 (Additional Fees) is amended to add a new refund fee. If you refund a Purchase Payment, we will retain the Fixed Fee portion of the Purchase Payment Fee. The buyer's Account will be credited with the full Purchase Payment amount and the Fixed Fee portion of the Purchase Payment Fee will be deducted from your Account in addition to the amount of the refunded payment. The Fixed Fee will depend on the currency of the Purchase Payment and is listed in 8.4(c). 

[451-74Charger]

AND... already in effect

PayLater Removal. PayPal is no longer offering PayPal Pay Later, so Section 13.6 is amended to clarify that PayPal Pay Later will no longer be available as a way to make a payment which qualifies for buyer protection. Other references to PayPal Pay Later have also been removed from the User Agreement.

Attorney's Fees. A new subsection, "Insolvency Proceedings," has been added to Section 14. It states that PayPal will be entitled to recover all reasonable costs or expenses incurred in connection with enforcement of the User Agreement if you commence a proceeding under United States Bankruptcy Code or any other bankruptcy or insolvency law, or if such a proceeding is commenced against you.

[451-74Charger]

Just got off the phone with Paypal, due to funds not being released upon proof of delivery (per their policy).
It appears "they" are having system issues where the funds are not comming off hold automatically.

Do you beleive that?

Anyway, im glad to report, after a quick call to Paypal, i got the funds released with no effort other than a phone call. But if you have multiple transactions, that would be a real pain !!

[jeryst]

What really irks me the most, is that ebay is turning its back on the people that made it what it is today. It started out as a place where the average guy could get rid of a few things and make a few bucks in the process, not big sellers selling thousands of new items. There were some really cool finds. But now, it is swamped with people selling new stuff, professional vendors, store owners, etc. I'm not saying that's a bad thing, its just that it no longer is what it was. I just get tired of wading through pages of crap to find something I am looking for.

Also, they fail to recognize what a lot of their sellers are: People who need to get rid of something in order to get some quick cash. I used to sell something if I was getting a little behind, or needed money for an emergency, but now you cant do that because of the Paypal hold policy. And to think that the seller has to pay for shipping ahead of time is crazy. If you sold 100 items in a month, and shipping on each item was $5, you would have to fork out $500 from your own pocket. And to make it worse, if the buyer backs out of the deal, the seller loses the shipping money as well. Where else in the world does that happen? Even TV infomercials state that they will refund your money less shipping. It's just crazy, and I really think this is the perfect time for other auction sites to gain a foothold in the market. Hopefully, they'll get a chance to feed on ebays rotting carcass.

[MoparManJim]

What really irks me the most, is that ebay is turning its back on the people that made it what it is today. It started out as a place where the average guy could get rid of a few things and make a few bucks in the process, not big sellers selling thousands of new items. There were some really cool finds. But now, it is swamped with people selling new stuff, professional vendors, store owners, etc. I'm not saying that's a bad thing, its just that it no longer is what it was. I just get tired of wading through pages of crap to find something I am looking for.

Also, they fail to recognize what a lot of their sellers are: People who need to get rid of something in order to get some quick cash. I used to sell something if I was getting a little behind, or needed money for an emergency, but now you cant do that because of the Paypal hold policy. And to think that the seller has to pay for shipping ahead of time is crazy. If you sold 100 items in a month, and shipping on each item was $5, you would have to fork out $500 from your own pocket. And to make it worse, if the buyer backs out of the deal, the seller loses the shipping money as well. Where else in the world does that happen? Even TV infomercials state that they will refund your money less shipping. It's just crazy, and I really think this is the perfect time for other auction sites to gain a foothold in the market. Hopefully, they'll get a chance to feed on ebays rotting carcass.

I agree with what you just said 500% man  . You nailed that right on the head dead center. I could not have said it any better myself. If you all haven't notice, I have not been selling on ebay now for at least a month. The reason is the stupid PayPal Hold Fund Policy.. I'm not going to be stupid and ship stuff out with out having the cash available to me first.. only a moron or dummy would be that dang stupid to do. I keep monitoring the Paypal forums to see what is going on and watching to see when PayPay will pull there heads out of where the sun don't shine but yet the odor gets worst at. I have a sign on to a new place that transfer money and is also approve by eBay as well. But I'm just waiting on things from the other place to be emailed to me and what not before I go back on eBay. because for now on. I AM NOT accepting PayPal payments AT ALL anymore for eBay items due to the PayPay Hold Policy. I will be accepting payment at the other place.

I have a funny feeling that in afew months something bad is going to happen to PayPal because of there dumb stupid Hold Policy. The word is getting out now about the policy and before long alot of people will be aware of it and will not use them because of it. 

[MoparManJim]

Boy, how dumb does eBay think a person is?    , I emailed them last week about the an issue with them and PayPal. I got a reply back afew days ago from a eBay rep Vicky, and she tried to tell me that them and PayPal are now the same place and not in the same building  . And she basicly told me that if I wanted to get an answer to my question that I had to contact PayPal, who the he!! do I think I emailed first off?!  and yet I get a rep from eBay! . Someone out there at the PayPal/eBay place higher up doesn't have there ducks in a roll is what I'm really starting to think now   

For anyone that is thinking of starting up an PayPal account to sell on eBay, please PLEASE take my advice and walk away from them! There is other online places like Paymate and so on that does money transfers for on eBay. Also if your new online and are thinking of Paypal for eBaying, do some research first on them (PayPal)  and you'll find out what they are really like from what they have stated on there web site  as it's two different things when it comes down to using eBay with them  . better yet, just visit this area https://www.paypal-community.com/t5/US-PayPal-Community/ct-p/US of Paypal  or else https://www.paypal-community.com/t5/Watercooler/bd-p/Watercooler , https://www.paypal-community.com/t5/eBay-and-PayPal/bd-p/eBayandPayPal , https://www.paypal-community.com/t5/Receiving-money/bd-p/ReceivingMoney if you really want to know what they ARE REALLY like   

[451-74Charger]

Check your sig Jim, booboo.com takes me to a search page

[451-74Charger]

New announcement just posted:

I'm writing to let you know that the eBay User Agreement has been updated to support policy and other changes. The updated Agreement is effective immediately for new members, and on September 7, 2010, for current members.

There are two key updates to the User Agreement:
Provisions have been added regarding eBay Buyer Protection. If a seller changes his or her reimbursement method for eBay Buyer Protection cases from PayPal to a new one, the new method will only be effective for transactions not yet paid for, and for future transactions. In addition, eBay may correct payment processing errors made in connection with an eBay Buyer Protection Claim. Please refer to the eBay Buyer Protection policy for the full terms.


Clarification is included about instances where seller funds may be held as pending in their PayPal accounts. eBay has at times requested, and may continue to request, that PayPal hold seller funds to help facilitate smooth transactions. eBay will make such requests based upon factors including, but not limited to, selling history, seller performance, riskiness of the listing category, or the filing of an eBay Buyer Protection claim. PayPal may also hold funds pursuant to their own Funds Availability Policy.
As with earlier updates, other changes have been made to keep the User Agreement up-to-date with our product and service offerings.

You don't need to take any further action to accept the new eBay User Agreement. If you choose not to accept the new terms, visit this help page for further direction.

Thank you for being a part of the eBay community.

Sincerely,

Braden Dong
Senior Counsel
eBay, Inc.

[MoparManJim]

Check your sig Jim, booboo.com takes me to a search page

Hey bud, thanks for the heads up on the error  , I corrected it.   

[jeryst]

New announcement just posted:

I'm writing to let you know that the eBay User Agreement has been updated to support policy and other changes. The updated Agreement is effective immediately for new members, and on September 7, 2010, for current members.

There are two key updates to the User Agreement:
Provisions have been added regarding eBay Buyer Protection. If a seller changes his or her reimbursement method for eBay Buyer Protection cases from PayPal to a new one, the new method will only be effective for transactions not yet paid for, and for future transactions. In addition, eBay may correct payment processing errors made in connection with an eBay Buyer Protection Claim. Please refer to the eBay Buyer Protection policy for the full terms.


Clarification is included about instances where seller funds may be held as pending in their PayPal accounts. eBay has at times requested, and may continue to request, that PayPal hold seller funds to help facilitate smooth transactions. eBay will make such requests based upon factors including, but not limited to, selling history, seller performance, riskiness of the listing category, or the filing of an eBay Buyer Protection claim. PayPal may also hold funds pursuant to their own Funds Availability Policy.
As with earlier updates, other changes have been made to keep the User Agreement up-to-date with our product and service offerings.

You don't need to take any further action to accept the new eBay User Agreement. If you choose not to accept the new terms, visit this help page for further direction.

Thank you for being a part of the eBay community.

Sincerely,

Braden Dong
Senior Counsel
eBay, Inc.

So, what they are saying here, is that if they want to use your funds for some other purpose (like to earn interest on short term notes, or something similar), they can keep your funds whenever they want, for as long as they want.

[451-74Charger]

That is what it sounds like

[MoparManJim]

New announcement just posted:

I'm writing to let you know that the eBay User Agreement has been updated to support policy and other changes. The updated Agreement is effective immediately for new members, and on September 7, 2010, for current members.

There are two key updates to the User Agreement:
Provisions have been added regarding eBay Buyer Protection. If a seller changes his or her reimbursement method for eBay Buyer Protection cases from PayPal to a new one, the new method will only be effective for transactions not yet paid for, and for future transactions. In addition, eBay may correct payment processing errors made in connection with an eBay Buyer Protection Claim. Please refer to the eBay Buyer Protection policy for the full terms.


Clarification is included about instances where seller funds may be held as pending in their PayPal accounts. eBay has at times requested, and may continue to request, that PayPal hold seller funds to help facilitate smooth transactions. eBay will make such requests based upon factors including, but not limited to, selling history, seller performance, riskiness of the listing category, or the filing of an eBay Buyer Protection claim. PayPal may also hold funds pursuant to their own Funds Availability Policy.
As with earlier updates, other changes have been made to keep the User Agreement up-to-date with our product and service offerings.

You don't need to take any further action to accept the new eBay User Agreement. If you choose not to accept the new terms, visit this help page for further direction.

Thank you for being a part of the eBay community.

Sincerely,

Braden Dong
Senior Counsel
eBay, Inc.

So, what they are saying here, is that if they want to use your funds for some other purpose (like to earn interest on short term notes, or something similar), they can keep your funds whenever they want, for as long as they want.

Well, then go with Paymate.com if you don't like what PayPal is doing. 

[MoparManJim]

Just bumping this back up again. 

Also check this out http://forums.ebay.com/db2/forum/Paypal/97

and also this http://forums.ebay.com/db2/topic/Paypal/Start-Using-Paymate/510248617

[nvrbdn]

wow,i never knew all of this stuff. i was selling quite a bit of stuff and never had a prob. but i did take a break about 4 or 5 weeks ago. im blown away. glad i read this before starting back up.

[MoparManJim]

wow,i never knew all of this stuff. i was selling quite a bit of stuff and never had a prob. but i did take a break about 4 or 5 weeks ago. im blown away. glad i read this before starting back up.

Go to paymate.com man and get your self an account there set up to recive funds through eBay then. They accept Paymate as one of there online funds transfer places. PayPal was the other (but that is where this issue of this thread comes into play at) the other places they mention is for powersellers though. I have talk with Paymate personally over the phone back in June and they seem to be a very good group that is base out of australia that is base in CA now. 

You see, PayPal is being told by big brother eBay to hold the payments back, as you see and probably already know this but PayPal is owned by eBay and they are the same place. I bet if you get another place to transfer your payments from eBay sales besides through PayPal, they won't hold your payments. It's only kinda a PayPal thing with eBay sense eBay owns them..

I'm with Paymate now myself and still getting things with them strighten out to start reciving payments through them so I can get back on eBay after this frico with Paypal and there game of Hold Funds. 

Also, maybe to find out if what PayPal is doing is illegal or not, I wonder what would happen if someone went to the FBI and asked them    , they would know for sure if it is either illegal or not for PayPal to be holding peoples funds and making the sellers do what they making them do.

[MoparManJim]

Just bumping this back up is all for anew comers that hasn't seen it yet. 

[MoparManJim]

Just bumping this back up is all. 

[resq302]

yeh another  to ebay/paypal.   I clicked on the payment option to change it to a credit card from my checking account.  Aparently it never got changed when the payment was processed and the bank soaked me $35 for an over draw on my checking account.  They claim that they can keep track of it and never have any record of the button being changed.

[MoparManJim]

yeh another  to ebay/paypal.   I clicked on the payment option to change it to a credit card from my checking account.  Aparently it never got changed when the payment was processed and the bank soaked me $35 for an over draw on my checking account.  They claim that they can keep track of it and never have any record of the button being changed.

Man, I'm sorry to hear that, on their own forum in afew areas people are b!tching about that issue you just had as well. You think that is bad, you was lucky as some of the people on the PayPal forums mention that PayPal charger there bank account not once but multiple times for the same thing!   

[MoparManJim]

Just bumping this back up for the new comers is all. 

[MoparManJim]

Just wanted to bump this back up again for any new members that might have be on the site here now that haven't seen this or are aware of it.

[MoparManJim]

I almost for got about this topic, I am just bumping it back up for all new people here and maybe also future ebay sellers.