Paypal 21 day restriction and Moneybookers.com

suntot · #1 03-21-2010

Just found this forum. Been an Ebay powerseller for a while. I also have a different account that only has about 12 feedback. Of course, once I started selling things, Paypal has held my payments for 21 days. Now, my question is: if I were to use Moneybookers.com will they also hold my money for 21 days? Is this something ebay tells the merchant to do? Do you guys recommend any others? THANKS!

Lyda · #2 03-21-2010

Moneybookers does not have 21 day holding funds policy. They do however have an Escrow option, but thats something that needs to be agreed between buyer and seller before the transaction, I think.

suntot · #3 03-21-2010

So with moneybookers you don't get paid until the buyer receives the item? So you still have to wait?

oge · #4 03-21-2010

Do a forum search. It's your friend. But here's a good thread that will answer all of your questions.

http://www.aspkin.com/forums/merchan...alth-info.html

suntot · #5 03-21-2010

Thanks for the post. In the end, I am still confused. The thread doesn't specify. Moneybookers will also hold your funds for a while, right?

oge · #6 03-21-2010

Are you serious? I know you didn't read or follow every post. But I will only do this once.

["I]Im using paymate with my Stealth ebay account. On paymate you have to use YOUR own personal information, but they dont link that with ebay. I have been using them for about a month now and I am pleased with the service that I get with them.[/I]"

How did you get around giving a merchant statement to Ebay if it's a Stealth account?

By the way....NEVER NEVER ever think of using moneybookers. I called them and talked in depth with a rep. They HOLD YOUR MONEY for 45 days and then only give you 50% at that time and you have to wait for another 30 days to get the rest. The BEST that they do is if you are a TITANIUM power seller is give you 95% AFTER 3 DAYS and hold the rest for another 14 days.

Makes paypal look GOOD.

Lyda · #7 03-23-2010

I have Moneybookers account I had for years now, but I use it at some other auction sites and I have no holds at all on my money. I did not link my Moneybookers to any of Ebay accounts.