July 1st 2011, the NEW 21 Day Hold Policy
Ok so I posted this a few months ago when I initially received the email, but I just wanted to follow up to let everyone know about this. On midnight July 1st my Paypal account went back to the 21 day old on ALL transactions.
Now this is not an Ebay hold, this is through Paypal. On the very top of my Paypal account in a Red Box it says "From now on, money you receive will be temporarily held in a pending balance. To learn more, please read our Payment Holds policy." My ebay account was in good standing for the most part, I had a feedback of around 98%, with around 115 positive feedbacks. I had a few disputes opened over the years and I did have some DSR's for slow shipping time but I work a full time job and if I'm out of town I can't exactly ship the day after sometimes.
I do not believe that this account will ever go back to the non 21 day hold. In the fine print it says that sometimes the holds will be removed if seller DSR's are improved and whatnot but I don't really buy that. For me, I just sold off the rest of my high priced items, drained the paypal and will walk away to start anew here soon. I was getting close to the 200 transaction mark as well, and I don't want to mess with getting limited for tax purposes. That Ebay account was over a year old. I don't mind the 21 day hold for new buyers, or for limited feedback sellers.
But for someone like me it infuriated me that I had been a good seller for over 15 months, paid thousands in Ebay fees, and they still didn't all of a sudden "trust" me because of a couple of low DSR ratings on shipping time? I have lost thousands to scammers before, so I do not feel comfortable shipping any high priced item without actually having the money first.
I dunno how you guys feel about it but I am going to start over and see if I can document how long the 21 day hold stays on and what I have to do to get it removed with a new account.
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