Re: PayPal 21 day hold on more than 1k
I have not seen this. I create accounts every day! But maybe I am missing something?
Can you get the exact text of what he message says, but NOT revealing any personal info?
I DO know that many merchant account processors want a rolling reserve if your monthly sales go over $5,000 and you do not have excellent credit. When you thik about it, it DOES make sense for PayPal to protect themselves when it comes to larger amounts of money. The way it is now, someone gets a new account and PayPal puts a 21 day hold on their $50 sale. But someone else who has had a few sales is able to defraud them for thousands of dollars. Makes no sense to me.
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