How do I remove a 5% Daily Reserve?? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk > Paypal Limited

Paypal Limited PayPal Limited Account A general forum on PayPal limitations and how to either lift them or create new accounts.

Reply
 
Thread Tools
  #1  
Old 08-15-2008
Junior Member
 
Join Date: Aug 2008
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Post How do I remove a 5% Daily Reserve??

Hey, I recently had my paypal account limited because of suspicious growth... I called them many times and faxed them the required info to get the limitations removed, but was stuck with a 5% daily reserve on all incoming payments... I have searched through this forum but coudln't find anything regarding this... Do many people get this? Have you personally had it? How do I remove it? Any help would be appreciated on this topic. Thanks much guys!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 08-15-2008
Junior Member
 
Join Date: Jul 2008
Posts: 27
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 88%
iTrader: (1)
Default

Feel sad for you. Paypal is more like stupid robber, they can do whatever they want in their own territory. first time to hear this. Shame on Paypal
Reply With Quote
  #3  
Old 08-15-2008
philly387's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 1,629
Thanks: 71
Thanked 133 Times in 82 Posts
Activity: 0%
Longevity: 88%
iTrader: (3)
Send a message via Yahoo to philly387
Default

Yeah I have never heard of this, sorry I can't help :(
__________________
Please Read These 2 Threads What Is Vero? and Register & Join the Forums Today!
Reply With Quote
  #4  
Old 08-16-2008
Junior Member
Threadstarter  
 
Join Date: Aug 2008
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Default

Hmmm.... I guess its a new thing then. From talking with them, its to justify the fact that if I were to "STOP" doing business, and didn't ship anything out to anyone, that I would have some money to pay them back with and paypal wouldn't get screwed... In the meantime they're holding Thousands of dollars of MY money, and gaining interest... Just doesn't seem right... Nobody has had this?? Somebody out there must of??

I know there are posts on paypal alternatives.. But I have been searching for a paypal alternative that will best integrate with ebay... Any suggestions??

I would like to not have to send out 500 invoices a day, but I still want the customer to feel the payment is secure. Please let me know if you are using a company that works well with ebay for receiving payments or if you know of one. Thanks much guys!
Reply With Quote
  #5  
Old 08-16-2008
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,610
Thanks: 2,879
Thanked 3,651 Times in 1,563 Posts
Activity: 50%
Longevity: 100%
iTrader: (24)
Default

It's the first time I hear of Paypal holding a reserve of money...

You must be doing lots of volume.

CCNow is a good alternative, check it out. Good luck,
__________________

Notice: Do not PM me. I get too many PMs to answer.
Please go to https://support.aspkin.com and submit a ticket instead.
Reply With Quote
  #6  
Old 10-27-2008
Junior Member
 
Join Date: Oct 2008
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 86%
iTrader: (0)
Default

Yes we also have a daily reserve deducted and held for 90 days. You have been fortunate our daily reserve is 8%. The reason given - we sell furniture which is a high risk business. What risk it is to paypal hasn't been explained. We only sell from our stock which is fully paid for and fully insured. There is no business reason why paypal need to withhold the funds. Like Kyledb they are withholding huge amounts which no business can afford. Money doing nothing but earning huge interest for Paypal. This does not even appear legal. I can't find anything in Paypal's Terms and conditions - but it hasn't stopped them from doing it.
Reply With Quote
  #7  
Old 10-27-2008
newguy121's Avatar
Senior Member
 
Join Date: Aug 2008
Posts: 132
Thanks: 7
Thanked 5 Times in 4 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Default

I also got this 5% cap. I was doing a large volume. So you know what I did. I quit paypal day of. After a long and argumentitive conversation with both ebay and paypal on a three way call..I was done. I went from XXXXX.XX to 0 in a day. They said I had too many chargebacks and they linked some feedback to eBay. Well, now they dont have to deal with those chargebacks anymore. To my credit I have tightened up my customer service, but most of the chargebacks were for fraud.

They told me how to remove them was to clean up my feedback and customer complaints and they would review the account in 1-2-3 months depending on the situation.
Reply With Quote
  #8  
Old 10-27-2008
Junior Member
 
Join Date: Sep 2008
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 87%
iTrader: (0)
Default

newguy121,

Are you using ccnow for payments or something else?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



Aspkin Group

All times are GMT -5. The time now is 02:16 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts