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Paypal Holding funds for 6 months
 

Is there anything that can be done about Paypal holding funds?

I opened a Paypal account. I wanted to protect my identity and therefore used a nickname to open the account.

I then sold £200 worth of goods on ebay. I actually sold another £2000 worth of items, but cancelled the sales and refunded the buyers when I realized my account was limited. I explained to the buyers that I could not ship expensive items, while this was going on.

Paypal, requested proof of ID at which point I explained that I had used a nickname on the account. After many emails going back and forth, they now inform me that they are holding funds for 180 days, after which time I will be able to withdraw them.

What right have they got? I have sold items, paid for postage, and sent the items. They have all been received by buyers and confirmed through tracking numbers. I am out of pocket, with no goods and no money.

Is legal action worth the effort?

Re: Paypal Holding funds for 6 months
 

The holding of funds for 6 months after an account limitation is standard procedure. The way they handle account limitations is described in detail in the terms of service you agreed to when you created your account. Those same terms say you have to use your real identity to make an account, otherwise your account will be permanently limited.

Legally you don't have a leg to stand on.

Re: Paypal Holding funds for 6 months
 

"I opened a PayPal account to protect my identity, i went ahead sold $200 and then actually I went and sold another $2k" Why are you suprised?

Re: Paypal Holding funds for 6 months
 

The way you have managed the account is very high risk.

They do im afraid hold funds for 180 days when accounts get limited

Chances are your going to need to wait for the 180 days to pass and then withdraw the funds.

Re: Paypal Holding funds for 6 months
 

Just wait the 180 days and hope they allow you to withdraw with no hassle. You may have to send in your ID to get funds released.

Re: Paypal Holding funds for 6 months
 

sometime you got lucky that you can withdraw money to your bank even it is limited.

Re: Paypal Holding funds for 6 months
 

I don't think this is possible...or has it ever worked for anyone before?

Re: Paypal Holding funds for 6 months
 

It can happen randomly.