hi:
i am just wondering if any of new seller here has faced this hold or no for the new rule?
i created a new ebay account like 10 days ago and i was able to sell 3 items without PayPal by refunding the payment back and convince the buyer to accept GC. my question is : do you guys (new seller) face any hold on the funds before you try to withdraw your money?
thank you
I have noticed that on all my new accounts, PayPal puts some type of hold whether they require phone verification or account limit.
Quote:
Originally Posted by simogold
hi:
i am just wondering if any of new seller here has faced this hold or no for the new rule?
i created a new ebay account like 10 days ago and i was able to sell 3 items without PayPal by refunding the payment back and convince the buyer to accept GC. my question is : do you guys (new seller) face any hold on the funds before you try to withdraw your money?
thank you
Just had a new account that i found hadnt been suspended. When I went to list an item put in my ⊗⊗⊗⊗ paypal and such like normal and this time I got a disclaimer that talks about how paypal can hold your funds for 21 days blah blah, that whole thing. I couldnt find any info on the forums through searching so I was trying to see if this has happened to anyone yet. I heard this was supposed to take place in like may or something.
This 21 day hold is part of the EBAY revisions in Feb. 2008. It only applies to people with less than 100 feedbacks, and only in certain high risk categories. They started this at the same time they changed the feedback policy. Acutionbytes.com has an excellent article about this new procedure and all the specifics as to whom it applies.....
Yeah its for a laptop. I was actually trying to get all this inventory sold before that stupid date so i was just asking if anyone else has seen it or had it happen. Its not saying it will happen just that it can.
I just saw this when I listed an item on ebay. I forsee even further restrictions beyond this.
Quote:
Because of your limited transaction history on eBay, you must offer PayPal or a merchant credit card as a payment method for this listing. PayPal is the safer, easier way to receive payments on eBay.
Learn more about the eBay Accepted Payments Policy.
Some payments may be held in your account to ensure smooth transactions. PayPal will release the hold after 21 days without a buyer dispute, claim, chargeback or other action. The hold may be released earlier if either of the following occurs:
* Buyer leaves positive Feedback.
* 3 days after PayPal confirms item delivery.
A friend of mine called me earlier & stated that just received that same 21-day hold. Not sure of all the details because she was on a real good rant about it but did clearly hear that PP will hold her funds for 21-days; she just got done listing her last item. Will get details from her when she is more calm.
This 21 day hold was announced in January. It was part of the overall changes EBAY made to the fee structure, feedback, etc. It is suppose to apply only to high risk categories. Further, if you have over 100 feedbacks, this is not suppose to affect you.....
Jonas, no that will not work. You have to ship. Paypal will simply hold the funds up to 21 days. They supposedly are trying to stop fraud. Likewise, they want the buyer to inspect the item before releasing the funds. Once again, this is not suppose to affect all items, only certain categories.
I have seen sellers sometimes saying that, but they're small time.
TMiles2564 how do you know it won't work? Can you explain?
I think if you do try it, it's very important to explain, "PayPal is not licensed as an escrow service or even licensed as a bank and so PayPal acting as an escrow service is against the law."
