vogeltron | 02-22-2014 05:03 AM | Re: PP's old tricks again after receiving an email Yea, they hold funds. I remember years back I had something on one of my accounts called a "Rolling Reserve" 10% of my money was held by PayPal and it would adjust based on every month. It was there way of saying you have to have funds to cover chargebacks, etc. Even though I had few if any.
For the most part with all my accounts, it basically taught me you need to have a reserve in your accounts even if you don't have that hold. So you aren't like the old Steve Miller Band Song- Take the Money and Run.
Knock on wood but keeping a sizable amount in reserves I do believe has kept me from having some unfavorable circumstances that members here sometimes complain about. I look at it like a Bail Bond. To show you faith with PayPal. |