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- PayPal Talk
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| ace great | 05-11-2015 03:15 AM |
New Paypal Holding Terms?
Hi all thought this is worth a share. I got this yesterday. I know exactly where i went wrong. complacency. But the email I got to both accounts gives some real hope if the 45 day rule is indeed correct. Holding on to the money for 6 months was getting to be a right pain in the butt. To help protect our customers’ accounts, we routinely review account
activity. It appears that you have more than one account, and one of them
has engaged in activity that violates our User Agreement.
As a result, we’ve restricted both accounts. You’ll still be able to log in
to view your transaction history, but you won’t be able to send or receive
money.
What happens next
As allowed under the User Agreement, we’ll hold the money in your account
for 45 days. We may use your balance to reimburse buyers who file claims,
chargebacks or any other reversals against you. Before we reimburse the
buyer, in most cases, you’ll have a chance to respond to the claim,
chargeback or reversal.
We’ll send you an email after 45 days letting you know when you can
withdraw money from your accounts.
What to do if you think this is a mistake
If you think this decision has been made in error, you can appeal. To do
this, please visit the Help Centre at www.paypal.co.uk and click Contact
Us.
When you contact us, please have the following documents ready:
1. Your passport, driver’s licence or another form of ID issued by the
Government
2. Recent utility bill
3. Business registration number or proof of company registration (if your
account is in the name of a company).
Yours sincerely,
PayPal |
| danielrutherford | 05-11-2015 03:41 AM |
Re: New Paypal Holding Terms?
Quote:
Originally Posted by ace great
(Post 668114)
Hi all thought this is worth a share. I got this yesterday. I know exactly where i went wrong. complacency. But the email I got to both accounts gives some real hope if the 45 day rule is indeed correct. Holding on to the money for 6 months was getting to be a right pain in the butt. To help protect our customers’ accounts, we routinely review account
activity. It appears that you have more than one account, and one of them
has engaged in activity that violates our User Agreement.
As a result, we’ve restricted both accounts. You’ll still be able to log in
to view your transaction history, but you won’t be able to send or receive
money.
What happens next
As allowed under the User Agreement, we’ll hold the money in your account
for 45 days. We may use your balance to reimburse buyers who file claims,
chargebacks or any other reversals against you. Before we reimburse the
buyer, in most cases, you’ll have a chance to respond to the claim,
chargeback or reversal.
We’ll send you an email after 45 days letting you know when you can
withdraw money from your accounts.
What to do if you think this is a mistake
If you think this decision has been made in error, you can appeal. To do
this, please visit the Help Centre at www.paypal.co.uk and click Contact
Us.
When you contact us, please have the following documents ready:
1. Your passport, driver’s licence or another form of ID issued by the
Government
2. Recent utility bill
3. Business registration number or proof of company registration (if your
account is in the name of a company).
Yours sincerely,
PayPal
| Doesn't mean a thing. I've had this same email a number of times yet they continue to hold for the full 180 days. In some more recent cases PayPal have released funds after 60 or 90 days but I would assume they are holding for the full term and if they do release earlier then happy days. |
| GreenBean | 05-11-2015 03:56 AM |
Re: New Paypal Holding Terms?
For many, this is a carrot dangles by paypal.
If there is activity with chargebacks ect during the time of limitation, then no funds are released earlier.
It comes down to what paypal wants. |
| ilcarletto | 05-11-2015 04:04 AM |
Re: New Paypal Holding Terms?
Quote:
Originally Posted by GreenBean
(Post 668136)
It comes down to what paypal wants.
| ..as always was and forever it will be... in saecula saeculorum ;) |
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