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  #1  
Old 12-22-2015
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Default Hoverboard aka electronic scooters

There is a decision made across the board that all PayPal merchants receiving payments from sales of Hoverboards aka Electronic Scooters will be placed additional reserves on their account.

Currently my account is being placed GBP300,000.00 jump start reserve and a whopping 90 days 32% rolling reserve. 80% of my daily processed volume will moved to pending balance until GBP300,000.00 minimum reserved amount is met.

How crazy is this? I know this affect all sellers of electronic scooters but any of you manage to negotiate for reduction?

Please advise.

Thanks
ferrari11313
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  #2  
Old 12-22-2015
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Default Re: Hoverboard aka electronic scooters

The reason for this is the wide spread reports of them being so dangerous at the moment

You can try to negotiate this down, but you would have to so directly with PayPal
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Old 12-22-2015
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Default Re: Hoverboard aka electronic scooters

Yes but not every seller supply dodgy scooters. Ours are CE approved design with fuse on wall plug and comes with Samsung battery. The decision is made by the Global Risk team, local account manager as well as Risk team has no authority to alter this decision. I believe many eBay sellers that is involved in the electronic scooters will have a hard time going through this crisis. Basically PayPal is going to assess how many scooters payment you have received and that amount will be put to minimum reserves so they can safeguard themselves.
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Old 12-22-2015
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Default Re: Hoverboard aka electronic scooters

good luck, I read amazon refunded everyone who had bought one with the sellers money in the uk lol
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Old 12-22-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by dan_ebay View Post
good luck, I read amazon refunded everyone who had bought one with the sellers money in the uk lol
That's a lot of cash......plus why are these thing so popular? are people getting lazier? lol.....
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Old 12-22-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by MM78 View Post
That's a lot of cash......plus why are these thing so popular? are people getting lazier? lol.....
The price. Especially with Chinese cutting corners and making bargain bin models. They may catch on fire, but all that matters is sell in high volume, ride the wave of the fad then disappear and move on to the next "hot" product.
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Old 12-29-2015
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Default Re: Hoverboard aka electronic scooters

Quote:
Originally Posted by ferrari11313 View Post
There is a decision made across the board that all PayPal merchants receiving payments from sales of Hoverboards aka Electronic Scooters will be placed additional reserves on their account.

Currently my account is being placed GBP300,000.00 jump start reserve and a whopping 90 days 32% rolling reserve. 80% of my daily processed volume will moved to pending balance until GBP300,000.00 minimum reserved amount is met.

How crazy is this? I know this affect all sellers of electronic scooters but any of you manage to negotiate for reduction?

Please advise.

Thanks
ferrari11313
Ive sold these in the past (4 months ago). Hopefully no retrospective reserve is placed on my account.

Should I close my paypal just incase?
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Old 12-29-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by MM78 View Post
That's a lot of cash......plus why are these thing so popular? are people getting lazier? lol.....
The same reason why people buy cars. It's just another mode of around-the-neighborhood transportation on the lower end of the price/performance spectrum, and many people have been pushed into that sector due to the economy in recent years. (It also doesn't hurt that many cost less than $200, well within the range of many a teenager's budgets.)
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Old 12-29-2015
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Default Re: Hoverboard aka electronic scooters

these seem to be super popular. almost accidentally ran over a few people in my neighborhood riding on one of these things
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  #10  
Old 12-29-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by dealagreeproceed View Post
these seem to be super popular. almost accidentally ran over a few people in my neighborhood riding on one of these things
"Almost", "Accidently"? ssssurrrreeeee buddy....just be honest, you WANTED to run em over.
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Old 12-29-2015
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Default Re: Hoverboard aka electronic scooters

They aren't even real hoverboards...I'll wait for "Back to the Future Part 2" type of hoverboard, thank you very much.
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  #12  
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by mm78 View Post
"almost", "accidently"? Ssssurrrreeeee buddy....just be honest, you wanted to run em over.

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  #13  
Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

I want one for my birthday.
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Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by brandnewboss View Post
I want one for my birthday.
You want the kind that explode or none-exploding?
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  #15  
Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

Quote:
Originally Posted by MM78 View Post
That's a lot of cash......plus why are these thing so popular? are people getting lazier? lol.....
News clip tonight was Mike Tyson riding one inside the house and falling off it...

Damage to parts of the body that allow us to think and reason.

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  #16  
Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by MM78 View Post
You want the kind that explode or none-exploding?
I like the kind that explode in other regions with a push button remote, you got any a those
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Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

Feel kind of lucky I didn't go ahead with the container of these I was considering, even the bad press would have a massive effect on sales.

I got 11 as samples and have struggled to even sell them offline.
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Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

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Originally Posted by BOZZA View Post
Feel kind of lucky I didn't go ahead with the container of these I was considering, even the bad press would have a massive effect on sales.

I got 11 as samples and have struggled to even sell them offline.

everyone and their mom was selling them. market was saturated not sure about now tho... few weeks ago seen a dude selling them outside a corner store lol...
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Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

Yeah I think im going to car boot my ones, they have UK fused plugs.
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Old 12-30-2015
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Default Re: Hoverboard aka electronic scooters

Saw some sellers pre-selling on ebay with a delivery date before x-mas for quite cheap, to obviously raise the money for a large order from China, I read a lot have been seized at the border, wonder if any of those sellers lost out.

Hangzhou Chic Intelligent Technology Co., Ltd. was actually the original manufacturer, and own the patents for the technology.

But as China being China its no surprise as soon as they grew popular factories all over where selling cheaper/unsafe knock offs
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