Well I have been stuck with the rolling reserve of 10% for 60 days for the past 4 months. When I hit the reserve, they said they will review it in 6 months.
Has anyone had their reviewed and lowered, taken off completely or got worse?
The complete step-by-step guide to get back to selling today!
Didn't know they still gave people these. Kind of funny you bring this up because I had one on a PayPal that just went away last week. I had it for like 3+ years before it just went away. It is kind of a drag but for the most part I was just thankful I was going to get the money and was still able to sell with eBay/PayPal. If you experience is anything like mine it takes forever to go away.
Do you have backups so the cash flow can continue from different accounts?
To be honest, if it is a Stealth account you should always have at least 10% to cover charge backs and fees anyways. It is a pain but this is really something most sellers should be doing anyways. Especially stealth users because if you get in a jam you can't upload funds from you bank to PayPal to cover those costs.
GreenBeam you are awesome, but is that why I finally got my reserve taken away a week or so ago? Even with the 20k US IRS 1099k reg I was still stuck with the Rolling Reserve on that account for 2+ years (since new IRS laws) over 3 years total.
Quote:
Originally Posted by GreenBean™
Only two of our Uk accounts got the rolling reserve.
They were like a painful pregnancy...9 months of pain.
Well I have been stuck with the rolling reserve of 10% for 60 days for the past 4 months. When I hit the reserve, they said they will review it in 6 months.
Has anyone had their reviewed and lowered, taken off completely or got worse?
Also worth looking at spreading sales among other accounts