More pain by ebay from April 2010 :( 90 day money hold policy

[aslam]

Ebay is now getting more difficult for new seller's and they have just announced all the account which are not 90 days old there all payment will be held for 21 days and will release only if +ve feedback recieved or delievery confirmed.

Note that it all now on buyer hands and if buyer will not keen to leave feedbacks then your mony will held 21days without any reason and also it will be more difficult now to get instant payments in paypal upto 90days:(

read this news by ebay

" As an important security step for new sellers, any PayPal payments received within a 90-day period
after the seller's first successful sale will be held for up to 21 days.


This will help new sellers to build up a reputation as a trusted member of the eBay selling community. Payment may be released sooner than 21 days if the item delivery is confirmed or if positive feedback
is received.

Established sellers who open a new account can have the holds for new accounts waived by linking to one of their existing seller accounts."

:(( This is complete risk and new seller can't stuck there money for 21 days if they sell alot all of there money will stuck how will they restock etc?


Thanks

[cpm]

Strike eBay/PP.

[aspkin]

I like this point here: after the seller's first successful sale


" As an important security step for new sellers, any PayPal payments received within a 90-day period
after the seller's first successful sale will be held for up to 21 days.

[jamblix]

"This will help new sellers to build up a reputation as a trusted member of the eBay selling community."

What a joke.

[luvmyyorkie]

more reasons to get a merchant account

[NZT]

So the way around this seems to be to sell 1 item on say each of your ebay accounts.

Post the item with tracking and ask the buyer to leave feedback when they receive.

Then I assume that after this first sale, in 90 days this new hold issue will be over.

Seems simple, can it be as simple as that?

Obviously they will know that is a work around.

Any pitfalls?

[teedon]

stay away from ebay,and make one new auction site like ebay.They not only need to care for the buyer,but also need to take care the seller.