WARNING if you use paypal you could find your funds being held for 7 days or longer for NO reason. Wow what a bunch of bs from paypal. I have never screwed anyone over on paypal or ebay but yet for some reason they hold my payments for 7 days Some new bs policy they are doing for "security reasons" . I advice everyone to find something else. Google has a free pay service and there always the old fashoned certified check, money order.
WARNING boycot paypal
- Thread starter redsap05
- Start date
hmm didnt know this....hmm weird
When did this start? Did they say?
CSD
Banned
Paypal works fine for me, no holds whatsoever. :shrug:
no
I never had a problem with them either, but the OP did say this was a new policy, so IDK :shrug:
this is why i do certified check or usps postal money order,ebay and paypal can go blow themselves, so many scams to much bs ill handle my own money
just used it on friday. worked fine and no holds.
This has been the case since paypal started. There was even a class action lawsuit back in the early 2000's. Most users will experience no problems with paypal, but you would be a fool to link them to your primary bank account.
PayPal hit by class-action suit - CNET News
PayPal hit by class-action suit - CNET News
I've found that the 7 day hold pertains to certain items sold on ebay such as electronics (cellphones, etc). The money will be held for either 7 days or until the buyer receives the item, which is verified by paypal through tracking information. If you don't post the tracking number to the transaction, the buyer could potentially dispute that they never received the item and they will be refunded the money automatically.
If you are receiving money through paypal outside of an ebay transaction, it is very important that the sender selects the correct "reason" for sending money. (goods, services, gift) If they don't select the appropriate option, your money automatically gets held for the disclosed waiting period.
I took a deposit via paypal for a car back in July and paypal decided to hold it for 7 days. :kaboom:
If you are receiving money through paypal outside of an ebay transaction, it is very important that the sender selects the correct "reason" for sending money. (goods, services, gift) If they don't select the appropriate option, your money automatically gets held for the disclosed waiting period.
I took a deposit via paypal for a car back in July and paypal decided to hold it for 7 days. :kaboom:
I stopped using Paypal back in 02-03.. they always have sucked this is nothing new. Just send me a money order or Google Checkout works great too.
Actually I would prefer if they held the money from the beginning and acted more like an escrow service. I'll sacrifice waiting, if I know when I pay someone they won't get their money until about the time I'm suppose to get the item I purchased.
Exactly. I have had the same thing happen to me on payments I received. At the time I was pretty upset about it, but after thinking about it, it made perfect sense.
As far as holding funds I already had in my account, that has never happened. I use my Paypal account almost everyday online and my debit card. Never any problems there.
damn that sux
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