05-31-2008 06:39 AM
03-03-2016 10:54 AM
Hi everyone, I also had to cancel two transactions due to this BS... we all need to file a complaint with the FTC because they will investigate the interest collection as an unfair business practice....
This is a scam, ebay states I am upgraded and should not have a hold and told me to call paypal and have them call the safety and trust deptartment.
Paypal says they don't do this etc... Called ebay back and the woman said that is BS (ebay knows they will be losing sales to amazon from here out) that's what I had to do.
If a couple thousand people file complaints the FTC will definitely open a case!!! please post on Social media twitter etc.
Thanks Dave
03-04-2016 09:23 PM
03-09-2016 12:34 AM
Paypal is screwing me also! I just made a sale for $28 and free shipping I got an email from paypal I have been payed BUT my money is on hold NOW it wont let me print a shipping label to ship the item because there is no money showing in my balance. I have to go to the post office and pay out of my own pocket to ship this and have them make me a label and pay more for it This is complete fraud. Our money sits in their bank account and collects interest while we squirm and dont dare have them limit your account if you are one of the people that treat paypal like a bank I know someone right now with 10 grand on hold because they froze his account now he cant even pay bills or house payment PLUS he LOST his ebay busniess because it is a perm. Limit. He has to wait 180 days to get his money released to him. Someone should be in jail over this **bleep**!!!
03-09-2016 12:44 AM
03-09-2016 11:22 AM
03-11-2016 05:58 PM
Gee...great advice! Kudos to you my friend... you certainly are one smart cookie!
03-13-2016 06:47 PM
Except, no, they can't. They can set all of the terms of service they want but there are laws regarding funds availability and for normal banks, cash and electronic transfers need to be made available the typically same day as they receive payment or within one business day.
Paypal is trying to pretend that they're not a bank and skirt the law, saying they're an "online payment processor" and only doing a handful of things a bank does.
I understand why they do it. There are plenty of ways to run a scam through ebay or any online sales platform and the costs of collecting on defaulted payments are way more than what they'd ever get back. Ebay wants buyers to feel like they can buy anythign and return anything but realistically most sellers can't afford to take the risk of selling to fickle buyers. Paypal to the rescue- yet again trying to act like a bank and trying to pretend they're not a bank. In this case they're trying to run an escrow but trying to predend it isn't an escrow. If they were just helping mediate a transaction between buyer and seller and make sure money is transferred they'd act like an escrow (or like a payment processor that they claim to be) and release funds to the seller once the buyer is satisfied, probably 3-5 days after the transaction, once the item arrives, and have an upper limit in case the buyer doesn't respond. Arbitrarily stating 21 days is nothing more than an attempt to ride interest accrual and frankly, yeah, they do need to have FTC complaints filed against them.
And that brings me back aroudn to this new, arbitrary 21 day policy. Why 21 days? Probably because they just had to settle a class action suit for holding funds upwards of 180 days and failing to provide the correct documentation to sellers in the case of disputes. http://topclassactions.com/lawsuit-settlements/open-lawsuit-settlements/306260-paypal-account-hold-c...
03-14-2016 09:43 PM
03-15-2016 06:30 PM
Pay pal is, and has been the biggest scam going for years. I had over 1000+ feedback, 100%. Pay pal froze my money, buy putting it on hold, which after a period of time ruined my growing eBay business. EBay linked with pay pal, to monopolize the scam, telling sellers they HAD to accept Pay Pal as their sole form of payment. Because of this fact, there is no recourse through eBay to help you with Pay Pal. They have been one in the same for some time now.
The criminal behavior and monopolizing won't ever stop, unless enough sellers speak up in favor of eBay supporting multiple ways of payment, or putting Pay Pal on the straight and narrow. BTW, my account that was frozen and held by Pay Pal for months, had thousands of $$ in it. Never was able to recoups all of it. I'll never use pay pal again unless sending money, without my bank account being linked!
03-17-2016 03:01 PM
This is stupid today is the first day i ever had a payment held. I say if paypal wants to hold all the money and not release any for shipping. WELL then they should supply the label and they can get there funds back when ours gets released. Sellers are always getting in trouble always. Let me tell you i have had my fare share of stuff scammed out of me by buyers!! I am both a buyer and a seller, But let me tell you a seller i am going to be no more. Paypal and Ebay watch your sellers decrease like crazy. Then all your money will fly out the window!!
03-19-2016 01:08 PM
03-22-2016 12:31 PM
Are you notified when the hold is lifted and the money can be used or transferred?
03-23-2016 01:14 AM - edited 03-23-2016 01:15 AM
I got my money held for the first time today.
I am not happy about it and am probably never selling again.
I would like to leave a tip though for people like me that hate seeing some smug, annoying signature.
Block it with ublock origin.
03-23-2016 09:13 PM
03-29-2016 12:51 AM