What's up with this new Paypal bullshit???

[JLa Obsessed 10+ year member]

I sold my radar detector for like 230 bucks, and paypal put a fvcking hold on my cash until either I provide a shipping number, or the buyer leaves me positive feedback...like wtf is this bullshit, I don't like shipping ANYTHING until I've pulled the cash OUT of my pp account with my debit card. Sorry just venting, but I think this is a load of crap

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[quest51210 10+ year member]

you cant leave negative feedback on ebay anymore...sounds like an act

 

[DD_Dave 10+ year member]

its something new to weed out the scammers selling bad equipment

 

[SPL Blazer 10+ year member]

I sold my radar detector for like 230 bucks, and paypal put a fvcking hold on my cash until either I provide a shipping number, or the buyer leaves me positive feedback...like wtf is this bullshit, I don't like shipping ANYTHING until I've pulled the cash OUT of my pp account with my debit card. Sorry just venting, but I think this is a load of crap

Might not sound good to you, but it's for the protection of the buyer, not the seller. If the money's in your Paypal account then your good, there's no real reason you have to hold it in your hands to know the money's real.

 

[IonSQL 10+ year member]

Effective Date: March 14, 2008

Beginning March 14, 2008, the PayPal User Agreement is being amended to include a new section 10.4 as follows:

10.4 eBay Item Hold.

eBay item hold. PayPal, in its sole discretion, may place a hold on a payment you receive for an eBay transaction when PayPal believes there may be a high level of risk associated with the transaction. If PayPal places a hold on your payment, it will show as "pending" in your PayPal Account.

Release of eBay item hold. PayPal will release the eBay item hold after 21 days unless you receive a Dispute, Claim, Chargeback, or Reversal on the transaction subject to the hold. PayPal may release the hold earlier if either of the following applies:

(a) The buyer leaves positive feedback on eBay, or

(b) PayPal can confirm delivery. PayPal will confirm delivery if you use USPS or FedEx to ship the item and (i) use PayPal shipping labels, or (ii) upload tracking information to PayPal via the transaction details page. This applies to US domestic transactions only.

Additional hold period. If you receive a Dispute, Claim, Chargeback, or Reversal on the transaction subject to the eBay item hold, PayPal may hold the payment in your Account until the matter is resolved pursuant to this Agreement.

 

[edzy 10+ year member]

its thier way of saying,

"Hey if we hold other ppls money longer, we can invest it in overnight funds, making a 5-8% return on thier money. The more other pples money we have to invest, the more 5-8% we make. So lets get the legal department on this right away."

 

[Twistid 5,000+ posts]

its thier way of saying, "Hey if we hold other ppls money longer, we can invest it in overnight funds, making a 5-8% return on thier money. The more other pples money we have to invest, the more 5-8% we make. So lets get the legal department on this right away."

your install is teh crazys