• Report: #569461

Complaint Review: EBAY - Pay Pal

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  • Submitted: Sunday, February 14, 2010
  • Last Posting: Sunday, February 14, 2010
  • Reported By: Jon — Apple Valley California United States of America
EBAY - Pay Pal
Internet Internet United States of America

EBAY - Pay Pal Placing 21 day holds on money paid to me without cause Internet

*Consumer Comment: Statement:


1Author 1Consumer 0Employee/Owner

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eBay & Pay Pal are placing 21 days holds on the money that I have been paid for the items I have sold. When questioned they reply that this practice is to "protect" the buyer.

I currently have $303.84 in payments that have been paid to Pay Pal for my sales. Pay Pal has placed 21 day holds on $277.00 of this money that I have earned. The small balance left me to work with prevents me from shipping the items that I have sold to the people that have bought and paid for these items. 

When I ask a Pay Pal supervisor that stated he wasn't "allowed" to give me his last name and thereby identified himself as "Chris, I.D. number 41467" said that these "holds" will continue until I have either been a member in good standing with eBay for 6 months or I received 100 sales with 100% positive feedback. 

In order to be in good standing I must ship the items purchased in a timely manner (within 3 working days). That's where I am confused. In order to ship the items purchased by my buyers I need the shipping money that my customers have already paid, but Pay Pal is holding for 21 days.

The final question I ask the Pal Pay supervisor was; when my money is released and therefore paid to me what is the amount of interest I will be paid on my money that was held for 21 days. His response was zero.

?????   

This report was posted on Ripoff Report on 2/14/2010 3:10:17 PM and is a permanent record located here: http://www.ripoffreport.com/financial-services/ebay-pay-pal/ebay-pay-pal-placing-21-day-28a4d.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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1Author 1Consumer 0Employee/Owner
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#1 Consumer Comment

Statement:

AUTHOR: Paul - Gulfport (U.S.A.)

SUBMITTED: Sunday, February 14, 2010

Actually, if you send the items, the buyer can release the funds, after they post pos feedback on EBAY.  I also noticed this method, but the funds do get released in a timely fashion, if you are sending items out fast enough.

 

Paul


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