• Report: #973278

Complaint Review: paypal

  • Submitted: Sat, November 24, 2012
  • Updated: Mon, January 07, 2013

  • Reported By: ebonym01 — henrico Virginia United States of America
paypal
Internet United States of America

paypal will hold available funds for 180 days after selling on ebay, Internet

*Author of original report: update....

*Consumer Comment: Thats a good question.....

*Consumer Comment: How much interest does Paypal earn

*Consumer Comment: Don't bother with selling on Ebay.

*Consumer Comment: So outlaw.......

*Consumer Comment: butt your problem is well known kenny

*Consumer Comment: I don't know what caused your problem with Paypal, but...

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I sold items on ebay for quite a while with no worries. Funds were available via paypal in record time. Signed into account to check status of funds availability and was asked for verification, account limited. I verified all requested information sucessfully and paypal limitations remained. Paypal advised that limitation will remain indefinite and funds will be held for 180 days. Wheres the fairness? I did everything that was asked of me, all sold items were shipped and delivered; so now i am out of my products and paypal will not release my money for 6 months. That cant be legal! Beware!

This report was posted on Ripoff Report on 11/24/2012 08:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/paypal/internet/paypal-will-hold-available-funds-for-180-days-after-selling-on-ebay-Internet-973278. 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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REBUTTALS & REPLIES:
1Author 6Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

update....

AUTHOR: ebonym01 - (United States of America)

i filed a complaint with the BBB, paypal responded with the normal generic response and i didnt accept. instead i emailed executiveoffice@ paypal.com and explained the situation, after 45 days my account was still limited but i was able to withdraw ALL of my funds.  it did take 3 email attempts with the last advising of BBB dispute to have funds released.
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#2 Consumer Comment

Thats a good question.....

AUTHOR: richard - (United States of America)

But that will be an eternal mystery. This policy is the worst of the worst.
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#3 Consumer Comment

How much interest does Paypal earn

AUTHOR: Chaplain Bob Walker B. Th. - (USA)

How much interest does Paypal earn on millions of dollars in sales for say six months?

That is the real question

I refused to use Paypal long ago.

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#4 Consumer Comment

Don't bother with selling on Ebay.

AUTHOR: kcdesert06 - (United States of America)

I too have had this problem with Ebay. I have sold several items recently, they were delivered, and my customers satisfied. However, Ebay saw it fit to withold my funds from me for an unknown period- I'm still waiting. As far as I'm concerned, this is unacceptable. I have filed complaints with both the North Carolina AG, and the BBB. There is no reason for them to not pay me MY money.
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#5 Consumer Comment

So outlaw.......

AUTHOR: Steven - (U.S.A.)

We have had our issues but I agree with you for once.
Kenny.......this policy is a peeve to me. This policy is exists for good reasons however it creates too much trouble for honest people. I know this because I have had to deal with this myself. So even if the seller has 100% positive feedback and 100% for the buyer this will still happen. So when you talk to the Indians who work for ebay will tell you that the computer "randomly selected this transaction"........in other words
.....they have no idea. So the seller is forced to stare at the money but cannot touch it. You need to think before you speak and know what people are talking about before you start typing away kenny.
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#6 Consumer Comment

butt your problem is well known kenny

AUTHOR: The Outlaw Josey Wales - (United States of America)

you can't stop rebutting can you????
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#7 Consumer Comment

I don't know what caused your problem with Paypal, but...

AUTHOR: Ken - (USA)

it appears it's NOT illegal.  Here's what's in your agreement with Paypal under para. 10.3, "Actions By Paypal"..

"We may hold your Balance for up to 180 Days if reasonably needed to protect against the risk of liability or if you have violated our Acceptable Use Policy;"   

  
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