Report: #569461

Complaint Review: EBAY - Pay Pal - Internet Internet

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Ripoff Report is Xcentric Ventures

Submitted: Sun, February 14, 2010
Updated: Sun, February 14, 2010
Reported By: Jon — Apple Valley California United States of America

Author Not Confirmed

Why?

EBAY - Pay Pal Internet United States of America

Phone: 1-888-221-1161
Web: paypal.com
Category:

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

*Consumer Comment: Statement:

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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 02/14/2010 03:10 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ebay-pay-pal/internet/ebay-pay-pal-placing-21-day-holds-on-money-paid-to-me-without-cause-internet-569461. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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0Author

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#1 Consumer Comment

Statement:

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

SUBMITTED: Sunday, February 14, 2010

POSTED: 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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