From collectibles to cars, buy and sell all kinds of items on eBay
aAdvanced Search
Topic Archived This topic has been archived - replies are not allowed.
Last Post Jun 29, 2009 3:04 PM by: theinfospecialist
Replies: 69
)
windorphin
Posts: 7,896
(15 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 23, 2009 10:30 PM
get out of my head, wi6.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
windorphin
Posts: 7,896
(16 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 23, 2009 10:30 PM
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
koolmisfitmom1
Posts: 21
(17 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 5:20 AM
So I still don't understand why I got this email when I have not had any problems what so ever.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
anoli8
Posts: 7,165
(18 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 5:27 AM
Ebay and PayPal can do whatever they want, as long as there's no viable competition.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
electricalstuff
Posts: 140
(19 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 5:50 AM
hummm, I would imagine if with the volume that paypal does, let's say it means they get to hold on to a few million (billion?) extra dollars for 60 days and the going interest rate of say ?? 1-5%.
That is sure a lot of money they will earn or more earned by lending out .
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
louiserb2
Posts: 11
(20 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 5:58 AM
This is disturbing news when you consider the eBay empire is implementing buyer protection policies and offering total complete coverage of their purchase when using Paypal. It just takes a handful of buyers to fleece the system and demand payback because they just might get a refund without having to return anything, or have a partial refund because the seller's becoming concerned on being landed with negative feedback. Or even because the time and hassle dealing with such claims overrides fighting it.

At the end of the day eBay/Paypal have made their commission on your sale, they DON"T HAVE ANYTHING TO LOSE. They are covering their backs on a different level now by making you responsible for paying their new policies.

It's morally wrong, but then they are outright greedy Capitalists, so what should we expect. I have been buying/selling on eBay for 11 years and never had a charge back. I've been screwed once with Paypal's International protection for a buyer who claimed an item never arrived - not that there was any affordable option for online tracking anyway; the buyer refused to purchase it. I lost the item and had to do 100% refund because I couldn't prove he didn't receive it!

Go figure,your responsible for the postal system. Now go figure you're expected to be responsible for paying Paypal's buyer protection system.

Never mind a revolution in Iran, we need one here. Ebay is nothing, it can't operate without sellers, we do have far more clout than we would think. That's why other selling platforms are forming, they just need sellers to vacate the eBay boat - yes it's a hassle but if you work with the devil, you play by it's rules. And they seem to be more intolerant of seller concerns.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
kind.sole
Posts: 1,110
(21 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 6:21 AM
This is disturbing news when you consider the eBay empire is implementing buyer protection policies and offering total complete coverage of their purchase when using Paypal. It just takes a handful of buyers to fleece the system and demand payback because they just might get a refund without having to return anything, or have a partial refund because the seller's becoming concerned on being landed with negative feedback. Or even because the time and hassle dealing with such claims overrides fighting it.

I don't know how they can not see how this opens the door wide open for people who want to be thieves.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
teddibubbles
Posts: 1,665
(22 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 8:22 AM
wow
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
3405terry
Posts: 143
(23 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 10:01 AM
"A reserve is like a security deposit for your PayPal account and is standard practice in the payments industry, especially for retail segments like Toys & Hobbies where there is a higher-than-average risk of reversals or chargebacks. This does not mean that you have done anything wrong. We are requiring a small reserve in your account because you sell in a category that has a higher risk of reversals and chargebacks and because you are relatively new to PayPal as a seller. "

Who else does this? Never heard of such a thing!
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
windorphin
Posts: 7,896
(24 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 10:10 AM
It's a pretty standard thing for merchant accounts if you are high risk. Not very common for your run of the mill retailer... but eBay being what it is... and the plethora of amateur and/or careless sellers -- added to the already precarious situation of having items of various used condition, where you cannot see it in front of you and cannot touch it to gauge for yourself... pretty much makes all sellers high risk.

Don't get me wrong. I think this is overkill.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
treo-2go
Posts: 1,330
(25 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 12:13 PM
I guess sellers are lucky they are only taking 10% (somehow combined with the 21day general holds?)

With no apparent regulations it seems like they could have went after 20/40/ 60% or even more.
;)
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
sojo2004
Posts: 6,661
(26 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 12:39 PM
Didn't we hear that this policy was going to go into effect for the UK in a big way? OP, are you a USA seller? I fully expected it to eventually extend here, but not without some sort of notice.

sojo


Photobucket

Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
mimiluvspappy13
Posts: 9,349
(27 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 1:23 PM
"Didn't we hear that this policy was going to go into effect for the UK in a big way? OP, are you a USA seller? I fully expected it to eventually extend here, but not without some sort of notice. "



It is in the paypal user agreement:

10.5 Reserves for Premier and Business Accounts. PayPal, in its sole discretion, may place a Reserve on funds held in your Premier or Business Account when PayPal believes there may be a high level of risk associated with your Account. If PayPal places a Reserve on funds in your Account, they will be shown as “pending” in your PayPal Balance. If your Account is subject to a Reserve, PayPal will provide you with notice specifying the terms of the Reserve. The terms may require that a certain percentage of the amounts received into your Account are held for a certain period of time, or that a certain amount of money is held in reserve, or anything else that PayPal determines is necessary to protect against the risk associated with your Account. PayPal may change the terms of the Reserve at any time by providing you with notice of the new terms.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
mimiluvspappy13
Posts: 9,349
(28 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 1:30 PM
Now the question is why are some of these sellers who have never had a chargeback and do not sell high risk items still getting the reserve put on them.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
)
hioctane62
Posts: 3,082
(29 of 69)

Re: New PayPal 60-Day Payment Holding

Jun 24, 2009 2:05 PM
Now the question is why are some of these sellers who have never had a chargeback and do not sell high risk items still getting the reserve put on them.

How else is eBay going to keep snowing investors by posting profits in the 3rd quarter? They tried to be sneaky about it... with all the "glitches" that resulted in paypal holding money that wasn't theirs, then the 21 day holds, which resulted in MANY more sellers leaving eBay, so that didn't quite work. NOW, they say they need a security deposit floating in their hands PERMENANTLY. This will give them perpetual billions to invest and/or earn interest on.

The best response for any seller getting put in this "hold" thing is to stop selling here, and stop using paypal.

2 years ago I was working toward building a full time eBay business. Now, I seriously doubt I will EVER sell here again. They just really don't care if YOU profit or not, as long as THEY do.
Reply
Name:
Email:
 
Tip: To create a link - type the desired text, highlight it with your mouse and click[Click for url tag]
Tags:
 
Page: of 5

New to eBay Boards? Try a visit to our Community Discussion Boards Help and Welcome Center .

Want to visit another board? You can view our Community Overview Page or select from these lists:

Community Help Boards:

eBay Tools Boards:

Category-Specific Boards:

General Discussion Boards:


Feedback Forum | Discussion Boards | Groups | Answer Center | Chat Rooms | Community Values

About eBay | Announcements | Security Center | Resolution Center | eBay Toolbar | Policies | Government Relations | Site Map | Help
Copyright © 1995-2009 eBay Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the eBay User Agreement and Privacy Policy.
eBay official time
hosted by LiveWorld