Paypal 21 day hold - anyone else?

Canon RF 24-70mm f/2.8 L IS

02/07/2012 09:09:10 AM · #1

We got an email yesterday from paypal stating that our account has been reviewed and now whenever i sell something, the money i receive will be placed on hold for 21 DAYS in case there are any disputes.

So now when i sell an item, i have to send the item before i can get payment for it and i cant get the money for 21 days after i sell the item and there aren't any disputes.

for the record i have bought and sold over 220 things on ebay with 100% feedback, the only dispute i ever had was when i was the buyer and my item (from china) never showed up and that was over a year ago.

i just sold two lenses and the sales went off without a hitch. in fact i also bought three lenses, one got damaged in transit damaged, the seller refunded without any issue and paypal never had to get involved so why is my account being restricted like this?

paypal is going too far to protect buyers and alienating the sellers, this has been going on for sometime. If i cant get my money for nearly a month, im not using ebay. ebay's fees are astronomical and i only use them when i need to sell fast. screw them. if i cant get the money quick why bother?

has this happened to anyone else?

kirbic

Canon EOS R5

02/07/2012 09:36:02 AM · #2

If I got this message, I would respond by asking why. It's possible they made a mistake (though unlikely). If they cannot provide a satisfactory answer, tell them "it is with regret that I must inform you that your terms are no longer attractive, and that I will no longer sell items using your service."

MargaretNet

Sony DSC-RX100 VII

02/07/2012 09:38:17 AM · #3

IT hasn't happened to me yet but I was shocked by the current Paypal fees - 7% !!! That's a crazy rip off!

o2bskating

Canon EOS-350D Rebel XT

Canon EF-S 18-55mm f/3.5-5.6

02/07/2012 09:39:54 AM · #4

what's western union's fees? they have a service like pay pal's

ShutterRev

02/07/2012 09:42:58 AM · #5

vicky22u@yahoo.com is getting her revenge, one DPC pay-paler at a time.

MargaretNet

Sony DSC-RX100 VII

02/07/2012 09:42:58 AM · #6

Originally posted by MargaretN:

IT hasn't happened to me yet but I was shocked by the current Paypal fees - 7% !!! That's a crazy rip off!

Sorry, my mistake, 7% was eBay fee. I got the money via bank transfer - no fees at all. I avoid Paypal for selling if I can.

tjbel05

Nikon Z9

Nikon NIKKOR Z 70-200mm f/2.8 VR S

02/07/2012 09:46:05 AM · #7

I got this message after I sold my daughters clarinet. The buyer changed their mind and I gladly refunded them their money. I then sold it to a different buyer, who was excited to receive it. I then got the same message from pay pal. I assumed it was because I don't transact through ebay or pay pal very much. It is also furthur reason not too in my case. I hate paying money to a service I just don't need. I would rather do the face to face thing, even if it means it takes longer to sell an item.

Olympus 12-40mm f/2.8 Pro

02/07/2012 09:54:29 AM · #8

Originally posted by MargaretN:

Originally posted by MargaretN:
IT hasn't happened to me yet but I was shocked by the current Paypal fees - 7% !!! That's a crazy rip off!

Sorry, my mistake, 7% was eBay fee. I got the money via bank transfer - no fees at all. I avoid Paypal for selling if I can.

actually its 9% for ebay and then they hit you with the paypal fee on top of it.

Tiny

Apple iPad mini 4

02/07/2012 11:20:43 AM · #9

This sounds really strange I have used Paypal !00s of times on Ebay and many of other places with never any problem. I would do as suggested earlier and ask why ? It sounds wrong.

slickchik

OM System OM-1

02/07/2012 11:34:16 AM · #10

Are you sure this was an email from Paypal. I've gotten similar emails and if you drill down and look at the coding (for lack of a better term) in the email, you will see it actually is a phishing email. If you click the link, you get taken to a fake Paypal site and enter your personal information and then you are screwed.

Message edited by author 2012-02-07 11:35:18.

Apple iPhone 5

Nikon AF-S DX Zoom-Nikkor 18-55mm f/3.5-5.6 ED

02/07/2012 02:41:02 PM · #11

Yeah, it sounds like a phising email to me as well. Check the link carefully, don't click it. Email PayPal directly asking them if it's a genuine email.

alanfreed

Nikon Z9

Nikon AF-S NIKKOR 24-70mm f/2.8G ED

02/07/2012 03:07:52 PM · #12

Originally posted by JH:

Yeah, it sounds like a phising email to me as well. Check the link carefully, don't click it. Email PayPal directly asking them if it's a genuine email.

As someone who gets phishing schemes multiple times a day, I actually don't think this is one. Obviously be sure that if they're asking you to log into your account, you want to be darned sure it's PayPal's site and not some doofus in Nigeria.

Anyway, you might check this link to see if this is relevant to your case...

Kelli

Canon EOS-D60

Canon EF 28-135mm f/3.5-5.6 IS USM

02/07/2012 03:08:46 PM · #13

No, it's legit. Here's the faq's https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=security/paypal_holds_faq. The thing is, if you're ever involved in any disputes or file a claim it will happen to you.

Canon EF 100-400mm f/4.5-5.6L IS

02/07/2012 03:51:37 PM · #14

no its legit i checked it last night.

so according to the fyi my account got flagged for a few of these i guess.

You have limited history or selling activity with eBay and PayPal
You have low Detailed Seller Ratings, negative Feedback or other indication of below-standard performance on eBay
You have a high rate of customer refunds, disputes, claims or chargebacks
You're selling in a high risk category or industry such as, but not limited to, tickets, travel, gift certificates, computers, consumer electronics, or cell phones
Your business or selling activity is inconsistent. For example, you have a spike in selling activity, your average selling price changes, or you started selling in a new category without an established history in that category
The account information you have provided is incomplete or inaccurate, or we're uncertain with the information you've provided
Your withdrawal activity has changed

pretty dumb. considering i haven't had any issues.

Message edited by author 2012-02-07 15:51:57.

Strikeslip

Canon EOS-5D

02/07/2012 04:11:02 PM · #15

So a guy with an A+ credit rating wants to buy a hot tub. The dealer says, hey, you don't typically buy hot tubs, so your credit is no good here.

Art Roflmao

Canon EOS-6D Mark II

Canon EF 24-105mm f/4.0L IS

02/07/2012 04:18:56 PM · #16

It's happened to me a couple times as well. No disputes, just same reasons cited by Mike - high-risk category, inconsistent selling, etc. I think it's bullshit, but I am guessing they began doing it in response to scammers who build up a reputation on low-level sales and then go for one or two (or many) big 'scam' sales.

Clearly we are all on the wrong side of the law. ;-)

ps: Slippy, your request for a hot tub is denied.