eBay and PayPal are placing 21-day 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 PayPal for my sales. PayPal has placed 21-day holds on $277.00 of this money that I have earned. The small balance left for me to work with prevents me from shipping the items that I have sold to the people who have bought and paid for these items.
I asked a PayPal supervisor, who stated he wasn't "allowed" to give me his last name and identified himself as "Chris, I.D. Number 41467," and he said that these "holds" will continue until I have either been a member in good standing with eBay for 6 months or 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 PayPal is holding it for 21 days.
The final question I asked the PayPal 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.
???
0 comments