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.
???
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