PayPal is now holding funds when you SELL an item on eBay. I've had it. I closed my eBay account today and am waiting for my money so I can close PayPal. I sold a phone system for $49.99 on eBay. They sent me a message saying they were putting the funds on hold until I ship the item. It said SHIP NOW. The message said my funds MIGHT clear sooner if 1. I provide a tracking number and prove delivery, or 2. The buyer gives me positive feedback.
This has gone beyond ridiculous. I have provided them a tracking number and proof of delivery THREE times, and guess what??? Now I'm out money and a phone system. Just be careful of PayPal, folks. I'm closing it and regaining control of my own funds.
P.S. Here is the message you get:
Payment Review has been completed and a temporary hold has been placed on this transaction.
To get the funds sooner, please ship right away. We'll release the hold after 21 days unless you receive a dispute, claim, chargeback, or reversal on the transaction.
We may release the hold earlier if:
The buyer leaves you positive feedback on eBay
We confirm that the item was delivered.
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