anyone notice paypal/ebay now withholding your money longer?

6spdg37s · 09-05-2012, 09:39 AM

Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly.

All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days?

WTF!!!

Bimmer84 · 09-05-2012, 10:23 AM

Quote:

Originally Posted by 6spdg37s

Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly.

All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days?

WTF!!!

21? Something must be up.. there is no way that is right.

Seminole · 09-05-2012, 10:36 AM

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

bolinp78 · 09-05-2012, 10:55 AM

they be floatin those bills

bga23 · 09-05-2012, 10:55 AM

Quote:

Originally Posted by Bimmer84

21? Something must be up.. there is no way that is right.

Agree, 21 days is waaaay too long. There are no US banking transactions that take that long to clear.

Was your buyer outside of the US?

N 5 4 · 09-05-2012, 10:58 AM

Don't ship until funds cleeeeear! Let buyer know what's going on.

N55 · 09-05-2012, 11:24 AM

^+1

21days is not normal. Either your buyer was international, or there is something going on.

6spdg37s · 09-05-2012, 12:36 PM

Quote:

Originally Posted by bga23

Agree, 21 days is waaaay too long. There are no US banking transactions that take that long to clear.

Was your buyer outside of the US?

nope in NY state

Quote:

Originally Posted by BA335iS

Don't ship until funds cleeeeear! Let buyer know what's going on.

its shipped cause paypal said once a tracking number is displayed it will be released quicker

Quote:

Originally Posted by N55

^+1

21days is not normal. Either your buyer was international, or there is something going on.

same thing on my gf's account with stuff but i figured cause hers was unverified. but mine is verified and been selling stuff on ebay for years with only positive feedback !

now that it was marked shipped and tracked and recieved by buyer , it says the money will be released friday sept 7th.

but usually in the past it releases instantly to your paypal account.

MediaArtist · 09-05-2012, 12:39 PM

Quote:

Originally Posted by Seminole

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

There are certain restrictions on doing that per state because you are in essence acting like a bank.

j_marinelli · 09-05-2012, 01:14 PM

That is a little strange. It takes 3-4 days for it to go into my business checking once I transfer the funds. You actually scared me so I just double checked my account

bmw-nj · 09-05-2012, 04:39 PM

if the buyer leave positive feedback it should automatically be released

gizmo83 · 09-05-2012, 05:58 PM

It depends on the shipping you put and if you allow returns. They hold the money incase the buyer wants a refund. When you provide a tracking number and it's delivered the funds are usually released.

panicos81 · 09-05-2012, 07:20 PM

21 days happened to me on ebay.com on ebay.uk it doesnt. dont know why, maybe because i was an international seller, but it took that long.

yakev724 · 09-05-2012, 08:52 PM

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

6spdg37s · 09-05-2012, 09:05 PM

Quote:

Originally Posted by yakev724

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

I am going to call and yell at them tomorrow as well then ... maybe threaten to not use them anymore? Its not like I have a business taht depends on it i just use it for casually selling items

persian54 · 09-05-2012, 09:47 PM

Quote:

Originally Posted by 6spdg37s

I am going to call and yell at them tomorrow as well then ... maybe threaten to not use them anymore? Its not like I have a business taht depends on it i just use it for casually selling items

You'll be better off if you're respectable and polite.... instead of being rude and threatening them

Hawkeye · 09-06-2012, 11:17 AM

Quote:

Originally Posted by yakev724

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

+1 Same thing with me. Except no international payments.

Quote:

Originally Posted by persian54

You'll be better off if you're respectable and polite.... instead of being rude and threatening them

I was definitely not polite as I have had nothing but good feedback and they pull that crap. I just flat out told them I would stop using their business. They changed it the next day after telling me there was nothing they could do when I talked to them.

I still haven't used them again. So shady.

smyles · 09-06-2012, 12:03 PM

Quote:

Originally Posted by Seminole

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

Have you checked the LIBOR lately?

OC Guy · 09-06-2012, 04:03 PM

New sellers are subject to this.

6spdg37s · 09-06-2012, 04:14 PM

on the phone with them now ....

DanielGonz · 09-06-2012, 07:15 PM

Just sold my car a few weeks ago, paypal had it all transferred in 4 days.

6spdg37s · 09-06-2012, 07:35 PM

Quote:

Originally Posted by DanielGonz

Just sold my car a few weeks ago, paypal had it all transferred in 4 days.

they put a note on my account that allows money to be released instantly or something now .

09-05-2012, 09:39 AM	#1
6spdg37s Captain 76 Rep 753 Posts Drives: none Join Date: Aug 2012 Location: dirty jerz iTrader: (3)	anyone notice paypal/ebay now withholding your money longer? Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly. All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days? WTF!!!
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09-05-2012, 10:36 AM	#3
Seminole Colonel 482 Rep 2,032 Posts Drives: Red Flyer Join Date: Aug 2008 Location: 38.8977° N, 77.0366° W iTrader: (2) Garage List 2008 E90 328i [7.00]	Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money. __________________
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09-05-2012, 10:55 AM	#4
bolinp78 G35 convertee 69 Rep 1,008 Posts Drives: 2008 335i (AW) Join Date: May 2008 Location: . iTrader: (1)	they be floatin those bills __________________
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09-05-2012, 10:58 AM	#6
N 5 4 Turbonator 27 Rep 261 Posts Drives: E92 335iS Join Date: Jan 2012 Location: Bay Area, Ca iTrader: (0) Garage List 2012 BMW 335iS [8.00]	Don't ship until funds cleeeeear! Let buyer know what's going on. __________________ (<OO\ (III] [III) /OO>)
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09-05-2012, 11:24 AM	#7
N55 ⒸⒺⓇⓉⓘⒻⒾⒺⒹ✬ⓃⒾⓃⒿⒶ 137 Rep 1,476 Posts Drives: 🚀 Join Date: Nov 2010 Location: Pittsburgh iTrader: (3) Garage List 2015 BMW M4 [0.00] 2012 BMW 335IS (SOLD) [6.84] 2011 BMW 335XI (SOLD) [4.66] 2008 BMW 335xi (SOLD) [10.00]	^+1 21days is not normal. Either your buyer was international, or there is something going on. __________________ 2008 335xi E90 - Sold - > 2011 335xi E90 - Sold - > 2012 335IS E92 Crimson Red - SOLD > 2015 M4 Yas Marina Blue SOLD> 2019 McLaren 570s SOLD 2015 Lamborghini Huracan
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09-05-2012, 01:14 PM	#10
j_marinelli Private First Class 515 Rep 145 Posts Drives: 2015 Mustang GT Join Date: Aug 2012 Location: Spring Branch, TX. iTrader: (2)	That is a little strange. It takes 3-4 days for it to go into my business checking once I transfer the funds. You actually scared me so I just double checked my account
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09-05-2012, 04:39 PM	#11
bmw-nj Captain 110 Rep 700 Posts Drives: 2014 BMW 335 xdrive M sport Join Date: Apr 2011 Location: Hillsborough, NJ iTrader: (1)	if the buyer leave positive feedback it should automatically be released
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09-05-2012, 05:58 PM	#12
gizmo83 Private 7 Rep 96 Posts Drives: Z4 3.0i Join Date: Mar 2009 Location: Socal iTrader: (0)	It depends on the shipping you put and if you allow returns. They hold the money incase the buyer wants a refund. When you provide a tracking number and it's delivered the funds are usually released.
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09-05-2012, 07:20 PM	#13
panicos81 Colonel 237 Rep 2,327 Posts Drives: a white bmw Join Date: Aug 2008 Location: Cyprus iTrader: (2) Garage List 2010 BMW E92 [8.54] 2007 e90 [0.00]	21 days happened to me on ebay.com on ebay.uk it doesnt. dont know why, maybe because i was an international seller, but it took that long. __________________ E90post E9x photo game= 67[70-3] COTM 06/11 http://www.e90post.com/forums/showthread.php?t=531094 My webpage. Feel free to visit My 500px
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09-05-2012, 08:52 PM	#14
yakev724 Brigadier General 245 Rep 3,563 Posts Drives: 15 S3 Join Date: Jul 2010 Location: NYC iTrader: (49)	This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks. I ended up calling and telling them how I felt about it. Everything went back to normal several days later. I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.
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09-06-2012, 04:03 PM	#19
OC Guy General 559 Rep 18,123 Posts Drives: AW 335D E90 Join Date: Oct 2006 Location: Irvine/Aliso Viejo, CA iTrader: (9) Garage List 2007 335i [0.00]	New sellers are subject to this. __________________ Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics
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09-06-2012, 04:14 PM	#20
6spdg37s Captain 76 Rep 753 Posts Drives: none Join Date: Aug 2012 Location: dirty jerz iTrader: (3)	on the phone with them now ....
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09-06-2012, 07:15 PM	#21
DanielGonz Lieutenant 20 Rep 564 Posts Drives: AW E92 335i 6 speed Join Date: Apr 2012 Location: SoCal (OC) iTrader: (0)	Just sold my car a few weeks ago, paypal had it all transferred in 4 days.
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