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Thread started 07 Jan 2009 (Wednesday) 20:51
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Paypal fund status "on hold-ship now"?

 
psinkant
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Jan 07, 2009 21:14 |  #16

SwiftFootTim wrote in post #7028242 (external link)
IT has to do with Ebay's new structure. If you have under 100 sales or some number, and then you sell an item over $100.00. They hold the funds until 3 days after an item is shown as having been delivered, feedback is left, or 21 days after the close of the auction. All in the name of protecting the buyer.

what he said...

I sold something on ebay 2 months ago and they held my money until the buyer left me a positive feedback..I got my money eventually.


-FF and crop bodies w/ some lenses and S90-

  
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bobjames
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Jan 07, 2009 21:15 as a reply to  @ post 7028294 |  #17

Suppose I sell a mint 50D for $900.
The buyer sends Paypal the money.
Paypal asks me to ship, funds being "on hold".
The buyer receives the camera in perfect condition.
However, he notifies Paypal/eBay that the camera is defective, or that there was a rock in the box and no camera, or some other story.
Will Paypal refund his money? Will Paypal wait until he ships the camera/rock back to me and shows proof of shipment?
Sounds like I might be out $900 through this noble Paypal/eBay effort to protect the buyer.




  
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bobjames
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Jan 07, 2009 21:17 |  #18

quack332002 wrote in post #7028323 (external link)
Thanks. I'll head to the post office and ship it off. Thanks!

AGAIN, DO NOT SHIP!! Read my post about possible fraud.




  
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ed ­ rader
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Jan 07, 2009 21:17 |  #19

bobjames wrote in post #7028294 (external link)
Are Paypal/eBay paying interest on the 21 days???

with the current interest rates that would be about a nickel :D.

ed rader


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Samgoit
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Jan 07, 2009 21:19 as a reply to  @ psinkant's post |  #20

I use FedEx (often cheaper than USPS). If you don't ship via paypal's automated system, you can still enter a tracking # on their site. Once the item is delivered you can call PayPal and have them release your funds before the 21 days are up. This is even without buyer feedback.




  
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showngo
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Jan 07, 2009 21:19 |  #21

I just went through this on a $2000 sale. It worked out fine. It all comes down to trust. This is basically escrow.

Yeah it would be nice if you got interest, but you don't.

eBay / Paypal are all about the buyer lately, really getting on my nerves. You should trust Paypal, not the buyer. Take pictures of your packaging and everything and send it off. Then if you have problem get a hold of Paypal with your proof.

My 2 cents.


Ben
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bobjames
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Jan 07, 2009 21:22 as a reply to  @ showngo's post |  #22

eBay / Paypal are all about the buyer lately, really getting on my nerves. You should trust Paypal, not the buyer. Take pictures of your packaging and everything and send it off. Then if you have problem get a hold of Paypal with your proof.

Like that's gonna work.
A buyer can claim the seller took all the pictures he wanted and still shipped a rock.




  
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Samgoit
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Jan 07, 2009 21:23 |  #23

bobjames wrote in post #7028353 (external link)
AGAIN, DO NOT SHIP!! Read my post about possible fraud.

PayPal does do this. If you login directly to the site, it will show On Hold - Ship now under Account history




  
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markubig
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Jan 07, 2009 21:24 |  #24

so how does paypal/ebay determine what gets held and what doesn't? I sold 2 cameras on the same day and the funds from the cheaper sale was held. I got the funds from the more expensive sale immediately.

Another problem I have with this system is that people tend procrastinate on leaving feedback. I had to send a few emails to the buyer to ask him to give me the feedback because I couldn't get my money until he did.


~Mark
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ddjchemist
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Jan 07, 2009 21:24 |  #25

Are you sure that you are not scammed? Make sure to log-in your PayPal account directly through PayPal.com. Do not log-in by opening any link in your email. I sold hundreds of items on eBay and have never had the same experience you had. If buyer uses e-check, PayPal indicates to hold the funds until the check clears.


DDJ

  
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markubig
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Jan 07, 2009 21:26 |  #26

ddjchemist wrote in post #7028412 (external link)
Are you sure that you are not scammed? Make sure to log-in your PayPal account directly through PayPal.com. Do not log-in by opening any link in your email. I sold hundreds of items on eBay and have never had the same experience you had. If buyer uses e-check, PayPal indicates to hold the funds until the check clears.

i think we're all pretty sure it's not a scam . . . it's happened to a bunch of us already and we've all received our funds (well . . . at least I have)


~Mark
Canon 7D |40D
Canon EF-S 17-55 f/2.8 IS USM | Tamron SP 70-200 f/2.8 Di VC USD | Canon EF-S 60mm f/2.8 MACRO USM

Canon Speedlites 580exII, 5800ex

  
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Samgoit
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Jan 07, 2009 21:27 |  #27

markubig wrote in post #7028407 (external link)
so how does paypal/ebay determine what gets held and what doesn't? I sold 2 cameras on the same day and the funds from the cheaper sale was held. I got the funds from the more expensive sale immediately.

Basically, it's at their will. I called and was given a few variables:
Amount of $$$
Ebay Feedback # and type

Another problem I have with this system is that people tend procrastinate on leaving feedback. I had to send a few emails to the buyer to ask him to give me the feedback because I couldn't get my money until he did.

I had this problem, too. After you can show a package has been delivered, they can release the funds if you phone them without buyer feedback.




  
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Scout7id
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Jan 07, 2009 21:30 |  #28

ddjchemist wrote in post #7028412 (external link)
Are you sure that you are not scammed? Make sure to log-in your PayPal account directly through PayPal.com. Do not log-in by opening any link in your email. I sold hundreds of items on eBay and have never had the same experience you had. If buyer uses e-check, PayPal indicates to hold the funds until the check clears.

You sold HUNDREDS of items. This is a relatively new policy of eBay/Paypal. UNDER ONE HUNDRED transactions and you get flagged and your money is held.


-- Don Fuller --
I am a veteran. At seventeen I wrote a blank check payable to the "United States of America" for an amount up to and including my life.

  
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markubig
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Jan 07, 2009 21:33 |  #29

Scout7id wrote in post #7028454 (external link)
UNDER ONE HUNDRED transactions and you get flagged and your money is held.

oh crap, so considering that i only sell 1 (maybe 2) items a year, i will be 75 years old when I get the free pass :rolleyes:;):p


~Mark
Canon 7D |40D
Canon EF-S 17-55 f/2.8 IS USM | Tamron SP 70-200 f/2.8 Di VC USD | Canon EF-S 60mm f/2.8 MACRO USM

Canon Speedlites 580exII, 5800ex

  
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Samgoit
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Jan 07, 2009 21:34 |  #30

Scout7id wrote in post #7028454 (external link)
You sold HUNDREDS of items. This is a relatively new policy of eBay/Paypal. UNDER ONE HUNDRED transactions and you get flagged and your money is held.

It's is based on value as well. I believe it's $100. I have less than 100 feedback. I have sold a few things recently. Anything under $100 was not put on hold.




  
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Paypal fund status "on hold-ship now"?
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