General Banter > Audio Geek Meeting!!!

Paypal can suck it

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Reverend:
I sold a piece of musical equipment last week, it had been a long time (six months) since i've sold anything on ebay.  I looked at paypal and it appears they have a new policy about not releasing funds? 

Here's the explanation:

Why aren’t my funds available as soon as my buyers pay?
Here are the most common reasons why:

You have a Below Standard seller rating on eBay
You have a limited selling history on eBay, which means that any of the following are true:
It’s been 90 days or less since your first successful sale on eBay, or
You’ve made 25 or fewer sales transactions on eBay, or
You’ve sold $250 or less on eBay

I have a 100% ebay rating with over 450 transactions, a Bill Me Later line of credit and they are holding $100 for up to 21 days because I didn't use them to print out a shipping label or because I haven't sold anything in awhile?  WTF?

SunnyDaze:
Out of curiosity, when you went to transfer the money to your account, did it give you the standard 3-4 day wait message or did it tell you that it could take up to 21 days from that point?

I just transferred to my account from PayPal after not selling for quite a while and it told me 3-4 days. I printed the labels on ePay, not PayPal. Weird. Sorry to hear about your issues.

Reverend:
This was the header that was across my paypal MyAccount page:



If I click on the "get it sooner" link I get this explanation.  The only thing I didn't do was use ebay or paypal to create my shipping label.  I have a fedex account.

Bunni:
Same thing happened to us, Anders had been selling on Ebay for 11 years, and suddenly the last sale made us wait..had to pay out of pocket to ship the item while waiting.  Of course we didn't really have "out of pocket" at the time, which was the reason for the sale. 

We haven't bothered to do it again.  Just isn't what it used to be.  They seem to be discouraging "yard sale" type sellers in favor of more consistent sellers, businesses, that type of thing.  If you only sell occasionally, it's not worth it.

Bunni:
Oh and he has 100% positive feedback as well.  None of it matters.

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