PayPal funds... On Hold.

edited September 2009 in Chit chat
So what the hell are PayPal up to now?

Someone pays you using PayPal because they want the goods quickly. I get the money instantly and post the goods the same day. Everyone's happy.

Not any more.

Now the funds go into your account, but you can't post the item as the funds won't clear until 21 days have passed! People won't wait that long, especially when I state that I post within 4 days of receiving payment. What are they thinking? There's no way I'm going to post anything without first having the money in my bank. Nobody would. They say that they're doing this to speed-up transactions. Nope, they've just killed my ebay selling, stone-dead.

No warning.

Nothing.
Post edited by Graz on

Comments

  • edited September 2009
    Did they pay by e-check? It may help to find out if they did, cos' if they do it can take up to 3 weeks to clear, it's only if it's direct debit or credit card that it's payed in straight away.

    Of course if this now applies to all transactions then that really is a big bunch of arse.
    Every night is curry night!
  • edited September 2009
    No it wasn't an e-cheque. They're okay, I don't mind them. This is just a standard PayPal payment. Is that how it's going to be from now on? Crazy bastards.
  • edited September 2009
    It's eBay that's introduced this policy. They say it's for a 'small number' of transactions where there's a risk of dispute. In other words, anyone who hasn't got a huge seller's feedback rating, or anyone they feel like. I can't see anyone who'd want to sign up as a new seller now.
    Joefish
    - IONIAN-GAMES.com -
  • edited September 2009
    <rant>Don't even get me started on eBay and PayPal. They make up their own rules and are apparently answerable to no-one. They give you some crap about doing everything to "protect you from fraud" but this involves taking money out of your account without giving you any reason, sending generic replies to any queries and their "buyer protection policy" is basically this: no tracking = buyer gets the money back irrespective of reason.

    I even got them to admit (after 6 emails!) the last time they pulled this stunt on me that it wasn't even to do with non-receipt of goods, the buyer's payment had been "allegedly" been "unauthorised" even though he emailed me asking where the goods "allegedly" were and he was able to buy numerous other items on eBay during the dispute period without any of those payments being mysteriously "unauthorised". They recommended that I didn't send the goods out. Nice one. This was 5 days after I'd posted them as I stupidly thought you were supposed to send goods within a reasonable amount of time after receiving payment.

    Anyway, now good old moody Ann Robinson is back on Watchdog maybe we could send her in to PayPal UK and kick some ass? They bloody need it!!</rant> :-x
  • edited September 2009
    Good idea. What they need is mainstream exposure. Since Paypal is regulated by the Financial Services Authority in the UK, there's no way the separate interests of eBay should be controlling how they conduct transactions.
    Joefish
    - IONIAN-GAMES.com -
  • edited September 2009
    I've often thought of selling things on ebay but everytime I warm up to it, it looks like I would get less and less of the pie and the transaction become more and more complicated.

    I've always found it cheaper either to give stuff to the charity shops or to the local landfill.

    How does the ebay/PayPal rules apply if you state in your selling terms that items will only be posted after cleared funds have reached your bank account?
  • edited September 2009
    I use ebay and PayPal a fair bit, but over the years since I joined ebay (nearly nine years now), I've become less and less satisfied with how they operate.

    A few years back, I went through a few weeks of insisting on cheque payments only. Unfortunately I doubt I could do this now, as so few people have chequebooks. What is needed is a cheap, independent, viable alternative to PayPal - shame there isn't one.
  • edited September 2009
    MattLamb wrote: »
    IWhat is needed is a cheap, independent, viable alternative to PayPal - shame there isn't one.

    Their are alternatives to paypal, it just you haven't looked. Firstly their is google checkout:-

    https://www.google.com/accounts/ServiceLogin?service=sierra&continue=https%3A%2F%2Fcheckout.google.com%2Fmain%3Fupgrade%3Dtrue&hl=en_GB&nui=1<mpl=default

    ...and here are some threads on this page, which give pro's and con's of a few more....

    http://www.youngentrepreneur.com/forum/f10-e-commerce/alternatives-to-paypal-your-top-picks-for-merchant-accounts-5496.html

    My comments regarding e-bay:-
    They don't give a toss about their customers. I been collecting evidence against a fraudster in Hong Kong who sells fake capacity SD cards on e-bay. Out of 10 e-bayers I contacted, all had the same problem... Frankenflash SD cards (fake SD cards sold as 32gb, but their real capacity is 4gb). Reported the fraudster to e-bay to inform they were counterfeits, and they do bugger all, and the fraudster is still raking in loads of cash via counterfeit goods!

    A good alternative to e-bay is www.ioffer.com. Ordered from them many times in the past and had no issues.
  • edited September 2009
    Their listings seem to me just as stuffed with fraudulent descriptions, misleading titles and pirate product as eBay.
    Joefish
    - IONIAN-GAMES.com -
  • edited September 2009
    MattLamb wrote: »
    I use ebay and PayPal a fair bit, but over the years since I joined ebay (nearly nine years now), I've become less and less satisfied with how they operate.

    A few years back, I went through a few weeks of insisting on cheque payments only. Unfortunately I doubt I could do this now,


    indeed you can't, ebay now forbid you to ask for i.e cash only on collection, they force you to offer pay-pal, and prohibit you from promoting any other form of payment in preference to it, though you can still take cheques, you can't state only cheques and postal orders for instance. They must be in addition to poo pal.

    They don't really seem to want small scale selling on there anymore.
  • edited September 2009
    unfortunatley...............

    Paypal will NOT allow you to gave goods picked up or delivered in person because it requires online trackable proof of delivery!!

    the ONLY (for most people) way of being covered by their so called insurance is to use special delivery!
    note - normal 'recorded' delivery won't work!! (i've been stung a couple of times)

    if you sell on ebay a low value item, just get a 'proof of delivery' docket at the post office...it's free and covers you to 18 quid....they hate giving them out as it takes a few seconds work to print :-P
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