ebay and Paypal funds
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2lt_Scort
2015/02/14 13:19:33
ebay and Paypal funds
Whats the deal with PayPal funds these days?
Just heard if you sell and are paid via PayPal they hold funds for up to a month after transaction? Think of the interest being made on all the funds being 'held'.
edit: Just researched and came up with the following:
While you establish your selling track record, access to funds from buyer payments may be delayed to help ensure items are sent as promised. Rest assured this is a temporary situation.
As soon as you meet all of the following criteria, payments from your buyers will generally be available immediately:
It's been more than 90 days since your first successful sale
and
You've had more than 25 sales transactions
and
You've had more than $250 in total sales
and
Back to Gumtree I guess until eBay wreck that too.
1 comment
PeterM
2015/02/14 19:11:11
Sounds like just for the new sellers while they establish a track record.
What happens if the buyer does not leave feedback?
Or if the buyer pulls a swifty and says he hasn't received the goods.
But yes, eBay and Paypal are powers unbeknown to themselves.
eg. It is no longer possible to email eBay if you have a dispute or a problem. Only "live chat".
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