New PayPal Policy Changes?

Full Member
dwmgoods35
Posts: 310
Joined: 19 Feb 09
Karma: 
14 Jan 10 04:33:20 am
Hey guys I just read that PayPal will be instituting a new policy that if you make less than $20,000 in sales they hold payments for 21 days! yup you read it correct. If you want head over to Auctionbytes to check it out. I suggest more people start signing up with PayMate and Moneybookers. Before they start this!

Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
14 Jan 10 05:30:15 am
Thanks for sharing this Don - this is something awfully BIG!

Here's the link:

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We tried checking out any possible leads or announcements by both eBay or PayPal on this but couldn't find anything yet...now is probably the best time to explore other 3rd party payments processors. Good luck to us all!

Cheers!


Richelle

Customer Support Manager
SaleHoo Group Limited
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Full Member
dwmgoods35
Posts: 310
Joined: 19 Feb 09
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14 Jan 10 05:47:08 am
No problem Richelle!,

Yes I thought this was very important to share because this basically would paralyze a big chuck of ebay sellers.

Site Admin
fudjj
Posts: 5913
Joined: 27 Jul 07
Karma: 
14 Jan 10 06:11:35 am
Now that sort of policy is really going to increase their market share!


Mark (fudjj)

Community Manager
SaleHoo.com

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Full Member
bacpro
Posts: 331
Joined: 16 May 06
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15 Jan 10 01:56:53 pm
My suggestion to this situation is get a Paypal Debit card. (Its free)


John (aka bacpro)


J Baca
Full Member
dps103
Posts: 44
Joined: 11 Dec 09
Karma: 
15 Jan 10 02:16:56 pm
Can you elaborate on how the Paypal debit card solves this issue?
Thanks.

Full Member
bacpro
Posts: 331
Joined: 16 May 06
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15 Jan 10 02:56:25 pm
Simple, You can use your debit card anywhere, the money you have in Paypal is available the minute you get it from a sale. Sure if you want to transfer some money from paypal to your bank it takes a few days but when its in your account in paypal you can use it right away. With a debit card.

John (aka bacpro)


J Baca
Full Member
dwmgoods35
Posts: 310
Joined: 19 Feb 09
Karma: 
15 Jan 10 03:56:37 pm
Hi Bacpro,

Just so you know the hold for 21 days bit means that you do not have access to those funds. Meaning if you have a debit card those new funds are not available to you for 21 days.

Hope that helps clearify.

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