Paypal to Keep payment for 21 Days on Ebay auctions!

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grahamg
Posts: 383
Joined: 12 Jul 07
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14 Feb 08 03:56:58 pm
Have you heard.... :x :x

Paypal will be keeping hold of payments for what they class as 'high risk goods' for 21 days, when it's sold on eBay!

We all know how inconsistent eBay/paypal are, so the righ risk items could easily change...How is the average newby going to earn on ebay with this new rule - the plain fact is they WILL NOT!

What do you guys think... :D :( :twisted:

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designerthriftshop
Posts: 292
Joined: 27 Sep 07
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14 Feb 08 04:25:01 pm
I'd like to know what they consider 'high risk' items?

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grboutique
Posts: 289
Joined: 06 Dec 06
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14 Feb 08 08:59:26 pm
transactions fall into the 'high-risk' category. Factors beyond sellers' control, including the number of 'feedback' comments they have from previous buyers and how many of those comments are positive, can trigger the freeze.

I just copied this from a link that a member posted...

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designerthriftshop
Posts: 292
Joined: 27 Sep 07
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14 Feb 08 09:52:55 pm
Question - if you are not using eBay to sell but you offer PayPal as a payment option on your website will this apply to that as well or is this just for sales on eBay?

Full Member
grboutique
Posts: 289
Joined: 06 Dec 06
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15 Feb 08 12:39:36 am
I don't know but most likely it will apply because they have control over your funds. By the way designerthriftshop, how complicated was the merchantinc.com? I looking forward to using their service but I read one of your post that you said it's complicated....

Full Member
gulfy13
Posts: 472
Joined: 12 Jun 07
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15 Feb 08 02:13:57 am
This is just another 'cloudy' denifinition that ebay will use to make up the rules as it goes along...They won't define 'high risk' in black and white so they can freeze on anything they deem to call high risk....All being said and done, it's probably just a gimmick to hold on to your money as long as they can...

Hmmmm...I wonder what kind of interest you can gain on a few million dollars in a months time?

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jimmy_huber
Posts: 2867
Joined: 11 Mar 10
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15 Feb 08 07:33:47 am
This is exactly why ebay sellers need to dump paypal. Paypal was a good thing untill Ebay bought them out right after they filed a 121 million dollar lawsuit against ebay for payment fraud. Funny thing the lawsuit died after the takeover.


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Free Member
grahamg
Posts: 383
Joined: 12 Jul 07
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15 Feb 08 06:42:03 pm
You're right Jimmy,

The problem being, ebays done such a good job in brain washing buyers that Paypals safe, they beleive it....but tell me how come there are always scams with paypaL ACCOUNTS?

If you offer an alternative, you do loose sales - that's a fact! What other options are available?? I spoken to my own bank to open a merchant account and they will not cover intangible goods! The only optino I feel is Paypal.

Jimmy, why do you think the lawsuit died?

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pandora
Posts: 1
Joined: 17 Feb 08
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17 Feb 08 09:18:14 pm
I'm sure Paypal will pay you interest on your tied up funds....right.

Free Member
grahamg
Posts: 383
Joined: 12 Jul 07
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18 Feb 08 09:00:25 am
omg - i had to pick myself up from off of the floor from laughing..... :D

Paypal give you interest - NO! :twisted:

Free Member
laganlas
Posts: 20
Joined: 12 Nov 07
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19 Feb 08 03:58:02 pm
What can we use instead of Paypal? Any other suggestions from the Forum?


Also read that users of eBay are calling for a boycott of the site from sellers and buyers. They claim 'GreedBay' are squeezing out the 'little guy' and the 'little guys' want to fight back. Did any of the Forum hear any more on the boycott?

Free Member
grahamg
Posts: 383
Joined: 12 Jul 07
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20 Feb 08 07:55:42 am
Yes there is a post on the boycott in the forum

Full Member
hazelsdream1
Posts: 1
Joined: 20 Feb 08
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20 Feb 08 04:46:11 pm
This is like the IRS holding the new tax rebates for 21 days because the last name of the taxpayer- a legal American citizen has a foreign name!!!

Free Member
jimmy_huber
Posts: 2867
Joined: 11 Mar 10
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22 Feb 08 06:29:00 am
You're right Jimmy,

The problem being, ebays done such a good job in brain washing buyers that Paypals safe, they beleive it....but tell me how come there are always scams with paypaL ACCOUNTS?

If you offer an alternative, you do loose sales - that's a fact! What other options are available?? I spoken to my own bank to open a merchant account and they will not cover intangible goods! The only optino I feel is Paypal.

Jimmy, why do you think the lawsuit died?



The lawsuit died because ebay bought the company out and closed the suit. You cant sue your own company. It was a good tactic. If a company is sueing you . buy them out and close the suit.


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