Paypal Holding Funds for Business/Goods Now?

[itsgoodnow]

Hey All,

My bad if this is common and I did not realize it until now. I had an odd situation with Paypal I have never encountered and have had it happen twice in 2 days. I sold my Wizard recently and buyer used business/goods. Paypal received the funds (confirmed with them), but placed a hold on the money until I either wait 3 weeks, or, alternatively, I ship the item, add tracking, and then the item is delivered to the other person. The day after it is delivered they will release the hold which will take 24-72 hours to register. This is triggered by the tracking registered as delivered. Alternatively, if you do not add tracking to an item, it sounds like they will not release funds until the 3 weeks are up, or, alternatively, the buyer clicks something in Paypal saying they have no issues with the item.

I had never seen this before. I then paid a well-known amp builder funds through the same method and Paypal did the same thing to him.

This does not appear to happen with f/f transactions.

I just wanted to give a heads up because Paypal indicated there was no issue with my account (it is 11 years old and never had a single issue, and I have processed many larger transactions on both sides with Paypal--they also indicated my account was perfect and did not trigger this issue when I was on the phone), but it appears to be a pattern for how they are handling those transactions. I just wanted to give everyone a heads up.

 

[lespaul6]

I had this happen years ago as well... make sure you require a signature delivery too!

 

[Emg77]

Its happened to me as well. But there doesn't seem to be any rhyme or reason to when or why it happens. It must be some sort of algo that triggers it.

 

[Scordare]

What..they weren’t already screwing sellers over enough?

 

[bikerdude2]

Hate going backwards, but time to get back to mailing postal money orders! Between them, Reverb Fees, scammers, and 1099s they have taken the fun out of trying and flipping gear to try more gear.

 

[scottosan]

Hey All,

My bad if this is common and I did not realize it until now. I had an odd situation with Paypal I have never encountered and have had it happen twice in 2 days. I sold my Wizard recently and buyer used business/goods. Paypal received the funds (confirmed with them), but placed a hold on the money until I either wait 3 weeks, or, alternatively, I ship the item, add tracking, and then the item is delivered to the other person. The day after it is delivered they will release the hold which will take 24-72 hours to register. This is triggered by the tracking registered as delivered. Alternatively, if you do not add tracking to an item, it sounds like they will not release funds until the 3 weeks are up, or, alternatively, the buyer clicks something in Paypal saying they have no issues with the item.

I had never seen this before. I then paid a well-known amp builder funds through the same method and Paypal did the same thing to him.

This does not appear to happen with f/f transactions.

I just wanted to give a heads up because Paypal indicated there was no issue with my account (it is 11 years old and never had a single issue, and I have processed many larger transactions on both sides with Paypal--they also indicated my account was perfect and did not trigger this issue when I was on the phone), but it appears to be a pattern for how they are handling those transactions. I just wanted to give everyone a heads up.

It can happen if the transactions are outside your normal usage habits. It’s algorithm driven. When I started selling pickups my first 10 or so payments for orders were held up. Good thing pickups are cheap or it would have killed me before I even started.

 

[OUTLAW1969]

Hate going backwards, but time to get back to mailing postal money orders! Between them, Reverb Fees, scammers, and 1099s they have taken the fun out of trying and flipping gear to try more gear.

Don't forget about Uncle Sam (taxes) that have recently been added to a lot of online orders from companies, even from different states. I've read that a company (Wayfair, I think) had to go to court, and the court decision set some sort of precedent that changed state to state trading. Whatever they can use to get more money......

 

[bikerdude2]

Don't forget about Uncle Sam (taxes) that have recently been added to a lot of online orders from companies, even from different states. I've read that a company (Wayfair, I think) had to go to court, and the court decision set some sort of precedent that changed state to state trading. Whatever they can use to get more money......

Yup I try to buy local and in person when possible. But where I’m from, many have no idea what a Bogner or McNaught is!