anyone notice paypal/ebay now withholding your money longer? - BMW 3-Series (E90 E92) Forum

6spdg37s · 09-05-2012, 08:39 AM

Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly.

All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days?

WTF!!!

Bimmer84 · 09-05-2012, 09:23 AM

Quote:

Originally Posted by 6spdg37s

Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly.

All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days?

WTF!!!

21? Something must be up.. there is no way that is right.

Seminole · 09-05-2012, 09:36 AM

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

bolinp78 · 09-05-2012, 09:55 AM

they be floatin those bills

bga23 · 09-05-2012, 09:55 AM

Quote:

Originally Posted by Bimmer84

21? Something must be up.. there is no way that is right.

Agree, 21 days is waaaay too long. There are no US banking transactions that take that long to clear.

Was your buyer outside of the US?

BA335iS · 09-05-2012, 09:58 AM

Don't ship until funds cleeeeear! Let buyer know what's going on.

N55 · 09-05-2012, 10:24 AM

^+1

21days is not normal. Either your buyer was international, or there is something going on.

6spdg37s · 09-05-2012, 11:36 AM

Quote:

Originally Posted by bga23

Agree, 21 days is waaaay too long. There are no US banking transactions that take that long to clear.

Was your buyer outside of the US?

nope in NY state

Quote:

Originally Posted by BA335iS

Don't ship until funds cleeeeear! Let buyer know what's going on.

its shipped cause paypal said once a tracking number is displayed it will be released quicker

Quote:

Originally Posted by N55

^+1

21days is not normal. Either your buyer was international, or there is something going on.

same thing on my gf's account with stuff but i figured cause hers was unverified. but mine is verified and been selling stuff on ebay for years with only positive feedback !

now that it was marked shipped and tracked and recieved by buyer , it says the money will be released friday sept 7th.

but usually in the past it releases instantly to your paypal account.

MediaArtist · 09-05-2012, 11:39 AM

Quote:

Originally Posted by Seminole

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

There are certain restrictions on doing that per state because you are in essence acting like a bank.

j_marinelli · 09-05-2012, 12:14 PM

That is a little strange. It takes 3-4 days for it to go into my business checking once I transfer the funds. You actually scared me so I just double checked my account

bmw-nj · 09-05-2012, 03:39 PM

if the buyer leave positive feedback it should automatically be released

gizmo83 · 09-05-2012, 04:58 PM

It depends on the shipping you put and if you allow returns. They hold the money incase the buyer wants a refund. When you provide a tracking number and it's delivered the funds are usually released.

panicos81 · 09-05-2012, 06:20 PM

21 days happened to me on ebay.com on ebay.uk it doesnt. dont know why, maybe because i was an international seller, but it took that long.

yakev724 · 09-05-2012, 07:52 PM

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

6spdg37s · 09-05-2012, 08:05 PM

Quote:

Originally Posted by yakev724

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

I am going to call and yell at them tomorrow as well then ... maybe threaten to not use them anymore? Its not like I have a business taht depends on it i just use it for casually selling items

persian54 · 09-05-2012, 08:47 PM

Quote:

Originally Posted by 6spdg37s

I am going to call and yell at them tomorrow as well then ... maybe threaten to not use them anymore? Its not like I have a business taht depends on it i just use it for casually selling items

You'll be better off if you're respectable and polite.... instead of being rude and threatening them

Hawkeye · 09-06-2012, 10:17 AM

Quote:

Originally Posted by yakev724

This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks.

I ended up calling and telling them how I felt about it. Everything went back to normal several days later.

I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

+1 Same thing with me. Except no international payments.

Quote:

Originally Posted by persian54

You'll be better off if you're respectable and polite.... instead of being rude and threatening them

I was definitely not polite as I have had nothing but good feedback and they pull that crap. I just flat out told them I would stop using their business. They changed it the next day after telling me there was nothing they could do when I talked to them.

I still haven't used them again. So shady.

smyles · 09-06-2012, 11:03 AM

Quote:

Originally Posted by Seminole

Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money.

Have you checked the LIBOR lately?

OC 335i · 09-06-2012, 03:03 PM

New sellers are subject to this.

6spdg37s · 09-06-2012, 03:14 PM

on the phone with them now ....

DanielGonz · 09-06-2012, 06:15 PM

Just sold my car a few weeks ago, paypal had it all transferred in 4 days.

6spdg37s · 09-06-2012, 06:35 PM

Quote:

Originally Posted by DanielGonz

Just sold my car a few weeks ago, paypal had it all transferred in 4 days.

they put a note on my account that allows money to be released instantly or something now .

09-05-2012, 08:39 AM	#1
6spdg37s Captain Drives: none Join Date: Aug 2012 Location: dirty jerz Posts: 738 iTrader: (2)	anyone notice paypal/ebay now withholding your money longer? Ive been selling things on ebay for years and with a verified paypal account I was able to send the money to my checking account almost instantly. All of a sudden I sold a watch the other day and now paypal says it must hold my money for at least 21 days? WTF!!!
	Tweet

09-05-2012, 09:36 AM	#3
Seminole Lieutenant Colonel Drives: Red Flyer Join Date: Aug 2008 Location: 38.8977° N, 77.0366° W Posts: 1,986 iTrader: (2) Garage List 2008 E90 328i [3.50]	Not sure what their policy on holding money is, but it's a brilliant idea on their part. How many millions upon millions of dollars worth of items gets exchanged on Ebay each day? If they hold the money for X number of days and deposit it in a short term CD they could be earning a ton of money off the interest (depending on the amounts deposited and rate they get) all while the sellers sit around waiting for their money. __________________

09-05-2012, 09:55 AM	#4
bolinp78 G35 convertee Drives: 2008 335i (AW) Join Date: May 2008 Location: . Posts: 983 iTrader: (1)	they be floatin those bills __________________

09-05-2012, 09:58 AM	#6
BA335iS Turbonator Drives: E92 335iS Join Date: Jan 2012 Location: Bay Area, Ca Posts: 192 iTrader: (0) Garage List 2012 BMW 335iS (gar ... [5.00] 2007 Acura RDX [0.00]	Don't ship until funds cleeeeear! Let buyer know what's going on. __________________

09-05-2012, 10:24 AM	#7
N55 Major Drives: 2012 335IS E92 Join Date: Nov 2010 Location: Pittsburgh Posts: 1,133 iTrader: (1) Garage List 2012 BMW 335IS [3.20] 2011 BMW 335XI (SOLD) [2.33] 2008 BMW 335xi (SOLD) [5.00]	^+1 21days is not normal. Either your buyer was international, or there is something going on. __________________ 2008 335xi E90 Alpine White - Sold - 8/19/10 > 2011 335xi E90 Jet Black - Sold - 6/27/12 > 2012 335IS E92 Crimson Red - Current

09-05-2012, 12:14 PM	#10
j_marinelli Private Drives: 2008 135i Join Date: Aug 2012 Location: San Antonio Posts: 63 iTrader: (1)	That is a little strange. It takes 3-4 days for it to go into my business checking once I transfer the funds. You actually scared me so I just double checked my account

09-05-2012, 03:39 PM	#11
bmw-nj Lieutenant Drives: 2011 BMW Z4 35i Join Date: Apr 2011 Location: Central Jersey and Queens Posts: 473 iTrader: (1)	if the buyer leave positive feedback it should automatically be released

09-05-2012, 04:58 PM	#12
gizmo83 Private Drives: Z4 3.0i Join Date: Mar 2009 Location: Socal Posts: 92 iTrader: (0)	It depends on the shipping you put and if you allow returns. They hold the money incase the buyer wants a refund. When you provide a tracking number and it's delivered the funds are usually released.

09-05-2012, 06:20 PM	#13
panicos81 Colonel Drives: a white bmw Join Date: Aug 2008 Location: Cyprus Posts: 2,207 iTrader: (2) Garage List 2010 BMW E92 [4.27] 2007 e90 [0.00]	21 days happened to me on ebay.com on ebay.uk it doesnt. dont know why, maybe because i was an international seller, but it took that long. __________________ E90post E9x photo game= 66 [69-3] COTM 06/11 http://www.e90post.com/forums/showthread.php?t=531094 My webpage. Feel free to visit My 500px

09-05-2012, 07:52 PM	#14
yakev724 Brigadier General Drives: 06 330i Join Date: Jul 2010 Location: Long Island Posts: 3,528 iTrader: (48)	This happened to me about a year ago. They changed some status relating to my account and held ALL transactions for 2 or 3 weeks. I ended up calling and telling them how I felt about it. Everything went back to normal several days later. I think it had to do with the amount of international payments I was receiving at that point. I'd understand why they would want security, and it was a temporary thing on my end.

09-06-2012, 03:03 PM	#19
OC 335i General Drives: AW 335D E90 Join Date: Oct 2006 Location: Irvine/Aliso Viejo, CA Posts: 18,119 iTrader: (9) Garage List 2007 335i [0.00]	New sellers are subject to this. __________________ Current: 2010 Alpine White 335D LCI l 19" BBS LMs l KW V2 Coilovers l BMW Performance Grilles l MSport Front/Rear l Karbonwerke Trunk l F1 Pinnacle Tint 35% Former: E92 Space Grey 335i Latest pics

09-06-2012, 03:14 PM	#20
6spdg37s Captain Drives: none Join Date: Aug 2012 Location: dirty jerz Posts: 738 iTrader: (2)	on the phone with them now ....

09-06-2012, 06:15 PM	#21
DanielGonz Second Lieutenant Drives: AW E92 335i 6 speed Join Date: Apr 2012 Location: SoCal (OC) Posts: 297 iTrader: (0)	Just sold my car a few weeks ago, paypal had it all transferred in 4 days.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search