Can PayPal Legally Withhold Money From Ebay Sales For 21 Days?

[buythis005a]

Can PayPal legally place a 21 day hold on money that came from selling an item on ebay?

I sold an item for $200 ($194.90 after palpal had taken their fee) and as soon as the buyer paid PayPal placed it into a 21 day hold.

I have a 100% seller rating and this is the first time I have been denied access to my own money. I would have received a negitive feedback if I held off from posting the item until the funds had cleard.

Basically Paypal have found a way to give themselves an interest free line of credit at our expense. 

Surely this can not be legal in Australia?

[i-love-my-sheep]

Hi Nikki, if you're going to reply to multiple messages from multiple members, hit the quote button before you write your reply so everyone knows what you're replying to. I saves having to keep jumping back and forth 🙂

Hope you can get your funds released.

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@nicoletteh178 wrote:
Thank you for this feedback. They have only just started to withhold my funds $600+ and paypal overdrew my bank account to pay bays fees!!!!
Advice, go to FOS first and try and scare the s..t out of them or give them a chance? I have emailed them today and several to paypal, which I believe is owned, or vice versa, by eBay?
Nicki
nic olette hau@ yah oo. co m. au

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[247newdeals]

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@nicoletteh178 wrote:

Same predicament.

What are we going to do? They are holding $600+ of my money and I have been with ebay for 15 years!!!!!

How do they expect small sellers to replenish their stock?

Maybe I just hit the nail on the head? I wonder if the larger companies are in ebays pockets?????

nicoletteh178

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It makes no difference to small sellers, who plan to be doing this long term. I am a small seller and started on Ebay with a very small amount of start up cash yes it was a pain waiting 21 days for 90 days and slowed the start but it will make no difference to where I am a year from now and even though I found it a pain I am not 100% against it why? Because it will make it harder for scammers so hopefully less buyers will get ripped off and distrust EBay sellers the more happy buyers the more profit long term.

Yes the 90 are hard but it want stop anyone who wants to make a go of EBay.

[pennyforum14]

Yet another zombie thread.

[247newdeals]

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@pennyforum14 wrote:

Yet another zombie thread.

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I love the mindless people who come out with quotes like that because people do not agree with them. Sorry but I am willing to put a LITTLE bit of work into things and do not see everything as a BIG obstacle. I say if it is to hard for you go play another game clearly this one is not meant for you.

[max-power-models]

Once you make their requirements, as in more than 10 sales, veryify your bank accounts and phone. If you ring them they will normally help you out. It happened to me, and as they were relatively small amounts the funds were issued.

As much as it is irratating it understandable why they do it. It protects you just as much as anyone. Make sure you get and keep tracking numbers. 

[book-of-hezekiah]

Calling something a zombie thread is actually in reference to this one being 11 months old with no action.

Saying "yet another" is because this has been happening so much lately, some threads dormant for 3 years!!

I just wish the mods would lock old threads once they are dormant.

[247newdeals]

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@book-of-hezekiah wrote:

Calling something a zombie thread is actually in reference to this one being 11 months old with no action.

Saying "yet another" is because this has been happening so much lately, some threads dormant for 3 years!!

I just wish the mods would lock old threads once they are dormant.

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Opps my bad I had never heard the expression thank you for taking the time to inform me

Penny sorry for the earlier post I thought you was calling me a Zombie.

Did not realise it was an old post just replying to the top ones that have had comments recently 

[davidc4430]

maybe there is a secret competition for finding old threads and trying to get them answered the most before anyone notices they are older than most of us. seems every day theres at least 3 or 4. could be some weird thing dreamt up by some IT students, winner gets free drinks down the pup next saturday night.

[davidc4430]

oops, pub