Beware of ebay/Paypal "Payment Hold" policy

Started Feb 8, 2010 | Discussions thread
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jack scholl
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Beware of ebay/Paypal "Payment Hold" policy
Feb 8, 2010

For those of you who do not know, ebay and PayPal have introduced a new (they say since Sept 2008) policy that states you need at least 100 positive feedbacks before they will release funds sent to them by a buyer. NOT 100% positive feedback. Look it up if you are not aware of it as there are numerous reasons they can use to hold your money-"PayPal Payment Holds".

Having been an ebayer for 10 years with a 100% feedback rating, this may be the last straw . . . . . it seems the PayPal "protection program" is protecting PayPal and no one else. The buyer sends the money and Paypal gets the interest until they release it to the seller. Imagine the number of $$ involved in this little "policy change".

FYI,

Jack
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