Paypal updating it's way of doing things

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  • Jean
    Moderator
    • Aug 2006
    • 18228

    #1

    Paypal updating it's way of doing things

    An explanation of payment holds and how they apply to you

    Your business is important to us. That's why we're committed to providing a fast and secure payment service to you and your customers while keeping our prices competitive. We're also committed to clearly communicating changes to our policies and procedures. So, we're writing to let you know about a change to your PayPal account.

    From now on, payments you receive will be temporarily held in a pending balance. This pending balance helps make sure that you'll have enough money in your account to cover any buyer claims.

    Payments will be held in a pending balance for up to 21 days. For example, if you receive a $100 payment (after fees), the $100 will be held in a pending balance for up to 21 days. After 21 days, the money will be available for withdrawal.

    The money may be released sooner if:
    We can confirm that the item was delivered
    Your buyer leaves positive feedback. (Applies only to eBay items.)

    We know this is a change in the way we do business with you and we hope you understand that you haven't done anything wrong. In deciding whether to apply payment holds, we review many factors including transaction activity, business type, and customer disputes.

    Payment holds are often applied to new sellers who don't have a lot of transaction history, sellers in traditionally high risk industries (for example, travel or tickets), or sellers who've had a high number of claims filed against them.

    If you're a PayPal Money Market Fund customer, you'll continue to earn interest on the total balance while your money is held.

    To learn more about this policy change, please read our latest funds availability policy

    We appreciate your business and look forward to a continued partnership.
    Don't hesitate to contact us with any questions.

    Thanks,

    PayPal
    Mtech1 v8 build thread - https://www.r3vlimited.com/board/sho...d.php?t=413205



    OEM v8 manual chip or dme - https://www.r3vlimited.com/board/sho....php?p=4938827
  • Need4Speed1299
    Advanced Member
    • Oct 2007
    • 119

    #2
    Good for paypal, bad for you especially if you have a balance.

    Comment

    • quikveedb2
      R3VLimited
      • Sep 2007
      • 2258

      #3
      paypal = bank. only no interest?
      Originally posted by Dozyproductions
      You know why you're drinking that Pabst? No its probably not because it was the first beer you grabbed. It's because you're a winner.

      Comment

      • emoshun
        Mod Crazy
        • Dec 2008
        • 781

        #4
        I still <3 Paypal.


        WTB: e30 in So Cal

        Originally posted by downernsp
        See I was young too but wtf is up with these perves that know damb well they are manipullating females wiyh all their promises and words.

        Comment

        • mrsleeve
          I waste 90% of my day here and all I got was this stupid title
          • Mar 2005
          • 16385

          #5
          well time to start doing transactions via wire transfers. The fees are not that much more, and you dont have to leave your money there and let PP nanny you to make sure your honest.

          Getting screwed is inherent risk of Person to person transactions on the internetz. Its not PP job to hold your money for 21 days when it only takes 7 to ship something. I see lots of abuse of this.

          Buyer get his shit breaks it and files claim and gets his money back, and you are uber screwed then.
          Originally posted by Fusion
          If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
          The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


          The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

          Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
          William Pitt-

          Comment

          • Holland
            R3V OG
            • Nov 2008
            • 7176

            #6
            I only have a card with them, sure this means I cannot sell, but I prefer they not have my account.
            1985 M10b18. 70maybewhpoffury. Over engineered S50b30 murica BBQ swap in progress.

            Originally posted by DEV0 E30
            You'd chugg this butt. I know you would. Ain't gotta' lie to kick it brostantinople.

            Comment

            • markseven
              R3V Elite
              • Sep 2006
              • 5327

              #7
              They are going to make a killing. I hate PP.
              I Timothy 2:1-2

              Comment

              • ShowStopper
                E30 Mastermind
                • Jan 2008
                • 1845

                #8
                i have had paypal for 3 yrs and i went to get a card and they denied me.even after the made me send them copy of my license and stuff.

                Comment

                • mrsleeve
                  I waste 90% of my day here and all I got was this stupid title
                  • Mar 2005
                  • 16385

                  #9
                  Originally posted by markseven
                  They are going to make a killing. I hate PP.
                  yes they are gonna make a ton of interest on your money before, they let you have it, + the incredible fees they charge
                  Originally posted by Fusion
                  If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
                  The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


                  The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

                  Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
                  William Pitt-

                  Comment

                  • b*saint
                    No R3VLimiter
                    • May 2006
                    • 3794

                    #10
                    Whats the alternative???
                    Ma che cazzo state dicendo? :|

                    Comment

                    • Dave
                      E30 RAT
                      • Nov 2003
                      • 11675

                      #11
                      is this correct? what is the source? I did not get any notice like this and the policy changes shown on the pp site when I log in say nothing about it.
                      Current Cars
                      2014 M235i
                      2009 R56 Cooper S
                      1998 M3
                      1997 M3

                      Comment

                      • mrsleeve
                        I waste 90% of my day here and all I got was this stupid title
                        • Mar 2005
                        • 16385

                        #12
                        Bank wire/ wait for the check to clear payment / CASH/ Postal money order. Dont sell on the intewebz other than local C-list and face to face deals
                        Originally posted by Fusion
                        If a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
                        The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de Tocqueville


                        The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken

                        Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
                        William Pitt-

                        Comment

                        • Jonny Cash
                          E30 Mastermind
                          • Sep 2008
                          • 1763

                          #13
                          Originally posted by Dave
                          is this correct? what is the source? I did not get any notice like this and the policy changes shown on the pp site when I log in say nothing about it.
                          Not only did they not state anything like this, but I just received payment today- available today.

                          I still cant get over the fees though...
                          -Jay

                          2014 NASA FL se30 champ #81
                          2001 se46 3 year plan in progress


                          Comment

                          • Jean
                            Moderator
                            • Aug 2006
                            • 18228

                            #14
                            It's legit. I just spoke with them, and they are saying it's random etc... but read this, lots of people are saying they are targeting the "little guys" etc.

                            Mtech1 v8 build thread - https://www.r3vlimited.com/board/sho...d.php?t=413205



                            OEM v8 manual chip or dme - https://www.r3vlimited.com/board/sho....php?p=4938827

                            Comment

                            • SeriousBusiness
                              E30 Addict
                              • May 2010
                              • 428

                              #15
                              Fuck paypal. Do not link your bank account if you can help it. They nearly ruined me (somehow withdrew TWO THOUSAND DOLLARS from my checking account). I had the bank stop payment and then tried to get hold of someone at Paypal and they only want you to contact them electronically. When I FINALLY got a live person on the phone they couldn't help me because they barely spoke English. I only use paypal for piddly shit now and refuse to "verify" my account. Bunch of crooks.
                              1985 RX7 - Badassery Exemplified.
                              1989 325is
                              sigpic
                              -Tom

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