Just recevived a payment for something off Ebay – Paypal won’t release the money to me as I have only just jumped on the Ebay/Paypal bandwagon – is this correct? They reckon I have to wait until I get good feedback for the item or 21 days after the payment was made. I take it that they do it just to hold the money in their account a few days longer – I use CRC a lot and would imagine what they would say if I told them I would pay them once I received my kit!
Also, what is a gift payment, made one last night and neither of us got charged? If I sold something out of Ebay and asked for a gift payment would that mean neither party gets charged?Posted 13 years ago
well paypal has the money, so i would just send the item you sold and be happy when you get the feedback
it is there to stop people opening up new accounts and then making off with the cash without the goods being sentPosted 13 years ago
paypal is doing a good thing there imho
So why just Paypal, how many other places do you know that will post goods out before being paid for them? All they are doing is keeping the money in their acounts for a few more days to accrue more interest.Posted 13 years ago
i had this problem, you will probably have to jump through lots of hoops and provide all sorts of ‘security’ information before paypal will release your money. It took them 8 weeks to release mine (Â£300), as soon as I got it I emptied and closed the account………..never again!!Posted 13 years ago
as widrness says. Send the item you got paid for, receive feedback, get the cash. I think that part of paypal is a good thing as it discourages people creating ebay accounts for quick scams.
AFAIK you can’t ‘manually’select the payment type for ebay transactions, it automatically defaults to ebay payment. The other payment options are for transactions outwith ebay, such as selling stuff on here.Posted 13 years ago
Never heard of this before, I wouldn’t ever send the goods without the money in my account, although sounds like the money is in your account just hasn’t been released for you to use. Not everybody leaves feeback and not always early so you might have to wait the 21 days, sounds crap to me.Posted 13 years ago
I agree RS – not to worry, can’t do a great deal about it. Stuff going this afternoon so may just mail the guy and ask if he will leave feedback as soon as possible. I suppose three weeks isn’t too long, it’s more the principal than anything else.Posted 13 years ago
itchy they won’t be trying to gain interest as they probably get peanuts interest. There have been a lot of people starting up ebay accounts, spending literally no more than 2 days selling items they don’t actually have, making off with the money and not being traced by ebay or paypal ever again. This stops them doing that…the buyer would raise a dispute long before 21 days is up I would hope, giving paypal a chance to refund.
in your case you will get the money. Best to start getting feedback on ebay just as a buyer…buy small items here and there to build up a good rating before selling expensive items.Posted 13 years ago
don’t be stupid
you have the money in your pay pal account you just can’t access it
paypal need to be sure you are not a scammer therefore they block your account till you get good feedback ie you have sent the goods, the person is happy with the goods and they are not wanting a refund
just send it, wait for the feedback and be happy that paypall is attempting to stop scammers using the service
and next time check the t’s and c’sPosted 13 years ago
So why just Paypal, how many other places do you know that will post goods out before being paid for them
every time you pay by credit card or debit card in a shop they let you walk out without having actually received any money for the goods at the point if salePosted 13 years ago
wildrnes – thanks for our cocky advice mate. As mentioned above, I said I’d live with it but just don’t agree with it.Posted 13 years ago
5 years of ebay- 94 feedback and all of a sudden Ebay said ‘new regs, due to your low trading history/for security reasons you now have to have to OFFER paypal on your auctions.
The wording was ‘offer’. Revenue streams anyone?Posted 13 years ago
It’s all about getting more money Hora, I agree I’ve only just joined up with Ebay and am amazed at all the fee’s being thrown around. Saying that, I have a garage full of bike stuff and a partner with God knows how many handbags so need them more than they need me!Posted 13 years ago
It’s not paypal, It’s eBay, same company so same thing really though.Posted 13 years ago
Companies in payment for services offered shocker…Posted 13 years ago
Companies in payment for services offered shocker…
??Posted 13 years ago
The ‘gift’ option is unavailable on e-bay 🙁Posted 13 years ago
If it was, how could they charge everyone who uses it twice therefore losing out on their fees, twice 👿
More people are catching on to the ‘gift’ idea but your postal details are not sent with the tansaction. And if it does go t!ts up, you aren’t covered with insurance.
As for no fees with the gift, you are charged if a credit card is used but not if you use your Paypal balance or bank account.
You’re using their service. They wish to make money from you. Maybe one day they decide they can offer extra safety (by stopping people signing up and withdrawing instantly) but they can also make a little extra cash at the same time. If you don’t like it, dont use paypal – find another service that works the same but is cheaper, or pay cash/cheque – its a bit more inconvenient but you dont like them having your cash for its interest for a couple of weeks so its worth it right?Posted 13 years ago
Its a bit like the Escrow system used in the US. Payment is held by a third party until both parties are satisfied, then its released.Posted 13 years ago
Sounds ok to me.
The topic ‘Paypal T*ss*rs!’ is closed to new replies.
Sign up as a Singletrack Member and you can leave comments on stories, use the classified ads, and post in our forums, do quizzes and more.
Join us, join in, it’s free, and fun.