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    Seller771's Avatar
    Seller771 Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 5, 2014, 07:29 PM
    PayPal and holding funds
    I can't find an answer anywhere, and I know it wasn't like this before, but does anyone know why, and since when, PayPal started holding funds for service invoices?

    I know whenever I sold something (not often) PP would place funds on hold, but I mostly do service transactions and whenever I sent service invoice they didn't hold funds, now all of a sudden they do.. something new?
    Catsmine's Avatar
    Catsmine Posts: 3,826, Reputation: 739
    Pest Control Expert
     
    #2

    Apr 6, 2014, 03:15 AM
    PayPal does keep changing their policies/software, yet they still seem to be the most reasonable method for taking payment online. Not having to pay transaction fees to each credit card company is a big savings, and I've not found a less expensive method. I never use their billing anyway; perhaps you could consider diversifying your software the same way they keep telling us to do with investments.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
     
    #3

    Apr 6, 2014, 06:15 AM
    I have only sold goods on eBay, where Paypal never held my funds (I pre-dated when they started that).
    I have heard that they now do credit checks and automatically set thresholds. Is your credit rating good?
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
     
    #4

    Apr 6, 2014, 10:31 AM
    They hold your funds for 2 to 3 weeks on new seller accounts and accounts that don't have enough of a history for them. They will continue to do this for 3 months or more until they are satisfied that you are an honest seller.

    And you say you can't find this anywhere...I am thinking you didn't look very hard:
    https://www.paypal.com/us/webapps/mp...s-availability
    PAYPAL FUNDS HOLD IS!!!! - The eBay Community
    eBay.com : Payment process for new sellers
    Paypal holds and how to get your money released faster | eBay

    The list goes on. To be honest, I think it's a load of garbage but what can you do about it?
    Seller771's Avatar
    Seller771 Posts: 2, Reputation: 1
    New Member
     
    #5

    Apr 6, 2014, 04:01 PM
    I understand that but I know last time I did a transaction, 3-4 weeks ago, service invoice payments were never held, only invoices for goods, so I was wondering if they changed something or it's a glitch
    talaniman's Avatar
    talaniman Posts: 54,327, Reputation: 10855
    Expert
     
    #6

    Apr 6, 2014, 04:11 PM
    I've gotten 3 policy change emails in the last 5 months. It's a load to read since you darn near have to read the whole thing until you get to the paragraph or SENTENCE that affect YOU. The banks I deal with are doing the same thing though.

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