Paypal 'holding payment'

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I've just sold my speakers on ebay and went to my paypal acc today to find that they are withholding payment:

PayPal and eBay are working together to make it safer than ever to buy on eBay. One of the boldest steps is to identify transactions that pose the greatest risk of fraud and holding the payments from sellers for a period of time to help ensure that the transactions go smoothly.

To get access to the funds sooner, please post the item as soon as possible. We'll release the payment for the eBay item when one of the following occurs:

* The buyer leaves you positive feedback on eBay.
* It's been 21 days since the payment date and you haven't received a dispute, claim, chargeback, or reversal on the transaction being held


Has anyone else experienced this and how long have they been doing it?
 
They've been doing this for 18 months or so now - I imagine it has earned them a fair whack of interest!

You've just got to hope you get an honest buyer. The buyer isn't aware that their funds are being held, so they're hopefully no more likely to try and screw you over.

I've known people that aren't keen on the idea to refund the money and sell the item as cash only.

Occasional holds on payment
27. Which sellers will have their payments held?
In a small percentage of cases where it has been determined the risk of dissatisfied buyers is higher, PayPal may delay release of the payment funds to the seller until the buyer has left a positive feedback or 21 days have passed without a dispute, claim, chargeback or reversal filed on that transaction.

To determine if a transaction may have a higher risk of dissatisfied buyers, eBay reports to PayPal a number of factors, including but not limited to:

* Seller's % Positive Feedback in the last 30 days
* Seller's Detailed Seller Ratings in the last 30 days
* Final price for the item
* Shipping & handling fee
* Seller's tenure as an eBay member
* Seller's total number of Feedback

28. How will I know that my payment is being held
Payments that are held will be shown as "pending" in your PayPal balance. PayPal will send an email notifying you when the hold is released. PayPal Money Market Fund customers will continue to receive dividends on amounts that are being held in your account.
29. When will PayPal release the eBay item hold?
PayPal will release the hold when the earliest of the following occurs:

* the buyer leaves positive feedback,
* 3 days after confirmed item delivery* or
* 21 days without a dispute, claim, chargeback, or reversal filed on that transaction.

PayPal can confirm delivery. PayPal will confirm delivery if you use USPS, UPS, or FedEx to ship the item and (i) use PayPal shipping labels, or (ii) upload tracking information to PayPal via the transaction details page. This applies to US domestic transactions only.
30. What can I do to avoid having eBay item holds?
Your payments WILL BE NOT HELD if you meet all the following requirements:

* eBay Tenure: Greater than 6-months
* Total Feedback score: More than 100
* Dissatisfied Buyers %: Less than 5%

Or if you meet all the following requirements:

* Detailed Seller Rating: Greater than 4.5
* Total Detailed Seller Ratings Received: More than 20 in the last 12-months

31. How can I minimize the chances of having my payments held?

* Improve your DSR feedback ratings, and
* Implement best practices to reduce buyer disputes, claims and chargebacks. If they do occur, resolve them quickly and to your buyer's satisfaction.

32. Why is the payment being held for up to 21 days?
eBay and PayPal are working together to help increase buyer satisfaction which, in turn, can mean more sales for you. We have found that after 21 days the chance of a buyer dispute or claim significantly decreases.
33. Will my payments be held if I have excellent buyer satisfaction, but sell in risky categories?
If you sell in the categories of gift certificates, video games, cell phones, computers or consumer electronics, your listings for those items must offer either PayPal or merchant credit card as an accepted form of payment. However, your payments WILL BE NOT HELD if you meet all the following measures:

* eBay Tenure: Greater than 6-months
* Total Feedback score: More than 100
* Dissatisfied Buyers %: Less than 5%
* Detailed Seller Rating: Greater than 4.5
* Total Detailed Seller Ratings Received: More than 20 in the last 12-months

34. What should I do if a payment is subject to an eBay item hold?
PayPal will release the hold when the earliest of the following occurs:

* the buyer leaves positive feedback
* 3 days after confirmed item delivery*
* 21 days without a dispute, claim, chargeback or reversal filed on that transaction.

Once the buyer has paid for the item, ship it. Funds are released as soon as a buyer leaves positive feedback. The faster you get their purchase to the buyer, the faster they can leave you feedback.

*Funds are also released within 3 days of confirmed item delivery. PayPal can confirm delivery. PayPal will confirm delivery if you use USPS, UPS, or FedEx to ship the item and (i) use PayPal shipping labels, or (ii) upload tracking information to PayPal via the transaction details page. This applies to US domestic transactions only. So fast shipping helps you here too.
35. How will cross border items be impacted?
The changes to the Accepted Payments policy for safer payments and occasional holds on payment apply to both domestic and cross border transactions.
36. What if I sell on other eBay sites (internationally)?
eBay sites outside of the US may have a similar program with their own polices which you must follow. Please check individual country web sites for that country
 
yeah, I guess I'm lucky - as I sold my speakers through ebay too and on my advert I stipulated that I'd prefer delivery / collection (as I've had courier problems in the past) and thus cash on delivery...

anyway - the buyer paid with paypal but I still dropped them off (took the day off) and the buyer is happy (as far as i know!) - but I was able to transfer the money straight away and it should hopefully be sat in my account now... :)
 
JUST FOR THE RECORD:
i stopped selling on ebay 2 years ago when i heard that paypal was to become compulsory, i have heard horror stories from members that used to buy things from me, one was an elderly customer that run into financial difficulties and had to sell his tec £3950.00 cdp, when customer paid by paypal "new to ebay" he sent the player at end of auction, once the buyer recieved the cdp he withdrew payment and conplained to ebay and paypal agreed to send the cdp back, it did , box that is as inside it contained a £150.00 nad cdp, no leg to stand on, sad.
the forum is the best,
nando.
 
Funnily enough this happened to me last week for the first time and I wasnt happy either.The issue I have is not that the buyer is unhappy he may purchase an item and then decide it is not really what he wants and leaves negative feedback.They are then in a nice position of having your goods and you have no payment through no fault of your own.
 
I wasn't aware that they had been doing this for so long.

I wonder if the threshold has dropped. It really does take some trust on the part of the seller I feel. The two situations listed above are prime examples of how this could go wrong.

Let the seller beware!!

Still, they sold in 2 days and there was only 1 interested here (didn't try elsewhere but think the same people look) so I guess maybe take the rough with the smooth.
 
quote

I wasn't aware that they had been doing this for so long.

I wonder if the threshold has dropped. It really does take some trust on the part of the seller I feel. The two situations listed above are prime examples of how this could go wrong.

Let the seller beware!!

Still, they sold in 2 days and there was only 1 interested here (didn't try elsewhere but think the same people look) so I guess maybe take the rough with the smooth.

the only thing that was quite amussing fron a customer that agreed on cash on colletion for an amp, not cheap, he turned up, coffe, chat audition, then asked can i use your computer and pay via paypal and take the amp away now with me? what did i say, not a swear word, sent him straight to the local bank to get cash, he did, and charged me £25.00 for his petrol, i could not be assed. mind boggles though.
nando.
 
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