My friend knew I was good with eBay and needed a watch sold. I got him double what the pawnshops were willing to offer.
With eBay/Paypal, I feel like I sold the item, funds are in Paypal so I should be able to send those funds to my checking account as soon as they have cleared. In this case I needed to get my friend his money and pay $50+ for shipping, so I wired the funds quickly after they posted; one week later, bam! 21 day hold on all funds from eBay selling to cover refunds. Their decision "was not made lightly," is based on how quickly you withdraw funds and when the buyer gives feedback and will be reevaluated in 35 days.
I messaged the guy I sold the watch to and told him to leave feedback (pos or neg). I wanted to sell some tech items, but was pissed I couldn't get my funds for 21 days; emailed Paypal and their were no active holds. OK. Last week I sold a vintage set of housewares for $125 plus $47 for int'l shipping - again I wire the money to my account the next day so I can send the item. TODAY - BAM; another 21 day hold because I haven't received feedback yet! I have over 400+ 100% feedback and 3 credit cards and my checking acc. linked to paypal! No disputes or even a returned item! And the same accounts since 05'
I find this really unfair because:
1. The money is mine as part of a legally binding agreement.
2. There is nothing that tells any buyer they must give feedback.
3. Buyers are not aware that by not giving feedback they may place an acc. on hold.
4. Paypal never tells you when the holds are removed, only if you inquire.
5. I can't request as part of any auction that someone gives me feedback within so many days after receiving an item.
6. You can't even submit an auction to eBay with the words "money order" or the like; Monopoly!
With eBay/Paypal, I feel like I sold the item, funds are in Paypal so I should be able to send those funds to my checking account as soon as they have cleared. In this case I needed to get my friend his money and pay $50+ for shipping, so I wired the funds quickly after they posted; one week later, bam! 21 day hold on all funds from eBay selling to cover refunds. Their decision "was not made lightly," is based on how quickly you withdraw funds and when the buyer gives feedback and will be reevaluated in 35 days.
I messaged the guy I sold the watch to and told him to leave feedback (pos or neg). I wanted to sell some tech items, but was pissed I couldn't get my funds for 21 days; emailed Paypal and their were no active holds. OK. Last week I sold a vintage set of housewares for $125 plus $47 for int'l shipping - again I wire the money to my account the next day so I can send the item. TODAY - BAM; another 21 day hold because I haven't received feedback yet! I have over 400+ 100% feedback and 3 credit cards and my checking acc. linked to paypal! No disputes or even a returned item! And the same accounts since 05'
I find this really unfair because:
1. The money is mine as part of a legally binding agreement.
2. There is nothing that tells any buyer they must give feedback.
3. Buyers are not aware that by not giving feedback they may place an acc. on hold.
4. Paypal never tells you when the holds are removed, only if you inquire.
5. I can't request as part of any auction that someone gives me feedback within so many days after receiving an item.
6. You can't even submit an auction to eBay with the words "money order" or the like; Monopoly!
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