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Paypal's New Policy-Updated - Not A Spoof!

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Author Previous TopicReplies: 19 / Views: 4,225Next Topic Page 2 of 2
Pillar of the Community
United States
1083 Posts
 Posted 01/12/2010  11:01 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list

Quote:
QFT Never click on an email link for a financial-related site even if you think it is absolutely safe, always open a new browser window and then go to the site.


Good advice. I never have, but this was one of the best spoofs I have seen. I called PayPal about it rather than clicking any links.
Pillar of the Community
United States
1083 Posts
 Posted 01/15/2010  12:11 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list
They really have frozen my funds for 21 days! It was not a spoof! I finally got to speak to a supervisor today who agreed that the criterion for hold does not fit me. He told me that it is because I am selling coins. So I asked why this doesn't apply to all coin sellers, particularly those with charge backs and negative feedback? He couldn't answer that one. Anyway he promised to request a review and contact me in three business day. I may be cutting off my nose to spite my face, but that will be the end of my selling and buying on ebay if this hold is not removed. I will close my PayPal account immediately. Without ebay it may also be the end of my coin collecting as well. By the way Bobby if this action sounds reasonable to you than you are out of your mind. Lets see what you would say if for arbitrary reasons PayPal does this to your business.
Edited by okie-colin
01/15/2010 12:31 pm
Forum Dad
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United States
24177 Posts
 Posted 01/15/2010  12:38 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
By the way Bobby if this action sounds reasonable to you than you are out of your mind.


Guess you forgot you agreed with me that it was reasonable.

The hold rule as outlined makes perfect sense and I welcome the security.

If they placed the hold on you by mistake, that's a different issue altogether.
Pillar of the Community
United States
1083 Posts
 Posted 01/15/2010  1:12 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list
Sorry about the emotion. I have been selling coins on ebay for eleven years. I have perfect feedback. I have never had a chargeback or PayPal dispute. I treat buyers the way I would want to be treated. If they can make an arbitrary decision or mistake with me they can make it with any one of us. Paypal is too large and powerful, especially since they are the only way to transact business on ebay. I suspect this is going to happen to more of us as well. It is just another way for Paypal to improve their cash position. If they fail to reverse their decision about me - I am done.
Pillar of the Community
United States
1571 Posts
 Posted 01/15/2010  1:51 pm  Show Profile   Bookmark this reply Add livingdinasaur to your friends list
I received that same email, and immediately sfwd it to paypal as a spoof, then deleted it. I get the same thing from aol accounting, ebay, paypal, and also that "so-and-so, has been added to your account, (banking checking). I used to open and read to see what is there, BUT, I don't click on links. If it "looks" legit, I use another browser, and go to my account, or clock onto another site, to verify.
Now I have a "pet peeve", that has been "pending", for several years with paypal. If you send money to an email addy, and it is NOT the paypal addy, you do NOT get your money returned! I asked paypal aboput it, and haven't gotten a response that qualifies, nor my money.I still but, but verify the correct addy, BEFORE sending funds.
Anyone else have this problem" I know of two who have.
Thanks for reading,
Dick
Pillar of the Community
United States
1283 Posts
 Posted 01/15/2010  3:21 pm  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list
If it turns out to be true I will no longer be using ebay. In my opinion it is NOT reasonable. Not when they keep 3% (which is a lot) of anything I sell. And based on them providing no protection for the seller (see thread BUYERS that scam) I won't be selling anything through them again. I'll probably still use them to purchase coins and that's about it.

I have one auction up right now on ebay. If they hold my money it will be my last.
Pillar of the Community
United States
2521 Posts
 Posted 01/15/2010  6:57 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list
Add a Disclaimer to your auctions..."Due to PayPals unreasonable 21 day hold on all funds....All PayPal transactions will ship 22 days after Payment is made through them! (This may prompt buyers to ask if they can send you a money order)
Bedrock of the Community
United States
10045 Posts
 Posted 01/15/2010  10:25 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list
Thoughtful for PayPal to hold your money for 21 days--will they pay you interest on that?
Pillar of the Community
United States
2521 Posts
 Posted 01/15/2010  10:31 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list

Quote:
Thoughtful for PayPal to hold your money for 21 days--will they pay you interest on that?
Pillar of the Community
United States
1424 Posts
 Posted 01/15/2010  10:43 pm  Show Profile   Bookmark this reply Add bmanofnbc to your friends list
I don't care how long Paypal wants to hold funds.....I closed my ebay AND Paypal accounts last year

Pillar of the Community
United States
1083 Posts
 Posted 01/17/2010  12:41 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list
I have not been contacted my the supervisor yet, but they have removed the 21 day hold from my account. I guess I will never know why they did it, Now I just have to continue being my honest self and never give them a valid reason for a hold.
Pillar of the Community
United States
2150 Posts
 Posted 01/17/2010  8:58 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list
The same thing happened to me, though as soon as the buyer leaves positive feedback they remove the hold. It went on like that for a few transactions the it stopped. No more holds. It was irritating at the time but it was over fast.
Bedrock of the Community
United States
10284 Posts
 Posted 01/17/2010  9:03 pm  Show Profile   Bookmark this reply Add TNG to your friends list

Quote:
PayPal's New Policy-Updated - Not a Spoof!


If this NOT a spoof, is a spoof, the title of this topic is misleading.
Edited by TNG
01/17/2010 9:05 pm
Pillar of the Community
United States
1083 Posts
 Posted 01/17/2010  9:07 pm  Show Profile   Bookmark this reply Add okie-colin to your friends list
Huh?
Bedrock of the Community
United States
10284 Posts
 Posted 01/18/2010  12:36 am  Show Profile   Bookmark this reply Add TNG to your friends list
OK I read this whole thing a few times and I understand that Paypal - ebay may hold your payments 21 days for some reasons and will email you telling you so. That you might be able to get a review, and they might not hold your payments. OK. I was confused there.
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