Thursday, August 11, 2011

Paypal rant.

I am so not amused. I went to check Paypal a couple of days ago and saw that all my payments would now be "pending". When I clicked on the FAQs, it said that when there is a "spike in your selling activity" then they'll start holding your payments to make sure you have enough money to cover any refunds.


I don't know if this is because I've been transferring my balance (never my entire balance, though) over every week into Addy's account or what, but I'm pretty irritated about it. They'll release enough money to cover the shipping, but that's it. They'll also sometimes release the money 3 days after the item was delivered.

Why does it matter? Paypal is tied to my checking account. If I have to issue a refund, then they have a funding source for it. Why hold all of my money for up to TWENTY DAYS?

I've had this Paypal for years. And I've gone years without using it, but why penalize me when I actually start selling stuff? Isn't that what Paypal is all about? They say they'll review the account after 35 days. If they still hold my payments after that, I don't know what I'll do. This is money for Addy's daycare. Money I need SOON. I can't tell the daycare director, "oh can you wait on her fees until that payment for the Gevalia coffeemaker comes through? Thanks."

I'm ticked, folks.


  1. They did that to me too, but they decided 2 or 3 days later to stop holding my payments. Annoying though.

  2. Same here. I think 20 days is ridiculous! I've had my paypal account for years too. I've always used it for BUYING off ebay, and never once had a problem. GRRRR!