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Thread: PayPal holding funds
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03-31-2012, 08:27 AM #1Junior Guru Wannabe
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PayPal holding funds
Hi,
I am sorry if this is in the wrong forum!!
I logged into PayPal today to find the following message.
"As part of our ongoing effort to make PayPal an even safer place for you and your customers to do business, we are going to place a Payment Hold on your daily sales. Why?"
I clicked on the "Why" link but it returned a 404 error.
I was just wondering if anyone else has received this message as I am not entirely sure what this means.
PayPal is (unfortunately) my main gateway for receiving and making payments and I can not afford for this to happen.
If anyone has been affected by this how long did PayPal hold your money for?
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03-31-2012, 08:29 AM #2Cloud Backup Specialist
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This is why i always advise against using paypal. You will have to visit the dispute centre to resolve the problem. Or call them.
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03-31-2012, 08:39 AM #3Newbie
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03-31-2012, 08:48 AM #4Junior Guru Wannabe
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Calling them is an option, but the answer will be we cannot do anything about this, go with 2co, sign up with them. You can get coupons online to sign up with them free.
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03-31-2012, 08:52 AM #5Junior Guru Wannabe
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03-31-2012, 09:09 AM #6The Linux Specialist
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03-31-2012, 09:13 AM #7Junior Guru Wannabe
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03-31-2012, 08:50 AM #8Junior Guru Wannabe
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I am looking into moving away from PayPal and using Barclays Business Banking. Has anyone had experience with them or would you be able to recommend any other good UK banks for business banking?
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03-31-2012, 09:12 AM #9Junior Guru Wannabe
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Yes I know that now thanks! I used discount code WHB3WPFA to remove the $49 fee!!
I am looking into Alertpay now.
Originally Posted by net
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03-31-2012, 09:14 AM #10The Linux Specialist
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03-31-2012, 02:09 PM #11Disabled
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At times will be Pending balance of the new sellers in the paypal for a period of one month and then be added to the balance amount
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03-31-2012, 04:16 PM #12WHT Addict
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I had a similar issue with PayPal in January, I called them up (got to speak to somebody in the UK who was very helpful) and 15 minutes later after answering a few questions and such my account was back in full working order. Overall couldn't complain about PayPal really, the service I have had has always been reasonable. I think part of the issue these days is people's reluctance to pick up the phone and sort things out and be pro-active about solving issues when they arise.
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03-31-2012, 04:55 PM #13Web Hosting Master
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03-31-2012, 04:59 PM #14Web Hosting Master
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I have never had a issue with PP, in all honesty I have found their support to be quite fast.. though I am not sure if its different outside of the states.
Is your PayPal a corporate account or is it just a verified personal account. I have heard that their may be some favoritism on the side of verified businesses.
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03-31-2012, 07:03 PM #15Disabled
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I dislike PayPal however many people use it, so i need to offer it as a payment system, but it only takes one person to dispute you and your account is in hold, and its a pain to ring them.
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03-31-2012, 07:08 PM #16Junior Guru Wannabe
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03-31-2012, 07:38 PM #17The Linux Specialist
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03-31-2012, 07:12 PM #18Web Hosting Master
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And let 2CO add a few percentage points to your processing fee for letting a third party accept PP for you?
If there's a problem with a transaction via 2CO in regards to PayPal its still going to come back on you.█ hostingcove.com | Tennessee Based Hosting Provider.
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03-31-2012, 09:59 PM #19Web Hosting Master
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Back when I had a business account with PayPal, we knew from the experiences of others and past personal experiences several ways to avoid ANY issues with PayPal. Let's start with the basics:
1) When you sign up, give them a call afterwards. Tell them how you intend to use the account, the types of market you're targeting, etc...
2) Once you chat with them about what your account is for and it's methods of utilization, ask them "Well, just to get our bases covered now rather than being spontaneously hit with a notification to contact your resolution team, what paperwork can we fill out to clear EVERYTHING up now and validate EVERYTHING we can ahead of time?"
3) Submit the paperwork, wait a week or two, bam. No future trouble. Ever. The only trouble you'd run into would be a rolling reserve if you use Payments Pro.█ Matthew Rosenblatt, and I do lots of things.
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06-20-2012, 12:24 PM #20Junior Guru
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The best way is to write them/speak to them to see why this problem occurred.
Never heard of something like this.
I've seen sales that were blocked due to disputes but only those sales not the entire process.
You might also consider introducing another form of payment ... to have a ready made back-up in case ... of anything.Coupon Site Script - Turnkey Affiliate Moneymaking Business
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06-20-2012, 01:23 PM #21
The fastest way to get any support at all from any company is to call them. There's no reaosn not to
Nonsense.
I've received a few disputes (a handful, maybe) over the 12 years I've had accounts with them (personal, closed to open business, and another personal). Never once has my account been suspended.
Again, nonsense.
Skype works, if you don't have a U.S. office
Got a U.S. office? Pick up the phone and call them!
I've never, ever had an issue with getting ahold of PayPal on the phone at all. Usually any issues I've had are cleared up right away, as well.Tom Whiting, WHMCS Guru extraordinaire
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