I am no lover of Paypal. I hate them.
Paypal has never held my money (received payments from Ebay sales) for 21 days. Takes 3-4 business days for money to “clear” and be available for use. Where did you find that info?
My friend with the perfect rating for over 10 years
was told it would happen .. until she screamed up
numerous levels. I found this
http://thebrewsnews.wordpress.com/2008/11/15/the-keys-to-surviving-the-paypal-21-day-hold-policy/
I see being suspicious of newbies on ebay or paypal.. but this person was far away from that with her long standing
perfect record as both a buyer and seller.
Very arbitrary and unfair policy ..
I hope it does cost them dearly. I’m definitely telling her to check out Bonanza for selling. I just remembered Glenn Beck talking about some other site .. U Pillar .. will pass that along too.
Frequently Asked Questions - Payment Holds
Overview
When some sellers receive payments, we may hold the money in a pending balance for up to 21 days to help make sure that there are funds in the seller’s account to cover potential refunds or claims. The funds may be released early if PayPal determines that the transaction has been fulfilled and customers are satisfied.
While funds are pending, the money belongs to you but isn’t available to spend or withdraw.
If payments on your account are held, we’ll notify you. PayPal will re-evaluate your account every 35 days and decide whether or not to continue holding payments. If we decide to stop holding future payments, we’ll contact you.
Makes no sense. If the funds are extracted from your bank and sitting at paypal .. it’s clear the funds are absolutely there and they know it.
Also
21 May
You may also be interested in these guides: EBay Expands 21 Day Payment Hold Policy To All Sellers? and eBay and Paypal Seller Protection Policy – What’s Really Covered
At the beginning of 2008, Paypal instituted a policy dubbed the “21-Day Hold.” This policy gives Paypal the right to restrict sellers from withdrawing a buyer’s payment from their Paypal account. In effect, this denies the seller access to their money for at least 21 days, depending on whether or not the buyer is satisfied with the item they receive.