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11-15-2011, 09:57 AM
| | Registered User | | Join Date: Sep 2007 Location: Slidell, LA | | | Paypal Change
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I just got an email this morning from paypal. It says starting 11-15-11, they will start treating every paypal transaction like they do for ebay. They will hold the funds for 21 days. The only way to get your funds earlier is if the item you sold shows that it was delivered, the buyer leaves positive feedback, or no compliant was filed by the buyer. I feel this will affect a lot of bass selling and buying I do on talkbass. If I'm selling a bass, I can't wait up to 21 days to get my money so that I can purchase another bass or do what ever with my money. Paypal has been doing this with ebay sellers but from the email I got, they will be doing this to every one that uses paypal to collect money from selling something. I guess you could get around this by telling the buyer to send money as a gift. Anyone else get this email? Am I understanding this email correctly?
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11-15-2011, 10:00 AM
|  | That's the way uh huh uh huh I like it.. | | Join Date: Sep 2006 Location: Robbinsville, NJ | | | I got this same email, and called them. They told me that it was for ebay purchases only. I really just dont get it. If this is teh case, bye bye paypal.
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11-15-2011, 10:05 AM
|  | Online | | Join Date: Apr 2001 Location: Sunapee, New Hampshire | | | What if you are just sending money to someone as a loan or gift? Will they hold that for 21 days too?
-Mike |
11-15-2011, 10:13 AM
|  | Supporting Reggae Music | | Join Date: Oct 2009 Location: MEXICANADAMERICA | | | 21 days of compounded interest should be added to your money. i'm sure they will make millions off of that interest, though!
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11-15-2011, 10:55 AM
|  | Registered User | | Join Date: Apr 2003 Location: Madison, NJ | | | Just another example of why I no longer use Paypal, and eBay for that matter, since they now require payment through Paypal.
They think they have the market cornered, which they surely do not. And I'll continue to find alternate means of buying and selling.
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11-15-2011, 11:45 AM
| | Registered User | | Join Date: Mar 2005 Location: Tomah, WI | | Quote: |
Originally Posted by tplyons Just another example of why I no longer use Paypal, and eBay for that matter, since they now require payment through Paypal.
They think they have the market cornered, which they surely do not. And I'll continue to find alternate means of buying and selling. | Such as? |
11-15-2011, 12:09 PM
|  | The Funkfather
Endorsing Artist: Kohlman Bassworks | | Join Date: Jan 2003 Location: Hampton Roads, Virginia | | Quote:
Originally Posted by MJ5150 What if you are just sending money to someone as a loan or gift? Will they hold that for 21 days too?
-Mike | See above. For eBay transactions only. |
11-15-2011, 12:13 PM
|  | Registered User | | Join Date: Nov 2007 Location: NOVA | | | There's a GAS killer.
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11-15-2011, 12:21 PM
| | Registered User | | Join Date: Nov 2004 Location: North Dakota | | | Might be time to start using the good old USPS and waiting a few days....better than 21 days. |
11-15-2011, 12:41 PM
| | Registered User | | Join Date: Sep 2007 Location: Slidell, LA | | | I'm not so sure it's just for ebay transaction only. The reason I say this is they've been doing this for ebay transactions for over a yr so why send me that email now? They really have no competition. What else can we use here that's just as fast and convient as paypal? Nothing!
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11-15-2011, 12:45 PM
|  | Friends, Romans, Bass Players... | | Join Date: Nov 2007 Location: Spencer, MA, USA | | | Time to go back to using money orders, like I used to do in the early days of eBay!
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11-15-2011, 12:47 PM
| | The Funkfather
Endorsing Artist: Kohlman Bassworks | | Join Date: Jan 2003 Location: Hampton Roads, Virginia | | | I've been using PayPal for years and I have not received any e-mail from them regarding this. I've used it for eBay at least 3 or 4 times. The most for about $110. All other transactions have been for Talkbass deals.
I also just logged into PayPal and did not see anything regarding this change (viewed all the policy changes) so I'm more inclined to say this is an eBay thing.
Last edited by DWBass : 11-15-2011 at 12:51 PM.
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11-15-2011, 12:54 PM
| | | Quote:
Originally Posted by stratovani Time to go back to using money orders, like I used to do in the early days of eBay! | +1
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11-15-2011, 12:55 PM
|  | OVNIFX
EXAR pedals rep for North & Central America | | Join Date: Oct 2005 Location: PDX, OR | | | I'm looking at their "policy updates" page right now, and there is no such change to policy. The email was probably a fake. Did the email have a link for you to log in to confirm or check anything? |
11-15-2011, 01:05 PM
| | The Funkfather
Endorsing Artist: Kohlman Bassworks | | Join Date: Jan 2003 Location: Hampton Roads, Virginia | | Quote:
Originally Posted by bongomania I'm looking at their "policy updates" page right now, and there is no such change to policy. The email was probably a fake. Did the email have a link for you to log in to confirm or check anything? | ^^^^^This!^^^^^ |
11-15-2011, 01:12 PM
| | Registered User | | Join Date: Nov 2011 Location: MA | | | I'm totally against this. When you fill out the description on ebay say "contact me for other payment options" I just sold a Pedulla on ebay and it really sucks to have all that cash held until mr slow poke finally leaves positive feedback. I called Paypal and tore them a new one. It's definitely wrong to make paypal the default payment option.
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11-15-2011, 01:17 PM
|  | Registered User | | Join Date: Nov 2004 Location: Lawton, OK / Ruston, LA | | | They instate this on an account by account basis. If you search the web you will see that someone makes new a thread about this a few times a month. Supposedly they evaluate your account and activity monthly and if they feel the need they put the 21 day hold in place. They rarely remove it though. I've had an account on ebay for nearly 10 years 100% feedback and I have the 21 day hold. The first time they did it was the last time I sold anything on ebay. |
11-15-2011, 01:18 PM
| | Online | | Join Date: Apr 2001 Location: Sunapee, New Hampshire | | Quote:
Originally Posted by DWBass See above. For eBay transactions only. | The way I read the OP, it is for any PayPal transaction. They will be treated like eBay transactions. Maybe I missed something though. I'll go read it a couple more times.
-Mike |
11-15-2011, 01:22 PM
| | OVNIFX
EXAR pedals rep for North & Central America | | Join Date: Oct 2005 Location: PDX, OR | | Quote:
Originally Posted by CapeScrod It's definitely wrong to make paypal the default payment option. | Remember though that Paypal is owned by Ebay, and Ebay is a private company that makes its own rules. So there's "morally wrong", and I agree with you their policies are morally wrong... but there's "legally wrong", and unfortunately their policies are entirely legal and they make sense from Ebay's perspective. |
11-15-2011, 01:24 PM
| | The Funkfather
Endorsing Artist: Kohlman Bassworks | | Join Date: Jan 2003 Location: Hampton Roads, Virginia | | Quote:
Originally Posted by MJ5150 The way I read the OP, it is for any PayPal transaction. They will be treated like eBay transactions. Maybe I missed something though. I'll go read it a couple more times.
-Mike | Here's my question, if one is not using eBay, is PayPal instituting a feedback program on their site? Is there already one there and I missed it? I checked PayPal and saw nothing regarding this issue.
Edit: http://www.auctionbytes.com/cab/abn/y08/m02/i08/s03 I'm reading this as an eBay thing only!
Last edited by DWBass : 11-15-2011 at 01:30 PM.
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