So has paypal changed things?

Bjazzman · #1 09-26-2010, 05:18 PM

i just sold a bass on ebay and the guy paid. but it looks like paypal will hold the money up to 21 days in case of a dispute. they basically want me to ship it before i get paid.

is this correct?

i think thats messed up

nukes_da_bass · #2 09-26-2010, 05:34 PM

Paypal does this. Once the item is shipped, ask the guy nicely for good feedback- then the money is freed up in about a day.
On a side note if the guy paid, you should ship immediately IMO.

bongomania · #3 09-26-2010, 05:36 PM

It's been that way for over a year, maybe two years.

Bjazzman · #4 09-26-2010, 05:37 PM

i don't really feed comfortable shipping a bass until the money has gone through. especially overseas where i know the shipping cost will be high

Bjazzman · #5 09-26-2010, 05:38 PM

i've never had them hold my money. it has always been there to transfer to my bank account

Thunderitter · #6 09-26-2010, 05:40 PM

If you need the cash sooner, give them a call and if your standing is good they'll release it ahead of time.

AverageWhiteBassist · #7 09-26-2010, 05:44 PM

If you have less than 100 feedbacks or less than a 98% positive feedback rating, then you fall into the hold term policy. I understand where they feel they need to "police" sellers, but they are making money off of them and should be reconsidered. But, in their defense, they must be losing money to "chargebacks" and possibly don't have the ability to recoup it or don't want to fight it back from sellers. Stinks all the way around.

fleabee · #8 09-26-2010, 05:47 PM

I had it happen with 70 transactions 100%positive. It's really annoying and if the buyer takes his/her time leaving feedback, your money isn't getting to your account. F paypal

Need2KnowBasses · #9 09-26-2010, 05:53 PM

I think entering a tracking number into Ebay will also free up the money. Check the box next to the item then click add tracking at the top of your sold items list.

totallyfrozen · #10 09-26-2010, 05:59 PM

Quote:

Originally Posted by fleabee

I had it happen with 70 transactions 100%positive. It's really annoying and if the buyer takes his/her time leaving feedback, your money isn't getting to your account. F paypal

I've never been a seller on eBay. I've only been a buyer. So you're saying that if I don't leave feedback in a timely fashion that I'm holding up the seller from getting paid?

I mean, for the record, I don't leave feedback until I have received and inspected an item--but I try to leave feedback within one day of receiving an item.

BTW, I'm pretty sure this is in the wrong forum. Probably should be in Off Topic.

ninepoundjammer · #11 09-26-2010, 06:01 PM

I rarely sell instruments using paypal, but do it all the time with pedals. Never had this happen. Is there an amount ceiling over which this can happen?

Spencer! · #12 09-26-2010, 06:04 PM

Quote:

Originally Posted by ninepoundjammer

I rarely sell instruments using paypal, but do it all the time with pedals. Never had this happen. Is there an amount ceiling over which this can happen?

I've had it happen on all sorts of transactions. One of the many reasons I rarely use ebay.

Headless Llama · #13 09-26-2010, 06:07 PM

I have never heard of this one! I've sold a car using paypal! The bank tried holding the money so they got credit for the transaction... Not sure what really happened there! But, I have been using paypal (off and on) for a long time now, and this is news to me!

Spencer! · #14 09-26-2010, 06:10 PM

Quote:

Originally Posted by Headless Llama

I have never heard of this one! I've sold a car using paypal! The bank tried holding the money so they got credit for the transaction... Not sure what really happened there! But, I have been using paypal (off and on) for a long time now, and this is news to me!

It's an ebay thing, not a paypal thing.

AverageWhiteBassist · #15 09-26-2010, 06:10 PM

Quote:

Originally Posted by ninepoundjammer

I rarely sell instruments using paypal, but do it all the time with pedals. Never had this happen. Is there an amount ceiling over which this can happen?

It might be like $200 or something. I have over 260 positive feedbacks and many more positive eBay experiences than negative ones, frankly no negative ones, just a few difficult ones, but I can see especially in today's eBay world that it isn't for everyone. I feel like eBay has lost it's throne to Craiglist and classifieds for like here on TB but for used gear and is intended for general audiences these measures are safeguards for both consumer and seller, though not always seen as safeguards more like obstacles.

bongomania · #16 09-26-2010, 06:28 PM

One detail that some people may have missed is that Paypal will hold your money for a wide variety of reasons, all supposedly associated with "safety concerns", and Paypal is the only arbiter of what is a safety concern. One example is if you have not sold anything in a few months, they will hold the money, because maybe somebody hijacked your Ebay account. It doesn't matter if you have thousands of feedback points, 100% positive. It doesn't matter if "they never did that to you before".

Read the current terms of use on Paypal. It's a drag to read, but you'll learn some important details.

Bjazzman · #17 09-26-2010, 06:30 PM

so what would you think i should do in this situation? should i just bite the bullet and ship it even though i won't get that money for possibly a month?

Jay Ralston · #18 09-26-2010, 08:46 PM

Yeah screw that. There is no way I would ship a guitar or bass or anything for that matter until the funds are in my account.

blendermassacre · #19 09-26-2010, 10:09 PM

They're on hold in your paypal account, so I don't see what the big is about security, although the annoyance is epic, IMO.

kesslari · #20 09-26-2010, 10:14 PM

Quote:

Originally Posted by Bjazzman

so what would you think i should do in this situation? should i just bite the bullet and ship it even though i won't get that money for possibly a month?

Yes. The buyer paid you in good faith. He's not holding up your money. Holding up the bass is jacking the buyer around.