Paypal SUCKS!!!!!

[TOOLS1]

I have been selling some stuff on ebay recently, and just received an e-mail from Paypal. They said they are going to put a 21 day hold on my money. Just in-case any disputes might arise. I have only sold 9 things since having a Paypal account, and have it linked to two bank accounts (both having overdraft protection), and a credit card. There should not be any problem! Oh, and also they said to be sure to mail quickly. I guess this means I should take money out of my bank account, for shipping while my money is in their account drawing interest. This F#$%^&g sucks!!!! From now on I am only going to accept money orders! F#$%^ Them!!!!
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[sgtslag]

Actually, PayPal is great, for the buyer.  As a buyer, I have 45 days to file a complaint, not 21.  PayPal has spotted me money, numerous times, on orders, typically up to around $80:  they paid the vendor immediately, and PayPal waited for the money to transfer out of my bank account, to them -- the vendor shipped my products the next day, even though PayPal did not get my money from my bank for another 4-5 days!

I got burned by a seller who took my money, and then disappeared off of e-Bay.  Would not answer my e-mails, would not respond to anyone, on anything.  I filed a non-delivery complaint with PayPal, and waited.  They refunded me my money, and I moved on.  The seller opened a new e-Bay account a week later, and tried to sell stuff again, but he was gone a month later when I looked him up again, to see if he was still in business.  The only reason I know this, is because I kept looking for the same product, and he offered it, again, under his new e-Bay account ID (guy loved to show photo's of himself in his product ads on e-Bay:  him looking at the camera with attitude plus, on a chopper, with some scantily clad lady on his arm -- could not help but recognize him, in spite of the seller name change).

PayPal is wholly owned by e-Bay.  e-Bay changed their business model a year, or more, ago, trying to move away from flea market sales by mom and pop's, towards businesses who are more professional, and market masses of products.  They really don't care about their flea market sellers much.  You are experiencing this first-hand.  Thanks for sharing.

I haven't sold on e-Bay for several years.  Been a regular buyer, but not a seller.  Been planning on posting some stuff soon, so this is helpful to know before I get into it (I normally do not read the EULA's -- too long, too much legalise for my simple brain to comprehend).

For security reasons, the best thing to do with PayPal, is to open a single account, in a different bank than you normally do business with.  This isolates your bank account from PayPal, who might otherwise indirectly reach into your other bank accounts, if they need to recover funds from you...  My Credit Union will pull from my other accounts, if they have money in them, to cover an overage from any one of my accounts.  I signed the contract allowing them to do so.  Fore-warned is for-armed.  Thanks for the ammunition on my front.  Cheers!

[rich]

Good to know. I've only sold a few things on ebay recently. Most expensive transaction was $65. I haven't had any problems with Paypal yet. There must be some kind of dollar amount threshold or something that kicks off the 21 day waiting period.

I'd like to know the criteria so I'm prepared. Like you said, you're on the hook for shipping the item out and now you've got to front that cost in addition to not receiving the money for the item in a timely manner in the first place.

[TOOLS1]

You know, I could deal with a 7-10 day wait, but 21. I mean if they have not received the item, and know weather, or not it is any good by then. They should not have any reason to complain. Also there is a big difference between waiting 2-3 days, for the bank to transfer, and 21, for paypal to decide, you deserve your money.
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[shinyribs]

I have both bought and sold thru Paypal. Had alot more good experiences than bad,but did run into trouble with them a few times. Try to avoid all online transactions if possible.I like ca$h.The real problem is that noone has any honesty or integrity anymore.That is where all the issues stem from. I hate a theif Tell the truth about what your selling,don't sell jiunk represented as usable, don't steal someones money, and pay the man you promised money to.Period.    Btw,if you wanna route all your business transaction thru me,i would be glad to save you all the headaches of Paypal Just kidding

[Piute]

   only use P.P....Only 1 bad item sellers fault though my seat,has a 4" cut were it meets the tank underneath,p.p.was going to give my $ back,I just dropped there rating,instead
 No prob.but left them neg.comments ,cause shipping was almost twice the cost,25$ seat+ 45$ shipping,was only 2 bidding ?...I deposit only into that account fer ?...Piute N Judose...