admin : Sunday, May 9, 2010, 14:56

$100,000 In PayPal Hold For Six Months (Continued)

I’m the guy that posted here 2 posts back about PayPal holding around $100,000 of my money for 6 months. An update to the situation-

As you could have imagined, I have a number of eBay accounts and am a fairly large seller (all accounts maintain generally a 100% feedback rating). On the afternoon of the 3rd of May I get a whole slew of emails (came out to around 46 of ‘em) for 11 of my eBay accounts being suspended all in one go. What do I figure caused it? A few days prior to that, I went on eBay and faxed in an application to have my proper professional merchant account (GlobalPayments) so I wouldn’t have to accept PayPal for my transactions (as I can’t get to the money for a while anyways, and I can’t afford to keep on going like this). After talking to eBay for about an hour (ok, more like 50 minutes on sporadic holds “while they read the notes” and 10 minutes of talking) they actually told me that PayPal had requested my accounts be suspended and that if I clear things up with PayPal, they will unblock my accounts. Everything was fine when I was selling and just not withdrawing the money, but now not selling and my money being held and everything has gone to the pooper, that is not nice… What to do? Fortunately my main account is not blocked, but thats still paying a few thousand dollars a day into PayPal (just to be held in their safe hands), I am scared. What do I do? Please, anybody, help.

Submitted By Sean

$100,000 In Limited PayPal AccountSo… I sell on eBay, as I am guessing a lot of you do… and I typically do anywhere from $3,000/day to $26,000/day… Happily withdrawing around once a week to the tune of $30,000+… All...

Hold on PayPal Despite 100% Positive FeedbackGot a notice from Paypal this week, they are now going to hold my payments for 21 days, no real explanation of why. I have nearly 1000 positive feedback, no neutrals, nearly perfect on communication,...