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PayPal Is Holding ALL Funds For SEVENTY-TWO HOURS!!

(5 Posts)
DocGeeBee Wed 13-Jun-18 18:50:36

PayPal has begun a NEW System-wide policy of holding ALL FUNDS requested for transfer FOR SEVENTY-TWO HOURS.
They claim it's for "Security Reasons", but it's really ANOTHER WAY TO GET A 3-DAY FLOAT WITH EVERYONE'S MONEY!

New deposits are AUTOMATICALLY PUT ON HOLD FOR TWENTY-ONE DAYS !!

ANYONE WHO USES PAYPAL REGULARLY SHOULD HAVE THEIR HEAD EXAMINED.
The other thing PayPal does is REQUIRE IMPOSSIBLY DIFFICULT VERIFICATION THAT A TRANSACTION HAS BEEN COMPLETED.
This gives them even more FLOAT with customer money before they have to give it to you.

Bombardier25966 Wed 13-Jun-18 18:55:52

There is no need to shout.

I've had no problem withdrawing funds from PayPal today.

RippleEffects Wed 13-Jun-18 19:00:48

If you're a new seller or you've had a few disputed transactions they do the hold money for 21days thing. It stops if you establish your account by regular use and you maintain minimal disputes.

I think it's always taken upto a couple of business days for bank transfers.

BettyBaggins Wed 13-Jun-18 19:02:33

My transfers have always been immediate.

19lottie82 Thu 14-Jun-18 09:33:26

Calm down.

I haven’t had any problems withdrawing. Always immediate.

They do impose restrictions on new and newish sellers though. It’s a fraud prevention measure. Perfectly sensible IMO.

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