PayPal Sucks for Holding Seller Funds
I have been selling on eBay since 2000, but I’ve been in and out of it. I have been a PowerSeller and all that good stuff. Working on eBay is like a second nature to me.
My newest account was created in 2010. Honestly, I haven’t been using eBay a great deal because of the way they changed once they started getting greedy.
At any rate, I sold an expensive cell phone recently and I sold one back in 2010, lol. All my transactions have positive feedback. When I went to sell my $1,500 computer today, they “held” the funds that the customer gave me and expected me to come out of my pockets with shipping money for a computer. They expected me to be okay with my money being in limbo and my product being gone…until they say so?
WOW! There was no way I was shipping out my personal computer like that, and I think it’s ludicrous for them to feel as if they have the right to hold the funds that our customers give us.
I had to apologize (might still get a neg)to my customer and reverse the PayPal transaction because the “hold policy” is just unacceptable. It might protect some small percentage of buyers who fall victim to shady sellers, but what about the shady buyers who receive an expensive item and then claim it is “defective” or that something else was in the box, etc. Scams can go both ways, and I certainly don’ t appreciate being treated as a possible scammer. I’ve had the account for 5 years, and I JUST sold a phone in February. There’d be no reason for me to just up and beat someone.
Anyway, I’m upset because I was going to start eBaying full time. Not anymore. I sell my stuff on Craigslist where I get the money and THEN I put it into the customer’s hands. PayPal and eBay are not God. It seems as if every large company starts screwing people over when it starts making money. We do have other options. They may be slower options, but at least we don’t have to wait for someone to ration our own funds out to us.
Totally unethical and unprofessional. Just wanted to say that eBay really sucks. It did not used to be this way. Old-school eBay: List your item, receive money order, cashier’s check or personal check. Ship item. Exchange feedback. The system was 95 percent honorable because we were mostly good people doing the transactions.
Posted: April 15, 2014 at 4:14 pm