The Ford Barn - View Single Post - Apparent change to PayPal (for the worse)

tubman · 02-04-2020, 08:09 AM

To looks like PayPal just changed their procedure for handling balances without apparent notification. I have been selling a few condensers lately, mostly through PayPal. Last week, a couple went out to Sweden, after payment was received with no problem. This week, I sold one to Niagara Falls, NY. When payment showed up, it was in "HOLD" status. When I researched this (as much as I could), it looks like PayPal now does not release the payment to you until one day after confirmation of delivery.

I am sure they say that this is for security reasons, but think of the additional "float" they are getting. I just thought you sellers should know about this.

02-04-2020, 08:09 AM	#1
tubman Senior Member Join Date: Dec 2013 Location: Minnesota, Florida Keys Posts: 10,320	Apparent change to PayPal (for the worse) To looks like PayPal just changed their procedure for handling balances without apparent notification. I have been selling a few condensers lately, mostly through PayPal. Last week, a couple went out to Sweden, after payment was received with no problem. This week, I sold one to Niagara Falls, NY. When payment showed up, it was in "HOLD" status. When I researched this (as much as I could), it looks like PayPal now does not release the payment to you until one day after confirmation of delivery. I am sure they say that this is for security reasons, but think of the additional "float" they are getting. I just thought you sellers should know about this.