Paypal Restrictions and Withholding Funds


Paypal has been withholding fund that I get paid for selling my used gear on Audiogon. Paypal withholds my funds for weeks and requests tons of information concerning the Audiogon sale before releasing the funds to me. Is there a better online payment service company out there? Is Zelle a good alternative? Please help, I need to stop using Paypal

osadu

If you do a lot of transactions PayPal starts to think you are a business and holds funds for a while. I had a buyer pay me by e-check into PayPal and all hell broke lose. PP though I was a business and I had a lot of sales and purchase of audio gear so it did not look good. I called PP and sorted it out but I was messed up for about a week.

I had babysitter payments and other regular bills that were on hold until PP could reset my account after about 5 days. Lesson learned and luckily I do not plan on selling or buying any more audio gear.

Same issue with them...like a couple thousand dollars was a billion or something...

It is ALL about the cash, and no matter how many billions the CEO has, IT ISN'T ENOUGH.  They need to keep your funds for a few days to earn the interest.  Sure, a few cents on 5 grand isn't much, but multiply that by a million and you are almost talking about real money here. And, every day of the year, as well.

No matter how many billions ANYONE has , IT IS NEVER ENOUGH.

So, you are dealing with the greediest people on the planet.  What did you expect?

They did not get billions without being greedy.

Funny, they are all mostly "christians" of some sort.  Kinda makes you wonder if they follow any of the teachings, but I digress.

Greed is greed, you are "playing with the BIG BOYS" and it is "HARD BALL" and all the other tired cliches these people use to excuse their greed.  Reminds me of one of my fav country songs:  "I've Never Seen a Hearse with a Luggage Rack."

Cheers!