# F\*ck PayPal v. reserved funds **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [April 30, 2009, 7:25am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043 "2009-04-30T07:25:43Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [April 30, 2009, 7:25am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/1 "2009-04-30T07:25:43Z")
So i get an e-mail from PayPal saying: “Following a risk assessment of your account we feel it is necessary to reserve $25,000.00 of your funds” Basically PayPal gets to hold onto $25K in my account (Interest free) that i have no access to. If i were to close my account, they hold onto it for a period of 180 days. I have been doing a no-questions asked refund policy and PayPal feels we are at risk and would require having a reserve fund to support a mass of refunds if need be. I understand this, $5K is understandable…but $25K is absurd. I have done over 15,000 paypal transactions in the past 4 months and the average transaction is $50. I have done less then 1% in refunds, yet PayPal feels that it is necessary to hold onto 3x’s the amount that I have refunded as a reserve. B.S. At a drop of the hat they can just say… “well, we’re going to hold onto $XX of your money…because we want to” 🖕 /rant. I dispise the Monopoly known as eBay/PayPal. ---
**Author:** ![Daddie](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/daddie/32/7621_2.png) [@Daddie](https://forums.speedlife.net/u/Daddie)\ **Post date:** [April 30, 2009, 7:38am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/2 "2009-04-30T07:38:12Z")
Wow, 25K? ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [April 30, 2009, 7:40am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/3 "2009-04-30T07:40:09Z")
Welcome to the world of small business my friend 🙂 ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 30, 2009, 7:41am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/4 "2009-04-30T07:41:38Z")
ah yes. “You have to use us and we know it, so we do what we damn well please.” ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [April 30, 2009, 7:43am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/5 "2009-04-30T07:43:55Z")
i asked them to share with me their “risk calculator” and how that value is chosen. They say they cannot disclose that information. I told them that’s like getting pulled over and given a ticket, but not being told why…just pay the fine. How do you address the problem if you don’t know what it is? > [@Onyx Z32](#): > > Welcome to the world of small business my friend 🙂 that is hardly the “world” that is the “we’ve got you by the balls PayPal/eBay” business. mind you that’s held onto with 0% interest. ---
**Author:** ![Tunerfreak](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tunerfreak/32/7427_2.png) [@Tunerfreak](https://forums.speedlife.net/u/Tunerfreak)\ **Post date:** [April 30, 2009, 7:45am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/6 "2009-04-30T07:45:24Z")
why not just change your refund policy, but still take it as no questions asked?? something similar happened to me and all i did was change stuff around and it all went back to normal ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [April 30, 2009, 7:47am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/7 "2009-04-30T07:47:15Z")
It’s all about how many refunds you’re making relative to how much you’re bringing in. If they see that you’re sending back tons of payments, they look at it as a sign things might not be so good for you. You might want to ask them what % of refunds vs. income triggers an assessment. ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [April 30, 2009, 7:50am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/8 "2009-04-30T07:50:09Z")
> [@Tunerfreak](#): > > why not just change your refund policy, but still take it as no questions asked?? something similar happened to me and all i did was change stuff around and it all went back to normal the policy is not addressed to PayPal. The no-hassel policy benefits PayPal because they don’t have to deal with disputes. We are averaging about $8K/day in sales… so refunding somebody $50 isn’t much of a risk in my eyes. ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [April 30, 2009, 7:50am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/9 "2009-04-30T07:50:44Z")
> [@Onyx Z32](#): > > It’s all about how many refunds you’re making relative to how much you’re bringing in. If they see that you’re sending back tons of payments, they look at it as a sign things might not be so good for you. > > You might want to ask them what % of refunds vs. income triggers an assessment. see my original post…about 1% in refunds…out of 15,000+ transactions this year. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 30, 2009, 7:53am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/10 "2009-04-30T07:53:03Z")
Set up your own website/payment system. ---
**Author:** ![LAFENGAS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/lafengas/32/7573_2.png) [@LAFENGAS](https://forums.speedlife.net/u/LAFENGAS)\ **Post date:** [April 30, 2009, 7:54am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/11 "2009-04-30T07:54:48Z")
> [@Avatar](#): > > Set up your own website/payment system. that’s what it has pushed me to… PayPal has been established as a convienence. Ebay only makes it that more lucritive for PayPal to be the only option to pay for auctions. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 30, 2009, 8:02am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/12 "2009-04-30T08:02:16Z")
> [@LAFENGAS](#): > > that’s what it has pushed me to… PayPal has been established as a convienence. Ebay only makes it that more lucritive for PayPal to be the only option to pay for auctions. Glad to hear. It really is awful what paypal does to small businesses, but if enough people get fed-up and find alternatives policy may change. Or ebay will just force more payment restrictions into their auctions… Edit: I thought there is a way to redirect a buy-it-now payment away from paypal to your own payment system. Maybe I’m mistaken. Is paypal the only option when paying for an ebay auction? ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [April 30, 2009, 8:04am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/13 "2009-04-30T08:04:54Z")
holding it for 180 days after you would close your account is insane to me. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [April 30, 2009, 8:05am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/14 "2009-04-30T08:05:51Z")
I keep a lot in my PayPal account too. Their money market isnt bad and get better rates on my money than my BoA savings. I just hate paypal but its so easy to use and people never want to get away from it. ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [April 30, 2009, 8:08am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/15 "2009-04-30T08:08:22Z")
> [@boxxa](#): > > I keep a lot in my PayPal account too. Their money market isnt bad and get better rates on my money than my BoA savings. > > I just hate paypal but its so easy to use and people never want to get away from it. this has almost nothing to do with the OP or thread topic. ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [April 30, 2009, 8:22am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/16 "2009-04-30T08:22:13Z")
I think there has to be more that PP could do for you … call and try to sppek with someone “higher” up … ask if they can give you some type of interest or you will be moving your 8K a day to something else … I think you are to “big” for PP and need to get accounts with the CC companys ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [April 30, 2009, 8:29am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/17 "2009-04-30T08:29:53Z")
> [@Geehee](#): > > this has almost nothing to do with the OP or thread topic. Lol…in my head that made sense but reading it now I guess it didnt. What I meant to say was that I use it for my online web hosting and software sales and keep a lot in it since the interest is better. I have gotten emails that they have held the amount of almost a past months of transactions from me. I only make about 100 transactions a year and the ave one is far less than what the OP was but it just is a shit policy of PP since they honor refunds of users. A curious question, if you have a bank account and credit card on your account and someone sends you say $1,000 for an item. If you widthdraw it right away to your bank account and 30 days alter the guy complains and says he never got it, does PayPal have the right to go into your account and take the money out? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 30, 2009, 8:31am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/18 "2009-04-30T08:31:57Z")
No. All they can do is freeze your paypal account and bitch at you. Then they send it to collections and they nag you for months, but since they don’t have your social security # they can’t do shit. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 30, 2009, 8:33am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/19 "2009-04-30T08:33:55Z")
So…did you send them a pic of your forearms? I bet this would yield results. ---
**Author:** ![SideWinderGX](https://avatars.discourse-cdn.com/v4/letter/s/fbc32d/32.png) [@SideWinderGX](https://forums.speedlife.net/u/SideWinderGX)\ **Post date:** [April 30, 2009, 8:34am UTC](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043/20 "2009-04-30T08:34:54Z")
> [@Joe](#): > > No. All they can do is freeze your paypal account and bitch at you. Then they send it to collections and they nag you for months, but since they don’t have your social security # they can’t do shit. Collections needs your SS to get money from you? I thought they just needed your address, banking info and telephone number. [Next page](https://forums.speedlife.net/t/f-ck-paypal-v-reserved-funds/67043.md?page=2)