no, but they can’t hit your credit report without it. So they make a lot of empty threats.
That makes sense, gotcha.
They are brutal tho. My sister used a debt card to buy something on her account and before it cleared she had to cancel the card cuz it was stolen and the transaction never went through and they called my parents house every night twice all over like $50
Ah the abuse of lock-in. God bless capitalism.
Anyhow, yeah that’s shitty. Good luck getting them to work with you to get that $25k number reduced.
are they FDIC?? … really are they … Im sure you have a biz account anyway and FDIC is diff then my PP account … but still
Soft Collections VS. Hard Collections
I can’t even imagine how pissed you are at paypal but I fucking hate them a lot.
why not send them the supporting sales statistics and see what they do?
like an official copy. showing average purchases, total purchases, total refunds, total dollar amount of refunds, percentage of sales that is refunded…
Really give hard accurate numbers and see if they budge?
How is that legal? What if you were broke, needed the cash and they were “holding” it? WTF?!
It’s like stealing money from your house and then returning it 180 days later. You are without the money for 180 days and get absolutely NOTHING upon it’s return… other than “Hey, my $$$ is back!”
Then, a week later, what’s to say that won’t do it again with even more $$$??
ur sucha baller
you’d be VERY surprised how EASY it is to get your social security # just by having your full name and address.
Its part of their user agreement for premier and business accounts. They have the right to hold money in your account that are for transactions as they see fit to protect them against reversals. They can decide to do what they want too.
The terms may require that a certain percentage of the amounts received into your Account are held for a certain period of time, or that a certain amount of money is held in reserve, or anything else that PayPal determines is necessary to protect against the risk associated with your Account.
Still, if its not on the account, they can’t put it on your credit report.
Paypal money is not FDIC insured. I have an atm/visa card from them from when they first started. They DO NOT have my social security number, and they misspelled my last name on the printed card.
Talk about one hell of a tax shelter, too bad I don’t sell many items on ebay anymore.
it sucks, but you’re making a killing anyways, so suck it up.
i had a couple issues with paypal in the past, but in the long run i’ve been way better of with paypal than without it…
$750k is mind boggling though… in 4 months? WTF?
do you not have to pay the 3% paypal fees on all transactions because you have a business account?
i’ve prob sold about 10k worth of things since around october, and the 3% has killed me
(i know it’s only 300$, but still)
I would call and bitch to no end. Whoever you got a hold of on that phone would have a new asshole. I have also stopped using paypal for anything and everything.
I wish I could be at a point in life to bitch about paypal holding 25k, its not like they have all your money…
Its all about perspective, could be worse right?
regardless, it still sucks…
1.5%
Basically what i have been doing… i’ll just be the squeeky wheel.
this would make me tell them FU