This is OLD NEWS!
Back in 2003 they did this to me. Been selling on feebay for years. Buddy asked me to sell some farm equipment. So I went out, got photos, wrote up the listings and off to the races we went.
Items sold for just north of 50,000 bucks. Most under 3K many paid with paypal on smaller things. Anything over 3K was to be paid in person with cashiers check (in the listing) most ignored it and paypaled so they could put it on their credit cards.
Anyways. In one day over 30,000 dollars was deposited in my paypal account. I hit the transfer to checking account button and the next day paypal canceled the transfer and locked the account.
Only 2 items had been picked up at that point and we sure as heck where not releasing the rest with paypal holding the money hostage.
1 year later we FINELY got paypal to let go of the 10,000 they where holding for the two items that had been picked up. The rest requested refunds at our direction. Some of those paid by other means. The rest just said the hell with it.
I still sell on ebay. but I REFUSE to use paypal in any manor.
>I still sell on ebay. but I REFUSE to use paypal in any manor.
Paypal is the de facto merchant service on Ebay so how do you receive your funds and pay for the fees?