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To: Minutemen

Frequently Asked Questions - Payment Holds
Overview

When some sellers receive payments, we may hold the money in a pending balance for up to 21 days to help make sure that there are funds in the seller’s account to cover potential refunds or claims. The funds may be released early if PayPal determines that the transaction has been fulfilled and customers are satisfied.

While funds are pending, the money belongs to you but isn’t available to spend or withdraw.

If payments on your account are held, we’ll notify you. PayPal will re-evaluate your account every 35 days and decide whether or not to continue holding payments. If we decide to stop holding future payments, we’ll contact you.

https://cms.paypal.com/cgi-bin/marketingweb?cmd=_render-content&content_ID=security/paypal_holds_faq%C2%A0

Makes no sense. If the funds are extracted from your bank and sitting at paypal .. it’s clear the funds are absolutely there and they know it.


15 posted on 02/29/2012 12:37:43 PM PST by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE
Seriously? This new policy takes effect on April Fools Day?

...or did i just ruin a trolling attempt with my first evah post?

19 posted on 02/29/2012 1:14:18 PM PST by PvtHudson
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To: STARWISE
Makes no sense. If the funds are extracted from your bank and sitting at paypal .. it’s clear the funds are absolutely there and they know it.

That hold gives them the money to hold for 21 days in which time is put to interest. It is an income source for PayPal. Interests rates being what they are these days the money is tiny but it is not nothing. Banks do that sort of thing to you as routine.

27 posted on 02/29/2012 2:29:34 PM PST by arthurus (Read Hazlitt's "Economics In One Lesson.")
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