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

Showing 1 response by skyscraper

I’ve only sold one piece of audio equipment, The payer quickly sent the money via PayPal after receiving the component. I then had the same problem as osadu with Paypal not wanting to release the payment. After a series of emails to them and jumping through some hoops, they finally agreed to send the payment to me only if I connected my PayPal account to my bank account for direct deposit plus provided my Social Security number, Both of which I found to be outrageous demands.

After providing that information under protest to obtain the substantial payment I finally received the money. I cancelled my PayPal account the next day as they promised to delete the information provided along with rest of my account information if I did so. So hopefully my bank account and Social Security Number would now not be subject to being hacked. through PayPal like my Ebay account had been a number of years ago.

Mike