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 yyzsantabarbara

If you do a lot of transactions PayPal starts to think you are a business and holds funds for a while. I had a buyer pay me by e-check into PayPal and all hell broke lose. PP though I was a business and I had a lot of sales and purchase of audio gear so it did not look good. I called PP and sorted it out but I was messed up for about a week.

I had babysitter payments and other regular bills that were on hold until PP could reset my account after about 5 days. Lesson learned and luckily I do not plan on selling or buying any more audio gear.