BEWARE! Paypal pending payments

[cyber69]

I recently sold an ebay item for £200 and the buyer paid instantly through Paypal and the payment went into 'pending'.

I've never experianced this before having sold quite a bit on ebay and have an above average rating of over 1,500.

I called Paypal and apparantly their system 'flagged' it for security which means that if I can provide a tracking number then I will have to wait for the courier to deliver plus another 72hrs to get my payment. If I had sent it with no tracking number then Paypal will hold the payment for 21 days.

They say they have sent the buyer an email so he can log into his Paypal account and then confirm it has been received.

This seemed to coincide with the ebay 20% off day which makes me suspicious that Paypal have deliberately held a stack of payments so that they can earn interest on them.

 

[cyber69]

I'll be back on the phone to them tomorrow if the funds don't get released today like they promised and I won't hold back in giving the agent some stick. Ebay have earn't over £80 in charges off me this month and I get **** poor service in return.

And my wife was mulling over the idea of running a small business over ebay! I told her it was far too much hassle for what the return would be.

 

[cyber69]

Called Paypal and got through to their Indian call center, didn't give her any grief just explained that my payment should have been released today as promised and it wasn't and she told me that she would personally keep an eye on my account and by 09:30 tomorrow the money will be released.

Probably the time when their call center switches back to UK or wherever it is.