How to Beat Paypal/eBay 21-Day Hold Policy?
I usually hook up maggots with the good gear, but I sometimes use eBay to sell consumer-DIN bindings, etc.
Paypal/eBay just applied its somewhat new 21-day hold policy on me as a seller. If I wait for payment to clear on Day21, it will suck for the buyer to wait for me to ship on Day22. How do the wise maggots get around this dumbass policy when using eBay?
MY CASE:
I sold bindings on eBay for $125-ish. I received the buyer's Paypal payment with status "On Hold - Ship now". I looked into it, and it's a somewhat new 21-day hold policy enacted by eBay/Paypal cooperating together (same ownership, duh). Paypal claims the intent of this policy is to reduce eBay buyer claims of "item not received".
I am a 7.5-year eBay member, 100% positive feedback for 87 transactions. Buyer is a 30-day eBay member with ZERO feedback. By holding his payment away from me and telling me to ship, Paypal seems to be protecting him from me, which makes no sense considering our history records. Instead, in cases like mine, I surmise Paypal's intent is to protect itself from an increase in fraudulent buyers who perform a credit card chargeback after receiving the item, because I figure Paypal takes the loss on some of those cases if the seller quits Paypal/eBay instead of making funds available for Paypal to seize unjustly.
Should I refund the held payment (cancel transaction) and send the buyer a new Paypal invoice marked as "Services/Other", so that Paypal cannot identify the new payment as an eBay auction, thereby excluding the new payment from the eBay hold policy? However, this solution would not prevent the possibility of credit card chargeback (if my buyer is indeed fraudulent).
Or should I demand a different kind of non-reversible form of payment from this zero-feedback buyer, who has done nothing suspicious. For all I know he's an honest eBayer, just brand new with no history yet. Maybe personal check and ship after it clears (not fast, but quicker than 21 days)?
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Don't need to pay ebays inflated prices
Not quite true...
Quote:
Originally Posted by
bfree
Yeah, Ebay just sucks and this is one of the many reasons why.
However, I can confirm that the new policy works. Just print the shipping label and do everything through ebay, and it will have everything linked to the sale. Then, your $$ will be released when A. you get positive feedback, or B. the item is confirmed as delivered.
It sucks, but it works. Don't worry about the new buyer, you're both protected.
Just had the same thing happen on a pair of boards to Edwards, did my shipping through FedEx which has been ruling lately... Uploaded Fedex track through link at paypal transaction details page. Payments cleared 2.5 days after receipt.