Paypal holding a payment

Glad it got straightened out . I have had instances of trying to pay someone and PayPal would not send the money to him . It was a guy I had had several transactions with and every time it was flagged . We figured out if we sent invoices through PP they would go through without a hitch but still kind of odd and it has only happened one other time . Not the same as what you went through but still kind of odd at how they flagged him or me . I can send money through my bank with a email address... I send money to my daughter that way . Wonder if that could be a avenue to consider.
 
On whether to use PayPal or not: I just received payment from PayPal for an item I sell online. Their fees increased since last month—I must have missed the notification.

In my case, it is a 46% increase in the total fee paid, and a 1.5% increase in the fee based on total purchase price—just enough to make it tempting to raise my prices and enough of a PITA to update the website, etc.

This likely predicts a problem to other buyers and sellers who use PayPal: inflation and/or lower profits.
 
annr said:
On whether to use PayPal or not: I just received payment from PayPal for an item I sell online. Their fees increased since last month—I must have missed the notification.

In my case, it is a 46% increase in the total fee paid, and a 1.5% increase in the fee based on total purchase price—just enough to make it tempting to raise my prices and enough of a PITA to update the website, etc.

This likely predicts a problem to other buyers and sellers who use PayPal: inflation and/or lower profits.
Click to expand...

I don't think their fees have increased. I just checked my most recent sale and it was still 2.9% + $0.30. I think your buyer has a non US Paypal account, which would be a 4.4% + $0.30 fee.

https://www.paypal.com/us/webapps/mpp/merchant-fees?locale.x=en_US#standard-transaction-fees
 
When I looked under fees:
Selling with PayPal:
If you receive money for goods or services, the fee for each sale is 4.4% plus $0.30 USD, or lower (the more you sell, the less you pay). International payments cost a little more.
Click to expand...

ETA: My other transactions were 2.9% + 0.30. This one was 4.4% + 0.30. Perhaps I am being penalized for selling less.

-Corey- -Corey- When was you last transaction?
 
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Wondering how the Apple cash via messaging works in it's final form? Limitation between Apple to Apple only, but could be another option. Just spitballin.
 
Spoke with someone at PayPal, and if they are correct: the reason for the higher fee is that the buyer must have used a foreign PayPal account or foreign-based credit card--something I can not see and do not know how I would charge for or compensate for in my fee structure. Sound like a legit answer?

According to PayPal, as long as the sale is completely US-based, then the lower fee applies--will have to keep an eye on it.
 
annr said:
When I looked under fees:


ETA: My other transactions were 2.9% + 0.30. This one was 4.4% + 0.30. Perhaps I am being penalized for selling less.

-Corey- -Corey- When was you last transaction?
Click to expand...

My last one was Nov. 27th. I've sold a few things to people that have US shipping addresses, but the buyers are actually overseas and have a non US account. I've got one like that from Nov. 27th as well. One way to find out is click on the payment in your Paypal account and click the link that says "See details on classic site", then you can scroll down a little to where it says "Payment from" and if their non US, it will say so. You're still covered by Paypal on those sales. You're only responsible for getting the package to the address they provided, if it gets lost or damaged after that, that's the buyers responsibility.
 
annr said:
Spoke with someone at PayPal, and if they are correct: the reason for the higher fee is that the buyer must have used a foreign PayPal account or foreign-based credit card--something I can not see and do not know how I would charge for or compensate for in my fee structure. Sound like a legit answer?

According to PayPal, as long as the sale is completely US-based, then the lower fee applies--will have to keep an eye on it.
Click to expand...

You can prevent those issues by changing some settings in your account. Go to your Paypal summary, scroll down to "Seller preferences" and click on it, scroll down to where you see "Block payments" and look on the right hand side of the screen and click "Update" on that row. Then you can block various things like; payments in currency I do not hold, payments from non US accounts, and payments from users with non US shipping addresses.
 
-Corey- said:
You can prevent those issues by changing some settings in your account. Go to your Paypal summary, scroll down to "Seller preferences" and click on it, scroll down to where you see "Block payments" and look on the right hand side of the screen and click "Update" on that row. Then you can block various things like; payments in currency I do not hold, payments from non US accounts, and payments from users with non US shipping addresses.
Click to expand...
Thanks for this. I thought that I had ticked off all the right boxes and settings, and this one snuck through with some kind of non-US account/card.

Since it is the first in over 150 sales, I think I'll let it ride until it becomes more of a problem.

I do sell to overseas customers on a request basis, so I probably would have sold to him, and it's shipped in US which is fine. Mainly, I was caught by surprise. I hadn't prepared for this...

Thanks again.

ETA: you were right:
The sender of this payment is Non-US-Unverified
Click to expand...
 
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I hate eBay and if you ever want/need to use eBay you pretty much must use Paypal these days I remember the good early days of eBay where I got everything via MO and was later billed by eBay for my fees and paid them promptly no problem. Now you must have a CC or Bank on file for eBay to instantly collect from and most buyers will skip anything they can't pay via CC which accepting PayPal allows. To top it off eBay and PayPal both so heavily favor/protect buyers that it is actually relatively easy for buyers to submit false claims and/or refuse to work out a dispute forcing you to accept a return and issue a refund while eating any cost you incurred in your listing and sale.

I had my rant so who wants to trade using BitCoin or other digital currencies it might be the best alternative to PayPal we have on the way.
 
Don't they hold large sums for no reason because they make interest off it? That's what I had read a while back, as they've been doing this for years. Even if it's only a few hundred, imagine the hundreds or thousands of people that they could earn interest on.
 
I used to think this was one of those crazy things the conspiracy nuts would say, but after seeing so many people getting hit with holds, it makes sense.
No one has ever gotten a reasonable response from PP when this happens.
Very weird.
Joe

lieferung said:
Don't they hold large sums for no reason because they make interest off it? That's what I had read a while back, as they've been doing this for years. Even if it's only a few hundred, imagine the hundreds or thousands of people that they could earn interest on.
Click to expand...
 
IIRC that is illegal for them to do with the money based on how I understand their supposed operation and what a company can do with your money or what they must do in order to do such with your money.
 
The PayPal thing confuses me...

Don't you need a Business -> Legitimate Business Name -> Business Tax ID # linked to your SS# to even be a goods & services seller on PP?
 
Phixt said:
The PayPal thing confuses me...

Don't you need a Business -> Legitimate Business Name -> Business Tax ID # linked to your SS# to even be a goods & services seller on PP?
Click to expand...

Short answer-No

Slightly longer-PP originated as a payment system of Ebays where many individuals sell products. They most likely do have your SS number(too long ago to remember, but I think so) and I believe if you sell a certain amount($20,000 or 200 G&S payments) they do report it to the IRS.
 
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@Apocryphiliac

USPS MO is safer than PayPal, no two ways about it. USPS MO is also, "More federally bonding than cash," according to a local USPS worker.

Don't take it from me, take it from your local bank.:thumbsup:

I think we're all gonna see PP come crashing down...to a revamp. Soon it will be 10% G&S, to fund rockets n stuff, and since the scammers have exploited all the loopholes we good boys n gals will be reverting.

ETA: Since I'm not grandfathered in, I'm not even allowed to create a seller G&S account without first acquiring a business name and accompanying business tax id #; looks like the change is in motion.
 
I just saw a couple of days ago that ebay is going to be shifting from paypal to some European based company, phasing out paypal over time. Didn't have a clear reason why the shift. Hhhmmm,,, ebay created paypal, spins off paypal and now cuts the ties? Weird.
 
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