Not true. Payment is rendered instantly.
In a nutshell, there are two ways to pay someone using PP: 1.) “Regular” PayPal which is used for goods and services and charges the seller a fee based on the total dollar amount of the transaction; or, 2.) PayPal “gift” where money can be transferred to an individual purportedly as a “gift”. Under the terms of PP gift there are no fees. Both of these scenarios assume that the seller or person sending the funds has a bank account in good standing linked to the PayPal account. That’s because PayPal used ACH transactions to draw the money from your account. You can fund a PP purchase or gift with a credit card, but you’ll pay merchant fees if you do so. PayPal also offers buyer protections in regular transactions where fees are paid (goods and services, not gift) in that they can help you get your money back in the event of an issue with the goods. services or seller. These protections favor the buyer, and as a result of this a lot of sellers have abandoned venues like eBay that use PP. Things like allowing a buyer to come back to you as much as six months after a transaction and demand a refund. PayPal has no feedback function/capabilities. Only the selling venues such as eBay have feedback, and they determine the terms as to how that feedback is used. I am not aware of eBay inserting itself into a transaction as a proxy or escrow agent. There are third party escrow services out there that will hold your funds until you confirm receipt of the item. These are often used for high dollar purchases, such as cars. -D > On Nov 5, 2017, at 8:18 PM, Mountain Man via Mercedes <mercedes@okiebenz.com> > wrote: > > Someone told me paypal holds money until feedback is issued on a sale? > Is this possibly for new sellers? Maybe sellers with questionable > practices? It sounds odd? Has anyone heard of this? > ...curious... > Thanks. > tin.man > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
