Paypal - Limited Account - How Long?

mrmr37

patriciaellen wrote: »

I've now had a "Rolling Reserve" applied to my account so that Paypal is keeping back 10% of all my monies for a period of time. Anyone have any information on this? What is it? How long might it continue? To be honest I'm a little pi*sed off about it so any insight would be helpful.

My paypal account also has a rolling reserve on it. Basically Paypal think that the few things I have sold in the past make me 'high risk' so just in case I get any chargebacks of disputes opended against me they're going to keep 15% of all money that goes into my Paypal account for a period of 90 days. After the 90 days is up then I can withdraw that 15% to my account.

Your rolling reserve sounds a little different to mine i.e. 10% instead of 15%, so the length of your rolling reserve might be shorter than mine.

Its very annoying but thats the way paypal operate. They're the strangest (and worst) company I've dealt with. Sometimes I wonder whether their employees get bonuses for the more people they p*ss off!!!!!

Anyway, hope that helps!

patriciaellen

Maybe mine is 15% too rather than 10%. It's the principle of the thing that is pis*ing me off. Is there anything at all stopping me from closing my Paypal account and operating my ebay business out of another Paypal account?

cyberbob

patriciaellen wrote: »

Maybe mine is 15% too rather than 10%. It's the principle of the thing that is pis*ing me off. Is there anything at all stopping me from closing my Paypal account and operating my ebay business out of another Paypal account?

When you opened a new one Paypal would link your details to the original account and may even stop you having a Paypal account as it would look like your trying to do something Underhand

soolin

patriciaellen wrote: »

Maybe mine is 15% too rather than 10%. It's the principle of the thing that is pis*ing me off. Is there anything at all stopping me from closing my Paypal account and operating my ebay business out of another Paypal account?

They'll get you under the misuse of the paypal system and ban you for good.

emweaver

an update on my paypal they now have closed it said they can not offer their services to me anymore as im a risk to their business. wont say what risk I am. Ive not had 1 paypal dispute in over a year and sell a fair bit on ebay. Of course now I cant buy or sell without a paypal account! Im loosing out a low of money cos of them