paypal 21 day holding money

can someone tell what this is about and who it applies too.
a friend was today told send the item wait for positive feedback then you will receive your money.
the friend is new to ebay less than 20 FB but has sold other bits and pieces without this problem.
i for one will remove paypal when selling if it affects me.
i have read a few threads with some info cant find why and when this new rule applies.
thanks ragjoy..................

Comments

  • soolin
    soolin Posts: 73,856 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You can't remove paypal as a payment option from next week.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • RFW
    RFW Posts: 10,371 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    More details here

    http://www.auctionbytes.com/cab/abn/y08/m02/i08/s03

    Its payment held for 21 days or until feedback received. If there are no disputes within 21 days or feedback is left then money is released.

    It is for high risk transactions, so transactions that are generally prone to chargebacks.

    I'd strongly recommend that anyone affected sends goods using an online tracking post/courier service.
    .
  • ragjoy
    ragjoy Posts: 197 Forumite
    soolin wrote: »
    You can't remove paypal as a payment option from next week.
    are you saying you cant sell without paypal as of next week?
  • ragjoy
    ragjoy Posts: 197 Forumite
    RFW wrote: »
    More details here

    http://www.auctionbytes.com/cab/abn/y08/m02/i08/s03

    Its payment held for 21 days or until feedback received. If there are no disputes within 21 days or feedback is left then money is released.

    It is for high risk transactions, so transactions that are generally prone to chargebacks.

    I'd strongly recommend that anyone affected sends goods using an online tracking post/courier service.
    could you list a few of these goods.
    thanks ragjoy.........
  • RFW
    RFW Posts: 10,371 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I don't know of they are specifically targetting goods. It looks like it is sellers and goods. I'd guess the higher risk goods would be things like ipods, mobile phones, games consoles and items that have a high amount of fakes, other items are likely to be included too, depending on the seller.
    .
  • RFW
    RFW Posts: 10,371 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ragjoy wrote: »
    are you saying you cant sell without paypal as of next week?

    Not quite, you can't sell without offering Paypal as a payment option.
    .
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