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Paypal's Website Payments Pro



 
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Old September 10th, 2009 Sep 10, 2009 5:30:05 AM -   #1 (permalink)
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Default Paypal's Website Payments Pro

Paypal's Website Payments Pro now has a 30% holding on all your days transactions for 90 days! Is Paypal Express Checkout the same deal?
 
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Old September 10th, 2009 Sep 10, 2009 2:36:54 PM -   #2 (permalink)
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Default Re: Paypal's Website Payments Pro

From my understanding, there has always been a provision that they can hold your funds for some amount of time. Per their standard user agreement:

10.3 Actions by PayPal. If we have reason to believe that you have engaged in any Restricted Activities, we may take various actions to protect PayPal, eBay, a User, a third party, or you from Reversals, Chargebacks, Claims, fees, fines, penalties and any other liability. The actions we may take include but are not limited to the following:
....
e. We may hold your funds for up to 180 Days if reasonably needed to protect against the risk of liability; and
......

Did you receive a notice from them about this specific hold or did you get some sort of update?
 
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Old September 10th, 2009 Sep 10, 2009 4:54:52 PM -   #3 (permalink)
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Default Re: Paypal's Website Payments Pro

I am curious about this as well and I have a Paypal Pro account and have never had my funds held. Matter of fact a client just paid for an order this morning and I pulled the cash out of the ATM with my paypal debit card this afternoon.

Katrina
 
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