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Is is possible to trade PayPal with my brother?

Discussion in 'Ebay' started by billrich31, Jun 29, 2016.

  1. billrich31

    billrich31 Newbie

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    I started dropshipping on ebay a week ago and quickly ran into a problem, PayPal is holding my funds for 21 days and I do not have a way of buying the items from amazon now. They are holding over a thousand dollars and I am forced to put my store on vacation mode.

    My brother has an older paypal account, it doesn't have many transactions, but it is pretty old. My question is: will I be able to switch PayPal accounts with him by linking our own bank and cards to each? Will any complication arise? Will there no longer be a 21 day hold?
     
  2. Sombrero

    Sombrero Senior Member

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    Yea why not, I send money to me from time to time.
     
  3. toml3030

    toml3030 Elite Member

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    Several issues

    1. Using your brother's paypal may cause him tax liabilities because 1099 will be issued in his name.

    2. You and your brother's accounts will be linked, which means that if one gets limited, they both will.

    3. If he hasn't been selling much, chances are you'll till have the 21 day hold.
     
  4. javier1199

    javier1199 Jr. VIP Jr. VIP

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    In add to last post, to avoid 21 days gold I recommend you move small amounts.
     
  5. heffleyboy

    heffleyboy Registered Member

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    One thing to note here is that you need 90 days of selling history for paypal to lift these initially payment holds. So this is only beneficial to you if your brother has sold something on ebay before.

    I found that as long as you are shipping quickly and updating with tracking immediately as it comes available to you, the holds are very manageable. Your funds are released 3 days after confirmed delivery.
     
  6. toml3030

    toml3030 Elite Member

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    Makes you wonder why so many newbies are so desperate to avoid he 21 day hold. I wonder how many are just flat out scamming people.
     
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  7. billrich31

    billrich31 Newbie

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    Obviously I want to avoid the 21 day hold because I ran out of money to buy my products, and am forced to shut down my store of 300+ products and lose tons of money. For you to jump to the conclusion that I'm scamming people is absurd. There are obvious reasons why people don't want to wait 21 days.
     
  8. billrich31

    billrich31 Newbie

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    I called PayPal, the rep said they changed the rules and it will always be 21 days. It has been 5 days since my first product delivered and I haven't gotten the funds
     
  9. heffleyboy

    heffleyboy Registered Member

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    Wow that's very odd are both the paypal and ebay account brand new? Im not experienced in this by any means compared to most, but what Ive read on the paypal and ebay sites is contrary to what you were told from paypal. It must be a new requirement but seems insane since you have a confirmed delivery of goods.

    This doesnt make sense to penalize a seller so harshly as to hold funds for an unreasonable time.
     
  10. heffleyboy

    heffleyboy Registered Member

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    One thing to note is that paypal reserves the right to hold funds based on the type of product sold. Im thinking perhaps they have deemed your product transactions as a higher risk and are holding for the 21 days.
     
  11. speeder33

    speeder33 Junior Member

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    This was the second case recently of an individual not having their payment released 3 days after delivery. Hopefully it is just for those users paypal deems "high risk"