So i finally got a good online business going. Then paypal decides to hold my payments to make sure buyers will be satisfied. I have to wait until october 18th for my next evaluation. To make my business work i have to be able to get money from my buyer and pay the guy that ships it out. I do dropshipping. But if they hold my money I cant pay him. So what do I do to get my business up and running again. Should i get a new paypal? And should i buy a high feedback ebay account? Please give me advice if you've gone through this.
i just got my account closed with over 800$ in it, so i think you should re-open new one. I have waited for over 2 weeks before they told me my account was closed, when they were just checking the transfer.
fotbal5, The payment holds you speak of happen often with PP/eBay transactions and I would expect the same with any PP/eBay accounts. From my experience they will remove the hold through 2 (simple) ways: 1 - buyer leaves positive feedback (which you want to grow anyway) 2 - you provide delivery conformation (which you want to track) I know these two things don't help you out in the very short-term. So..... - - Simply front the cost of starting your venture with your business funds and then once your sales go through and the items are delivered you'll get your money back. Then as your venture grows you'll have bank to rely on until the PP hold is released upon delivery conformation. Hope that helps ya bro
is there anything i can do besides whats already suggested. I dont really have that much money to front my business. I mean I'm a college student, pritty poor right now.
Hi fotbal5, Personally I am not aware of anything else through the options they provide. Keep researching and see if you could come up with another option to get you through the start up Wish you the best!
This is standard practice for new paypal accounts. EXPECT a 21 day delay in payments for at least 2 - 3 months, if you get less you are LUCKY!
