paypal vs. 2checkout, which holds your money?

Discussion in 'Business & Tax Advice' started by EliteofIG, Aug 30, 2015.

  1. EliteofIG

    EliteofIG Newbie

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    Paypal holds the sellers money for 21 days if you are new, but the thing is i am in a fast business so i need my money as soon as possible. So should i use 2checkout instead and how long does it take for a seller to be able to use the money the buyer sent. So for example say I wanted to buy the item using the buyers money, or have the money in a few hours, is this possible with 2checkout?
     
  2. Sherb

    Sherb Jr. Executive VIP Jr. VIP

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  3. EliteofIG

    EliteofIG Newbie

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    You really think so? Why?
     
  4. cryptons

    cryptons Supreme Member

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    paypal holds seller money for 21 day????
     
  5. EliteofIG

    EliteofIG Newbie

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    Yes, and mostly new sellers. its crazy.
     
  6. GrahamCrackers

    GrahamCrackers BANNED BANNED

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    Google wallet is not great, only until they do a background on you. Will suspend card for no reason
     
  7. harizd

    harizd Regular Member

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    Never heard of PayPal doing that on new accounts. Are you sure its for all new sellers?
    Sadly, there is no better replacement for PayPal currently. So whatever they do, we just have to go with it.
     
  8. AutoSuccess

    AutoSuccess Newbie

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    I think you may have confused Paypal/Ebay with Paypal standalone.
    Paypal has never held my money for being new, or anyone I know for that matter.
     
  9. Reviewergal

    Reviewergal Junior Member

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    I've only dealt with PayPal holds when selling through eBay because I sell so rarely. I've sold items outside of eBay with no issue. If it is a new account, physical product, and large amount I wouldn't be surprised if they arbitrarily slapped a hold on a transaction. Google Wallet and 2checkout are both decent alternatives but a large number of buyers are comfortable with PayPal.