PayPal put a 21 day hold on my account, because I'm allegedly "high risk"? What?
I got this disturbing message from Paypal (excerpts):
"Starting 2/19/2012, money from payments you receive will be placed in a pending balance for up to 21 days. By doing this, we're making sure that there's enough money in your account to cover potential refunds or claims."
"Even though you can't access the money right away, please ship orders quickly and communicate with your customers. After 21 days, you can withdraw money from each payment as long as the customer hasn't filed a dispute, chargeback, claim, return, or reversal."
"Why are my payments being held?
We reviewed your account and determined that there's a relatively higher than average risk of future transaction issues (such as claims, or chargebacks, or payment reversals). We understand that it may be inconvenient to have your payments temporarily held but please know that we didn't make this decision lightly."
I have used eBay and PayPal for years. I have perfect eBay feedback. Has anyone else gotten out of this?