WHAT IS UP WITH PAYPAL and PENDING PAYMENTS??

[eccomic]

Hi:

 

I recently sold my Supey 1 on Ebay and the payment is STILL pending from August 6, 2003 and I contacted Paypal whom advised that due to the amount of money $2500 USD, that the need to VERIFY the funds, yet the buyer paid successfully, I smell a rat here. The Customeer service agent I contacted at Paypal said it was OK to ship out the Supey 1 as the buyer had successfully paid, Than why are the funds still pending?? I receive many payments of this nature and the has never occured!!

 

Is anyone else experiencing Pending payment issues with Paypal??

[Bugaboo-migration]

Screw that. I wouldn't ship that book out UNTIL the funds have cleared into the bank account you have associated with Paypal and you've successfully moved those funds to a non-paypal related bank account.

 

Paypal is so full of

[aardvark88]

I'd be patient & wait a day or 2 until the PayPal is no longer pending then do what Bug recommends above.

[BronzeBruce13]

Don't send out anything Paypal related until the funds clear and are transferred away from the connected account... if its costly anyway. There are strategies i suggest in the following threads to cover your arse.

 

Paypal fees

 

More New Paypal info and strategies

 

[BronzeBruce13]

BTW.. pending payments are usually an "e-check" if I'm not mistaken.

Paypal claims they review bank transfers on an individual basis. it's touched on in one of those 2 links. I've noticed that somewhere around the $2,000-$3000 mark they may choose to force an attempted instant bank transfer to be an "e-check" where they have time to verify the funds. They want to protect themselves obviously. The cynic in me also thinks its possble they do this to "slow down" large payments for which they receive no fees. If someone wants to transfer a large sum via bank funds and in the process discovers it would be a "e-check" that takes several business days to clear... maybe some are forced to use the credit card (2.2 to 2.9%)

[eccomic]

I already sent the Supey 1 by FED EX to the buyer in the UK.

 

I contacted Paypal again they truely do NOT know what they are talking about.

 

I hope I don't get screwed.

[cicamen]

It probably was a Echeck i just got a few of those and it took 3 days to clear but they were in the US. Yours might take longer because they are from the UK. I hope it clears because you could probably get screwed since you sent it already.

 

Chris

[eccomic]

It is not an Echeck but Paypal does state that the money was received successfully by my buyer, so I just imagine that it is taking longer to post to my bank account due to the AMOUNT of the transaction so that Paypal can VERIFY the funds. I hope this make sense