It may only take a few steps to issue a refund on PayPal, but there are other considerations to note. When will funds show up in your customer’s account? Here are answers to some common questions about the PayPal refund policy and processes. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
Almost immediately she noticed that Paypal account limited for 180 days . She could not access any of her newly deposited funds. They don’t screen your account before, so if you process in the high risk industry, they can shut down your account at any time citing you violating their Terms & Conditions. I was wondering if it is possible to get back on? I was reading an article by Auction Essistance about stealth, but is it really legal?
They now start demanding to be linked to people’s bank accounts, in order to transact. If you never want to deal with the possibility of getting your account frozen or limited, then go with a regular merchant account and gateway. If you have low credit scores or any history of fraud or criminal activity, then go with a regular merchant account and gateway like eMerchant. Likewise, if, after the limitation, the funds in the account are insufficient to pay all the necessary expenses, you will need to cover the difference with personal funds.
Provide a record of the original transaction, including the payment information and customer information as it was provided to you. An unauthorized user has accessed and made fraudulent sales or purchases from a user’s account. You, in turn, failed to detect and reject the fraudulent purchase. Some mistakes hidden within your practices or policies might lead to disputes.
Your funds are usually held for up to of 21 days. However, there are several things you can do to expedite this timeline. You can also read our User Agreement for more information on other holds and reserves we may place on your account.
At NO TIME, did ANY Rep ask for my Security Questions to help verify I am myself. Customers are supposed to be verified by their security questions. Called Paypal several times, trying to resolve the issues.
I use a payment button rotator to silently direct buyers to pay using different processors. This way, I keep any one account from having ‘too many’ sales, and, if any one processor should freeze my account, they won’t be freezing ALL of MY money. I’ll still have funds in up to 6 other accounts. I’m actively looking for a better alternative to use and at the same time trying to find a class action law suit to join.
Many people set up business with PyPl, by linking their credit card to them, NOT their bank account. I was selling the exact same leather jackets and motorcycle helmets I had been selling for years. I changed nothing about my business model and they totally screwed me. I was a great ebay and paypal customer, they both made a LOT of money from me, and with no good reason, they ruined my business on ebay. Once we could not offer PayPal as a method of payment, we could not sell on ebay.
At the onset of its efforts to support small businesses and local sellers, PayPal seemed like the perfect solution. If you can meet PayPal’s strict terms of use which limit transaction volume and available merchant categories, then it really might be a perfect solution for you. But for many sellers—especially those in high-risk industries—the service’s terms and conditions are no way to continue doing business.