Jun 18, 2012. I don't know what to do and i can't pay my bills because of Paypal. Tell us has your experience with this business or person been good? In this case you can easily complaint to your country's central bank/Monetary Authority or file a case in the local court. This report was posted on Ripoff Report on 03/25/2013 12:28 PM and is a permanent record located here: How long does it take for PayPal to process a hold? Copyright 1997-2023, Ripoff Report. 3. Enter the amount you want to withdraw, I filled in every penny of course. Is Forex trading on OctaFX legal in India? Dont click on those slick Ads! The money can be frozen for up to 180 days.. which is exactly the same as every merchant account Ive ever seen. (my post was copied from a guy on the Pay Pal board, lol but thanks). PayPal have registered legal entities in USA, Singapore and Luxembourg (EU). I have sold two dresses and one has already been delivered to the buyer and the other one is on its way. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. ! 1 Can Paypal legally hold your money for 180 days? We noticed one or more of the following problems: buyers all paid by paypal , i literally sent the games after 5 mins of received payment i went to withdraw the funds ( frommy verified paypal account to my linked bank account !!! PayPal Holdings, Inc. PayPal Holdings, Inc (San Jose, California, United States) NOT REGULATED. The money can be frozen for up to 180 days.. which is exactly the same as every merchant account I've ever seen. You can Google this to find how to contact them and get your money back from PayPal. If this happens to you here are three things you can do immediately and one as a last resort. Can PayPal legally place a 21 day hold on money that came from selling an item on ebay? I have a similar problem with my funds being held for 180 days and have contacted paypal numerous times only to get an automated response by email after a phone rep gave me an email address that sounded like I would get a real person to help me, but as usual, went nowhere. Find thepurchaseyouwantto updateandclick. Shutting accounts down based on account activity alone should be suspicious to the Paypal user, and never provide anything other then a bank statement or utility bill over the phone or via fax. Court judgements aren't pleasant things to have against ANY company name. #3. PLEASE HAVE MERCY PAYPAL! I was limited too last year with no rhyme or reason. Paypal Still holding funds even after 180 days. You can also read our User Agreement for more information on other holds and reserves we may place on your account. Emptying your balance randomly to ZERO and taking all your money is illegal under the laws of all the mentioned countries, no matter if you broke their Acceptable Use Policy or not. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. You should get both back!! These cookies ensure basic functionalities and security features of the website, anonymously. Can PayPal legally hold money my money for 180 days. Outright theft of funds by paypal on TWO accounts San Jose, California, PayPal Inc paypal.com Paypal offers NO resolutions and holds your money for NO reason san jose, California, PayPal, Inc. PayPal Unfair To Consumers, Offers No Resolution San Jose, California, Paypal Paypal, Inc. Paypal lies to customers and transfers risk to customers through fraudulent pretense San Jose, California, Paypal Paypal, Inc. fraud, blocked credit cards, blocked account, stolen money San Jose, California, Paypal Inc demanding payment from Ebay seller for an item that was delivered, refusing appeals for dispute San Jose, California, PayPal Inc. uses fraudulant means to place limitations on multiple accounts San Jose, California, Paypal, Inc took funds from wrong account and won't take responsability after promising to Internet, Bill Me Later PayPal, Inc BillMeLater RIP OFF! I dont know what to do now! They can hold them for up to 180 days if they feel they need to protect against liability or if you violate their AUP. Thanks for the responses. Why is there a payment hold on my PayPal account? While I can totally understand that you don't want to pay the $90 because you don't in fact owe it, it may be easier to just pay it then fight that part out with them later rather than having them hold the whole $1500 kwim? Paypal harassed me and illegally forced me for a credit check. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". You are using an out of date browser. What grade do you start looking at colleges? We routinely review account activity in the PayPal system. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You may be surprised that all these PayPal actions are less than legal, under the common law, liquidated damages may not be set so high that they are penalty clauses rather than fair compensation. Copyright 1997-2023 Ripoff Report. No doubt you feel cheated because you WERE cheated. File a complaint with your state and federal attorney generals office. However, you may visit "Cookie Settings" to provide a controlled consent. This post here will contain the ultimate information on this issue and how to recover your funds in case PayPal steals your money after 180 days account limitation. There are about 6.4 . Cookie Notice If you are in the US and can't afford hiring a lawyer you can use a mediation service like "fairshake" that may help you reach a settlement with PayPal but usually less than 50% of your money, you may get more according to your negotiation skills. I need to buy milk for my baby ,why you hold my money in 180days, https://www.paypal.com/us/selfhelp/article/How-do-I-know-if-my-PayPal-account-is-limited-FAQ1758. Is it OK if we also use cookies to show you personalized ads? PayPal transfers the amount from your PayPal balance to your bank account. Please read the short story on the petition. If you do not allow people to send money anymore via donation or email, then whyboastabout the service when you don't provide it. I understand if they held my funds for 1-2 months for "not as described" or "charge backs" but not six months on a product that could be easily worn and returned. Log in to I have a family to support and you decide to pretty much leave me at the edge of putting my family at risk. Corporate Advocacy Program: How to repair your business reputation. Sometimes, PayPal will put funds on hold for up to 21 days to ensure there is enough money in your account should any issues arise with the order. PayPal is holding funds for 180 days then KEEPING THE FUNDS! If your account has been limited then you have to wait 180 days before you can withdraw the funds. So to reduce the risk of them continually having to pay out they hold payments of new sellers until they have a proven track record for selling.