Jason Huiting
Gold Member
- Joined
- May 29, 2019
- Messages
- 198
I have bought many knives using PayPal as payment but had not sold anything until last week. 9 days ago I sold a spyderco kapara here on BF, I took payment in form of PayPal. PayPal put a hold on the payment. PayPal claims that they use holds for new sellers, which sounds fair. PayPal claims that they pay out payments on hold after 21 days if the buyer doesn't make a claim of goods not received, 24 hours after delivery of the item if the tracking # is put in the transaction details, or 24 hours after the buyer contacts PayPal and says they received the item. The knife I sold was delivered 3 days ago with signature conformation and PayPal still has not taken the hold off of my funds. Can anyone tell me how long it usually takes PayPal to pay, how many sells a seller has to make until PayPal stops using holds, any advice about using PayPal in general would be greatly appreciated. After this experience I think PayPal is great for buyers, but not so much for sellers. I think I might be Hesitant to take PayPal as payment in future deals if others have had this experience with PayPal