posted on January 5, 2002 07:24:16 AM new
I JUST RECEIVED A CALL FROM PAYPAL TELLING ME THAT MY ACCOUNT WAS BEING CHANGED TO HAVE A 6 MONTH ROLLING RESERVE. HERE IS A URL TO SHOW A SCREEN SHOT OF THIS ROLLING RESERVE:
http://www.swapselltrade.com/ROLLING%20RESERVE.htm
MY UNDERSTANDING IS THAT THEY HOLD 5% OF YOUR DAILY DEPOSITS FOR 6 MONTHS DAILY. THEN EACH DAY AFETR THE 6TH MONTH THE MONEY THEY TOOK WILL EB PUT BACK INTO MY ACCOUNT IF I HAVE NO CHARGEBACKS. I WONDER WHO IS GOING TO MONITOR THE CHARGEBACKS AND WILL WE EVER GET PHYSICAL PROOF OF THESE CHARGEBACKS LIKE MERCHANT ACOCUNTS PROVIDE? ANY COMMENTS?
posted on January 5, 2002 07:32:04 AM new
it is 9 :24 here in the south and the phone has yet to ring from paypal,is there any reason why they impose this ?
are they doing this with all their members?
for your information,amzn one click handles credit card puchases for seller on marketplace and zshops,usually seller can go into his amzn account and transfer fund to his bank account by the push of a button.
but there are times the button disappears,when your zshop fee comes due and when you change your bank account information.
possibly if there is issues pending to be resolved such as customer disputes or chargebacks.
so paypal is not doing anything NEW.
also paymentech which services yahoo shops take longer to depoist fund into shop bank account claiming e commerce is RISKIER!!!!!
