held payment in PP

Discussion in 'Payment Processing' started by maverick_ymca, Jun 21, 2007.

  1. #1
    Hi again

    I had posted some time back regarding my limited account. Now it has been made verified and limits increased after I faxed PP. But still the payments which caused limitations of my paypal have not been released. It says that payment currently on hold as paypal in having inquiry. The payments were sent to my account on 15 june. When can I expect them to release them? my account is in negative balance due to that. Will I get the payment or will it be reversed to buyer?
     
    maverick_ymca, Jun 21, 2007 IP
  2. eddy2099

    eddy2099 Peon

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    #2
    It is really hard to say. The transaction probably is in question or the buyer raise a dispute and thus the amount is held. Probably the hold would be 60 to 180 days. In the end, Paypal will have the final say as to the outcome of the money.
     
    eddy2099, Jun 21, 2007 IP
  3. maverick_ymca

    maverick_ymca Peon

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    #3
    The buyer didnt raise the issue because it shows in the status of transaction that its under question by paypal and I didnt receive any mails as such for dispute. The buyer sent me payment thru his bank account. Can that help me anyway? coz i heard that pp assures the bank account holders that the receiver is assured the payment within 7 days of debiting it from the buyers account. and its kinda more than 7 days now. with me not getting the payment.
     
    maverick_ymca, Jun 21, 2007 IP
  4. eddy2099

    eddy2099 Peon

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    #4
    Ah, it is possible. Bank transfers do take time and they should be listed as e-check.

    Just give them 7 working days (9 to 10 actual days) to get the money in your account.
     
    eddy2099, Jun 21, 2007 IP
  5. maverick_ymca

    maverick_ymca Peon

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    #5
    money did arrive in my account for a while before disappearing due to hold. I am but giving it some time to get back to daddy ;) . Is there any possibility that the money will be taken by paypal?
     
    maverick_ymca, Jun 21, 2007 IP
  6. eddy2099

    eddy2099 Peon

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    #6
    Ah then the transaction may be deemed suspicious. Paypal does not forfeit the money, it will either party of the transaction whatever the outcome.

    Let them complete their investigation and work from there.
     
    eddy2099, Jun 21, 2007 IP
  7. maverick_ymca

    maverick_ymca Peon

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    #7
    any speculations about how much time PP takes for such cases to complete investigation? funds were held on 15th this month.
     
    maverick_ymca, Jun 21, 2007 IP
  8. inworx

    inworx Peon

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    #8
    PayPal can take upto weeks to end on a result on disputes/claims! Its said by PayPal.

    It may take upto several weeks for an outcome of the review.
     
    inworx, Jun 22, 2007 IP