Paypal here app first time.

BeekeeperGa
Contributor
Contributor
Ive been reading about paypal here app, and the card reader, but people reviews say that the funds are hold for 30 days, if the transaction are more than $500, we are in a business that is seasonal and one transaction is more than a $2k.
Login to Me Too
1 REPLY 1

DPCreations
Frequent Advisor
Frequent Advisor

As new member, PayPal wants to make sure you satisfy your buyers who just might file a dispute.  PayPal needs to protect it's business so funds will be held as long as necessary, up to 21 day, when a buyer pays.  Furthermore, PayPal will limit how much you can withdraw to your bank account on a monthly basis.  You need to establish a good business record of no disputes before PayPal will increase the monthly and/or daily limit.

If your account has higher disputes, PayPal can withhold a certain % of funds as part of the security and risk control measures.

Establish good business practices of selling tangible items which you already posessess and you're off to a good start.  Then, manage all customer disputes without PayPal involvement.

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.