I've held an account for just over 5 years now with ebay and paypal and untill this week I thought the whole system was great. Over the last few years my account has mainly done nothing as I used it for the occasional personal purchase and sale of unwanted things.
I worked as a gardener for many years but in the past I worked in IT and sales so when this year I was fourced to stop working due to physical health reasons I decided it was time to start selling with the view to becoming a full time traider. Something I could do which ment I would not be needing to lean on this already over burdoned state benefit system.
Well off I go happily selling all my bits bobs and gadgets to get enough money together to start buying in new stock to sell on. This is the planned 1st steping stone I have up the ladder to start getting a low income . Alls going well for 3 months, getting faster at listing and my adverts are looking great.
my avarage ratings are all at about 4.8 @ 100% with a feedback of 54 zero complaints and things are really getting started..... (look my little star has turned blue) guess ebay are happy with how I operate my business?
"WE ARE PUTTING A HOLD ON ALL PAYMENTS MADE FOR 21 DAYS"
You must be joking surely. I have 50 auctions running all ending within one week and all needing posting via recorded tracked post (which I always use). I now have to put up this money up front and cant use the paid in funds to spin more money into the accounts via new orders and stock purchasing.
Good business is to keep cash flow (flowing) especially at the beginning of any business so surely if ebay and paypal (PAL E) want people to trade and look after customers they would allow me the seller to use "MY" money however I feel is good for MY business & not to commit what I feel is a disregard for my liberties and form of fraud.
If I needed a business nanny to change my nappy and to make sure I eat my greens without being sick I would have employed a business advisor, an accountant and sales manager, not opened a merchant account with Paypal.
The 21 day hold will only cause more problems. The seller will resent paypal (and I now do), The customer will find out sooner or later be informed by me that they are feeding a green eyed monster and use other forms of payment methods and most importantly.....
Items may be delivered late (or possibly not at all). I am lucky enough to be able to cover the costs of all my postage for the next week which if most of my sales go through will top £140 in postage but am very unlikely to post any more sales untill I get the money back that I think belongs to me already. Paypal you should be ashamed of yourself, this type of practice is imorral and underhand let alone un ethical.
I am searching for better ways to market and sell via non paypal linked, operated organizations and when I have found what I want I'm off.
Remember even Microsoft got ripped apart in the end! Blow too hard into that bubble and youll get a mess on your face.....
