PayPal Community

ancientinsight · ‎Nov-27-2024

Update: I ran a clock made sure i was beyond 48hrs. Called support, had them on the phone first, they told me to try to send and it should go through. I did and now im back in another 48hr hold. Complete Garbage. Do not buy crypto through paypal period or you will be stuck holding until they push some magic button. The rep told me there's nothing they can do to work around their security system. She was in the "crypto department". This is crap. Im not using a VPN. Thats not the issue.

ancientinsight · ‎Nov-27-2024

Thats not the issue. The issue is the secret hold according to their policy as stated by the reps ive talked with themselves. They hold your crypto until they deem necessary to release it. It says 48 hrs but even if you wait over 48 hours it starts the timer again when you try to send. They say "there's nothing we can do to get around our securty system." So the system blocks external Eth transfers. Great trash that is.

ancientinsight · ‎Nov-27-2024

I ran a clock made sure i was beyond 48hrs. Called support, had them on the phone first, they told me to try to send and it should go through. I did and now im back in another 48hr hold. Complete Garbage. Do not buy crypto through paypal period or you will be stuck holding until they push some magic button. The rep told me there's nothing they can do to work around their security system. She was in the "crypto department". This is crap. Im not using a VPN. Thats not the issue.

ancientinsight · ‎Nov-25-2024

WHY: Crypto purchases have a 48hr hold before you can transfer to an external wallet. My question is why do they restart the timer everytime you try to send. I spoke with a Rep and they told me I was causing the timer to restart by trying to send. I told her the system shows my Eth has no holds or limitations so of course i would send it so it can be useful. Thats why it shows up to send. Otherwise it would not be available to input for sending. If there is a secret timer on your paypal crypto wallet, why don't they show this to you? Otherwise they are tricking you into restarting the timer so they can hold their balance sheet longer. Total garbage. If you buy do it through metamask so the funds go to your metamask wallet and not your paypal account. Then you can avoid the ridiculous control.

ancientinsight · ‎Nov-25-2024

i talked to a rep and they said its is official policy that paypal holds all debit card crypto purchases for 48 hrs before allowing a transfer out to another wallet address. Here's the catch, everytime you try to send it restarts the 48hr hold. Total garbage.

ancientinsight · ‎Nov-24-2024

Exactly they simple have a 48hr hold built in to slow external transfers. Why wont they just say it.

ancientinsight · ‎Nov-24-2024

paypal holds your crypto funds for at least 48 hours most of the time im seeing. They say its for your security. Thanks big government bank for keeping my crypto secure FROM ME. Also, note the terrible responses from paypal mods that keep sending you to some stupid info page about crypto transfers. They need to add actual text on those pages at the top that says WE HOLD YOUR CRYPTO FOR 48HRS FROM EXTERNAL TRANSFERS. Many people would buy elsewhere if they knew that.

ancientinsight · ‎Nov-24-2024

The advised solution was a random rabbit hole. The elephant in the room here is that paypal puts a hold on your crypto funds at random times saying "they are doing this to protect your account" "try again in 48hrs". They are holding it for their own purposes. They don't give you a place to report it either. They don't even give you a message to notify you when this happens as they should. Will use my metamask through moonpay instead. Catch up paypal you are behind the game big time. I dont see how the above solution did anything. I got to the link and its just random info about paypal being pro crypto basic info. Nothing about secret holds on transfers as mentioned above. Let me be clear - these are SECRET HOLDS ON CRYPTO TRANSFERS.

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