I've been an ebay member for 10 years and have received over 1200 paypal payments. I have over 2000 positive feedback. I am a powerseller. But all of that didn't matter to Paypal, and apparently ebay, the mother company of Paypal, as my funds were completely frozen because I sold too many iPhone, PS3, Wii and Xbox 360 systems.
Here is what happened. With a big balance from multiple payments received, Paypal froze my funds, and cancelled my "in process" transfers to my bank account, saying I had to prove I was a legitimate seller...after 1200 PAYMENTS RECEIVED! So, I patiently, albeit in a huff, provided the tracking #'s and then faxed copies of my credit card statements and receipts showing I had indeed purchased, sold and shipped several systems to actual people who bought them. Paypal says it would take weeks to unfreeze my account because they were going to want to see Positive feedback or signature confirmation for EVERY SINGLE Wii and PS3 that I have sold.
The end of the story? I waited and waited and waited, and finally had all the proof I needed to get my funds released. It took about 10 days from start to finish to get my funds released. It felt like I was an innocent, yet accused criminal who finally got a not-guilty verdict and then the prosecuting attorney gave me not so much as a pat on the back or an "I'm sorry"...or even..."we'll get you next time, turkey". It was wrong what they did to me (and I'm sure to many other sellers).
The feelling this entire experience left me with was one of near futility at the power of Ebay and Paypal to engage in this type of unwarranted and unnecessary activity.&... ...read the full guide >>>



