Found this interesting post on a PayPal procedure I have never heard of. Apparently they have a “rolling/minimum reserve” a portion of your money from transactions they hold I presume just in case of chargebacks or other “incidents” you would think the fees and seller insurance would cover that. Whats interesting in this PayPal users case is they already paid $15K in fees and PayPal took around $30K out of there funds.
What a messy end to a PayPal account the following story is. A problem which could have been corrected by someone at PayPal actually bothering to read the site/items in question. This mess just shows that PayPal doesn’t care, its a total automated merry go round of stupidity. It really is a must read, has some very interesting twists such as the banning of a family member’s PayPal for basically being associated with the victim seller in this case.
If you read nothing else on this site at all read this
The writer put it together on a page we have mirrored here :
A reader of this site has left his story in the comments, a very well written post that I think deserves a bit more attention, so I am posting it on the front page. The story basically shows that even a eBay user for 20 years can get thrown away in a matter of a month over some dodgy eBay DSR maths in this case the defect rate. We all know the DSR system does not work and this proves it again.