PayPal Payments 21-day Hold Policy Begins
Found on MJBlog on Sunday, 24 July 2011
You may have received an email or notice when you logged in to your PayPal account about the new PayPal Hold Policy that is affecting ALL customers regardless of their status or past history.
"When some sellers receive payments, we may hold the money in a pending balance for up to 21 days to help make sure that there are funds in the seller's account to cover potential refunds or claims."
"PayPal will re-evaluate your account every 35 days and decide whether or not to continue holding payments. If we decide to stop holding future payments, we'll contact you."
PayPal screws over its customers even more. Not enough that they freeze accounts randomly for no obvious reason and demand ridiculous requests of proof from account holders, now they decide to just keep your money for weeks. It looks like too many users were fed up with their business methods and instantly transfered any money out to a real bank where PayPal cannot access it anymore for whatever dubious reasons. So do yourself a favor and keep using your real bank instead.