WTF with PayPal's Rolling Reserve

[Barefootsies]

Just logged into one of my business accounts and they have some notice about a 10% rolling reserve in place now. I rarely use PP, but when I do it is typically for website, or content deals (i.e. bigger dollar transactions).

I mention that last part thinking maybe that has something to do with the reserve? Bigger dollar amounts, bigger risks?

[Horny Dude]

Didn't see that, but I did get a call from them about my account. Got it on my voice mail. I usually keep my balance low so if they pull any funny stuff I'm not out too much.

[Barefootsies]

Originally Posted by Horny Dude

Didn't see that, but I did get a call from them about my account. Got it on my voice mail. I usually keep my balance low so if they pull any funny stuff I'm not out too much.

Same here.

I keep little to no money in my ePass or PP accounts. I do have my business accounts linked so if I need to pay for something, I can cash it out right then. But when receiving payments, I always pull the money out. Either DEBIT or transfer to bank account.

Guess PP wants protection for their charge back happy clients.

[After Shock Media]

Whatchu talkin bout footsie?

[Barefootsies]

Originally Posted by After Shock Media

Whatchu talkin bout footsie?

I logged into one of my BUSINESS PP accounts today to transfer out money and saw this message on the main screen.

We have applied a reserve to your account. A certain percentage of each day's transactions or a minimum dollar amount will need to remain in your account. Why?

So I click on the Why?

Account reserves

Current reserves on your PayPal account

Rolling reserve: 10% will be held in your account for 60 days.

My reserves balance

Why was a reserve placed on my account?

Sometimes we need to temporarily set aside some money in your account to make sure that you can cover any potential reversals or chargebacks.

What are the different types of reserves?

* Rolling reserve: A certain percentage of the money you receive each day is set aside and then released after a certain number of days.
* Minimum reserve: The minimum that you need to keep in your account at all times. We'll hold a percentage of each day's payments until you reach your minimum reserve.

Will a reserve ever change?

We may adjust your reserve from time to time. You'll always find your reserve listed on your Account Overview. We'll notify you if your reserve changes.

For more information, please visit our Help Center.

[After Shock Media]

Are you selling memberships or ebooks?

I checked mine and I do not get that. Not bitching of course.

[Ayla_SquareTurtle]

They hit a lot of ebay sellers with the same BS starting maybe 1.5-2 years ago. It's one of the MANY reasons that I canceled my ebay and PP accounts.

[Barefootsies]

Originally Posted by After Shock Media

Are you selling memberships or ebooks?

I checked mine and I do not get that. Not bitching of course.

I have an ebook store I bought two years ago when dabbling in mainstream, but I never have done anything with it to date. I run some DVD's through PP (tangibles). I do a bit of ebay now and then.

But, 90% of my PP transactions I use PP for are for design work, or buying and selling websites, or content, etc.. Typically bigger dollar transactions then I would assume most use it for.

[After Shock Media]

Must be because your DVD stuff.

I was not hit and I use it a whole damn lot. Both ebay and now for our vending. I had to take advantage of my grandfathered in cash back rebate I have locked in. Extra profit margin, ya know.

[Barefootsies]

Originally Posted by After Shock Media

Must be because your DVD stuff.

I was not hit and I use it a whole damn lot. Both ebay and now for our vending. I had to take advantage of my grandfathered in cash back rebate I have locked in. Extra profit margin, ya know.

Yep. Could be.

Or could be the dollar amounts. When you are pushing larger dollars through, maybe they consider it high risk or higher risk and that is where you get flagged. I have run through 5000-10,000.00 though there and never had an issue. Although I prefer WIRE or escrow on bigger dollar transactions.

I still pay/received decent dollar amounts on occasion for design, scripts, content, etc. though my PP. But I really try and stay away from both EPASS and PP for anything over $500.00.

[After Shock Media]

Originally Posted by Barefootsies

Yep. Could be.

Or could be the dollar amounts. When you are pushing larger dollars through, maybe they consider it high risk or higher risk and that is where you get flagged. I have run through 5000-10,000.00 though there and never had an issue. Although I prefer WIRE or escrow on bigger dollar transactions.

I still pay/received decent dollar amounts on occasion for design, scripts, content, etc. though my PP. But I really try and stay away from both EPASS and PP for anything over $500.00.

Well due to how the cash back rebate works I need to keep large sums in paypal. Since in order to get the extra cash back with the paypal debit card usage I must use it as a signed card at purchase even though it pulls from my balance. If I use my pin number I get no cash back.

Then to just fill 30 machines 1/4th of the way full (not enough) it is roughly 2k in candy costs and that will last maybe 2 weeks. I barely have time to keep it loaded.

[Barefootsies]

Originally Posted by After Shock Media

Well due to how the cash back rebate works I need to keep large sums in paypal. Since in order to get the extra cash back with the paypal debit card usage I must use it as a signed card at purchase even though it pulls from my balance. If I use my pin number I get no cash back.

Then to just fill 30 machines 1/4th of the way full (not enough) it is roughly 2k in candy costs and that will last maybe 2 weeks. I barely have time to keep it loaded.

Yowsa!!!

[moeloubani]

Originally Posted by Barefootsies

I have run through 5000-10,000.00 though there.

seems to me like you made this thread just so you could say this part

no one cares

[Barefootsies]

Originally Posted by moeloubani

seems to me like you made this thread just so you could say this part

no one cares

I always love how the no talent, fry cook trolls take the time to not only read my threads, but take the time to repeatedly comment on them instead of just using the ignore feature.

Carry on.

[Alf Hucker]

They just don't like gays. Deal with it.

[Barefootsies]

Originally Posted by Alf Hucker

They just don't like gays.

Thanks for the head's up on why your account is restricted.

[Alf Hucker]

Originally Posted by Barefootsies

Thanks for the head's up on why your account is restricted.

Did you stick out your gay tongue when you wrote that? Child.

[Barefootsies]

Originally Posted by Alf Hucker

......

[Due]

Imagine the interest they can collect from suddenly hitting everyone with a 10% rolling reserve and ask yourself why they only keep it for 60 days

Then be happy next time you hit some fraudsters selling bogus products with paypal payments that now they have an actual reserve to refund you from

[Barefootsies]

Originally Posted by Due

Imagine the interest they can collect from suddenly hitting everyone with a 10% rolling reserve and ask yourself why they only keep it for 60 days

Then be happy next time you hit some fraudsters selling bogus products with paypal payments that now they have an actual reserve to refund you from

The same reason the CCB's do not pay early before holidays, or other companies do the rolling reserve. Simply more money to collect interest on.

Going over the chargebacks (1-2)% would eliminate the the scammer or fraud companies. Once you have too many of those, they would drop you. Although, I suppose there is the occasional person who does a charge back, or some fraud, and tries to run out on it. But I would be that is a small percentage of users.

It would be interesting to see the real numbers on fraud or something situational like that. Whether processor, or a PP, EPASS, etc..

[woj]

Did you have any chargebacks in the past?

[moeloubani]

Originally Posted by Barefootsies

I always love how the no talent, fry cook trolls take the time to not only read my threads, but take the time to repeatedly comment on them instead of just using the ignore feature.

Carry on.

thread started out good, asking about something new then all of a sudden it went down the road that we've all seen with Barefootsies trying to make himself seem big to a bunch of people who don't give a shit while at the same time begging them to buy his oversold content and bundles of celebrity pictures that literally any 12 year old could collect

id rather be a fry cook

and no one cares, really

[96ukssob]

this is one reason I dont use paypal.

i removed my bank account from there after reading some shady business that happened with someones account. I used to sell ebooks a while ago and had to go through an extensive verification process because I was doing $5k a month in business and they charges were all the same amount.

during that time when my account was frozen, I had to shut down shop because I wasnt sure if i was going to get the money, so I had people disputing the charge with paypal, then they closed my account until they could futher investigate my business.

they asked me for a business model and what I did... such a pain in the ass IMO

[Barefootsies]

Originally Posted by moeloubani

no one cares, really

Actually you do.

Not only do you take the time to follow my every move, and read my threads. You waste your time commenting on them, and in the end nothing is going to change.

Define irony.

[Barefootsies]

Originally Posted by bossku69

this is one reason I dont use paypal.

i removed my bank account from there after reading some shady business that happened with someones account. I used to sell ebooks a while ago and had to go through an extensive verification process because I was doing $5k a month in business and they charges were all the same amount.

during that time when my account was frozen, I had to shut down shop because I wasnt sure if i was going to get the money, so I had people disputing the charge with paypal, then they closed my account until they could futher investigate my business.

they asked me for a business model and what I did... such a pain in the ass IMO

I can't blame you there.

I do not mind having to fax in the passport and docs into EPASS, PP whatever as I have had to do in the past. But once I fax in the docs, I expect minimal grief.

However, as has been said in other threads. EPASS/PP/others are not a financial institutions, nor regulated, like a bank. So your 'trust' can go either way. But that is a two way street.

Oh well. Pay for the convenience I suppose. Blame the economy like everyone else.

[After Shock Media]

Originally Posted by moeloubani

thread started out good, asking about something new then all of a sudden it went down the road that we've all seen with Barefootsies trying to make himself seem big to a bunch of people who don't give a shit while at the same time begging them to buy his oversold content and bundles of celebrity pictures that literally any 12 year old could collect

id rather be a fry cook

and no one cares, really

He did not push the thread any given direction. Seems a bunch of his haters came in here looking for shit to poke a stick at. I do not care what is in his sig if that is what people are talking about either.
He asked a pretty simple question that had to do with an online billing company. People that were interested such as myself talked. Seems the rest of the posts are all people wanting to start a fight or him deflecting them. Unless of course people are going to give him credit for getting views from him posting anywhere, due to his followers of people that hate.

Now if this was one of his quasi spam threads or out right buy my shit threads I perhaps could understand. It wasnt.

Originally Posted by bossku69

this is one reason I dont use paypal.

i removed my bank account from there after reading some shady business that happened with someones account. I used to sell ebooks a while ago and had to go through an extensive verification process because I was doing $5k a month in business and they charges were all the same amount.

during that time when my account was frozen, I had to shut down shop because I wasnt sure if i was going to get the money, so I had people disputing the charge with paypal, then they closed my account until they could futher investigate my business.

they asked me for a business model and what I did... such a pain in the ass IMO

At that level you never got a personal rep? Oh well to bad for you.
I have had my account locked twice, both times opened right back up. Also am positive damn near every story about people bitching how they fucked them clearly broke their TOS in a major way - ebay purchases withstanding as they can fall either direction and a seller ALWAYS should buy insurance no matter what a buyer selects or pays for.

BTW I have had my account unfrozen after hours on the weekend. Rarely is it an issue that even takes 24 hours.

[Barefootsies]

Originally Posted by After Shock Media

At that level you never got a personal rep? Oh well to bad for you.

I have had my account locked twice, both times opened right back up. Also am positive damn near every story about people bitching how they fucked them clearly broke their TOS in a major way - ebay purchases withstanding as they can fall either direction and a seller ALWAYS should buy insurance no matter what a buyer selects or pays for.

BTW I have had my account unfrozen after hours on the weekend. Rarely is it an issue that even takes 24 hours.

I need to get my ASM elite status.

[After Shock Media]

Originally Posted by Barefootsies

I need to get my ASM elite status.

For the most part just call them. Most reps can handle shit.
I just happened to ask for names and established contact with a woman several years ago. Never hurts to ask who you are talking to and to ask for them each time.

[Barefootsies]

Originally Posted by After Shock Media

For the most part just call them. Most reps can handle shit.
I just happened to ask for names and established contact with a woman several years ago. Never hurts to ask who you are talking to and to ask for them each time.

I really do not use them that often anymore. Same for EPASS.

Only if someone is insistent, or they are in one of those eastern block countries where it is more convenient for them to pay that way. Otherwise, I prefer WIRE or escrow.com depending on the transaction type.