Thursday, December 15, 2011

Pending transaction on paypal?

i sold an iphone on ebay on monday, he send the money over on paypal the next day. Under my recent activity it says 'payment status complete' but under my balance i have no money to access and it still says pending. Also it says the release date for the money pending is July 12. Is that right? thats a couple of weeks from now. I heard your not suppose to ship items until the transaction is complete. thanks in advance!|||If the person sending the payment sent an 'e-check', this can end up holding up the payment until the 'e-check' clears through his bank, just like with a regular check. Technically, you have not received payment until it does clear; all you have gotten is a 'promise' of payment. You can cover yourself by emailing the person and stating that you will ship once payment clears completely. I've done that before with e-checks and had no problems with it. My shipping details on every listing now state clearly that I will not ship until an e-check clears.|||What the tax lady says is correct. Once you receive confirmation of payment on PayPal or Ebay website (be cautious about believing possibly fake e-mails), you are obligated to ship the item within 7 days.





However, if you get positive feedback for the sale or provide proof of delivery, the money may be released to you sooner. But that is unlikely to happen until the buyer receives the item. That is all part of buyer protection.|||I would not send anything until this clears. And make sure you are shipping to the registered Paypal address only, nowhere else, or you have no protection.





Your other question shows they want it shipped to Nigeria, which means it's a scam. Paypal does not allow any accounts from Nigeria so you know this cannot be legit - they probably hacked some real person's paypal account





I would call Ebay and Paypal ASAP before you do anytihng else|||If you can see the money when you sign in--even if you don't have access to it--it's time to mail the phone.





Paypal requires you to ship within 7 days. The 3 week delay is to ensure the buyer has the item before you get the money.

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