Monday, March 4, 2013

Prevent Paypal Holds Before They Happen?

For years we have heard that Paypal will randomly place a hold on the finances of unsuspecting clients. These hold can last for up to thirty days and clients have to jump through hoop after hoop to be able to get their money.

Paypal says they place holds on accounts where they feel there is a higher than normal risk of fraud.
This except is taken from Paypal's FAQ site.

"Funds availability details
When some sellers receive payments, we may hold the money in their pending balance for up to 21 days. We want to make sure that there are no problems with the orders, such as disputes, claims, returns, or chargebacks. After we determine that the order was fulfilled and the customer is satisfied, we may release the money earlier.

If we place your money in a pending balance, it belongs to you but isn't immediately available to spend or withdraw.

We'll let you know if payments on your account are held. We'll also let you know what steps you can take to have your money released earlier. If your PayPal account was already limited, you'll need to lift those limits before you complete the steps to release your payments."

But what if you could prevent it. What if there was a secret that kept your account from being locked?

Well it turns out, there may just be such a secret.

Now I have personally believed for years, that part of the solution to prevent this is to track all your packages, and to put those numbers into your Paypal transactions so Paypal can verify the tracking as well.

But that is not the secret. The secret is to tell Paypal that you are expecting an increase in incoming revenue, before the barrage starts. 

Well how do I tell Paypal, you may ask. It is all hidden in your account. Follow the next few graphics and I will show you how to change your expected income so Paypal will not freak out on you.

In your account, go to the profile link and choose Business Info. 

 Once in Business Info, scroll down the page until you spot Business Information. You will choose to "update" that section.

 Once you are in the update area, choose to edit. Then you can adjust your average transaction prices and your average monthly volume.

This little trick may just help keep your account from being locked down when the big bucks start rolling in.

If you found this useful, please comment and pass it along to others who use Paypal.


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