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I'm 26 now, almost 27. I think it was the "We'll contact you within 180 days" thing that pissed me off the most, because it's just such a crap, random number th
by iDemonix 9y ago
I'm 26 now, almost 27. I think it was the "We'll contact you within 180 days" thing that pissed me off the most, because it's just such a crap, random number that I likely agreed to in their ToS.
As a partial update, after spending 30 minutes clicking every page of the dashboard, it was obvious that money was stuck, and my friend couldn't dispute it as it was sent as a gift, as it wasn't payment for work. Luckily, if you head back to your settings and flick back to the old web UI whilst it's still available, the refund button shows up in the view transaction details page, and it let me refund it. I lost the £20 or so in fees, but at least I can pay some unexpected bills more easily now.
- dangrossman 9y agoIt's not random. It's the standard period for holding funds of a terminated merchant account with virtually any bank or credit card processor in the world. That's because it's the maximum chargeback period for most credit cards. If they release funds before that date, someone who paid you in the past could reverse that payment, and PayPal would have no funds of yours to cover it, leaving them on the hook for your loss.
- goatforce5 9y ago> I likely agreed to in their ToS If they're saying you can't agree to the ToS when you're under 18, should they be able to hold on to the monies for 180 days because that's what the ToS said when you agreed to them?
- dangrossman 9y agoMinors can enter contracts, and they are binding upon the minor until and unless the minor voids the contract. As he's no longer a minor, he would not be able to void it now, so he's bound by its terms.
- __david__ 9y agoBut if Paypal believed that were true then there's no reason for them to close the account and hold the money in the first place. :-)