PayPal

[Nancy5]

 I have to agree.  I read and read the emails and I still don’t understand.

[countrygirl12]

I have to agree.  I read and read the emails and I still don’t understand.

Well Nancy, I guess we will find out next month. The changes take place on May 7.  If you call customer service you get a ya-hoo in another country who speaks broken English and actually has no clue what you are inquiring about. And their answers in no way are about what you asked.

The one customer service person told me the transfer of money to your account will show as pending and you have to accept it and then it will automatically transfer to your bank account as you can not let money sit in your PayPal account.

BUT, the last email sounded like they will automatically open a hold and balance account which will be attached to your PayPal account and then I guess you transfer the money to your bank account the same way? I am not sure at all.  If you have the PayPal debit card then I assume you already have the "hold and balance" account.
I could not even get a customer service person who knew what this was or what it means.  SMH

[oldbuddy]

I plan to just make sure I don't have more than a hundred or two in there at any time, so if problems occur like last month the risk is lower. They froze my main account and I still have 5 months to wait for the $500 I have in there.

Well when this changes you won't have any in there.  You will not be able to hold money in your Pay Pal account.

WHY would PP freeze your account?

Because I exchanged some of my Bitcoin for USD that was sent to PayPal and some of the jerks disputed the transaction, even though I gave them a full refund.

[countrygirl12]

I plan to just make sure I don't have more than a hundred or two in there at any time, so if problems occur like last month the risk is lower. They froze my main account and I still have 5 months to wait for the $500 I have in there.

Well when this changes you won't have any in there.  You will not be able to hold money in your Pay Pal account.

WHY would PP freeze your account?

Because I exchanged some of my Bitcoin for USD that was sent to PayPal and some of the jerks disputed the transaction, even though I gave them a full refund.

Ohhhhh. Well hopefully you got it worked out. I just wish they were being more clear about what is fixing to happen. I need to make sure I do not keep a balance in there. I think I have a little over $14 right now. But sometimes I would let it build up to closer to $100 before I transferred it to the bank.

[catchow]

I have a problem spending it if its in my bank. Where if I leave it in my paypal I dont touch it, till I need to pay a bill then I transfer to my bank. Maybe they dont like us doing that, and want to charge interest too as in fee ??

The most Ive ever kept in my paypal was $150-$200 tho

[cathy37]

I don't use paypal for fusion cash, but I do use to pay for things I order online.  I have used for other sites to get paid money and have never had a problem.  Hope that continues.

[freedomjarhead2512]

So, do we keep Paypal or go with another processor?  I think Paypal is pretty solid but I never had that much money in there to start with.   I am building my PTC sites for a cashout.  I don't want problems down the road.  Little while ago I was told alot recommended Payeer.

[1imaginarygirl]

More information here: https://www.paypal.com/us/smarthelp/article/what-can-i-do-with-my-personal-paypal-account%2C-paypal-cash-account-or-paypal-cash-plus-account-faq3997

If I understand correctly, if someone sends you money, you will have to either transfer it immediately to your linked bank account OR move it to a PayPal Cash balance account to hold and use later. If your PayPal account identity is already verified, they set up a Cash account for you automatically, so you probably won't have to do anything. It's basically just a separate location to hold your balance, but you still sign in using the same user and password. It has something to do with new federal regulations.

[countrygirl12]

I have a problem spending it if its in my bank. Where if I leave it in my paypal I dont touch it, till I need to pay a bill then I transfer to my bank. Maybe they dont like us doing that, and want to charge interest too as in fee ??

The most Ive ever kept in my paypal was $150-$200 tho

If you read the email it explained that. PayPal is NOT a bank. Has nothing to do with interest or fees.  It has to do with regulations being placed on them. I just do not understand what is going to happen and how it is going to work.  And apparently nobody else does either.

[countrygirl12]

So, do we keep Paypal or go with another processor?  I think Paypal is pretty solid but I never had that much money in there to start with.   I am building my PTC sites for a cashout.  I don't want problems down the road.  Little while ago I was told alot recommended Payeer.

I will not change to another site.  There is nothing wrong with PayPal. There are just changes taking place that are beyond their control. I was just hoping someone on here understood what is going on and could explain it in PLAIN ENGLISH and not use phrases like "hold and balance" account that nobody know what it even means.

[bretay]

i'll use it like i normally do for now...my fusion cash is automatically sent to bank...anything i get in paypal i transfer to bank as soon as i know it's in there

[countrygirl12]

More information here: https://www.paypal.com/us/smarthelp/article/what-can-i-do-with-my-personal-paypal-account%2C-paypal-cash-account-or-paypal-cash-plus-account-faq3997

If I understand correctly, if someone sends you money, you will have to either transfer it immediately to your linked bank account OR move it to a PayPal Cash balance account to hold and use later. If your PayPal account identity is already verified, they set up a Cash account for you automatically, so you probably won't have to do anything. It's basically just a separate location to hold your balance, but you still sign in using the same user and password. It has something to do with new federal regulations.

Right. I kind of got that about the thing set up auto for me.  I am confirmed.  Have been for a while.  So from what you gather do you then transfer it to your bank when you want - basically the same way? It is just kind of sitting in a different location?

They could explain this a lot better if they wanted to. lol

[kvanwert]

I don't think I have gotten any emails from PayPal but now I will have to go check my deleted emails!

[dsosnowski06]

I got the emails also and didn't understand them either.  But yesterday one of my survey sites sent my earnings and when I went in to check it the only difference I noticed was that I had to accept the payment.  Then the screen appeared to let me transfer the money to my bank account.  Completed the transaction as normal and them money was in my bank account by the end of the day. 

[countrygirl12]

I got the emails also and didn't understand them either.  But yesterday one of my survey sites sent my earnings and when I went in to check it the only difference I noticed was that I had to accept the payment.  Then the screen appeared to let me transfer the money to my bank account.  Completed the transaction as normal and them money was in my bank account by the end of the day. 

Okay so the change has happened.  The last time I got payment it just went in as normal.

So that is what one CSA told me. You accept payment then it auto goes to your bank.
I had money in there. I went ahead and transferred it to my bank. That worked like it always has.