With the development of technology, many businesses and services have moved online. Today you can do almost anything online. It makes sense that there are different ways to pay for your services or goods online. It’s very quick and convenient to pay for a subscription or order some product without leaving your home, later you’ll just get it at your doorstep.
Today, online payment has become quite safe and convenient. There are many services that process payments to a variety of sites. Also with the development of online payments, there is an opportunity to create your own virtual accounts. One of the most convenient and popular services is PayPal.
What is PayPal
PayPal is one of the largest electronic debit systems. It allows you to pay bills and make purchases. You can use it to send and receive money transfers. All payments are made through a secure connection after you enter your account email and password. You can use PayPal absolutely free and you don’t have to pay anything for registration. The fee is not collected from the sender but is collected from the receiver.
Why is your PayPal money pending
Sometimes it happens that if you make a purchase through PayPal, the online payment service may delay the payment. In such cases, funds will be released when the buyer confirms that he received the item as described. The main reasons why your PayPal money is pending are:
- You are a new seller. New buyers need to build credibility with the buyer and seller. Once you have a history of successful transactions the situation will change.
- You haven’t sold anything in a long time. In such cases, you will need to get your reputation back. You just need to complete a few sales and the situation should normalize.
- Your buyers may have filed official refund claims. If more than one recipient has reported a problem with an order or a refund, PayPal may delay the receipt of your funds. The best way to fix this is to work directly with your buyers. You need to ensure that the problem is resolved as quickly as possible and prevent a complaint. The best way to avoid this is, to be honest about the product description and shipping methods.
- You have a suspicious sales scheme. If you have suspicious activity on your account that PayPal will notice it. This could include sales that are grossly over the norm or changes in the type of items being sold.
- You are selling risky merchandise. An example would be tickets, gift cards, computers, electronics, anything related to going to different events or expensive goods.
How long your PayPal money may pending
Normally the money is held for 21 days. But sellers can also speed up the receipt of money. To do this you can:
- Print a USPS or UPS shipping label. If you print it directly from PayPal, the shipping confirmation will be automatically downloaded. If nothing happens to the parcel, the funds will be released in three days.
- You can print your own shipping label and upload tracking information. That way PayPal will see that the package is shipped and delivered and the funds will be paid 3 days after the delivery.
- Ask the buyer to confirm receipt of the order. Once they do this, the funds will be unblocked.
These are the ways you can speed up receiving funds from PayPal.
