When will PayPal send my money into my account?
I've just sold an iPhone over PayPal, I've sent the item this morning, along with the tracking code, and it's on it's way. PayPal said that the funds will be in my account in the next 21 days and that it's pending, due to safety issues. Can that person reverse the payment? I'm worried that I won't get my cash, and they will be left with the item and money and I'll get nothing, the phone was quite expensive.
I wouldnt worry as long as your got proof of sending it, paypal can recall money but it usually as to follow process and will just hold the money until the issue has been sorted, they will hold. For a couple of days in case the person doesn't receive it as a security process because it would be easy for scammers to sell an iphone that doesn't exist, get the money and disapear. Hope that makes sense
PayPal holds the funds of new sellers for 21 days or until positive feedback is left buy the buyer.
Sure they say that this is precautionary measure --- but they're also making money on your money.
When the buyer leaves positive feed back the money will get released.
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