Is PayPal Holding A Reserve For You?
"We have applied a reserve to your account. A certain percentage of each day's transactions or a minimum dollar amount will need to remain in your account. Why?"
The "Why" is a hyperlink that leads to another page that says:
"Rolling reserve: 0% will be held in your account for 180 days. My reserves balance
Why was a reserve placed on my account?
Sometimes we need to temporarily set aside some money in your account to make sure that you can cover any potential reversals or chargebacks.
What are the different types of reserves?
- Rolling reserve: A certain percentage of the money you receive each day is set aside and then released after a certain number of days.
- Minimum reserve: The minimum that you need to keep in your account at all times. We'll hold a percentage of each day's payments until you reach your minimum reserve.
We may adjust your reserve from time to time. You'll always find your reserve listed on your Account Overview. We'll notify you if your reserve changes.
For more information, please visit our Help Center."
I've had a PayPal account since their inception, no clue why they are doing this now. For the moment there is nothing being withheld, just thought it was odd.
Has anyone else seen this?
I have moved tons and tons of money through this account over the years and my refund rate generally is around 2% or less.
Scot
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