I have some money on hold but this money used to be thousands of dollars a couple of years ago probably every time I was selling I kept having held on Paypal all the time.
How To Get PayPal To RELEASE Your money FAST 2021(SHOPIFY DROPSHIPPING)
The things that you need to do to never ever get hold it’s not guaranteed but it’s gonna help you a lot with your PayPal holds.
How annoying it is when you start your business including e-commerce or eBay or anything else that you’re starting to do and you keep getting hold.
Why do you need to use PayPal?
It’s been proven on your e-commerce store probably 20% to 30% of people are gonna check out through PayPal.
So that means that they trust PayPal more. They think PayPal is safer
The reasons are:
If anything happens with the product it’s really easy to go dispute the item compared to if you paid with the credit card you had to get on the phone. That’s one of the reasons that I think people really really like to pay with PayPal.
Is it’s safer?
They can dispute an item easier if it’s not something that they ordered.
Why your money would go on hold?
The things that you could do to not have your money on hold:
1. You’re a new seller: That means that you just started your PayPal business account and you started selling. In the beginning, the first three months PayPal just keep an eye on you and they watch all your activities. Everything that you do and they want to make sure that you’re legit and you’re doing the right things and all those good stuff.
2. You’ve been selling but you stopped selling for a period of time:
Let’s say you were selling last year and you were doing great. Your PayPal account is good and you stopped selling for 12 months. Now you got back to it again, PayPal really feels weird about this they want to know why you stopped and why you’re getting back to it so they most likely gonna put some of your money on hold.
3. You had a lot of customers disputing:
Your orders dispute or customer complain about something that you weren’t selling. That’s another reason that PayPal would put your money on hold and ask for documents.
Usually, the documents they ask for any kind of hold are your address, your business name, your business address, your tracking information and many more depending on what you’re selling and how you’re selling it.
4. Your selling habits seem to change or be unstable:
So let’s say one day you’re having a big amount of money coming in and then the other day there’s nothing and the other day you’re selling a lot then again not selling at all. PayPal usually watches all activities, from your patterns or anything that you do.
So any kind of unusual activities they do not like and they would put your money on hold.
5. You’re selling high-risk items:
It includes travel packages, electronics, event tickets and gift cards.
Types of PayPal holds
Not all of the holds are bad but some of them can really really limit your cash flow.
1. 24 hours after the item being delivered:
So let’s say you updated your tracking information which you should do so that you don’t get the bad holds. It’s 24 hours after the item got delivered. Now let’s say you’ve been dropshipping one of the things that I don’t like about Aliexpress you have to kind of give an estimate of the date that you’re getting the product delivered is if you have estimated it’s going to take six days after your estimated date to get your money.
So let’s say you have 3 weeks of delivery time and you’re estimating that the time gonna be around there. So it takes six days after the delivery time to get your money.
2. 21 days after you mark the item as shipped:
So whenever you ship your item they decided to put your money on hold for 21 days and this is usually when you don’t upload tracking number on paypal let’s talk about the solution specifically in e-commerce since a lot of you guys that are watching this probably are running a dropshipping store or have some kind of e-commerce store you should definitely 100 have some type of method to upload your tracking information into your paypal it’s not enough to just put it on shopify so let’s say if you’re using shopify as a platform there are apps that you could use to pay a little bit extra so it would automatically every time you get a sale on paypal or through paypal they would upload the tracking number from your shopify store to your paypal account which is very beneficial now paypal knows that you have a tracking number your package can be tracked and you’re just automatically more reliable one of the apps that i usually use on my all my e-commerce stores and my shopify store when i’m drop shipping is paypal’s tracking info on autopilot what it does basically you got to pay i believe 10 extra for each transaction you get through paypal but what it does once your supplier upload the tracking number which you should look at your supplier to do it automatically uploads your tracking number from your shopify to your paypal account this is definitely something you should be doing this is number one thing i recommend everyone to do and whoever i work with i tell them that you should definitely upload your tracking information into your paypal number two is get off of aliexpress if you’re drop shipping you need a good supplier is supplier that be able to fulfill your orders daily and get you tracking number every day if you get tracking number every day most likely paypal would leave you alone however keep in mind it’s not always about your tracking number you gotta also keep your activities kind of normal not have any unusual activities and any of that so make sure that you can talk to your supplier directly not just through aliexpress a lot of suppliers on aliexpress they’re actually drop shippers they wait till they have enough orders maybe seven to ten days before they order the product so if you’re taking seven to ten days uh to upload a tracking number to your paypal be kind of ready to get that big hold i personally in the beginning when i started i didn’t know any of that and i got holds usually the worst one is when you your account gets limited and you have holes for 180 days i had that for a while and then after six months or so i think 50 of my money was always on hold for 180 days then it kind of dropped to 20 and now it’s like i think five percent uh or less the third thing that you could do to protect your paypal no matter what supplier you work with always check what kind of uh shipping they’re using and ask if they provide a tracking number again i’m talking about tracking number but also ask for tracking number how what’s the usual time of delivery uh paypal tend to not like drop shippers so what i usually do when i’m scaling in the beginning when i’m testing i don’t worry about it too much but when i’m scaling i technically buy in book and i would recommend you guys do that if you’re scaling and you have some money buy a little bit in book and keep it in warehouse if you ever have to talk on the phone with paypal they’re going to ask you if you have inventory and you want to have inventory to show them that you actually have it and you’re getting it delivered that’s what i usually do to avoid any kind of not only a paypal also for if you’re using a shopify payment stripe or any other payment processors they do not like it if you do not keep inventory again i know we always talk about drop shipping but i use drop shipping method for specifically when i’m testing but when i’m scaling i like to buy a little bit in bulk and keep it there now now that you have a safe supplier you’re uploading the tracking and you also using a good shipping method i personally do not use uh epacket anymore i would like to get to unixpress dhl is a little bit pricier but honestly it’s so much easier to track and um i’ve been using it i have to kind of bump up my price when the selling price usually but it’s really easy to track honestly i really really recommend you guys getting your own supplier the reason i say find a private supplier or an agent is that it’s easier to communicate with them once you get your paypal limited they’re going to ask for a lot of things and a lot of things going to include your supplier if you’re just scaling on aliexpress it’s really really hard to get in contact with your aliexpress supplier to get their information so it’s easier to have the actual supplier they’re going to ask for your supplier address sometimes their phone numbers a lot of details about even their warehouse a picture of their warehouse a lot of things and that’s when you when you get a limited account the limited account is when you can take payments from people but you can’t use your money you can’t transfer you can’t pay you can’t cash out basically all your activities are limited but except taking money which is kind of weird um so yeah when you get limited accounts it’s really important to have an actual supplier to give their information to paypal and kind of connect them and make sure the paypal knows that you have a trusted supplier and you’re taking care of your customers properly all right guys if you like this kind of videos please don’t forget to like this video and subscribe also if you have any questions about paypal drop shipping online businesses drop your questions down below i answer pretty much every single question that you guys have also if you want to learn more about drop shipping go follow me on instagram i pretty much post there every day about dropshipping online businesses and everything thanks for watching and i talk to you