I have been using PayPal for years. I never had a problem. This past weekend someone donated to my Ministry and I attempted to swipe their card into my PayPal account with Paypals sister company, PayPal here. The swiper didn’t work therefore I keyed in the numbers of the person’s MasterCard that they had given me. I found out Monday morning that only a portion of the donation went through because they have something called “Reserve” which I didn’t know about earlier. When you key in someone’s number they put a portion of that money into a reserve that you don’t actually receive until 31 days later. Now my question is, did the triangle swiper actually not read the MasterCard? Or is it a setup so that when you key in someone’s number PayPal gets to keep a portion of your money for 31 days so that they themselves can circulate money just like Banks do?
By the way I called them Monday morning and they released my money through what they call a one-time Courtesy.
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