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Hold placed on cancelled transaction funds

On 1/31/14 I attempted to transfer $2010 to my nephew. On the SAME day (1/31/14) the transaction was denied and cancelled because he did not accept the payment. However, Paypal put a hold on the funds 3 days LATER on 2/3/14, and will not release the funds for an additional 3-5 days. During this time Paypal never notified me of the status of the transaction beyond an initial email. When the transaction was denied and cancelled, I assumed that was the end of it. They never notified me that the funds were being put on hold. I only noticed it when I checked my bank account. This is not my first issue with Paypal, and I will never deal with them again.

Posted: February 5, 2014 at 7:44 pm

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