robertman11
Level 3
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I just noticed a new item in the money section on the new PayPal (the new PayPal being the new design) called Jump Start. You can get to this by clicking on the Money tab in PayPal. It doesn't have any description and I can't find much on Google. Any one know what it is?
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PayPal uses two types of reserves:
- A rolling reserve is a reserve where a percentage of each transaction received each day is held and then released later on a scheduled basis. For example, your reserve could be set at 10% and held for a 90-day rolling period – meaning 10% of the money you receive on day 1 is held and then released on day 91, 10% of the money you receive on day 2 is held until day 92, etc. Rolling reserves are the most common type of reserve.
- A minimum reserve is a specific minimum amount of money that you’re required to keep available in your PayPal account balance at all times. The minimum reserve is either taken as an upfront amount deposited all at once or is built up and maintained on a rolling basis from percentages of sales, much like a rolling reserve. An account can have both a minimum and a rolling reserve at the same time.
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Beverly
http://www.ibtimes.co.uk/paypal-withholding-large-sums-money-uk-startups-without-explanation-1541328
They're withholding large sums of money from business users, kind of like a minimum which would likely cover chargebacks. Not sure if this is related, but it looks like some kind of Paypal anti fraud measure, at least according to one UK article. http://www.ibtimes.co.uk/paypal-withholding-large-sums-money-uk-startups-without-explanation-1541328 They're withholding large sums of money from business users, kind of like a minimum which would likely cover chargebacks.
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