Dear AirBnB Community,
PayPal have "restricted" my account preventing me from withdrawing funds for six months now. I recently hosted another AirBnB host who told me they no longer use PayPal, mainly because PayPal withheld their funds for over 9 months before finally releasing them.
Are any other hosts being similarly affected? I'd like to know whether PayPal is making a policy of withholding payments once the funds go over a certain threshhold.
I've been hosting AirBnB guests for several years now, and last year added a number of properties I manage (neighbours and friends who weren't online all the time asked me to help them out). By August last year I came under PayPal scrutiny for having a large amount of funds.
I've now heard of three other cases of funds over $5k being withheld by PayPal without any recourse. They do eventually release the funds, however as they are not paying any interest on the funds they are withholding this seems to me like a dubious practice.
Would love to find out whether my case is an isolated incident or whether this is more widespread.
Thanks for your input!
Warm regards,
Kadek