One of the biggest concerns for any business is slow capital turnover, in which, the money being held on PayPal is the main reason why countless companies are struggling and trying to find ways to solve it.
With that in mind, Synctrack has become a powerful partner for every business to minimize dispute rates associated with tracking orders.
Now let’s analyze the problem up and down before learning how Synctrack greatly benefits your business.
Before using a Paypal account, sellers may inquire about potential issues, so they can get a better understanding of a method they use.
In order to help ensure that the platform is secure for both buyers and sellers, PayPal states that the business temporarily suspends payments. Even though the money is yours, PayPal will temporarily prevent you from accessing it in order to make sure there is enough money in your account to handle problems like chargebacks or disputes.
Once the buyer validates that they have received the ordered item in the condition that was described, funds are released.
Your payment may be suspended for a variety of reasons including:
and so on.
In general, the main reasons come from unhappy customers who raise disputes and request refunds.
Indeed, still many companies now manually add tracking PayPal numbers; however, this process always has errors and requires a lot of human resources, especially for a company with thousands of orders per day.
When a buyer uses PayPal to make an online payment, the money is often kept for up to 21 days in some cases. If there are no issues with the transaction, the money will be released afterward.
In case the buyer certifies that they have got the products in the condition they were promised, the money will be released straight away.
More info at: How to track a package paid with PayPal?
It doesn’t matter how honest you are as a seller, it is a truth that fraud and consumer unhappiness are big issues in specific product categories and areas.
Just accept that eBay, other platforms, and PayPal will safeguard their bottom line as they frequently have to pay for buyer protection claims.
Or even if you open your own sales website, the risk can be much higher when your cash flow is too slow. For any business, this is extremely detrimental to business operations. As a business owner, you should consider more about this money-holding issue.
To help PayPal funds release more quickly, sellers can take a number of activities. One of the following steps will assist in releasing the eligible payments:
Apart from those common ways, we recommend you should invest in technology to optimize the order processing and fulfillment from the time any transactions start.
As mentioned above, tracking numbers are a key factor that helps your business avoid countless problems after an order is done. Therefore, the importance of applying technology to sync tracking numbers from your online stores to PayPal now is a no-brainer.
Let’s move to the next part, we’ll introduce a powerful tool Synctrack to you!
You probably already understand how risky Paypal holding your money is for your company. As mentioned above, this happens for many reasons and one of the main causes is on the customer side.
It’s time to improve every process in your company, with a strong tool like Synctrack, you will not worry about adding a thousand tracking numbers or the urge of the customers anymore.