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New Store Policy Effective August 2, 2009Price increase On All Shoes
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Beginning 07/25/2009, 20%
of each payment we
receive will be held temporarily as a rolling reserve in our Paypal
account.
A reserve is like a security deposit for PayPal.
Since
we sell Clothes & Shoes they fell it is a higher-than-average risk of
reversals or chargebacks.
This reserve amount is 20% of the total payments we receive, which will be held
on a rolling 60-day schedule.
That
means 20% of the money we make each day will be held and then made
available for withdrawal 60 days later.
We have been using Paypal for over 8 years to accept Credit Card Orders.
We feel that this new rule is ridicules and unfair.
We do great business and have not had problems with our Paypal account.
In order for us to stay in business, we now need to increase our prices to cover these reserve losses.
This applies for those who send us Money via Paypal or Credit Card (Visa, Mastercard, American Express).
If you would like a 10% Discount on all Purchases,
Make payments to us via Money Gram or Money Order.
Call us for more information 800-656-6269.
Thanks for being understanding as we go through these new changes with Paypal.
Clothes Dudes
Read More about Paypal Rolling Reserves