Why the hold? The buyer purchases something and an instant payment is sent to the seller, if the seller, like in my situation, sends an instant refund to Paypal, Paypal then places the funds from that refund on hold until Paypal claims they have been received by them. Some people say they have waited as long as 4-7 days other as long as 7-14 days without explanation from Paypal.
If you think Paypal is a great way to shop online your wrong! If you purchase something and there’s an issue with that purchase, and a refund is given to Paypal, they will still charge your account and then place your own funds on hold until they decide to release them.
Here’s a Paypal Alternative: