T-Bone wrote:StoneCold wrote:
Also, if you accept Paypal in ebay, amounts over $100 will be AUTOMATICALLY LOCKED for 21 days. Read up on what's happening.
They're getting very aggressive in making interest off OUR money.
Where are you seeing this? I just sold a shitload of computers recently and had my money in my account within 3 days
I would be interested to know myself if this is true -- it would probably end my use of PayPal altogether as I just uploaded a buttload of stuff for auction last night (I usually don't sell). I learned firsthand how they make money, though, when I sold my Gibson Robot Guitar. Once I'd received the money, I was notified that I had to upgrade to a PayPal Premier Account (I think it was called "Premier"). It said upgrading was free, but didn't tell me that they skim a fat chunk off of the top of any incoming money -- just a short blurb with two options, ACCEPT or DECLINE. I really had no choice if I wanted that almost $3,000, but I should have opened up a new window and researched the terms of the Premier accounts.
Needless to say when I saw them take over $70 out of my payment, I was pissed and called them. The lady said, "This is how we make money -- we can't do everything for free." She was nice, but not apologetic for any misunderstandings at all. I let her know that I felt the tactic was deceptive. For what it's worth, users can ONE TIME ONLY turn a Premier Account back into a standard account, but you are limited to $300 incoming per month if you do.
I'm sure they get interest off of any balance as well, just like any bank, but would seriously be surprised if they held the money like this -- the customers they lost for doing so surely would outweigh any benefits they would reap. If you can find info on this, let me know.