Originally Posted by
Michael Angelo
It doesn't seem like much to us, but if you think about it. It's 21 days of interest they are making on monies held, when you think of the millions of dollars that pass thru PayPal.Even at 1% interest that alot of free money made off our auctions.
And don't forget that your money is being held in a non-FDIC insured vault while you aren't making interest (which they lie about, or at best are intentionally misleading).
Someone really needs to hit them with another class action lawsuit - and refuse to settle this time.
FYI - I offer Dwolla as a payment service in all of my auctions - and give a 3% refund for using it. It takes money away from paypal/ebay, gives my buyer cash back and saves me waiting up to 6 weeks (yes, it happened once) for my cash.