Originally Posted by
Rob13
They only hold funds, to new accounts with little feedback. Especially selling high ticket items. They lift the hold after a review, Once feedbacks has been recieved with no open cases, and proof of deliveries. Just buyers protection in effect.
That is not always true. I have excellent feedback (100% Positive) as a seller on eBay, and It has always been terrible to get PayPal to transfer money into my bank account promptly.
And I know what I am talking about regarding their "making money off you on floats", as I worked as a banker for over twelve years, albeit as an investment banker. Interest payment on funds never stop for even a second, so the time they hold your money up means they are collecting interest payment on those funds. And I know this is common practice in banking. Common, but dishonest and unethical, if you ask me.