Paypal holding our money for 21 days!

RFW

Brooker_Dave wrote: »

But why would it's European operation based in a tax haven do anything differently???

Because as I said in a previous post, they are regulated by the FSA in the UK.

Brooker_Dave

RFW wrote: »

Because as I said in a previous post, they are regulated by the FSA in the UK.

But they're not in the UK.

Note their history of avoiding financial regulation at all costs.

At least you're loyal to your employer in the face of facts that don't meet your agenda...

tori.k

we for one have had enough of the farce that is ebay and its fee's,its a buyers market not a sellers we've given up and shall brave the cold of a car boot,we have been clearing the junk for the last month and have had feedback from all but one since our last auction and paypal havent passed on a penny but suprise got a email saying their fee's are coming out tommor....

RFW

Brooker_Dave wrote: »

But they're not in the UK.

Note their history of avoiding financial regulation at all costs.

At least you're loyal to your employer in the face of facts that don't meet your agenda...

As I've said before I do well from Ebay, but am not an employee. I don't have any particular agenda, my only one here being to point out that you are (probably not for the first time) incorrect in what you write as 'fact'.


Which part of "They are regulated by the FSA in the UK" did you not understand, I'm sure I've got some dictionaries in stock I can sell you

I know from previous postings that you have had your own problems with Ebay, that's fair enough, if you don't like them don't trade with them. I'm just concerned that others would see some of the vitriol you write and consider it to be fact.

soolin

RFW wrote: »

As I've said before I do well from Ebay, but am not an employee. t.

Dave Brooker believes that anyone who doesn't agree with him must be an ebay employee, I have been accused on more than one occasion. It is sort of a get out clause when an argument goes awry.

Brooker_Dave

RFW wrote: »

As I've said before I do well from Ebay, but am not an employee. I don't have any particular agenda, my only one here being to point out that you are (probably not for the first time) incorrect in what you write as 'fact'.

They earn interest on held payments, honest.

RFW wrote: »

Which part of "They are regulated by the FSA in the UK" did you not understand, I'm sure I've got some dictionaries in stock I can sell you

Oddly enough the paypal webpage that used to quote:

"PayPal (Europe) Ltd: Regulated by the FSA - PayPal... PayPal (Europe) Ltd: Regulated by the FSA. PayPal (Europe) Ltd. is authorised ...
institution. PayPal FSA Register Number: 226056. The ..."

is now replaced by

"You have requested an outdated version of PayPal"

And tapping "regulation" into the paypal site search box now reveals:

"PayPal will be regulated centrally by the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg bank authority.
On 2 July 2007, your customer relationship will be automatically transferred from PayPal (Europe) Ltd. to PayPal Luxembourg"

RFW wrote: »

I know from previous postings that you have had your own problems with Ebay, that's fair enough, if you don't like them don't trade with them. I'm just concerned that others would see some of the vitriol you write and consider it to be fact.

Do you always turn to lame abuse when you lose an argument?

Brooker_Dave

soolin wrote: »

Dave Brooker believes that anyone who doesn't agree with him must be an ebay employee, I have been accused on more than one occasion. It is sort of a get out clause when an argument goes awry.

I'm just amazed that people with no vested interest would be prepared to defend the undefendable, and sometimes even lie as part of said defence.

RFW

Brooker_Dave wrote: »

They earn interest on held payments, honest.



Oddly enough the paypal webpage that used to quote:

"PayPal (Europe) Ltd: Regulated by the FSA - PayPal... PayPal (Europe) Ltd: Regulated by the FSA. PayPal (Europe) Ltd. is authorised ...
institution. PayPal FSA Register Number: 226056. The ..."

is now replaced by

"You have requested an outdated version of PayPal"

And tapping "regulation" into the paypal site search box now reveals:

"PayPal will be regulated centrally by the Commission de Surveillance du Secteur Financier (CSSF), the Luxembourg bank authority.
On 2 July 2007, your customer relationship will be automatically transferred from PayPal (Europe) Ltd. to PayPal Luxembourg"

Paypal is regulated by the FSA in the UK, the Luxembourg entity is still regulated by the FSA, as it is an entity from the European Economic Area which conducts regulated activities in the UK, as I mentioned several times before.

Not sure I offered any abuse, lame or otherwise, I also haven't lost an argument, I was using facts from knowledge rather than moulding existing facts with half truths to fund my own prejudices.

Incidentally you still haven't shown any documented evidence that Paypal are earning interest on monies held from UK customers, let me know when you have those facts and I'll continue to correspond on this thread. For now I'll leave it alone, unless you have any actual facts you want to add. Or are you just going to childishly call me a Paypal/Ebay employee again?

Brooker_Dave

RFW wrote: »

Paypal is regulated by the FSA in the UK

So why have they removed all trace of any mention of the FSA on their website??

Contains_Mild_Peril

emweaver wrote: »

Maybe its when the buyer is high risk its held? As funny enough both myself and my sister had claims made on our payment that were held by paypal!? Mine was for a 15" TV that so say got lost in the post, its a big, heavy box so loose it I dont think so! It was packaged well so nobody could see it was TV as I know how the postmen work sometimes lol. My sister sold a shower which weight about 14kg so how could that of got lost!?

You'd be surprised. I once bought a vintage suitcase from eBay which would have been a fairly large package, which was posted but never arrived, so after waiting a couple of weeks in case it turned up, the seller refunded my money.