We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Paypal holding our money for 21 days!

1235

Comments

  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Brooker_Dave wrote: »
    So why have they removed all trace of any mention of the FSA on their website??
    Ask the FSA and/or Ebay and come back with your answers. By default it is regulated by the FSA who act for the Luxembourg body they do mention on their website.
    .
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    RFW wrote: »
    Ask the FSA and/or Ebay and come back with your answers. By default it is regulated by the FSA who act for the Luxembourg body they do mention on their website.

    Ebay/Paypay say:

    "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"

    So clearly nothing whatsoever to do with the FSA.

    But then why would an owned American company based in Luxembourg be under the jurisdiction of the FSA??

    Are you confusing the FSA with the FOS?
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Brooker_Dave wrote: »
    Ebay/Paypay say:

    "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"

    So clearly nothing whatsoever to do with the FSA.

    But then why would an owned American company based in Luxembourg be under the jurisdiction of the FSA??

    Are you confusing the FSA with the FOS?

    I can't believe I'm writing this again!
    The Luxembourg authority (CSSF) is regulated by the FSA, so by default Paypal are!
    .
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    RFW wrote: »
    I can't believe I'm writing this again!
    The Luxembourg authority (CSSF) is regulated by the FSA, so by default Paypal are!

    You think that the CSSF are controlled by the FSA?????????
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Brooker_Dave wrote: »
    You think that the CSSF are controlled by the FSA?????????

    Not quite what was said, should we refer this to the EU? its getting a bit pointless now.
    .
  • soolin
    soolin Posts: 74,407 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    RFW I think you will find that most people have certain users on ignore which is why some posts are overlooked on threads.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    RFW wrote: »
    Not quite what was said, should we refer this to the EU? its getting a bit pointless now.

    You seem confused by your own posts?
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Brooker_Dave wrote: »
    You seem confused by your own posts?

    No that's your job, I haven't written anything that contradicts itself, just something you have difficulty grasping.
    .
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    RFW wrote: »
    I haven't written anything that contradicts itself

    "The Luxembourg authority (CSSF) is regulated by the FSA"

    "You think that the CSSF are controlled by the FSA?????????"

    "Not quite what was said"

    HTH
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Brooker_Dave wrote: »
    "The Luxembourg authority (CSSF) is regulated by the FSA"

    "You think that the CSSF are controlled by the FSA?????????"

    "Not quite what was said"

    HTH

    Is this the 5 minute argument or the full half hour?:rolleyes:
    :beer:
    .
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture