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PayPal holding payment from customers

124

Comments

  • soolin
    soolin Posts: 74,407 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    rayal wrote: »
    Of course I can use eBay without using PayPal ............ you obviously missed the 'point' about paying the postage .......

    No, if you don't use paypal you can't sell. It is immaterial how you pay for your postage.

    No paypal = no ebay selling
    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.
  • RFW
    RFW Posts: 10,425 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    soolin wrote: »
    Most of us have waited years for Mr Broker to support his argument, that's why no one else is really joining in here. We get this regularly every few months.

    Apparently if you keep saying the same thing over and over again and link to sites that say the complete opposite you can win an argument. The fact is that very few regulars actually see these posts as most have him on ignore.
    I know, I'm sorry. Occasionally you have to believe that something will filter through;)

    Anyway I better go, my Paypal shift starts in 20 minutes, I just hope they earn interest on my salary:p
    .
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    soolin wrote: »
    Most of us have waited years for Mr Broker to support his argument, that's why no one else is really joining in here. We get this regularly every few months.

    Apparently if you keep saying the same thing over and over again and link to sites that say the complete opposite you can win an argument. The fact is that very few regulars actually see these posts as most have him on ignore.

    But Paypal admit to gaining interest on the funds they place on hold!

    As the CNN cite confirms.

    Why pretend otherwise??
    "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
    soolin wrote: »
    The fact is that very few regulars actually see these posts as most have him on ignore.
    Perhaps he has mine on ignore as he doesn't appear to have read any of them. I will follow your advice though.
    .
  • cyberbob
    cyberbob Posts: 9,480 Forumite
    1,000 Posts Combo Breaker
    RFW wrote: »
    Perhaps he has mine on ignore as he doesn't appear to have read any of them. I will follow your advice though.

    He doesn't read anyones. He just keeps repeating the same thing over and over. Working on the theory that if he says it enough it will come true.
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    cyberbob wrote: »
    He doesn't read anyones. He just keeps repeating the same thing over and over. Working on the theory that if he says it enough it will come true.

    It is true.
    "PayPal outlined exactly what their sources of revenue are.

    "We earn revenues from three sources: transaction fees, interest on funds held for others and investment management fees. The following describes these revenue streams."

    INTEREST ON FUNDS HELD FOR OTHERS
    Still wondering why PayPal freezes customer funds for any reason they can think of? You guessed it. They make money off of your money to this very day.

    "We invest the balances in most of our customers' accounts in short-term money market and money market equivalent securities..".
    PayPal also pools customer funds in bank account under PayPal's own name."
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • Brooker_Dave
    Brooker_Dave Posts: 5,196 Forumite
    RFW wrote: »
    IN THE USA, I await the link to Paypal in the UK admitting this.

    "PayPal does earn interest on balances in other currencies. As an international payments provider, PayPal is standardizing its cash management process to be consistent across all geographies and currencies. Therefore, effective January 19, 2006, PayPal will have the option to earn interest on U.S. Dollar balances (other than balances in the PayPal Money Market Fund). This change will not affect the manner or timing in which PayPal processes your payments. PayPal users in the U.S. can have the option of earning a return on balances held in their PayPal accounts through participation in the PayPal Money Market Fund."

    https://www.paypal.com/us/cgi-bin/webscr?cmd=_update-policy

    HTH
    "Love you Dave Brooker! x"

    "i sent a letter headded sales of god act 1979"
  • catmiaow
    catmiaow Posts: 5,954 Forumite
    1,000 Posts Combo Breaker
    I must admit I do not like Paypal, find their fees and customer service are awful! That is why I have now stopped selling on ebay and I hardly ever buy anything on their now either. Ebay should not force people to use Paypal to sell, I think that's unfair but something they can do and get away with it.
    No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:

    Thanks to everyone who posts competitions. You are the stars of the board :T:j:T
  • rayal
    rayal Posts: 6 Forumite
    soolin wrote: »
    No, if you don't use paypal you can't sell. It is immaterial how you pay for your postage.

    No paypal = no ebay selling

    ....... that's odd, should I pay back all the cheques Postal Order and Bank Transfers I have received over the past 5 years ? ....... and you are still missing the point about postage...........

    I apologise for dropping in on your forum, I'll go back to my own .............
  • theonlywayisup
    theonlywayisup Posts: 16,032 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rayal wrote: »
    ....... that's odd, should I pay back all the cheques Postal Order and Bank Transfers I have received over the past 5 years ? ....... and you are still missing the point about postage...........

    I apologise for dropping in on your forum, I'll go back to my own .............

    I think what you have misunderstood is that you MUST offer Paypal otherwise you cannot sell on Ebay. The buyer has the right to chose and may chose other methods if you offer them. But Paypal has to be offered.
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