PayPal

[David Farber <dave () farber net>]

Begin forwarded message:

From: Phillip Jackson <pjackson () chesapeakeimaging net>
Date: August 26, 2008 11:05:47 PM EDT
To: dave () farber net
Subject: PayPal

Dave:

I'm pretty disgruntled and disgusted with PayPal's new policy related  
to transactions made via eBay.  Specifically payments made to the  
seller are "held" up to 21 days OR until the item is confirmed  
delivered (by using the channel relationship with UPS, FedEx, etc) AND  
positive feedback is left by the buyer.  I just shipped several  
thousand dollars worth of goods to a purchaser - those goods are  
confirmed delivered and the customer has left positive feedback on  
eBay.  Apparently it is up to the discretion of PayPal to release the  
funds at this point, though they can still "hold" the funds for the  
remainder of 21 days.  It seems this is a wonderful way for PayPal  
(and eBay, consequently) to capitalize on interest being generated by  
said "held" funds.  It also seems this new practice protects the  
purchaser far more than it does the seller.  I also am entirely amused  
by the fact that neither PayPal OR eBay notified it's users as to this  
policy change.

Regards,
Phil

--
Phillip C Jackson
CEO & President, SecureRAD LLC
122 Defense Highway | Suite 228 | Annapolis, MD 21401

Tel: (202) 841-0090
Fax: (443) 926-9340
Bridge: (616) 712-8000, 820991#




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