PayPal Complaint - Beware of PayPal & Ebay Practices
SAN JOSE, CALIFORNIA -- Beware of PayPal & Ebay Practices:
You buy an Item on Ebay. You Pay with PayPal. Both are Owned by Ebay!
Ebay says you must pay within 7 days! You are verified with both Ebay & PayPal. You have a verified checking account and Credit Card on PayPal. PayPal notifies the seller you have paid with Echeck. PayPal sends you a Email notifying you that the payment will take days and days and days to process. Even though YOUR BANK has paid PayPal within just a few days, PayPal holds your payment for even more days, making sure your payment to the seller goes just over the 7 days allowed! This way PayPal makes all the interest they can on YOUR MONEY! You are delayed getting your item, you may get negative feedback, but Ebay and PayPal make their money!.
Also beware of the 5 free listing thing Ebay has on now. They will RIP you on Fees. At least 8.75% or $20.00 !
PayPal acts like a BANK but are not allowed to be a BANK!