PayPal Money Transfers Complaint

PayPal Money transfers department,

Domestic (US) money transfer Other transaction issues Other transaction issues California

eBay have developed an amazing new trick in maximizing profits by withholdingcustomers access to their own money. I sold a bicycle on eBay auction for $800.00 ( -/-/15 ) The buyer paid PayPal $860.00 ( ( $800.00 plus $67.00 eBay specified shipping charges ) PayPal immediately deducted their fee of $ - flagged my PayPal account had a balance of $840.00 whilstsimultaneously placing a hold on these same funds. The hold being controlled by eBay.


A very small number of high user ( meaning big spender to eBay ) customers are freed from this hold imposition. With present day virtual and instantaneous money management eBay is able to control and profit from my money still being in their account for their own uses. With the enormous customer throughput even the average small transaction amount generates huge profits to eBay all without asking/telling the customer. During my hold period eBay had the temerity to email to say that they would be automatically deducting, from my credit card, their fees for the auction before the hold was lifted. As of -/-/15 funds are still " on hold ''