Actually the part where you said funds were released 3 days after confirmed delivery is incorrect and VERY misleading. What actually seems to happen is the funds are released sometime after 3 days as in when paypal feels like it. The information to confirm the delivery can be available and even when it is available, it does not equate to 3 days. My account right now has a transaction that supports this. The buyer paid for the item and it was shipped with ebay printed postage labels straight from the transaction. The item went in the mail next day, postal service attempts delivery on thursday last week but buisness closed so we wait another day and the item is delivered at 2pm on friday. The funds release date on my account says 1/23/17 but the funds are still on hold, more than 3 days after the postal service shows delivery confirmation. Even if the system automatically releases the funds at midnight, it still equates to longer than 3 days. Holding people's money is also NOT a common industry practice. When was the last time you went to ANY retailer and they let you take something home without them recieving their money? When was the last time you ordered something online and the credit card company keep the retailers money on hold until several days after they confirmed that you recieved the item and whether or not the card company released the funds also depended upon the buyer being honest. In reality the holding of account holders money based upon excuses of assuring protection for buyers and sellers is incorrect as their is NO protection for the seller, only an annoyance, and the practice only puts the seller at a much higher risk from a dishonest buyer! It seems to me that this reasoning is only used by ebay and paypal as an excuse to hold peoples money so they have more capital to gain interest off of at any given moment. I put in my time of building my feedback reputation on ebay and went through all of the initial hold the money bologna untill i was established and even after you break the new seller barrier and prove your honesty, ebay and paypal still wants to play the ''goody 2 shoes game" and hold money on certain items or just for any reason they so choose. I have proven my honesty but ebay and paypal have yet to prove theirs to me. Here's the kicker, most sellers on ebay are also buyers on ebay and all these bologna rules and incorrect statements being shoved down sellers throats is what chases off sellers (and buyers).
