We have been trading on eBay for 10 years, our monthly turnover on eBay and Paypal is in excess of £35k. Yesterday PayPal put a hold on a payment and put 24Hr delays on withdrawing our funds. We have £1500 we cannot get into our bank. This has seriosuly impacted our cash flow and we have no idea why and when this will be lifted. We have purchased large stocks of items due to increased throughput on eBay but we will now have to close our eBay shop as we cannot access our turnover due to PayPal. In the current climate PayPal should be ashamed of themselves in causing such damage to e-commerce.
