I want to know exactly what paypal is doing with money held in escrow accounts for any duration of time until it is released to buyer/seller. It sounds suspiciously like the bad old days when building societies used to insist on 10 working days to clear a personal cheque, bleating about how it was a condition of their participation in the clearing system until everyone got wise to the fact that they were using holding accounts to play fast and loose with other peoples money on the markets, whilst giving the impression it was because thats the way the system worked, which of course was bollocks. I want to know EXACTLY what is the lifecycle and pathway of moneys handled by Paypal. Are they doing the same??!!
