Thank you but I still consider the withholding the money for UP TO 21 Days to be a money making thing.. The amount here wasn't huge and I am very regular PayPal user so no excuse not to just pay it straight over...
The fee is, in my opinion, far too high at some 3.5'ish % in these days of low interest rates,,.. Again making too much money in my opinion.
I'll take a cheque next time and save myself the best part of £10 in fees thank you very much...
@kernowlass wrote:
@Gkinghrn
Firstly its not 21 days always, if you send trackable then the funds are released earlier if paypal can see the item as delivered.
Secondly a buyer cannot cancel a completed payment, and its completed on THEIR end but paypal is holding the money.
You have no less seller protection than if the funds were in your bank account because if the buyer did open a dispute and won his money back then paypal would put your paypal account into negative until you paid them back again.
And you need to check up on what real auction houses charge in fees as it makes paypals very reasonable. I would rather get more buyers that increases my auction price by using paypal and pay the fees than it not sell at all or sell for a lower amount.
Feel free to stop using paypal but as a buyer I would not pay any other way and if a seller does not offer it then they would not get
